Yup(the 1.9606) to go LONG. and 1.9675 to SHORT.......

Daily Cable Analysis

Honaforex — I'm beginning to agree with you...which will break first?!The fight is on!

Daily Cable Analysis

1.9652 = Stubborn — Agreed. Starting to look like a SHORT possibility forming...........

Cable Update (GBPUSD)

Hmmmmmmmm..... — Well I was hoping for a retrace during the early hours of trading to the 1.9605/7 area to enter a LONG position but that didn't happen. It's currently fighting the 1.9651/3 area. There is resistance at 1.9675 which would be ...

Daily Cable Analysis

henrycarol — I think henrycarol just shorted at 1.9651......

Cable Update (GBPUSD)

Deja vu? — It could be like last Friday when there was no pullback except for the brief spike down on an announcement. It may shoot right up with no major news tonight. I still hold the opinion that the market want to go up.

Cable Update (GBPUSD)

GBP/USD Sunday/Monday — Personally I would like to see a retrace before jumping in a LONG position. I do agree that the odds are stacked in the favor for a LONG to the 1.9700 level but I am hoping it will come down to 1.9605 first. It may even ...

Cable Update (GBPUSD)

Ditto that! — May this week be better than last...at least for me and my whole 9 PIPS profit after being zig - zagged back and forth! The good news is we are out of the triangle so HOPEFULLY we will see a continued BULL rally to the ...

Cable Update (GBPUSD)

Agreed — I agree with that! This back and forth move killed me in a trade yesterday and I hope it doesn't do it again today. I will remain optimistic on this SHORT and see what happens. If it goes back to the 1.9582 level.... my SHORT is ...

Cable Update (GBPUSD)

You aren't the only one still SHORT.

Cable Update (GBPUSD)

Well......... — If the European community can't get this thing going one way or the other we can almost always count on the US market to move it one way or the other....the US moves aren't logical most of the time but they will move it!

Cable Update (GBPUSD)

1.9557 — If it can stay below this level it will continue SHORT. If not.......LONG it is..............ahhhhhhhhhhhh this range bound week!

Cable Update (GBPUSD)

Same target I have set 1.9525...... if it breaks this I may keep 1 lot open to ride it on down to 1.9500.

Daily Cable Analysis

Double top — So far it's looking like a double top at 1.9596 area. If the news doesn't push this pair up then it may be time for it to fall.......AGAIN.

Daily Cable Analysis

Pattern — So if this thing follows this weeks pattern we'll see a spike up to retest 1.9600 and then it will open up SHORTS for the rest of the day! By pattern, I am referring to Frankfurt open one way, London initially follows then reverses.

Cable Update (GBPUSD)

So that's why the GBP can't break 1.9600!

Cable Update (GBPUSD)

That's still my favorite question.

Daily Cable Analysis

Yup — I see us still in a triangle so there really hasn't been a breakout yet. 1.9490 is the bottom of the current triangle and 1.9600 is the top. So, we are still ranging folks...... and that makes me scared! HA! Just kidding! We'll see what ...

Daily Cable Analysis

Ranging ...STILL — This puppy is still within a triangle and really hasn't decided where to go yet. It keeps ranging up a little at a time as stated by Monarchs post about 15 PIPS up per day.I really don't see it lower than 1.9490 today but ...

Cable Update (GBPUSD)

Thursday — "3rd week of month always the toughest.... option settlements on Thursday and a lot of mess......... " That sums it up for me as a quote from a fellow trader stated. I still don't see a true breakout yet with todays move failing to ...

Daily Cable Analysis