Price is finally now in line with momentum, which are still up on my daily chart. Watch the next daily candle for a hint at where this is going. My guess is that it follows the lead of the Euro up, but watch closely.

Cable Update (GBPUSD)

The momentum divergence from price could indicate the exception to to the rule - that this is price's second decline in a down market. This is logical in view of the rapid decline from Nov. If true, we could expect further drops in cable. Just ...

Cable Update (GBPUSD)

Cable is odd right now. I am seeing momentum divergence from the higher momentum but lower price. On further reconsideration, I will sit this triangle out. Any thoughts on this?

Cable Update (GBPUSD)

I agree with that Bones. I expect that price will break down rather than up out of that wedge.

Cable Update (GBPUSD)

Just went long with the daily break, with a tight SL. Lets see what happens. Best wishes!

NZDUSD Discussion

I am now long cable with a TP at 965, half normal lot.

Cable Update (GBPUSD)

Does anyone think this pair will break up above 797???

NZDUSD Discussion

Wow, woke up to one of my better trades of the month. That short paid off, but who knew?

Cable Update (GBPUSD)

I love this thread because it truly reflect the masses. Zero end game. Good learning experience too. Forex is much cleverer than all of us combined...

Cable Update (GBPUSD)

My view is that this pair is still ranging but is seeing resistance at the 20, 50, and 100 SMA's, which are all together now and line up with prior resistance. If it breaks, it should jump back up to at least 48 -49. If not, then down she goes to 44.

EURUSD

Went short, again, last night. I follow longer terms than many in this thread. I don't always short, just when my rules tell me to. Cable bounced off the new daily trendline formed from Nov to Jan 29. Cable now looks to be in a new down channel or ...

Cable Update (GBPUSD)

I expect cable to resume the daily down trend that it broke from this week (and blew my short), but it has some room to go up a little further. Nothing really changed that should alter the downtrend. Should be a nice drop, when it happens.

Cable Update (GBPUSD)

Ouch, SL hit. That was painful. Time to reload.

Cable Update (GBPUSD)

I look at the daily and cable has yet to break above the down trend line starting from November. Todays move up did not break that trend. If and until it breaks above that trend line, I am still short. I might lose 2% if cable bucks this trend but ...

Cable Update (GBPUSD)

My short is still alive, but my SL is almost hit. You all know how it works, your SL gets hit and then it reverses....

Cable Update (GBPUSD)

Kaboom!

Cable Update (GBPUSD)

Euro still ranging away in a clear channel with no reason to break out of it.

EURUSD

Still holding my shorts (up). Down cable dowwwwwwwwn

Cable Update (GBPUSD)

I am still shorting cable long term until something bucks this down trend. Also waiting to short GBPCHF. Down cable down.

Cable Update (GBPUSD)

yeah, but we cut more than you.

Cable Update (GBPUSD)