It's making another bounce on 1.6312, which is the central pivot point for today. Just below that is the 1 hour trendline at about 1.6301. So far a couple of tough nuts to crack.

Cable Update (GBPUSD)

Not another boring night of range-bound trading...

Cable Update (GBPUSD)

Out with a fast +120pips. Good enough for today.

Cable Update (GBPUSD)

Resistance... — It's making another attempt at the multiple resistance levels at 1.6193-1.62 next resistance at 1.6235-1.6245

Cable Update (GBPUSD)

still laughing... — +120pips at about 1.6193 Price is at the 78% retrace, and R1 pivot

Cable Update (GBPUSD)

Went long at 1.6074. +90 now I'm still laughing at this trade

Cable Update (GBPUSD)

Looks that way, and on the other USD pairs as well...ya think the USD is going up today. maybe a little retracement of yesterday's dump? Carefull with divergence...if it doesn't play-out, it just disappears as price goes against it. But it is a good ...

Cable Update (GBPUSD)

Um, 'cause that would make the cable go up.

Cable Update (GBPUSD)

But it has already broken out of the triangle to the upside. Sure, it can drop back inside it but you need to draw your trendline correctly. Look at the black line in Bones' chart, you can see that price broke thru the triangle as of today.

Cable Update (GBPUSD)

And I went long at 19431

Cable Update (GBPUSD)

Um, No, so far only bounced off it.

Cable Update (GBPUSD)

80 pips is a lot to float, and now bail as price is up against some significant support, and weak movement after the news I haven't gone long on cable yet, only 'cause I went long g-j, now up 60pips.

Cable Update (GBPUSD)

It comes from the US government CFTC site. But there are other sites that provide the data in pretty little graphs so you can see trends, and others that provide some analysis. I dont think I'm supposed to post any sites here at risk of being ...

Cable Update (GBPUSD)

Cable's downside potential — I don't see a whole lot of downside potential to the cable. Starting with the COT data, which tell me price is eventually going to advance, and when it does it will be a significant move in a short time...often ...

Cable Update (GBPUSD)

There is always the chance of price doing whatever it wants to do. It looks like it's been bottoming out the las two days, but we know news can have unpredictable results. I was long, but got out with some profit on that little spike a couple hours ...

Cable Update (GBPUSD)

Tuesday was what? like a couple hundred pips ago. Let your losses run and cut your profits short, oh wait, maybe I mixed it up.

Cable Update (GBPUSD)

not much of a drop, still supported at 9680...back in the channel again

Cable Update (GBPUSD)

Resistance again at m4 (1.9708), but, uh oh, looks like a bull flag on the 15m.

Cable Update (GBPUSD)

You have to make your own assessment and decisions. Usually if you are undecided then cash is a good position. Right now I could make good arguments for long or short. I think I have stated them both in my recent posts. oh, look, another shot at ...

Cable Update (GBPUSD)

yes, I figured that, I was being a bit sarcastic. You said we all know price is in a down trend. My point was that it's nothing more than a retrace of the longer term trend. Price has vacillated around the 38% level (about 1.9595) for the past ...

Cable Update (GBPUSD)