Excellent, the trap is set then! Will be a nice shampoo formation if it plays out... perfect for tomorrow's "expected" move.

Cable Update (GBPUSD)

I was looking at this TL as a target.

Cable Update (GBPUSD)

I'm sensing one final push up... Closed half of my short from 5257 rest at BE+2... Let's see....

Cable Update (GBPUSD)

USD ADP Non-Farm Employment Change image -693K -495K -476K image

Cable Update (GBPUSD)

It would be the dream position to hold till tomorrow. I have been flat all day on cable waiting for this high. I'd be very suprised if price manages to go through 1.52, but if it does I will be looking for the short at 1.5250 Mind you if this ...

Cable Update (GBPUSD)

It's not up to me but up to the chart... if there is no retest I will not take the trade. Besides, today, I am mainly thinking of a good setup to sell hopefully keeping it for tomorrow

Cable Update (GBPUSD)

Euro/GBP has broken the support at 9125 and has closed below. Expecting a retest of that level, hopefully will act as a good resistance, and then take a long on cable.

Cable Update (GBPUSD)

Had you asked this question an hour ago, I'd probably say yes with that pin on the 1H TF. BUT if the current 4H candle closes (Alpari feed) as Bullish Engulfing we will probably see price going to 1.487X as a first target where a Fib lies.

Cable Update (GBPUSD)

Thanks steelhead, it's my working chart, I like it as naked as possible. Makes it sexier! The charts provide us probabilities. NEVER certainty.

Cable Update (GBPUSD)

It's always a bad time to be greedy... It can go either way... 1H Cable:

Cable Update (GBPUSD)

The only advice I can give you is not to open a position without knowing your TP area

Cable Update (GBPUSD)

The weekly pin on E/G will put some pressure on the downmove of the pair. Given that it was formed during the holiday period I don't trust it much. The correllating movements between the Eur/Gbp Eur/Usd and Cable have been really helpful ...

Cable Update (GBPUSD)

Happy New Year — Happy New Year everybody. Wishing you all a healthy and prosperous 2009. I also wish I could extend this wish to a peaceful 2009, but that would go against the current beliefs of world leaders who insist on waging wars to ...

Cable Update (GBPUSD)

Happy Holidays!!! — Well guys... That's it from me for 2008! I just left a 5 star ski trip on the table on EUR and feeling disgusted with myself... Oh well... at least I had a go on the jackpot... (grrrrrr) Still green for the day ...

Cable Update (GBPUSD)

I am also waiting to reach that trend line but that 1h 62ema will be tough to crack... but with Eur/Gbp going all time highs... hmmmm

Cable Update (GBPUSD)

Not while Eur/GBP tests todays highs...

Cable Update (GBPUSD)

This keeps happening but it's always funny. Welcome Yohay!

Cable Update (GBPUSD)

All flat now micho... thanks for the heads up

Cable Update (GBPUSD)

I felt I was in a threesome today... started banging fiber locked in profit and then started banging cable... Fantastic day... I bought myself a few losses these two days!!!

Cable Update (GBPUSD)