Albeit a somewhat weak-assed approach to market play, I have been taking advantage of a soft hedge play strategy so as to capitalize on the unsure market. Last night set plays for a buy on GBP playing strong over JPY/USD, and set shorts on EUR ...

Cable Update (GBPUSD)

On the daily, everybody was pretty sure of a fall back after the week prior to last. Really no straight up and downs on any chart. A quick look at my daily shows that though GBP/USD did fall back, it failed to close below critical point of 1.4249. ...

Cable Update (GBPUSD)

Almost think I prefer NFP days to Friday the 13th....CRIPES!

Cable Update (GBPUSD)

With this cycle being completed, we will move along to support range on 1h chart @ 1.4837, then to 4h. As I believe this to still be a running bull in a short bearish trend, I would expect to see a bounce at the next support level. I will most ...

Cable Update (GBPUSD)

People love to profit by prophet...but heaven help you when profit becomes loss... Have up'd the day to +283, going to take a break for a while, best o luck on the balance of your day.

Cable Update (GBPUSD)

I am moving from the penny stocks into Forex, though have been mucking with it for sometime, have only been full in for just over a month. I have been blamed by several traders over the years who were unable to follow charting of their own, so I ...

Cable Update (GBPUSD)

In order to properly qualify my previous statement, in order for the bear trend to continue, we need a breach and hold below 1.4869 on a 30m chart. We have support on the 1m/5m and are approaching support on 15m. A breach for the 30m will move to a ...

Cable Update (GBPUSD)

Next support Line to be breached and held will be 1.4869. Go Bears Go!

Cable Update (GBPUSD)

Not trying to be selfish, I would hate to lead others astray by public posting of an indicator that I have not created, nor sure would be supported by Forex Factory. There are several available, I have just settled on the current by means of live ...

Cable Update (GBPUSD)

GROUP HUG! LOL Still sitting on the sidelines, no trades as of current.

Cable Update (GBPUSD)

Worry not Amigo, I am here to learn, and I think this here sand box is big enough for all of our Tonka Trucks. Feel free to advise me at will, I can only hope to improve.

Cable Update (GBPUSD)

I cannot be offended, seriously... I had full expectations of people disagreeing with me and my forecasts, even though we are all watching the same motion, we can still be on opposite sides. I am not going to claim perfection, I had started the day ...

Cable Update (GBPUSD)

Interestingly enough, I use them to confirm one another, but I am not about to enter into a peeing contest with anybody. I wasn't seeking approval, just answering the question and will gladly just take the money I make instead of a pat on the back. ...

Cable Update (GBPUSD)

Self correcting fib scale, used on 1m for scalps, 5-15m for continuations. MA 4,7,9 play the 4 for support/resistance, 7/9 for confirmation. RSI 13/3 MACD 12,26,9 OSMA 12,26,9

Cable Update (GBPUSD)

I may have a different view on the charts, but a stop loss for the indicators I use are for safety ranges, not gambles. I still look at this being bearish but will wait for further confirmation after lunch and will gladly take a bird in the hand ...

Cable Update (GBPUSD)

Out @ 1.4930, indies not looking pretty, will wait for new direction.... Out to lunch!

Cable Update (GBPUSD)

S/L moved to 1.4956, watching for a breach and hold of 1.4904 to take profit near 1.4891

Cable Update (GBPUSD)

Short @ 1.4946, 20 s/l

Cable Update (GBPUSD)

1.4930 seems to be the line in the sand on a 5m. Close below, gone short, close above, going long again. No position right now.

Cable Update (GBPUSD)

+75 going to watch for direction from here....

Cable Update (GBPUSD)