All hail to the king baby..... hahahahaha only joking but happy I got it right this time.... Everyone has to remember unless there's devastating Cable news in next couple of days traders are waiting for FOMC and because of it I ...

Cable Update (GBPUSD)

Think of the moving averages like elastic bands, the further price moves away from them the stronger the pull back....

Cable Update (GBPUSD)

I have the 5ema(purple) the 20ema(blue) and 50ema(yellow) on my chart and a little trick one of the guys at my brokers Adam taught was as price expands away from EMAs eventually it has to come back...hope that helps someone.

Cable Update (GBPUSD)

I set these TLs up yesterday on 1 hour chart....interestingly the 4 hours candle got rejected at bottom TL....might be something in it......

Cable Update (GBPUSD)

ahhhh cheers mate, I miss read your post...

Cable Update (GBPUSD)

Yep from yesterday and you were only 5 pips shy...

Cable Update (GBPUSD)

I agree with you Lock and Dean1Star....I'm long at this point targetting the 3160 area... Even though EMAs are pointing to a further selloff it has to turn around at some point...

Cable Update (GBPUSD)

I don't see Cable dropping much waiting for FOMC Wed 27th July 2.00p.m US time....I see Cable remaining between 3100 and 3200 before news and unless the planets align there won't be a rate rise and pound will follow Euro up 150 pips..... Although ...

Cable Update (GBPUSD)

Well there's been a sell off of USD/JPY which usually means 'Risk off' in equities and flight to safety with JPY one of the 'Safety' currencies and Cable following suit. I've just got home from work here and haven't caught up with asian market news ...

Cable Update (GBPUSD)

You know I always look to the 'Top of the Hour' and the 'Bottom of the Hour' as times whens there is going to be market change...

Cable Update (GBPUSD)

How many times have I been caught on fake breakouts.......sheeeeez

Cable Update (GBPUSD)

The first hourly candle of the day gapped up to 3144 but immediately closed the gap down to 3111....

Cable Update (GBPUSD)

What that last hourly candle says to me is neither the bulls or the bears are in control i.e Indecision Candle and from here price could move in either direction and if pushes above the 5ema and 20ema at 3131 will go higher But at the moment the 5, ...

Cable Update (GBPUSD)

Hey Mades in about 4 minutes we'll be able to test your theory...

Cable Update (GBPUSD)

Of the forexlive website: url

Cable Update (GBPUSD)

As I said I don't disagree with you, the way I see it is not to be concerned about the manipulation either real or imagined but get good and profitable at trading anyway.... CBI Industrial Trends may have had a green -4 but it was still a ...

Cable Update (GBPUSD)

Rate decision due out 27th July 2016 at 2.00p.m US time(E.T or New York Time) Current rate 0.5

Cable Update (GBPUSD)

Well in this case it was the CBI Industrial Trend Survey that caused the Pound to drop 25 pips just after the release at 11.00am London time.....not that I'm disagreeing with you. As retail traders we trade on such an insignificant level whereas the ...

Cable Update (GBPUSD)

Yep I'm not saying a trend has formed unless it bounces of that bottom line....could be a flag pattern forming for some more downside..

Cable Update (GBPUSD)

I'm putting up an idea for TLs on the hourly chart, anybody here agree???

Cable Update (GBPUSD)