We are yet to see any proper rally but the bears are on the saddle

Cable Update (GBPUSD)

PA has closed well below EMA 50/M15. The last time it did this was at the Asian session, last Friday. The bears are laying down a marker but it is early days yet

Cable Update (GBPUSD)

The market has now moved: a swing of 21 pips. We can be sure of an active day today

Cable Update (GBPUSD)

My routine check has shown that my sell stop at 2657 is right at the base of i-regr/M15. So, it's off. It is better to catch the short upwards. The lo-hi on M5 is an indication that we may get the 2680s and that will be the place to short

Cable Update (GBPUSD)

Yes, let's hope it gets down further down. I have a sell stop at 2657 though PA has room to also get to 2683

Cable Update (GBPUSD)

Just came back to notice that my shorts of 2702 and 2692 hit TP at 2675 making a total of 60 pips. The H1 average is at 2635, meaning there is still opportunity for further pips. So, let's see how PA shapes up before the market closes in about 100 ...

Cable Update (GBPUSD)

Exit 20 pips. I expect some rumblings here, ie, M15 average (2693) but the descent will continue afterwards. Sell stop at 2692 though I hope to catch another short upwards

Cable Update (GBPUSD)

Short 2715. Just got back to the platform today in time to see M15 closing inside the Aki's band. SL 2732. TP1 is at M15 average at 2673

Cable Update (GBPUSD)

The bears are doing well but WR 100 pivot at 2532 is the stumbling block. If they take it out, 2465 becomes a possibility

Cable Update (GBPUSD)

Bears let loose. Let's see how the bulls respond when we get to the M5 average at 2539

Cable Update (GBPUSD)

Absolutely

Cable Update (GBPUSD)

Of course, you are quite right. That is what speculation is all about. The Central Banks watch the market all the time like we do and intervene when it is necessary. The don't get involved all the time and that is why we make money. And even when ...

Cable Update (GBPUSD)

H1 has closed and all we got was a doji that got to 2543. Is that the high of the day? I don't think so. Before PA will take a definite plunge downwards it will most likely touch 2557, at the least. That is where Aki's H4 top band is

Cable Update (GBPUSD)

I like that... real life. Anyway, I am sure you know that what we are doing is called speculating on foreign exchange. Now, in the days of the Gold standard or the fixed exchange rates, countries through their Central Banks had no worries as to ...

Cable Update (GBPUSD)

I believe the primary target of this bullish move is 2548, which is the H1 average. Then at the close of the hour, what it does there will tell us the direction of the day

Cable Update (GBPUSD)

At about 2pm GMT yesterday, PA which had hovered around 2560 ran up back to 2600. That was a prelude for the move of the day, which should have been southwards. But to give traders some confusion, PA was pushed up above the day’s hi to 2614 with H1 ...

Cable Update (GBPUSD)

The bulls are mounting a come-back. For me, PA has to close above the M5 average at 2516 and the old H1 average swing hi at 2518, before going long

Cable Update (GBPUSD)

Are the crooks trying to deceive us as usual? M15 and M30 have closed with bullish candles. It could be time to go long

Cable Update (GBPUSD)

With GU, nothing is hacked on stone. 2481 then. H1 candle has closed menacingly

Cable Update (GBPUSD)

PA has gone into Aki's band on M5. 2500 might be off for now

Cable Update (GBPUSD)