Fibs — It is important to apply your fibs the correct way Nav. The fib retracement is a tool which measures the move you choose ,say a swing high to a swing low, and you are monitoring the prices retrace of that move. It also can give ...

Cable Update (GBPUSD)

Well when I came back from holiday on wed this week I thought Ill watch this one play out though I wanted to go long right there at 9700 as soon as I saw the very nice falling wedge pattern on the Daily after throwing some lines around ,which fitted ...

Cable Update (GBPUSD)

No retrace then but then that daily candle yesturday was very blue on close

Cable Update (GBPUSD)

Well I never thought of it like that. Of course people who have overextended themselves could find there in trouble and not able to get great interest rates. But I would suspect most as Allserene has said have enough equity to sit it out or sell for ...

Cable Update (GBPUSD)

Yes I know what you mean on them buy to let guys they are a lot of the problem but can not blame them ,I wish I was one of them ,lol I’ve not quoted Halifax that’s HSBC which is a bank and not even a building society which tend to do better. Im not ...

Cable Update (GBPUSD)

Oh heres my daily, Love what you guys do here by the way.

Fibonacci Trading with Bobokus

Hi ya Jets ,I would agree we could have a retrace here back to 9800 area but right now just see consolidation .I would be wary of shorting without a signal as that daily bar looks so damn blue and we have just broke a daily falling wedge.

Fibonacci Trading with Bobokus

Well that’s my point Turveyd ,im not sure about who’s paying 8% but that needs to be addressed and making money flow will address that as the base rate is not that high. You can get much closer to 5.5 % with HSBC Bank right now?

Cable Update (GBPUSD)

One of the reasons I remained bullish on the pound is the thought that the BOE had little room to drop interest rates and keep inflation in control including house inflation which is in need of a correction. I thought that as soon as rates were ...

Cable Update (GBPUSD)

Nav I think there will be a retrace but thats a big blue candle on the daily right now,you could hedge if todays high is broken?

Cable Update (GBPUSD)

If anything price has been flat for some time if you look at longer moving averages.

Cable Update (GBPUSD)

Well not me.But its still not exatly fully recovered.

Cable Update (GBPUSD)

On the triangle break out target has been met(white line )same length as back of triangle.+ average daily range met. So a pull back looks likely for next move

Cable Update (GBPUSD)

Thats exactly what I was thinking,that would be my entry

Cable Update (GBPUSD)

Hey buddy Well I would sell but would prefer to sell with PA confirmation as Im really struggling with the 9400 target of most. When I check in during the day I really have limited time to make trading decisions. I mean if I had the luxury of being ...

Cable Update (GBPUSD)

I haven’t had time to check out what you guys have been saying but price has stopped to the pip on that falling TL and is waiting for news im going to see what that brings.

Cable Update (GBPUSD)

Price still on bull run im looking for a reaction to the falling TL, got some US employment figures coming out later and I would imagine they are going to be bad based on recent figures. + BOE is taking steps to free up money supply for UK banks.

Cable Update (GBPUSD)

Im going to watch this one play out as I would like the falling Daily TL to be tested again.I would sell the rejection. That may not happen today.

Cable Update (GBPUSD)

Interesting formation the falling wedge, bullish with high probability chance of break out to the upside, trend reversal. Im going to watch carefully.

Cable Update (GBPUSD)

Thanks mate its good to be back

Cable Update (GBPUSD)