Yeah def too good to be true, look at the posible H&S, looks very nice now! I can almost hear it starting to tumble down now lol And Happy St Patricks day!

Cable Update (GBPUSD)

Yeah cable is well supported at 3950 but i feel the same way about the Dow it looks like its ready to tumble, possibly carving out at HS? If the dow comes down 3950 will break easy we then have 3880 and ater that the picture is no longer bullish at ...

Cable Update (GBPUSD)

3950 is strong support area and good place to go long from but I dont personally see it holding out as equites are in my opnion positioned for a fall

Cable Update (GBPUSD)

The news was mostly good sending equities higher and cable bouncing off support. However the news wasnt fantastic and I would be surprised if it was enough to turn around the bearish sentiment in the market already today but we'll have to wait and ...

Cable Update (GBPUSD)

[quote=Barny;2608560][quote=PipLand;2608532] yeah im seriously thinking about loading up some long term longs around 3500 level. I would be very surprised if this goes on until november but stranger things have happened. If we dont break out of the ...

Cable Update (GBPUSD)

lol I was just about to say I dont expect it today until i looked up at my screen LOL

Cable Update (GBPUSD)

[quote=Barny;2608504] Your welcome Barny! In short cable is still correlated closely to the Dow. The footsie and the dow tend to mimic each others movements during the day. I also believe many trading desks are now looking to sell the dollar longer ...

Cable Update (GBPUSD)

Morning everyone. My view is unchanged from last night i expect further weakness in cable, heres why. 4hr Bearish engulfing, huge rejection from 4100 area on the 15min forming a pin. The footsie is stalling out forming a H&S s can be seen in chart. ...

Cable Update (GBPUSD)

No worries we know where it should be Your right we might fill the gap in the daily we might need a little run up to break 4050 its proving good support. Although the chart is very bearish I would also like to add that with current dollar ...

The WoRmHoLe

4hr looking quite bearish, anyone planning on taking a long off this??? im still holding a short for now, 3650 possible target we shall see. I reckon theres a few stops under 4050 at the mo

The WoRmHoLe

yeah def need to get higher to add any shorts on otherwise its pretty risky. When/If we get lower i'll be looking for longs. I think a deciding factor will be if the Dow breaks 7350 or not, at the moment its showing strong resistance at that level.

Cable Update (GBPUSD)

I think the price will come down further still, but i sure wouldnt blame you for taking profit after seeing those last 2 15min candles!

Cable Update (GBPUSD)

Bear in mind that EG has also broken back up through resistance and this will weigh on any advance in the £ in the short term

Cable Update (GBPUSD)

Im with you on this one! Sentiment is down from bad news once losses/profit taking starts to pick up then it can accellerate very quickly, were coming off of a weekly high in stock markets some profit taking was already expected at these levels even ...

Cable Update (GBPUSD)

If shares rally on the back of that news out of the US i will eat my hat! guess were heading down down now

Cable Update (GBPUSD)

Good stuff! nah im not considering going long just yet either i think the equity rallies could turn around soon and head lower

Cable Update (GBPUSD)

Hey Wormboy hows it going? Nah no calls yet, normally i would look to be playing a short from here but the broad dollar sell off has me concerned, the direction of equities also has me confused at the moment, how bout you?

Cable Update (GBPUSD)

Morning guys, equities retreating, oil diving, and dollar selling off! Strange morning. Another correlation out the window then? or will traders realise soon and start buying it back?

Cable Update (GBPUSD)

Hey rgitt05, just having a browse of the thread, nice post, im with you on this one! when we get to test the lows again im watching for PA ready to load up some longs with a view to adding more on the way! cant remember the last time i actually got ...

Cable Update (GBPUSD)

Yeah its means the H&S I posted earlier will still be in play then lol

Cable Update (GBPUSD)