Exactly, which is why i'm too scared to go long here

Cable Update (GBPUSD)

Hi, I don't see why people would long here before the meeting. I mean the two scenarios are 1) No change - resulting in not much action as its already priced in 2) Rate hike - which should send cable back to the lows Sure a cut would give us a ...

Cable Update (GBPUSD)

Dont forget that cable is in a down channel since march's 2.04. And we're nearing the top of the range. Id want to see at least 1.99 before going long. If we go back below 1.97 ill be going short

Cable Update (GBPUSD)

Im so tempted to go short but then think.. Cables refused to go down all week despite the signs. IMO theres no reason why the "signs" should be accurate this time around. All that we know is that EVENTUALLY gbp will retrace. - Theres no point trying ...

Cable Update (GBPUSD)

Not much enthusiasm with the break. Very tempted to go short it it doesnt get above 815 in the next 15-20 mins

Cable Update (GBPUSD)

IMO its bad that after all that positive news cable hasnt broken 9800 yet. if i was long i wouldnt be comfortable with my position right now.

Cable Update (GBPUSD)

Hmm, negative USD news but no reaction? must be waiting for the next batch. And i just noticed Bernanke's talking later - should provide some volatility - although he hasn't been giving away too much lately.

Cable Update (GBPUSD)

There are likely to be many stops in the 9430 - 9450 area so I think a break below here will probably result in us arriving at 9300 fairly sharpish.

Cable Update (GBPUSD)

Having said that I suspect the pair has a tendency to go down and any negative USD news may result in a kneejerk reaction to the topside but will probably be shortlived. I may set up a grid of sells every 10pips or so all the way up to the 1.96 area ...

Cable Update (GBPUSD)

I wouldn't touch this pair with a barge pole until the barrage of todays USD news comes out. There's wicks all over the place on the 30min and hourly! Looks like traders undecided on direction and are looking for clues in the form of fundementals

Cable Update (GBPUSD)

Hi there I have been studying Conflower for a while now, but am still sketchy on some of the details. Right now there seems to be a good setup on the H4 EURJPY. the price has rebounded nicely of the 72. Hower in all the lower timeframes, M30 etc the ...

Cornflower Hourly System

Hi there First of all, thank you very much for continuing your full report - (and not hiding your losses as many traders do!) It seems that you guys have really stumbled upon something- i hope that it continues to work long term. However I do have a ...

kharvell's Trades