I have just gone short from 1.6280 - SL 1.6336 TP1 = 1.6174, TP2= 1.6093 and TP3 = 1.6012 Reasons are: Hit the cent at 1.6300, hit A1 786 Fib at 1.6285, hit A2 at 1.6275 and past support = future resistance.

Cable Update (GBPUSD)

My 1st trade of the year closed with 10% profit. I'm now looking for a short from the 1.6300 level. I look for quality trades as apposed to quantity trades. Nice Fib convergence at 1.6280 and past support on Daily and Weekly.

Cable Update (GBPUSD)

Hi BB, hope u had a good one. Lets catch lots of pips this year. I agree with you. My 1st trade of the year - I entered long at 1.5938 SL 1.5870 TP1= 1.6006 TP2= 1.6074 and TP3=1.6142 (When 1st TP hit I move my SL to entry etc) Go the pound! ...

Cable Update (GBPUSD)

My 8 hour closed with a hammer as hoped, so based on previous analysis I'm long from 1.5938 - SL 1.5870 TP 1.6150 -

Cable Update (GBPUSD)

Lets hope so!

Cable Update (GBPUSD)

Unemployment claims, better than forecast, BUT still worse than last month - so probably won't have that much impact!!! That's how I see it. I might be wrong. May the force be with you!

Cable Update (GBPUSD)

I'm looking for a Hammer to form over the next 3.5 hours for a LONG. Reasons are that will bounce off a cent (1.5900) off the 786 fib, and previous resistance = current support. If we get a hammer formation at close of 8 hour candle, then no reason ...

Cable Update (GBPUSD)

News is Bad - cable should sink - now wait for US data in a couple of hours. Cable still trapped in the Bermuda triangle

Cable Update (GBPUSD)

Some good and some bad - Think bad unemployment claims more NB so expect cable to go up a wee bit.

Cable Update (GBPUSD)

Only if US data out in 20 mins is bad. If news is good, then cable will sink...

Cable Update (GBPUSD)

Hope you're correct - Nice bounce just above the daily 618 fib. Morning Star on 1 hour, Engulfing Bullish Candle on the 4 hour - All looking bullish - but anything can happen.

Cable Update (GBPUSD)

"UK CHANC DARLING] begins the Pre-Budget Report (PBR) by saying the govt will maintain the fiscal support until recovery is secured and that he is planning to halve the deficit in 'an orderly way' over the next 4 years. There is growing evidence ...

Cable Update (GBPUSD)

Hopefully before Friday close! I'm long with the family jewels

Cable Update (GBPUSD)

It's on top of the fridge - Nearly put it back in. Wonder if we'll have a result before the end of the year! For those of you that have no idea what is going on Wormie and I had a bet for a beer - I called 1.7000 and Wormie called 1.53000 (Call's ...

Cable Update (GBPUSD)

Hey Wormie - Howz my beer doing?

Cable Update (GBPUSD)

and the DTL - currently at 1.6325

Cable Update (GBPUSD)

Hi Rob, welcome - all thoughts, comments, gut feelings are welcome. I have been trying to find the bottom for 2 days...... Could this be it? With Greece and Dubai in the news one wonders?

Cable Update (GBPUSD)

Here you go Danny image Hope this isn't a BULL Trap!!!!!

Cable Update (GBPUSD)

My first target 1.6493 - this is the 382 FIB on the new AB. May also target 1.6566 - the 50 FIB with a lot or two. SL is 25 pips below the current hammer at 1.6230 - Good Luck

Cable Update (GBPUSD)