although USDX did edge lower, GU ADR is almost out, so I'd pretty much stay out for today, unless there is a miracle.

Cable Update (GBPUSD)

image Here's the H3 GU chart. The H3 long wicked reversal candle meaning that bears are unable to push the prices lower. GU seems to be hadnling the strong SR zone of 6400-6440 pretty well. Once 6470-90 area is cleared its a green light for ...

Cable Update (GBPUSD)

good spotting guys, whoever spotted the GU short, I had it on my radar, however needed to grab some sleep so missed it, anyhow USDX seems like found some support @ 73 80, the question is it a scalp line or a support line, remainds to be seen today. ...

Cable Update (GBPUSD)

more downside is available on USDX, prolly capped by 73.25. that's a time to look for some pullbacks from the insane move on GU and EU hopefully.

Cable Update (GBPUSD)

usd-bear one thing for sure claiming that someone who has an opposite opinion than yours is an idiot is pretty shortsighted. just my 2 cents.

Cable Update (GBPUSD)

Navin, I'm cool, thanks bro, ever since I got stuck here in west siberia I hardly get a chance to do some trading. that's kinda unfortunate. gimme 6400 all the way. Got some long GU now to get the supplies image

Cable Update (GBPUSD)

Hey Navin, how is it going? What's rolling? Here's a quick M30 GU chart I prepared. Supported by a sequence of 4 higher highs, above MP and WP. can't short it for sure. Also what can't be really seen is that GU broke downwards sloping resistance ...

Cable Update (GBPUSD)

ddinov with AWR of 360 max it can go to 6628, still 6460 is a strong resistance, so Id like to see at least 6400 first, with current slow moving PA my faith is about to expire.

Cable Update (GBPUSD)

image this H3 almost complete PB will reinforce shorts for sure, however I just see a lot of indecision, so prolly will just ride a straddle now. Also option-wise, a strong put level lies @ 5900 so that might be the dragging force on the ...

Cable Update (GBPUSD)

only long now, waiting for M30 candle body to clear 25 level now. PS: reason - four higher highs in a row, above WP and above MP.

Cable Update (GBPUSD)

long until 1790-1810 that's what Im thinking.

XAU/USD & XAG/USD - Gold & Silver Traders Thread

ricmaj although I tend to agree with you, on the charts you can see three sequential higher highs. I do prefer shorts myself, however PA structure kinda points to the upside. To nail that sucker both ways I got two pending orders, long above 6327 ...

Cable Update (GBPUSD)

image sure thing, here's the M5. London frequently does that V shape upon opening.

Cable Update (GBPUSD)

to me it actually looks like a decent reversal trade setup, currently ranging and slightly below WP, however once 1746-1752 is cleared I think it's a good idea to get in long. above MP and QP though, so a good sign still.

XAU/USD & XAG/USD - Gold & Silver Traders Thread

i think it's all valid points, however london prolly will do a V shape recovery before a down move is initiated.

Cable Update (GBPUSD)

yeah that's exactly london business open. very low volumes offered @ ECN, normal volumes are 70-100, currently it's 2-3 mln.

Cable Update (GBPUSD)

i figure with such liquidity not much gonna happen before LBO really.

Cable Update (GBPUSD)

i figure that 6311 was just a fake box break out, lets see though. hopefully before LBO.

Cable Update (GBPUSD)

oh, it got down to a manageable 4 pips already, keep going though. not just for that damn 47 level to get activated and we are good to go.

Cable Update (GBPUSD)

fogin crap just noticed the Dukas spread on cable @ asian. omg its 9 pips, are you kidding me?

Cable Update (GBPUSD)