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navk replied Jul 2, 2014Murraymath chart 4hr and 1 hr. Both say the same : Extremely overbought. 5/8 is pivot.
Cable Update (GBPUSD)
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navk replied Jul 1, 2014You have very low margin, may get stopped out if a spike happens
Cable Update (GBPUSD)
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navk replied Jul 1, 2014I would expect a retrace today. Twice, swing to the upside on consecutive days.
Cable Update (GBPUSD)
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navk replied Jul 1, 2014You must have risk percent in mind when you place trades. It is not the free margin you should worry about, but the floating loss percentage with respect to equity. The educators say 2 %, but for retailers like us, say 5 to 6 % ?
Cable Update (GBPUSD)
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navk replied Jul 1, 2014If the price closes below 1.7120, then probably tomorrow ranging day and the price could dip below 1.6994 today's low price.
Cable Update (GBPUSD)
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navk replied Jul 1, 2014NY seems to be doing what it has been doing in the past.

Cable Update (GBPUSD)
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navk replied Jul 1, 2014The news at 10 ET could give a spike and drop from there. 7185 is the level. If 7188 passes, then 7220
Cable Update (GBPUSD)
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navk replied Jul 1, 2014EU do not move these days. GU too had very less volatility all these days, but only now..
Cable Update (GBPUSD)
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navk replied Jul 1, 2014In Asia, 200 EMA held ( 7094). Currently 200 EMA at 7110.
Cable Update (GBPUSD)