What happened to the GOOD OLD DAYS when the GBP hit the TOP of the H4 Trend line and it went DOWN, then when it the BOTTOM of the H4 Trend line, it went UP?

Cable Update (GBPUSD)

Updated Charts of M5 and H1, following on from the Strength Exit indicator.

Cable Update (GBPUSD)

Copy of my H1 and H4, the Blue x is the Strenght Exit signal, indicating that the run down is finished or close to it, they are not 100%.

Cable Update (GBPUSD)

Very nice DROP. My charts have a Strength Exit signal on the H1 and H4. This run down is normal from a NEW HIGH. I made my 150 pips this morning so not giving anything back at the end of the week.

Cable Update (GBPUSD)

1.60 a week ago was totally unbelievable but today, totally, even for a short time. It is a Phyc point and I am sure there are lots of Sell orders in at 1.60. I know that I have one. :-) I have also noticed that in normal trading, except for Mon to ...

Cable Update (GBPUSD)

I have noticed that since we have been in an UPTREND from 1.3700, that every Thursday, for no real reason, the GBP goes to a new high and then on Friday's, it drops, just as it did last Thursday and Yesterday. Last Friday, we saw a 200 pip drop on ...

Cable Update (GBPUSD)

Thanks GlobalMacro

Cable Update (GBPUSD)

S&R ?????

Cable Update (GBPUSD)

Just closed with +3 pips, will wait until Treasury Sec Geithner Speaks and look at it again.

Cable Update (GBPUSD)

Just took another Sell at 1.5680, just above my Mid Point Line so will see if I can get another 30 pips and the US Stock market has opened 70pips down already and expecting it to drop during the day.

Cable Update (GBPUSD)

Yes, I had my own laugh as I was typing and my previous trade was 20 pips so I guess an average is 30. and WOW, look at GBP going up now, was lucky to get out in time.

Cable Update (GBPUSD)

Just closed my Sell at 1.5628, this is just too slow moving for me and don't want to get caught in an hr with Treasury Sec Geithner Speaking. Banking 40pips in this market is good for me.

Cable Update (GBPUSD)

Does anyone follow the FTSE and the DOW when they trade the GBPUSD? Both the FTSE and the DOW have droped all day and are still droping but the GBP is staying still or not droping as it would normally.

Cable Update (GBPUSD)

True, no movement on the GBP except a run back towards Mid Point @ 1.5675 on my charts where there it seems to be no more buying so might bounce down again.

Cable Update (GBPUSD)

Dow is droping fast on the Unemployment Claims and not sure why the GBP isn't following it. It usually does. I have a Sell Signal on my H4 chart so took a Sell at 1.5668 along with you guys. Does anyone follow the connection between the DOW and the ...

Cable Update (GBPUSD)

Cable will drop as soon as there are no more buyers and Traders start Selling again. The question is, at what level will that happen?

Cable Update (GBPUSD)

I have found, just as an observation that Every Friday, there is always a RUN up before closing. I always take a SELL, yes, never a BUY. On Monday's, there is always a run down, don't know why but always happens. Usually in Asian Session but today ...

Cable Update (GBPUSD)

Morning everyone, I see my TP closed on my Sell, nice start for the week. Keep an eye on this strategy as I still havn't had a failure.

Cable Update (GBPUSD)

I always take a sell 15 min before closing. My current Sell on Friday is at 1.5235 with a TP at 1.5135 so lets see how it goes on Monday. I have also noticed that on Mondays, there is usually a 300 pip movement on the GBP so I am expecting it to ...

Cable Update (GBPUSD)

It is very common for the GBPUSD to open on Monday's 200pips down. Usually, it is 50 to 100 pips but I have seen it over the past 18 mths opening 200 pips down. I always take a Sell on Friday night, just before closing with a 100pip TP on the entry ...

Cable Update (GBPUSD)