Well I got my 20 so it can go wherever it likes now

Cable Update (GBPUSD)

The bulls found support yesterday on the 1 hour chart and have now found support on the 4 hour chart and almost straight away the bears said no no no

Cable Update (GBPUSD)

On the one hour chart we see the bears stepping down through to the supports and taking them out but they are leaving a trail of resistance levels behind so this is not a strong down move at all and it would suggest the bulls intend to take it back ...

Cable Update (GBPUSD)

On the daily we see the bulls have raised the average but the bears are now trading below it. For the bears to break the lower average it would take a fairly hefty move on the behalf probably all the way to the support at 1.249, we would see a ...

Cable Update (GBPUSD)

Looks a bit iffy to me at this time...We could see further decline to the 1.267 area to close the month but longer term indicates we are still heading north. These long range trades are far too risky for me. I much prefer to get my 20 pips a day in ...

Cable Update (GBPUSD)

Looks OK now

Cable Update (GBPUSD)

Looks like it has repeated two days of data...weird!

Cable Update (GBPUSD)

I would like to see a breakout of either the support or the resistance on the daily because this is constricting the range tooooo tight.

Cable Update (GBPUSD)

Thanks digger but I was stopped out of that trade for +256 pips, had several more since but not on this pair. It looks to me like the money is going on metals due to Trump shouting at the Koreans for letting off fireworks during fire ban season

Cable Update (GBPUSD)

Still waiting....

Cable Update (GBPUSD)

Looks like 2917 on the 1 hour chart

Cable Update (GBPUSD)

Well it finally got there... I have no further targets as yet

Cable Update (GBPUSD)

I have a 1 hour ABCD target of 3013 that hasn't been hit yet

Cable Update (GBPUSD)

Gee I had to laugh when I read this one.

Cable Update (GBPUSD)

To me this is a wait and see situation

Cable Update (GBPUSD)

Well it all looks clear enough to me... Market makes its move then retraces 50%

Cable Update (GBPUSD)

Thanks G I read that article however that is not how I use it at all.

Cable Update (GBPUSD)

What time frame are you referring to?

Cable Update (GBPUSD)

So as I awake and check my 1 hour chart this morning I see the bulls did indeed find support at 1.3034 This gives me more confidence that the triangle target will be hit later at 3184. The thing to note here is the pulse bars pulling the average to ...

Cable Update (GBPUSD)

That is fine if you are considering a short term trade counter to the trend. To me the weekly was in divergence (I had to get a chart out because I don't use such a high time frame.) Now a divergence returns the price to a DP (Decision Point) and if ...

Cable Update (GBPUSD)