What I meant was it did go below 1.61 and then rallied back to above 1.65 after Scotland chose to remain in UK. And then back all the way down... BTW, how do we tell where bottom is? I thought it would actually go below .4950 as bottom where it ...

Cable Update (GBPUSD)

u mean it is unlikely to test 1.50 again?

Cable Update (GBPUSD)

Can explain further? And yea back then I was doing news trading (following recommendations of Peter in FPA) I thought it odd good employment data and carney still went dovish and finally revised GDP lower causing the drop from .5945 to where it is ...

Cable Update (GBPUSD)

yeah, i remember that happened back then. I was actually short from 1.62 and panicked so much at the rise that I opened longs around 1.64 today though it chose to ignore bad news and jus keep GBPUSD big on the core cpi figures alone. so far it has ...

Cable Update (GBPUSD)

thanks Elbert for the words of wisdom. I am still trying to figure out how to upload screenshots so that it looks like yours... my previous attempts came out as links instead =/ and yes, there is indeed a battle going on at this current level around ...

Cable Update (GBPUSD)

RSI 50+ for me...

Cable Update (GBPUSD)

i remember last year during Scotland event lol. I panicked when I saw price rising so high to 1.65 relief rally and actually opened long. Then suddenly price down by so much... to .59xx so fast was like wow what the heck... and that was despite good ...

Cable Update (GBPUSD)

Interesting. So you mean usually GJ downmove recently is caused by yen strength and also gbp weakness and I wld have to consider both this time Lol yea 188/189 was big resistance! Agree on that one. And ok, enjoy your meal and thanks for advice ...

Dragon Riders GBP/JPY

well if BOE surprises tomorrow then maybe... else it would be totally data dependent I think

Cable Update (GBPUSD)

Very tiny ones 0.02 @ 182.5 thinking to do small averaging out later when open short again maybe around 184

Dragon Riders GBP/JPY

Lol for Abe. He wants BOJ to do more stimulus again I wonder at the absurdity of it all So... I should be looking for GU movements now, to predict GJ movements? Ok... cos I always thought yen was the mover for this pair And yea I also ...

Dragon Riders GBP/JPY

Sweet , I will try those EMAs too and see how it goes. Someone else told me to use EMA 8 (which didnt work for me), another one said EMA 3 lol... On D1 chart, I do see double bottom in place for now, and GBPUSD rising? Looks like it may ...

Cable Update (GBPUSD)

Cool. Almost the same except I dont have the 20... thinking what others am I missing or supposed to add lol.

Cable Update (GBPUSD)

Elbert, what EMAs are u using? Care to share? I am trying 50 100 and 200 though some people say 21 is good? Or is that too many EMAs Still trying to figure out how u do that jumping in and out of trades accurately. I basically use S/R

Cable Update (GBPUSD)

Thanks. I also come here to check posts to gain further insight since I trade both UJ and GU In order for GJ to drop, either yen has to get strong (which is hard since Abe wants more stimulus unless risk off?), or GBP gets weaker (more likely due ...

Dragon Riders GBP/JPY

Sisse I am curious on your outlook for UK. What do you think of BOE's hawkish stance? I find it hard to believe they can rate hike with falling/negative inflation prices and with all this ongoing EU (their biggest export market) problems. Another ...

EURUSD

Very interesting thread. Trying to figure out your methodology Do you think GBPUSD is having a trend change or still in retracement mode btw? safer to go long, or short from higher?

Spider's Den

Theoretically, 5400 has to break to open door further up doesnt it? Just guessing.

Cable Update (GBPUSD)

that is acting as short term R for now, right?

Cable Update (GBPUSD)

Kinda agree with you. Cable needs to drop to at least .5338 or .5230 to resume big bear trend... which will cause GJ to drop too. But seems cable jus wants to keep rising now, and this is dragging GJ up unfortunately. However it is also possible it ...

Dragon Riders GBP/JPY