P.S. As to the significance, I am not too sure myself. Obviously, some historical milestone obstacle that if breached signifies major upheaval, berating of all near and dear and possibly even slapping yoursel across the face with kippers or some ...

Cable Update (GBPUSD)

Hi Irish, A trend line on a 4 hour chart based on last 250 period. (a period of course being 4 hours on a 4 hour chart) exponential moving average. Your charting software should give you a decent explanation of an exponential moving average. Hope ...

Cable Update (GBPUSD)

Just one other thing - Being a newbie to forex, am I right to assume that a "breakout" can go down as well as up?

Cable Update (GBPUSD)

Thanks for your reply. I still think today's cable saga has mileage potentially to the down side. In reality the GBP news was average and US news nondescript. However, the fact is, it seems to me - if the big players want to move the market in a ...

Cable Update (GBPUSD)

A word of caution for up trenders.. — Cable has bounced back down off the long running daily trend line of 3+ months. I think 9800+ needs to be judged against a break through 1.9625 JMO

Cable Update (GBPUSD)

What was the news?

Cable Update (GBPUSD)

Each new test of 9508/10 seems to trigger a flurry of buy orders. I wonder how much more fuel in support tank.

Daily Cable Analysis

For a newbie, in English please.

Cable Update (GBPUSD)

The market is jumping up and down on that 9510 support. Interesting to see what transpires if breaks through. If it doesn't, it looks like another channel ranging day until US announcements...

Daily Cable Analysis

It will be hard to turn this momentum around, looks like the up trend will continue after some resistance. I for one read trend wrong and am cutting losses now.

Cable Update (GBPUSD)

When you say USD is moving - do you mean down? A breakout ? - Which direction and what tmeframe? Thx.

Cable Update (GBPUSD)

As yet, not understanding a lot of charting terms - For a newbie, can you please explain the meaning or significance of a double low. Someone quoted this yesterday as well.

Cable Update (GBPUSD)

Trend for the morning — Major resistance held at 1.9484 at 4.30am If 1.9458 can be breached then expect a down trend this morning - target 1.9400 and below again. JMO

Cable Update (GBPUSD)

There is some really stubborn support at the 1.9423 level. If this holds then I concur with other posts that we may have seen the bottoming out of the short for the time being. Of course depends on 1.9444 being breached.

Cable Update (GBPUSD)

If 1.9444 doesn't hold it looks to be long..

Cable Update (GBPUSD)

Which direction next? — Looks as though it's gearing up for a big push - but which way? 5 min chart ema9, 20 and 50 all converged. Hard to call and this US market apathy is starting to get to me...

Cable Update (GBPUSD)

US Trend after TB — Interesting price movement at the moment. Cynics might suggest that major players throwing a few curved balls by minor cable buys and then gradually selling back to give false up trend indication. Only my 2ps worth...

Cable Update (GBPUSD)

Excellent analysis. Not so sure about ignoring short time frames. Personally, I think price movement is key at times of announcements.

Cable Update (GBPUSD)

All we need now is better than expected figures out of US and 1.9200 is definitely on the cards this week.

Cable Update (GBPUSD)

Today's trend.. — A quick 50 pips that's what I like. mmmmmmm.

Cable Update (GBPUSD)