Hi Smikester, looking at the dollar index chart, how do you see divergence when lower highs on the chart are producing lower highs on your oscillator? Aren't higher highs on the chart supposed to produce lower highs? Or other way for hidden ...

Cable Update (GBPUSD)

'tis very tempting but watching Euro carefully. TL's tell me if this was going to happen it probably should have happened by now, but still a little time. If something magical comes out of the Euro think tank then could be on. I have abandoned hope ...

Cable Update (GBPUSD)

Wakey wakey hand off snakey

Cable Update (GBPUSD)

Have dropped my bullish optimism for now. Closed all longs.

Cable Update (GBPUSD)

I agree, 2 descending channels both heading steeply lower in line with weekly and more importantly monthly MACDs. Note: only second bearish monthly macd since GFC and happening much earlier in price reversal than the first.

Cable Update (GBPUSD)

Break of 5538 or so likely to see 5425.

Cable Update (GBPUSD)

Actually, scratch that, just drilled down further visually off Flatfish and Zero cools charts as don't have access ATM, and see new trendline headind to 5425 as confirmed by 4 hr indi double touch also.

Cable Update (GBPUSD)

The double touch on my 4hr indi suggests this also, my trendlines offer possibility of retesting 5730 again first though. How about you?

Cable Update (GBPUSD)

I agree, but I think the Santa Rally will be about as genuine as Santa himself.

Cable Update (GBPUSD)

I have that exact same trade on, same TP but I got in at around 10 pips earlier. A good set up that I think will travel further.

Cable Update (GBPUSD)

Well, price action had me abandon a play off 56. I am looking at 5425 or so as a decent set up if memory serves me well.

Cable Update (GBPUSD)

I won't prophesy 5880 today but seems like a logical point this week, and sooner rather than later. I am trading from my phone but from memory daily 200ema there at the 61.8 retrace? Not sure

Cable Update (GBPUSD)

I actually sold Asian session at 5652. Looking for 5610. If it fails, Ill scoop it on the way back down from 5880 for a BE. That's what I see anyway.

Cable Update (GBPUSD)

Hey Fontu, thx very much for the vouch. Um, sorry, I can only digest about half of the above transcript. I take it you are scalping until big fellas show their cards?

Cable Update (GBPUSD)

Missed my long entry at 56 on Friday but won't miss it today, TP 5860

Cable Update (GBPUSD)

Well, if everything goes to the crapers in Europe and Greece left the zone, you could load up on a big short on a major trendline break. A simple formula like what happened at the beginning of the GFC. You could make $500000 with enough lots, mind ...

swing trading with the pro

Cannot agree with that broad statement, have been using MACD and 2 other custom indis for quite some time and doing very well.

We Are The 1%

Fits well with my previous analysis, hope it plays out for my GU longs sake

Cable Update (GBPUSD)

Ah Ha... I see your point, my classic pivots are no longer relevant.

Cable Update (GBPUSD)

I can't agree with your analysis, are we on the same timeframe?, pair, PLANET?

Cable Update (GBPUSD)