I am in agreement that this support won't hold for too much longer but not taking a trade until I see some direction... So for now I'm taking Flat as my position and will see what happens in US... Off to lunch, enjoy

Cable Update (GBPUSD)

Thanks — Thanks BB... Yeah, like I said, to each his own... I can see how your plan could work and take advantage of the trend... I prefer to trade with smaller s/l and trade 3 or 4 times per week giving me the most possible profit ...

Cable Update (GBPUSD)

Got 43 pips on that... Lets see... seems like we are forming a base here...

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went short... cheers...

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Agreed, exactly the point I was trying to make!

Cable Update (GBPUSD)

Agreed — I am totally with you magix though I must say that I believe if you are trading off daily, it is possible to have a s/l of 100 pips. I trade of m15 and a stop of 25 is big for me! Trying to find good support close by will allow one to ...

Cable Update (GBPUSD)

Hey Cloggs... You gonna wait for LO or maybe put on a lazy trade for ASIA? I will check back later tonight but I need to sleep now... French wine buggered me up last night! Check you later...

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Nice one ams... have a good one...

Cable Update (GBPUSD)

Mine is just as propable mate, seeing as I have witnessed it almost 1000 times and I can now almost bank on it... Looks like we have almost reached my TP, another 10 pips to 5420... Just for interest sake, to each his own and all that but your entry ...

Cable Update (GBPUSD)

EINA! talk about drawdown, 400 pips... How do you trade Navin? not swing I imagine? Kinda pissed that I got in at 60 with my demo but closed my Live for +5 looking for a better entry and never got it... Oh well, typical newbie crap! Worrying about ...

Cable Update (GBPUSD)

I said in my very 1st post that I am still seeing us in a downtrend but that I am looking for the intraday retrace at the 50-60 level... I would expect it to go to about 5420 to 5430 area before consolodating again and then showing direction from ...

Cable Update (GBPUSD)

reckon the difference in TF is why we are having different views... Seems like PA is dead atm and might stay that way until Asia... Good Luck

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I guess so but you are also assuming your S/R will hold or break... We all working on assumptions but I don't see us having a 250 pip day today...

Cable Update (GBPUSD)

From SDR to bancor. A limitation of the SDR as discussed previously is that it is not a currency. Both the SDR and SDR-denominated instruments need to be converted eventually to a national currency for most payments or interventions in foreign ...

Cable Update (GBPUSD)

Why would you say that?

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I agree we are in a downtrend on larger TF but just used to the biatch... She usually drops and then retraces some during US or ASIA. If she does continue it will only be another 40 or so pips. This is the NORM of how I see her working. Add to this ...

Cable Update (GBPUSD)

AAAH... a women near to my heart... Agree 100%!

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Mate, france has alot of debt problems and unfunded liabilities, which is true but they are forced to cut spending etc to sort it out. Unlike the US where they just print more and promise more... The big difference between the US and Europe is the ...

Cable Update (GBPUSD)

Nah, reckon we gonna have a slow march back up and then LO 2moro will show us the way...

Cable Update (GBPUSD)

video

Cable Update (GBPUSD)