I'm not holding my breath for that one

Cable Update (GBPUSD)

Well I for one think the pound is grossly under valued relative to the dollar. There is no way it should be this low, purely BS driven down to the technical lows. That last spike we just had was to gain height on the close of the 4 hour bar. Now the ...

Cable Update (GBPUSD)

Try 2588 for the longer term

Cable Update (GBPUSD)

I don't think I will ever understand how you guys plot your charts...far too complicated for me.

Cable Update (GBPUSD)

The 4 hour stopped just short of the 50% retrace so I am still cautious and have no signals as yet.

Cable Update (GBPUSD)

Is this gonna be a 1 hour pin bar?

Cable Update (GBPUSD)

Actually that is not always entirely true because we get the reversal pattern forming when price fails to stretch. Here is a chart I have marked showing the reversal formation, it should be helpful for the newbies amongst us. The average make a HH ...

Cable Update (GBPUSD)

Naw Digger I compare average to average not price to average they are entirely different fruits Lemons and Oranges, Price will always stretch to pull on the average.

Cable Update (GBPUSD)

I take half off at Target 1 Half off at target 2 and move the stop to T1 Now I am left with a quarter going for T3 with my stop at T2 This makes it a win win no matter what happens. (for the guy asking about closing trades)

Cable Update (GBPUSD)

Price will often stall like this to give the average a chance to catch up. I place much more emphasis on the average of price and not the actual price which is just noise about the average. Clearly we can see the bulls failed to make a higher ...

Cable Update (GBPUSD)

2432 is still my third target

Cable Update (GBPUSD)

The third target may not work because the bears were not able to hang on to the resistance when they broke out.

Cable Update (GBPUSD)

Here is the whole thing as I currently see it

Cable Update (GBPUSD)

Thanks I would appreciate that

Cable Update (GBPUSD)

Well I have no idea what fake outs and traps are it all looks perfectly normal to me.

Cable Update (GBPUSD)

That was a good run on the yen crosses for the first 4hr.

Cable Update (GBPUSD)

Not a lot to say really. The G/U is still in exactly the same place it was 100 days ago.

Cable Update (GBPUSD)

Price is still exactly where it was 8 hours ago.

Cable Update (GBPUSD)

At the 1 hour level this is not much use either since we are at exactly the 50% retracement level.

Cable Update (GBPUSD)

My daily chart indicates that all the current targets have been hit so we are waiting for new setups. The chart has set the range and we are dead centre of it at this time. We may find price will stick around this area for a few days until it sorts ...

Cable Update (GBPUSD)