On the daily chart we have been trading above a bullish support for several days. On the 4 hour chart we have also been trading above a bullish support also for some time now. However on the 1 hour chart we have been trading below a bearish support ...

Cable Update (GBPUSD)

I don't see any evidence at all for the 4 hr going down, in fact it has found support at 1.3013...Don't know what a 50 SMA has to do with anything. I would wait for evidence for such a move.

Cable Update (GBPUSD)

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Cable Update (GBPUSD)

3243 looks like the next level upwards.

Cable Update (GBPUSD)

So in plain English you mean AB = CD

Cable Update (GBPUSD)

Ctrl +Alt+PrintScreen Copies it to your clipboard Ctrl+V pastes it into Paint (for example) Crop your details at the the top. Ctrl+A selects the remaining cropped image. Ctrl+C copies it back to your clipboard. Then you hit the upload image in FF ...

Cable Update (GBPUSD)

Without seeing your charts and how they are set up and the reasons you take trades it is impossible to comment.

Cable Update (GBPUSD)

This week saw exactly a 50% retracement of last weeks rise....so what was the big drop?

Cable Update (GBPUSD)

So on the 1 hour the bears were able to stop the average making a high to form a roll over and find a small support at 2975 which now becomes bullish resistance. The low was a touch of the average on the 4 hour so we are still in bullish territory ...

Cable Update (GBPUSD)

As expected the bulls rested on Friday to allow the rounding of the EMA thus allowing themselves the opportunity to find a new support level which they did at 1.2997. This level is also very close to the previous average high so it is a trouble ...

Cable Update (GBPUSD)

On the 4 hour we see we have broken the resistance and retested it...There is now a huge gap to the next one.

Cable Update (GBPUSD)

So on the 1 hour the price did consolidate for most of the day dragging the average behind it to make the high. Once again an easy day to trade for 20 pips. The next resistance is fairly close at just 3039 which is almost the same level as the ...

Cable Update (GBPUSD)

It now looks like the bulls are trying for the monthly high, consolidating just below the average high allowing the current average time to catch up. I would like to see the bulls find another support before taking on the next resistance levels. The ...

Cable Update (GBPUSD)

That was an easy 20 pips and me done for the day.

Cable Update (GBPUSD)

A good day for the bulls as they finally broke the 4 hr range to the long side. However the price action seems to be on the 1 hr chart. The bulls found support at 2741 to break the 2746 resistance and ride on up to the next resistance of 2826. The ...

Cable Update (GBPUSD)

We may see a break soon from this 50 pip range.

Cable Update (GBPUSD)

On the 1 hour the resistance at 2747 is holding but we are in the Asian session so maybe not much movement just yet.

Cable Update (GBPUSD)

On the 4 hr the bulls have found support at 270 and are now trying to break resistance at 274. The next resistance is at 280 which would entail a break of the average also if the move is strong enough. Long term it looks like 1.31 is on the cards ...

Cable Update (GBPUSD)

270 was the triangle target level

Cable Update (GBPUSD)

Well yesterday turned out to be an easy trade and I didn't have to wait very long at all for the entry. Once I have placed the trade I walk away and check back later for the result...This one took just about 20 minutes for my 20 pips and that is ...

Cable Update (GBPUSD)