Been away for a few days and see hardly any progress has been made, the bulls are still holding position on the daily about a 150 range.

Cable Update (GBPUSD)

Well despite the FOMC being positive for the bears...nothing really happened to the daily holding pattern. Had the news been bad then we would probably have seen the bulls make the average high by now. I certainly wouldn't be long term short until I ...

Cable Update (GBPUSD)

Finally after 92 hours have the bulls found support?

Cable Update (GBPUSD)

The market has been extremely flat so far today, this makes me suspicious we are in for a big session soon, maybe even two sessions.

Cable Update (GBPUSD)

Still plenty of opportunities to take 20 pip trades... Selling tops and buying bottoms. On the 1 hour chart above you see I have my 20 pip box which is actually 22 pips to allow for spreads... just compare to price action and see the amount of ...

Cable Update (GBPUSD)

Neither side managing to find support...

Cable Update (GBPUSD)

Daily still in its bullish holding pattern...

Cable Update (GBPUSD)

Good morning Bones. Probably a couple of hundred... From where the other guy shorted that was a 50 pipper or so (yellow circled)

Cable Update (GBPUSD)

These impulse bars (for want of a better name) tell us the average high is going to be tested because the price has close above it. Of course price has to make a much HH to pull the EMA up so much. At the current level of price it can just sit there ...

Cable Update (GBPUSD)

Sorry TG I had to remove and re apply it....forgot to crop

Cable Update (GBPUSD)

image

Cable Update (GBPUSD)

Yes and each pull back is a handy number of pips

Cable Update (GBPUSD)

Not sure I understand this....are you saying over 100 bars do not have wicks

Cable Update (GBPUSD)

I think you have a good point here but alas on the lower time frames it may just drift sideways a while longer. On the 1 hour the Ema has reached level so it depends now how fast the bears can move down to stop the EMA rising more. For me this would ...

Cable Update (GBPUSD)

No I am done for the week///That is why I am chatting a lot

Cable Update (GBPUSD)

yep this is going to be interesting

Cable Update (GBPUSD)

There you go may the force be with you, straight through your old TP. Watch the 26 EMA as it tries to break the previous EMA high thus price makes the high also, just mathematics. Price pushes and stalls pushes an stalls all the time dragging on ...

Cable Update (GBPUSD)

I think it will go much higher so I would NOT set a TP just keep moving the stop.

Cable Update (GBPUSD)

Yes well I stopped trading the triangles because I couldn't see any... Now I see why because this one was so big.

Cable Update (GBPUSD)

I was a happy chappy but now I am a bit peeved. This triangle was a 400 pipper and you don't get many of those in a year. The idea is to get a trade on at the break and leave it alone to protect all the other trades taken on the journey. I know you ...

Cable Update (GBPUSD)