image CABLE currently at the upper edge of a down channel that has been forming since Sept/Oct. of last year. If it can get past 1.5930, then it will keep going for quite a while. If not, then downwards ho!

Cable Update (GBPUSD)

That is the trend line I was trading off yesterday evening and this morning. As you said, however, there is considerable resistance at 1.5880 and CABLE has yet to touch the 1.5925 from a couple of weeks ago. I was in at 1.5840 but have exited now as ...

Cable Update (GBPUSD)

Patience has been somewhat rewarded — Some good trades last night and today. Went long yesterday at about 9:30pm GMT at 1.5820 as CABLE bounced off a steep but strong uptrend, with a 60pip S/L. Out this AM at about 9:00 at 1.5855. Have ...

Cable Update (GBPUSD)

Request for conversion of MT4 to eSignal — Folks, I am trading with CMC Markets and using eSignal for my market feed (and because the charting on CMC is so awful). Could someone please tell me how I convert the MT4 signals that you guys are ...

X-Man's Super Simple System

1.5730 — The S/R line of 1.5730 (+/- 10) has always been a difficult one for me to trade. When I think it will hold, it doesn't; when I think it will be breached, it is like a brick wall. Thankfully I have managed to trade a small profit by ...

Cable Update (GBPUSD)

Has hit very strong S/R line of 1.5860 (+/- 5 pips) and stalled. The next upper-bound downtrend that I have suggests Resistance at 1.5895, which is the lower limit of my next strong S/R line of 1.5905 (+/- 10 pips). If it gets through that, then the ...

Cable Update (GBPUSD)

Only realistic downtrend has an outer limit of 1.5800. If it peaks above that today, then my earlier assertion that it will get above 1.5860 and then up to 1.6000 holds. If not, then heading back down tomorrow and into next week.

Cable Update (GBPUSD)

Yesterday was week low — Cable peaked last week at 1.5925 and has been falling ever since. It has got through the strong S/R line of 1.5730 (+/- 10 pips) and remains below it. However, has rebounded off lower limit of next strong S/R line of ...

Cable Update (GBPUSD)

Cable playing up!! — Excuse my short note. I realise that this forum is for people who wish to trade, learn, swap ideas etc. However, I hope that I can be allowed one "moan". I am finding Cable to be bloody difficult these last few weeks. The ...

Cable Update (GBPUSD)

Sorry that I am keeping you awake. It seems unlikely that 1.5435 will be hit today, much less 1.5420, 1.5410 or 1.5400. The 1.5465 S/R line (which is also the week low) is proving very strong. I appreciate, however, that having somebody disagree ...

Cable Update (GBPUSD)

1.5435 SL — Consider moving your TP to 1.5435, as this has been a strong interim S/R line going back to Nov. Good luck with the trade!!

Cable Update (GBPUSD)

MPC Statement — Getting too close to the 12pm MPC statement. Big news may push it past the three week support line of 1.5860. Next major support lines are 1.5800 (+/- 20 pips) and then 1.5730 (+/- 10 pips). I will enter a long of €5 per pip at ...

Cable Update (GBPUSD)

Thanks for your help on loading up charts. Indeed, the word should have been "retirement" and not "returement".

Cable Update (GBPUSD)

Kaspopsicle, Not sure that I understand your question. Would be delighted to answer if you could rephrase or expand a bit more. Cheers.

Cable Update (GBPUSD)

As so often happens, the idea was right, but it took a lot longer than I planned! My original trade of 1.6008 (with a SL of 1.6070 and a TP target of 1.5915) was a good trade. However, the whipsawing today was very difficult. Have made a few ...

Cable Update (GBPUSD)

Looks like I was wrong re the strength of the 1.5950 (+/- 5 pip) S/R line. Sold at 1.60080 and have eventually bought at 1.59776 for a 30.4-pip gain for the day. However, this was on a 1/4 strength trade (i.e. one quarter the amount that I should be ...

Cable Update (GBPUSD)

Updraft out of wind? — Looks like the updraft that has carried Cable from 13-month low of 1.5330 (+/- 10 pips) to 1.6000 (+/- 20 pips) might be over. Next serious S/R line after 1.6000 is 1.6060 (+/- 5 pips), followed by lesser S/R line at ...

Cable Update (GBPUSD)

Breakout beyond 5780 — If Cable breaks below 5780, next Strong S/R line is 5730 (+/- 10 pips) and beyond that is 5655 (+/- 5 pips). Unfortunately, my records kind of dry up beyond that level!! If breaks above 5840, then next Strong S/R lines ...

Cable Update (GBPUSD)