I like how alot of us can be on the same page. Although on a higher time frame we can confidently say that G/U is in the process of bottoming and is also establishing an uptrend, I too believe that a sell off into 1.4330/1.4500 area (130 pip zone ...

Cable Update (GBPUSD)

Nice. Im short from 4765 and 4731, target 4575. Recent bounce was off the daily pivot. Important now to stay below and close below the hourly 21 ema then its off to the races!

Cable Update (GBPUSD)

Just the reaction we need to look for off a level! Amazing! Anyone wanting to take a shot I recommend going short on a 50-61.8% retracement back up to the highs with a stop above the high or wherever you feel most comfortable.

Cable Update (GBPUSD)

My stop was a bit wider than the last move. I kind of expected this since we didnt make a true second test of the highs. I hope thats it and we begin a nice fall towards my target.

Cable Update (GBPUSD)

GBP/USD just formed a spot-on double top. I am short from 1.4765 with stop at BE.

Cable Update (GBPUSD)

What's at 1.4792?

Cable Update (GBPUSD)

4-hour close.

Cable Update (GBPUSD)

url Friday the Bureau of Labor Statistics (BLS) will release the US March employment report. Based on the ADP employment report released Wednesday, the US labor market worsened in March. ADP reported that 742K jobs were shed by US employers in ...

Cable Update (GBPUSD)

Well, as it has been in the past now, a bad NFP has been bullish USD seeing as more job losses = we are still in a recession and its not over yet. Hence, we would hope the DOW would sell off nicely, providing fuel for our shorts. I posted a chart ...

Cable Update (GBPUSD)

We topped at weekly and monthly M4 pivot points, a 61.8% fib and some resistance looking left on the chart. Could see a nice down move from here, and I am happy to be apart of it.

EURUSD

Down we go! Short from 1.4728

Cable Update (GBPUSD)

Anyone short this double top in cable? Euro is a beauty for a short too, alot of congestion there.

Cable Update (GBPUSD)

EUR/GBP at critical support. Check out a daily. Triple bottom.

Cable Update (GBPUSD)

I agree. That 4520 area is a 61.8% retracement and a weekly pivot. We may top here for now. Who knows. We could have a clearer picture come Friday's close. Good work on the blog though. Keeps you on track with your trades. I tried doing that on here ...

Forex Rookie's Trading Journal

1 hour candle on dollar index seems bullish. Hanging man. Anyway, its news week so who really knows!

Cable Update (GBPUSD)

Re-shorted 4325

Cable Update (GBPUSD)

Me too 4400 at daily R1 and hourly OsMA bearish divergence.

Cable Update (GBPUSD)

Fresh 21 EMA cross above 55 EMA on the hourly time frame .. 4-hour and daily still show the opposite but nevertheless looking bullish. My plan... Look to buy around 1.4250/70 - daily S1 pivot - a 38.2 fib - support level looking left on the chart

Cable Update (GBPUSD)

Moving averages are starting to coil together on higher time frames (21, 55, 89 and 200 EMA). 4-hour and daily 21/55 EMAs are putting pressure on G/U from the top.

Cable Update (GBPUSD)