Primate, my alternate if I get short price action will closely follow your observation. First obstacle down is just above 9500 and then could see the low 9400's quite easily. I am in a wait and see right now to give the chart a chance to speak.

Cable Update (GBPUSD)

Yes, however the same scenario goes back to the 1st of December on the daily. This is where I get the top @ 9722. My plan, and please verify this to suit yourself, is as follows. If I can get price action on the hourly to initiate a long I will do ...

Cable Update (GBPUSD)

Cesarnc, Looking at even longer term charts your estimation of 9730 could be correct. The daily is showing a slowly descending channel that corresponds with your chart over the last 3 weeks. This channel could be construed as a bull flag as it ...

Cable Update (GBPUSD)

I am getting signs of a long coming our way. However, the signals are very slow to develop as they have been all week. I am staying flat for now.

Cable Update (GBPUSD)

No reaction ? — Yes Money Master, heard the same report. Not much reaction yet. I think it is old news being rehashed.

Cable Update (GBPUSD)

Just watching — I have had sell signals looking at me all morning. Just did not see the action I wanted to enter. Guess I should have, but a guess is not how I prefer to trade. I will stay out for now.

Cable Update (GBPUSD)

What are we doing ?? — Guys (and maybe Gals) I am a little concerned about what has been happening today. It is Christmas Day and I cannot stay away from my computer for more than a few hours at a time!! My broker is shut down so I can't ...

Cable Update (GBPUSD)

Holidays are here. — I am still sticking to my original plan which was a short under 9620. May not get it, but I certainly don't see anything telling me to go long at this point. Merry Christmas everyone.

Cable Update (GBPUSD)

Sleep ?? Not sure I remember how to do that.

Cable Update (GBPUSD)

Question — Still no definite direction in my opinion. My question is about trading next week. In my experience it is generally not worth the time. What do you guys plan to do ? PARTY or Work ?

Cable Update (GBPUSD)

Wait till US news ? — UK news was pretty benign. Rate currently teasing the top of hourly channel. As a reference, EUR/USD has been unable to break resistance also. We may need to see the US input before a direction can be established. With ...

Cable Update (GBPUSD)

Everyone should make their own assessment. Too easy to get caught in the crowd!!

Cable Update (GBPUSD)

Very Good — Very Funny. We share a common sense of humor !!

Cable Update (GBPUSD)

Probably not. I am going to let this one ride with a trail. This time of year anything can happen. Fundamentally, I think the USD may have a slight upper hand right now. My techs are supporting this, so I am going to let it play out until my ...

Cable Update (GBPUSD)

All my time frame indicators are showing a sell indication. 9530 just gave way on GBP/USD. EUR/USD is playing ball also. I "think" we see 9540 sometime soon.

Cable Update (GBPUSD)

Do "Great Minds" think alike, or are we just full of it ??

Cable Update (GBPUSD)

I had a sell order in @ the base of yesterday's Asian session also. Normally I would be confident in the move. The price action appears to be favoring the sell also. Concerned with the choppiness of it though. Therefore I have set stop @ BE with a ...

Cable Update (GBPUSD)

Maybe everybody is already mixing up the eggnog?

Cable Update (GBPUSD)

Boring !! — Jeez, this is sure a big change from last night !! I have conflicting signals right now so don't know which way to jump. Maybe should just wait for New York. Any ideas??

Cable Update (GBPUSD)

Done that — I did that for a while by running two price feeds. They caught on. Doesn't work anymore.

Cable Update (GBPUSD)