4998 is the low according to my broker (FXCM). And yeah it would be nice to see it contained within 1.50 to 1.51 ... Here are a few scenarios to consider. 1.) Price could re-test 5070/90 and setup a short. 2.) Price could break back above this and ...

Cable Update (GBPUSD)

I knew it had to be something harmonic! Nice. It supports your long and may make for a better price to short off of for anyone bearish.

Cable Update (GBPUSD)

bullish or bearish?

Cable Update (GBPUSD)

We did but since I want to short that's the only region I would consider since there is some overlapping resistance. Hopefully it gets there, if not then I'll play a break below 1.5 If you look back, pound never just turns and falls off a bigger ...

Cable Update (GBPUSD)

If it breaks then we could probably see 4830/50.

Cable Update (GBPUSD)

A retracement to 5070/80 is my plan to take a short. This is 38.2/50% of the current move plus in the region of resistance and a broken trendline.

Cable Update (GBPUSD)

Support at 1.500 .

Cable Update (GBPUSD)

Little update. My original short from 5150 was trailed to +50 and stopped during the mark-up in price going into london. Here is a quick chart. Price broke 5150 but did not close above and produced a nice shooting star doji, yet another bearish ...

Cable Update (GBPUSD)

Yeah I am also looking to take a long position in USD/CAD as well .. Will know more after this week is over. Its bed time. ciao.

Cable Update (GBPUSD)

I really think this rally in equities and currencies is ending soon .. After this week, I see red.

Cable Update (GBPUSD)

I don't count waves .. I see a double top in the making ... hence I called shorts off 1.5150 The logical thing to do now is short 1.5150 if it gets there or buy a breakout above 1.5150. To the downside you can find an hourly trendline and play with ...

Cable Update (GBPUSD)

Were you trying to buy at this level?

Cable Update (GBPUSD)

!!

Cable Update (GBPUSD)

Did you get back in 5150? Yesterday's short from there worked out nice eh!

Cable Update (GBPUSD)

Some analysis into London. url

Cable Update (GBPUSD)

Very true. Looking at EUR/GBP is tricky though. If E/G is rising, but USD is very weak, then we wouldn't expect much movement in GBP/USD. Rather, we would expect EUR/USD to rise. EUR/GBP can be used as a nice indicator of which currency, EUR or GBP ...

Cable Update (GBPUSD)

I liked your post just after mine. I just didnt like his attitude. So none of my bickering was toward you. It's actually nice to have two opposing views (i.e. a bull and a bear case) in here that way both sides can get their daily dose. Sorry to all ...

No Brainer Trades

I took a short at 5150, SL 5165. Ive been staring at the screen too much for now .. I'll be back in a bit. Good luck and use a stop loss!

Cable Update (GBPUSD)

Post that indicator pleaseeeeee

Cable Update (GBPUSD)

Ya saw some good news there. All currencies had a little boost. The world seems to be finding some stability .. maybe! lol

Cable Update (GBPUSD)