Here's how I understand it (someone please correct me if I'm wrong). If the news is good for USD, that means that people will be more inclined to purchase US stocks. To do this they have to spend/use US dollars, so the value of the USD goes down ...

The WoRmHoLe

Rebalancing? — It's the last Friday of the month. Should we be looking for the monthly rebalancing?

Cable Update (GBPUSD)

Ranging — Added another trend line. Range may contract.

Cable Update (GBPUSD)

A look — I had a couple of 1H horizonal lines indicating consolidation points over time. They are the 1.562 which was strong SR last Wed, Thur, Fri, and on Mon, and then the 1.5675 which was strong resistance on Mon. The PA has been playing ...

Cable Update (GBPUSD)

Capn, a couple of questions for you. 1. Do you wait for a retest of the box? I got the impression that the first breakout was usually false, and that PA would retest. 2. Where do you usually put your SL?

Cable Update (GBPUSD)

Ignore — Cloggie, Wormie, I wish you guys would use the ignore button on Pipstunner. I've had him/her on ignore for quite a while, but keep seeing comments from this person because he's/she's being quoted in responses. Just ignore and keep ...

Cable Update (GBPUSD)

analysis requested — Cloggie, if you're on, could you please analyze the price reaction to the GBP data? Is an increase in the interest rate now a possibility? BTW, Friday and Monday followed your "normal" trading day to a T. It was ...

Cable Update (GBPUSD)

I have learnt so much from you in the past three months. Thanks.

Cable Update (GBPUSD)

Gotcha. Thanks. Wasn't planning on using statistics to trade, just wondering about the probability.

Cable Update (GBPUSD)

Cloggie, Do you have percentage figure on the second move being in the same direction as the break?

Cable Update (GBPUSD)

Thanks bbmac. My problem was correlating London time to GMT but now I get that London is one hour off from GMT. Is this going to change in October? Does London use daylight savings time?

Cable Update (GBPUSD)

Thank you. I get it now. Much appreciated.

Cable Update (GBPUSD)

Cloggie, Forgive me! I know you've covered this several times, but... is "the open" the London open 0800GMT or is it 0700GMT (Euro open)?

Cable Update (GBPUSD)

On the daily, price has been ranging between 78.6% and 61.8% (1.532 - 1.5456) for 6 days now. The range 1.518 - 1.547 is marked because all of April and half of June PA played in this range. On a closer view (4h), price is moving between 1.5331 and ...

Cable Update (GBPUSD)

Okay. So, I'm now expecting that when the NY market opens, there'll be more equity purchases. Is that in line with your thinking?

Cable Update (GBPUSD)

On that you are correct, and I thank you for this and all the other insightful information that you have provided over the past two months that I've been following this thread. It is much appreciated.

Cable Update (GBPUSD)

I guess it is all in how you interpret the charts. When I look at the daily chart, I see a move up starting from May thru beginning of Aug. Then I see a fib retracement. I have a fib line going from 1.5122 to 1.5996 (last major move up) and the ...

Cable Update (GBPUSD)

Start drawing them when price start to consolidate. If it's just one candle that changes color, I tend to ignore. If two or more, then draw a box that includes them until the color changes again. Try that.

Cable Update (GBPUSD)

Here's what I have

Cable Update (GBPUSD)

NY open 9:30am EDT (it's approx. 4:30am right now) London closes at 4:30pm London time.

Cable Update (GBPUSD)