I took a short @ 9660 expecting the line to hold. Again, we will see !!

Cable Update (GBPUSD)

We are getting VERY close to coming out of the channel/and/or/triangle on the daily. I am showing the top resistance of it at 9660/70 area. Also have weekly resistance calculated around the same area. We shall see !!

Cable Update (GBPUSD)

Monarch, RE Daily GBP/USD. I appreciate your input to this thread. As we all share, we all gain knowledge as well. I have been monitoring the forming triangle as you have. As you stated, the probability would be with a break to the topside as the ...

Cable Update (GBPUSD)

I haven't seen the number for the equity withdrawel, but mortgage approvals were up quite a bit. It appears it was a non-event anyway !!

Cable Update (GBPUSD)

Not sure how much weight it carries. I would think if the number varies from expected by a good margin we could see a hefty move in a thin market. Just my thought. Not really sure.

Cable Update (GBPUSD)

Agree. It just might go back up.

Cable Update (GBPUSD)

I get the impression there are not very many players in the game tonight. I suppose if this is the case we might see some really exaggerated moves. Which way? I am not really sure. My earlier scenario played fine until this drop from 9670 caught me ...

Cable Update (GBPUSD)

Well, my hat is off to everyone selling. I certainly did not see that coming. Thanks for the info.

Cable Update (GBPUSD)

Leugimp, thanks, I will keep an eye on that and see if it fits with my technique. Thanks again, always willing to learn !!

Cable Update (GBPUSD)

Pray tell, am I missing something? Everyone seems to be "sold" on "selling" Earlier today I was talking about flattening around 9600 or possibly retreating to 9560/70 before turning long. This said, I can follow to our current position. Also, as ...

Cable Update (GBPUSD)

And in response to your signature Money Master, The Answer Is "YES" !!

Cable Update (GBPUSD)

From my experience straws only increase the effect of the false illusion !! More to the point, I must take a break. I have seen nothing to change my initial impression but only time will tell. I will make final evaluations just prior to EZ open as ...

Cable Update (GBPUSD)

Money Master: Always try to be polite: I.E. acknowledge there are many good traders that comprise both sexes. I appreciate you say I might be using EWT. Studied it extensively and found my small intellectuability was only able to interpret down to a ...

Cable Update (GBPUSD)

Hello Guys and Gals, Been out of the loop a few hours but really like the way the charts are setting up. Longer view is cable still confined in daily descending channel. As reference EUR/USD broke out up and is currently doing a re-test. Cables ...

Cable Update (GBPUSD)

graph to explain my target Quote: Cerbera I have been watching the same chart as well as the daily. As I mentioned earlier I was in long but opted to exit as the picture got so undecided. I see no compelling reason to enter either direction for now ...

Cable Update (GBPUSD)

Would you care to enlighten us as to your reasoning? I see no indication to entice me either way. I was long from earlier but closed it when I caught it positive a few pips.

Cable Update (GBPUSD)

For Sure !! I got kicked into a long position and now it has come back and left me looking at my entry price. A lot easier on the eyes if they stall in profit instead of break even.

Cable Update (GBPUSD)

Well, my plan got kicked into action. We will see how it progresses.

Cable Update (GBPUSD)

but if you really look for alot of these classic patterns, you will find they are everywhere and most of them fail or continue under many complex variations. Quote: Leugimp I totally agree with you. You will notice I mentioned they are very ...

Cable Update (GBPUSD)

I have studied patterns quite extensively. However, I have found they are very subjective just like everything else in this business. If we use "The Book" figures on the daily Bull Flag we get a target somewhere north of 2.000. I certainly would not ...

Cable Update (GBPUSD)