I think that will happen fairly soon. I have a resistance at 2505 and another above it at 2563. However the bulls need to put in a support first so this will take a few hours. The 1 hr Flag takes it to 2527. It all depends on that support happening ...

Cable Update (GBPUSD)

NM, it simply means be content with what the market gives you without setting targets. Everyday is different and some days I just don't feel like trading at all.

Cable Update (GBPUSD)

Hi NM, I aim for anything in the black and the blacker the better.

Cable Update (GBPUSD)

Big news coming up...More violence

Cable Update (GBPUSD)

There she blows

Cable Update (GBPUSD)

Yep got that one. I have been on the AJ all week and it has been great.

Cable Update (GBPUSD)

mmm Mine was not even close to a doji, mind you I think my data comes by sea mail sometimes

Cable Update (GBPUSD)

Very funny E, I can't find a daily doji on which day did you have one?

Cable Update (GBPUSD)

That's a 38 pip flag on the 1 min or a 32 pip pennant

Cable Update (GBPUSD)

Still playing at yes no yes no on the 4hr

Cable Update (GBPUSD)

Price is now bullish on every chart to daily

Cable Update (GBPUSD)

Just coming to the end of the 4hr bar and it is above the average...Yes ,no,yes,no

Cable Update (GBPUSD)

Well the triangle failed to form looks like it is now attempting to break the lower EMA at 2434

Cable Update (GBPUSD)

Just looking at the 1hr GU and we have a possible formation taking place. However price not only has to cross the EMA without a pullback but it also has to find support above it. We already have the A point it is the B point price is working on now. ...

Cable Update (GBPUSD)

No worries D. Actually I have been trading the AJ this week and it behaved brilliantly. I closed when it made the lower low and the EMA was between those two green EMA levels. The darn thing went another 88 pips while I was asleep.

Cable Update (GBPUSD)

In the left blue box every man and his dog was thinking bottom and buying, then boom no quarter given all the stops were taken out big time. Now traders are wary and reluctant to go long so it takes longer.

Cable Update (GBPUSD)

I wouldn't call it a rule as such and it is a very slow process. Who knows they may just be taking profits and not even reversing. This is the problem, they are not going to tell you what they are doing, they decide in the board room and keep it ...

Cable Update (GBPUSD)

This pair is dog tired 109 days we have been trying to get away from this level. We break long and divergence sends it back. We break short and divergence sends it back..rinse and repeat. Neither side has been able to break this deadlock. So what ...

Cable Update (GBPUSD)

It just doesn't look like the bulls have the strength...

Cable Update (GBPUSD)

PS. That is 6 times the size of your country

Cable Update (GBPUSD)