I would assume everyone took the trigger. As patience pays on the entry, so it will on the exit !!

Cable Update (GBPUSD)

We can not dictate to the market. We must be patient and take when it decides to give !!

Cable Update (GBPUSD)

Hello Guys and Gals !! Posting about this time of day seems to be becoming a habit. Just what I need, one more vice !! I try to elaborate what I am seeing as I make my plan for the next trading day. My hope is that my observations will prompt you to ...

Cable Update (GBPUSD)

I think that is it for me. I am staying flat awaiting more decisive indications. Going to play awhile and check back when Asia gets up and running. Been a very good day. Don't want to mess it up now !!

Cable Update (GBPUSD)

I am between the pier and harbor in Oceanside. ( North San Diego) And yes, the weather is wonderful !!

Cable Update (GBPUSD)

Weekly support is at 9496. This is a calculated # so I feel it is fairly accurate.

Cable Update (GBPUSD)

The line is at 9485 on my chart, but these can be off a bit because of the scale on the longer term charts. I would think it would not be below 9470 or so.

Cable Update (GBPUSD)

I am not sure sleep is in my vocabulary!!

Cable Update (GBPUSD)

Couple of points here. Make of it what you will. The move today has so far stopped at a weekly support and also a significant trend line I have been playing off of (as both support and resistance). This trend line originates in Sept. 2005 so it is ...

Cable Update (GBPUSD)

Guys and Gals, I closed 2 lots out for a 90 pip profit each and have 2 still running with nice profit locked in. I think I can sleep well for a couple of hours before NY comes on board. Good trading everyone !!

Cable Update (GBPUSD)

Monarch: Yes, I saw your posts in the cable thread last night. I typically use technicals also. Generally search the weekly,daily, and hourly charts for any interesting patterns. Do some trend line breaks also, which I think is very closely related ...

Elliot Wave Trading

If it makes you feel any better all of my indications are starting to sag down again !!

Cable Update (GBPUSD)

Monarch; Looks like you used your post # 500 and then some!! Congratulations !! This thread is Elliot Wave Trading. Is this the method you are following to make your comments?

Elliot Wave Trading

We also have a nice ascending channel formed by the Asian session. On the 15 min. chart it is about 30 pips deep. I have seen this setup initiate a short many times. It is generally good for at least a decent fibo. retracement. I've said this ...

Cable Update (GBPUSD)

Leugimp: 9750 and 9718 look like excellent #'s to trigger a decision. They also coincide closely to the Asian range. I think we will get a direction soon.

Cable Update (GBPUSD)

Come on Enzo, at least tell us it is a secret indication, not just a W.A.G !!

Cable Update (GBPUSD)

Moonchild; I agree with your assessment for the short term. I have a weekly resistance calculated to be just shy of 9750. If we had normal activity I would definitely be looking for a pullback of some sort. As of now, still on hold at least until ...

Cable Update (GBPUSD)

Hello Guys and Gals !! Following is my take on the current USD/GBP state of affairs. Yesterday's price action, or lack thereof, has taken the rate out the top of a descending channel on the daily chart. This break out roughly coincides with a ...

Cable Update (GBPUSD)

I also think the shorts are not going to work. I got out with minimal damage. I am calling it a night and will re-group tomorrow when more info is available. Have a good night Guys and Gals.

Cable Update (GBPUSD)

If 9700 gives way I think we have no way to go but up. Channel is broken on my charts, but the #'s can be off a bit on the longer term charts.

Cable Update (GBPUSD)