Closed position at same price, GBP/NZD in consolidation mode at the moment.

Cable Update (GBPUSD)

Sure, why not.

Cable Update (GBPUSD)

Speaking of EUR/NZD look at that superb breakout on the 15 min (head and shoulders pattern).

Cable Update (GBPUSD)

EUR/NZD is a good short too but let's keep things simple.

Cable Update (GBPUSD)

Short GBP/NZD at 1.7300, 35 pip stop.

Cable Update (GBPUSD)

Thanks. I learned a long time ago (and the hard way of course), that arguing with the market is totally insane. If a trader has a bullish view but the market is clearly going down then he/she needs to quickly react to that new reality or he is ...

Cable Update (GBPUSD)

Yes I know, I was talking in general.

Cable Update (GBPUSD)

out at 1.7290, so far 20 pip loss (-50 + 30). Waiting for short re-entry.

Cable Update (GBPUSD)

Yeah same thing, they are going down.

Cable Update (GBPUSD)

Yep, GBP/NZD is about to reverse the intra day trend.

Cable Update (GBPUSD)

Closing and reversing

Cable Update (GBPUSD)

Long GBP/NZD 1.7370, 50 pip stop. Now easy boy.

Cable Update (GBPUSD)

Yes GBP/NZD is bullish, and the AUD CPI report yesterday plus the recent uptrend in the cable only added more fuel to the move. I am now looking for a good buy point. This move could bring 200 pips or more, depending on the CPI numbers. That said ...

Cable Update (GBPUSD)

Viagra, what's that, a new Forex trading system?

Cable Update (GBPUSD)

Thanks MXT. So how is the market treating you these days? I am currently watching the GBP/NZD (AUD Consumer Price Index in 1 hour), what is your opinion regarding this pair, from a day-trade point of view?

Cable Update (GBPUSD)

So buy it and make 175 pips...

Cable Update (GBPUSD)

When something is supposed to retrace/pullback, it usually goes even higher most of the time.

Cable Update (GBPUSD)

On the weekly and monthly charts we have a series of inside bars (candles). This is usually a pattern with serious bullish implications. However, a breakout below 1.2000 and the party is over for the bulls.

Cable Update (GBPUSD)

Hi Bones, Sometimes I have a hard time understanding what you are saying. Could you please rephrase your question?

Cable Update (GBPUSD)

You forgot to mention the 150 pip drawdown (heat) the trader had to endure before reaching that 1.2585 level you were looking for, no? Concerning the resistance it depends on your time frame of course, a 5 min resistance is totally ...

Cable Update (GBPUSD)