Hi Bones... If the swings are making higher highs and higher lows then how do you figure it to look bearish? It may well be but there is no evidence of that as yet, until price makes a lower low swing we are bullish.

Cable Update (GBPUSD)

Considering these charts it looks like I will be buying dips come the open, hopefully kicking off with a down gap to get it started. However up or down we have to trade what we see not what we think. If this is indeed the third leg of a wave then we ...

Cable Update (GBPUSD)

Yes thanks Digger and the kids had a ball catching squid though we only had three days of fine weather before the southerly blew in straight from the south pole.

Cable Update (GBPUSD)

On the 1 hour we see the price action has run from Bear support at 3257 to take out the bull support at 3068. This puts us in the ranges from 3257 to 2951 (the next bull support) We now need to wait and see which side finds support as to the ...

Cable Update (GBPUSD)

On the 4 hour chart we further evidence that the down move may have all its bullets. Price action has moved exactly from bear support to the bull support.

Cable Update (GBPUSD)

Hi Guys I am back and it looks like I have timed it nicely. On the weekly chart we have completed two waves and have bow made the 50% retracement to begin a third wave up to 1.4305. However this is a weekly chart and far too long winded for my taste ...

Cable Update (GBPUSD)

Well I am off fishing for a week, so good luck with your trading folks.

Cable Update (GBPUSD)

Well when I awoke this morning to check out the end result of yesterdays price action I see neither to bulls nor bears were giving an inch of territory and price stayed between the bears and the bulls support. I don't know why people have different ...

Cable Update (GBPUSD)

Blimey what did I say, I only agreed with Bones...am I in the wrong for that too.

Cable Update (GBPUSD)

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Cable Update (GBPUSD)

I will wait now until the end of the 4 hour... very choppy now

Cable Update (GBPUSD)

This pair is playing silly at the moment let it settle before I have another go for my third trade of the day

Cable Update (GBPUSD)

Sorry PTL but it very difficult to post in real time and trade at the same time. I saw bearish support on the 5 min chart but then I saw bullish on the 1 minute suggesting the 5 min will fail. One has to be very fast on the trigger trading these ...

Cable Update (GBPUSD)

Bingo another trade in the bank at the 1 minute level

Cable Update (GBPUSD)

Bear support failed

Cable Update (GBPUSD)

The bears just found support at 34128 if that helps... There is bull support (resistance ) at 33831

Cable Update (GBPUSD)

Well that is my work done for today..easy as falling into debt. Entry on bearish support.... exit on bullish support. Not a trend line in sight

Cable Update (GBPUSD)

Lots of chat here about what people trade and how, just for ONCE I agree with Bones. However for every problem there is a solution. I solved it by simply not reading the post.

Cable Update (GBPUSD)

Well would you look at that... A Doji on the Daily, I can't recall the last time I saw one of these. Still no sign of either side making any effort so quickies are still the name of the game.

Cable Update (GBPUSD)

The slow market has been attributed to Brexit, others think it is the Korean/US relations. I think it is because the grand final is on this coming weekend and all the money is going on the Crows to win. People are not trading because they are ...

Cable Update (GBPUSD)