G'day mate, The "wedge" is a formation created by the price action. "PA"= price action "PVP"= pivot point... usually daily unless specified otherwise. Cheers, R

Cable Update (GBPUSD)

I could be wrong but with all the Negative News against the GBP, unless there is intervention, this should be heading south tonight and tomorrow. Oh the caveat is the US news... unless something happens by surprise on employment, GBP should drop in ...

Cable Update (GBPUSD)

Opinion? — Hi All, Am I wrong or is there a strong support at 1.50456 since the beginning of the Asian Session till now. Seems it has poked its head a couple of times through this area but retrieved back up. Thoughts? Thanks for sharing! ...

Cable Update (GBPUSD)

Hi CableBoy, Something I learnt from others is as follows. If you are looking to exit quite quickly (intraday), use the Hourly Pivot values +/- 5 pips as your TP depending if you're going long. If you don't care when you exit like interday trading ...

Cable Update (GBPUSD)

Thanks Ant for sharing your MM on 2/1 ratio. I think that's a great idea. I'm still a relatively new trader compared to most people on this forum. So any little bit helps. Cheers, R

Cable Update (GBPUSD)

Ha! I feel for you... thought I was the only one! Thanks for your honesty. Cheers, R

Cable Update (GBPUSD)

With you all the way!

Cable Update (GBPUSD)

Yeah, I agree... I don't think the daily S1 will be broke and hold for the rest of the session. Still seems like this level is where we were at on Friday before the Asian Bank manipulation where the price sky rocketed on Friday's Session. Fingers ...

Cable Update (GBPUSD)

Sorry, Just to clarify... I think all is talking bout the NYSE opening at 9.30 NY time right? Cheers, R

Cable Update (GBPUSD)

Right you are! Cheers, R

Cable Update (GBPUSD)

NY Session? — Correct me if I'm wrong but I thought the NY Session has already been open for an hour? Cheers, R

Cable Update (GBPUSD)

Short on GU to Daily S3 level - 1.49611 — Short on GU to Daily S3 level - 1.49611

Cable Update (GBPUSD)

Hi All, Quick and maybe personal question.... Anyone here dropping 20 size a trade? Please msg me. Cheers, R

Cable Update (GBPUSD)

Note that the price seemed to have stabilised in the early 1.63 area which tells me that all of this news that just came out over the last 2-3 hours is a non issue. Not much area gained by such negative news coming out of the US including the ...

Cable Update (GBPUSD)

Hi All, Just a quick question for all those large size traders. At what point in terms of trade sizes.. do you notice that you are creating majority of the moves upon execution of the trade and takes a bit longer for it to go your direction. Before ...

Cable Update (GBPUSD)

FA for US is Bad news but... — Hey All, Just a quick thing I noticed... The news for US on core retail etc was bad however what I noticed on my chart was that the move generated from this negative news is: 1. already catered for in yesterday's ...

Cable Update (GBPUSD)

Hi Shad, Not saying you are wrong or anything but would like to understand something. If it was me, I would draw the Short Term Fibonacci levels betweem the 10th candle from the right and the 2nd candle from the right... that's what I did as well. ...

Cable Update (GBPUSD)

True it could be investment banking bs but hey... who moves the market?

Cable Update (GBPUSD)

Looks like the Bears are clawin back now... still slow but its there. Hope it goes back to low 1.61... That's where I think the fair value is based on whats happened today... The bull today happened but no real fundamental basis for such a large ...

Cable Update (GBPUSD)

Thanks slick.. makes sense... good use of volume.

Cable Update (GBPUSD)