I fouled up my analysis yesterday. This is what stop losses are for. hindsight is always a good teacher though. looking at how price is straddling now, it would have to dip below yesterday’s low for a bull trend to kick in. Selling resumes…

Cable Update (GBPUSD)

If my analysis was correct (which it isn't always), then the daily high was put in during asia. Price is just mucking about now before going down. Having said that, if we tap out a new low in the US session, I have a feeling that buyers will make a ...

Cable Update (GBPUSD)

Problem with hydrogen is storage. It uses more volume per equivalent of natural gas, meaning that it is not going to make it cheaper than natural gas to transport. So the economics of it is out of whack unless someone develops a way of compressing ...

Cable Update (GBPUSD)

price showing no signs of stopping on the way down. Looks like it's sell on any pullback. I anticipate an end to the run somewhere down below. The way this level is being structured, given the previous drop, means that a tap under any stable-looking ...

Cable Update (GBPUSD)

GBP down at a new level today. On closer analysis, the last level just didn't pull back far enough to make me want to short, but there was a pullback, probably put in on the way down so as not to have to go back up unnecessarily. Let's see if we end ...

Cable Update (GBPUSD)

triple-tap. OK. Market is really building positions short. Staying out of this.

Cable Update (GBPUSD)

Indeed tomorrow is a day full of red news. Today is just calm before the storm.

Cable Update (GBPUSD)

pulled the buy trade off for some scalping pips. It hasn't progressed. It might want to triple-tap the low.

Cable Update (GBPUSD)

I agree with 1850 being a decent buy target. This range doesn't have a top edge yet, and if it's going to trap volume up top for an increased drop it's going to have to pull back and wind up for the US session. Having said that, if price decides to ...

Cable Update (GBPUSD)

double-tap day. Looking for a buy opportunity here.

Cable Update (GBPUSD)

I suspect a pull back early Monday until US session, failing that, an extra tap at a new low should confirm one. I can't really see a pullback being anything more than shortlived though if price pulls up past 1.1927 we're going to range for a bit ...

Cable Update (GBPUSD)

There was a tricky move out of London. Price will keep dropping to US session at earliest. From there we should get a pullback. Just how big a pullback will be debatable. Given the huge move down here, I'm guessing it won't be much of a pullback. ...

Cable Update (GBPUSD)

So I screwed the pooch again thinking that price had to get above 2141. There's a reason why it didn't have to go back there, and I think it had everything to do with two factors. 1) The move up to 2141 already cleared stops up there. 2) The stop ...

Cable Update (GBPUSD)

I think we might trap up early next week and then slide on down again for the rest of next week. But we will see. For now we're going up. Should pass 1.241

Cable Update (GBPUSD)

Waiting for this to drop in US session to get in a good long entry. We are done at this level. Time to rise.

Cable Update (GBPUSD)

Hmm... I don't like how things look at the moment. Hopefully there will be a pull back to 1.2 where I can jump on. Highly dependent on when/if that occurs. Either way I don't think we are going any lower.

Cable Update (GBPUSD)

You entered way too early. It sure did look like it was going to make a small grab there, but there are reasons it didn't pan out. Where we are now looks like a safer entry however, but I would like to get in under 1.2

Cable Update (GBPUSD)

This is probably contrary everyone else on the group, but I'm suspecting that current price action is setting us up for just that. I will wait until London, but it's looking like we're done at this level.

Cable Update (GBPUSD)

Careful....

Cable Update (GBPUSD)

Trader stops... yummy yummy. Some nice selling this morning out of the asian session. I wonder how deep they're going to go beyond here? I'm guessing, not very much. We will see.

Cable Update (GBPUSD)