News coming... I can't watch. image

Cable Update (GBPUSD)

Cable daily has broken south of the ascending Guppy profile, retested north and created a pin yesterday, and now shows signs of dropping back down. (This has not been the case, for most of the PAs of similar behaviour, for quite some weeks now.) ...

Cable Update (GBPUSD)

Totally agree with that... and why, perhaps, things are so phucked up.

Cable Update (GBPUSD)

Agreed...but. In a broader evaluation, what is the median price of property being made available; who are the purchasers; how much debt is being agreed to; and where in the UK are these purchases being made? The questions could go on, but for most ...

Cable Update (GBPUSD)

Hmm, something to think about, but such things require a commitment that often cannot be promised. …I may also, in the process, be wandering off into literary obscurity. (Which for some, may be welcomed!)

Cable Update (GBPUSD)

Hi Chris, Thanks for the agreement. Nice to know that some read my musings - if not my book, which for those that have not yet noticed, is linked in my signature at the bottom of this post. (Hey, nobody can blame a guy for trying!) I’m trying to ...

Cable Update (GBPUSD)

image Sedition. It’s a lovely word, and packed full of potent punch. It’s also a dangerous concept that, left unchecked, rises quickly, and takes most by surprise. I was in Bangkok at the beginning of this month – my little suite high above the ...

Cable Update (GBPUSD)

If I look at daily charts for the other instruments that I monitor for my Cable trading, I would say the EG is on a southerly path. Likewise, I would state the same for EU. Regarding the FXCM Dollar, it may well be that the recent southerly push is ...

Cable Update (GBPUSD)

Cable_My four charts’ worth_31.05.14 Monthly: Hmm, twice now, Cable has failed to close above that 76.4 FE; with the month just closed being seemingly bearish. I also see a failure for the red MAs to invert north – yes, it takes time on a monthly ...

Cable Update (GBPUSD)

Hmm, if I had a garden that big, I feel sure that I would no longer need to try and scrape a second income together from trading.

Cable Update (GBPUSD)

...and I lubricate the work with a little glass of rose.

Cable Update (GBPUSD)

...the problem at the moment is it is spring, and so this grass just keeps on coming! I'm up to a cut a week at the moment, and it's costing a small fortune in fuel - I have to use a small tractor-mower if I want to get through it in a day. Yes, ...

Cable Update (GBPUSD)

Hi Carlicus, Currently sitting on my hands - missed yesterday's drop on Cable, and so dropping lots of coffee down my throat instead. I want to see where PA for Cable and the Dollar position themselves on Thursday - prior to the news out of the US. ...

Cable Update (GBPUSD)

I never disregard alternative opinions. What I will add to your observation is that on the daily, PA has rested upon the last of the slow MAs of the Guppy profile, and that Cable has a nasty habit of using this as support. As we have seen, the trend ...

Cable Update (GBPUSD)

I... erm, well... oh, forget it - you'd all think I was a sicko if I typed down my thoughts.

Cable Update (GBPUSD)

Gents (and any Ladies), let's not forget that it is a bank holiday in the UK and the US. If any PA is going to impress, I would suspect it will be algo-driven. However, the upset in the European elections this weekend may have convinced the clearing ...

Cable Update (GBPUSD)

I can think of no better person to start with than TheLastCoke. His first post on this thread here is, in my opinion, an absolutely brilliant place to start to learn. And this little chart here is an excellent quick-reference illustration. I have no ...

Cable Update (GBPUSD)

Hmm... so far France, Denmark and Austria have rejected the farce in Brussels - European elections - and it is said that the Uk will follow suit. Should make for an interesting announcement(s) from Draghi over the next few days - with the powers ...

Cable Update (GBPUSD)

The weekly and daily charts for the four instruments that I am watching present a slightly different picture for the shorter term potential for trend changes. For Cable, it would seem that the weekly Guppy profile still holds the potential to ...

Cable Update (GBPUSD)

A lot of chatter over the airwaves concerning trends, shifts in trends, and where instrument PAs may be heading for the summer. When I look at the monthly for Cable, I see a top-out on the 76.4 FE, and a possible need for a correction south – in ...

Cable Update (GBPUSD)