GU — Weekly, Daily, 4hrly and market profile attached. These charts should give you an idea of the levels im looking at. Currently we are trading around 5040 - 5060 area. Price was always going to stop around here with 5040 being a untouched ...

GU, GJ and EU Analysis Thread

EU Analysis — Few charts here showing a potential trade setup. PA is very choppy at the moment with no real direction which is expected in the first week of the month prior to NFP's tomorrow. I have attached a weekly, daily, 4hr and MP chart. ...

EURUSD

You may not be crazy but your risk management certainly is ! Stocky

Cable Update (GBPUSD)

Hi Jaboo, Dollars current bid move is of the back of bad credit rating issues in Greece....this has also caused gold and silver to drop as investors are investing into the so called safety of the USD (world currency). The last NFP's were much much ...

Cable Update (GBPUSD)

Todays Analysis — As per yesterday anaylsis we trade around the bottom distribution until it had filled and formed a bell shape curve before attempting a retrace and test the 4hrly trend line we broke out of yesterday. Unfortunately we didnt ...

Cable Update (GBPUSD)

Like the way you use critical levels in stocks to determine movement in gbp/usd....I use the same concept in trading GU and also when trading the 10yr Bund as stocks (ES, Eurostoxx, dax) and bonds usually follow a 80/90% inverse correllation most ...

Cable Update (GBPUSD)

Market profile charting is based on price and NOT volume. The chart is basically just building up a picture/Profile of where price is trading over the course of the day. It makes it easier to identify key levels for entry and exit points for intra ...

Cable Update (GBPUSD)

I would keep pretty neutral at the moment and have no bias as it could stop you making the right decision. We are at a important point in gbp/usd at moment as you can see from the charts I posted a few minutes ago. We maybe breaking out of a price ...

Cable Update (GBPUSD)

Price Trap — As per yesterdays email the price trap has developed further and we are now testing the support region on the daily chart. The 4hr chart shows a candle closing outside support which could mean a possible break. Under normal ...

Cable Update (GBPUSD)

Daily Price Trap — There is a price trap forming on the daily chart. In theory we should be looking for a break the upside as we are in a overall uptrend at the moment. I would personally keep a pretty neutral opinion at this price level and ...

Cable Update (GBPUSD)

There has only been 2 or 3 real decent trades today....If you have been fortunate enough to capitalise on this opps...bank your profit and run I would say....the market is undecided and is giving no real direction at the moment.. Trying to force a ...

Cable Update (GBPUSD)

lol

Cable Update (GBPUSD)

sorry think you misunderstood.... my order was filled at 1.6880. So far so good....hourly trendline coming up....we could bounce of this but for the size of the rally we have had I think its more likley the bounce will occur of the 15 min trend ...

Cable Update (GBPUSD)

good short if you placed that manually...I had an order in at 1.6880. Bear in mind the Daily resistance trendline is at exactly 1.6890 by my 15 min chart.... but a short around this region is more than justified...Keep your stop tight...preferably ...

Cable Update (GBPUSD)

As per previous post the single print between 6786 and 1.68 were filled and surely enough the daily trendline resistance has just been tested at 1.6880. All longs have been exited and a short position initated with a fairly tight stoploss. The ...

Cable Update (GBPUSD)

SINGLE PRINTS between 1.6786 and 1.68 have been filled. chart 3 on previous post.

Cable Update (GBPUSD)

when you say 'Ideas??' are you refering to your chart anyalsis???

Cable Update (GBPUSD)

The daily setup is looking more bullish as the day progresses.I think we are heading to test the top of the daily trendline resistance shown on the attached chart. The pretty all round bad US data this afternoon is only going to help the cause.. ...

Cable Update (GBPUSD)

Good luck with that trade The hourly formations looks in your favour...if we can work below fridays value area and the break below the ledge at 6670 then there definately not much in the way of stopping GU from reaching 1.66 pretty quick.

Cable Update (GBPUSD)