Yep, looks like sentiment is starting to change...

Cable Update (GBPUSD)

Nice pump and dump, let's see if we can get yesterday's low...

Cable Update (GBPUSD)

K.I.S.S If there were a bullish divergence in the H1, then we would not be talking about it. It would be obvious on the chart.

Cable Update (GBPUSD)

Divergence indicators are not reliable, in this case, it gave you a signal that was invalidated by the market... I find divergence indicators most of the time useless, too much false divergences signals. I find it easier to search for divergences ...

Cable Update (GBPUSD)

This is typically a common psychological trading trap. Trying too hard to find what is not on the chart. We all do it unconsciously but we have to train ourselves to recognize it and to not fall for it...

Cable Update (GBPUSD)

Don't know where you see a bullish divergence in H1, but for me there is none... Can you be more specific ? Perhaps I should get some :nerd:

Cable Update (GBPUSD)

Wow, now that looks like rocket science.

Cable Update (GBPUSD)

Reaction at 1.9647 (or lack of), will tell us ...

Cable Update (GBPUSD)

Tried a short 1.9683, some resistance above, will add to shorts up to 1.9714 if given the opportunity, target 1.9590 and 1.9555... ( This is not a recommendation to trade... )

Cable Update (GBPUSD)

Be careful with gaps people, not all gaps are filled in a short time (could take days or even weeks), and not all the gaps are filled...

Cable Update (GBPUSD)

We still could have a bounce with the news, to establish a new lower high. Current swing high H1 is 1.9822... We'll see.

Cable Update (GBPUSD)

Ok, I'm out of patience for this week / month. I've closed all my shorts (1.9841 and 1.9768) at 1.9696. Flat now, and going for big week-end fun Have a great week-end all. Have fun, see you next week

Cable Update (GBPUSD)

Yep, I agree. But as long as we don't have a clear break or bounce we'll have to continue to and

Cable Update (GBPUSD)

We now have a validated H1 (2 points + 1 test) up trend line at around 1.9698. If we get there again, then it should serve as a guide for further trading imho...

Cable Update (GBPUSD)

Not likely imho, if it's an h&s, it should appear after a downtrend, and it's not really the case. But if we eventually get a breakout of the descending trend line, we could take the pattern to project a target, it would then be around 1.9920. Let's ...

Cable Update (GBPUSD)

Still in swing trade short for 1.9590 target, been waiting the whole week for the trade to develop.

Cable Update (GBPUSD)

All is possible ( especially with crazy cable ), so just be prepared for both a breakdown or a breakout. I'm favoring the downside too, but with so much time spent consolidating, I'm starting to have some doubts. Bulls, still have to take back ...

Cable Update (GBPUSD)

On the federal reserve web site, the speech of yesterday was the same as the one he gave the 13... url Thursday, May 29, 2008 3:15:00 PM ... The Fed chairman was largely repeating a speech he gave May 13 to an Atlanta Fed conference. ... Much of ...

Cable Update (GBPUSD)

So, that's the 7th trading day of consolidation, we'll have to get out of this range one day or another

Cable Update (GBPUSD)