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GlobalMacro replied May 22, 2009Short Exited @ 1.5870 -> + 65 pips profit booked.
Cable Update (GBPUSD)
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GlobalMacro replied May 22, 2009Traders anticipating Monday's Ifo Business Survey ......
Cable Update (GBPUSD)
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GlobalMacro replied May 22, 2009Everything points out to bottoming process in dollar and topping process in cable. Something that's lacking, though, is price confirmation(=>the CBs are actively putting pressure on the dollar)
Daily candle chart
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GlobalMacro replied May 22, 2009I see divergence too, but no price confirmation. Flat for now.
Cable Update (GBPUSD)
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GlobalMacro replied May 22, 2009Free, you should've stayed a little longer in your long position you'd have made a killing today. Picked the exact bottom of the day...Sensational!!!

Cable Update (GBPUSD)
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GlobalMacro replied May 22, 2009I see what you mean...I'm experimenting with volume/OI myself. However, since bunds are exchange-traded, their data is pretty reliable. May 21st candle confirmed my suspision. Now the question becomes is this an inverted hammer as in reversal or ...
Daily candle chart
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GlobalMacro replied May 22, 2009Bulls still in there but not as strong anymore. So be careful either ways.
Cable Update (GBPUSD)
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GlobalMacro replied May 22, 2009Hi 4xHero Faster EMAs still above 50. But looks like they're losing steam, changing slope towards 50 ema since 1:00 AM GMT. GM
Cable Update (GBPUSD)
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GlobalMacro replied May 22, 2009I follow the motto: Let profits run and cut losses so I set SL & let my profits run until the market dictates otherwise. Ub, please don't follow me. I am just saying what my personal opinion is and am not making any calls, or giving advise of any ...
Cable Update (GBPUSD)
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GlobalMacro replied May 22, 2009Decline accelerating now at 1.5760s . People who were calling long at 1.5840 and 1.5820 just a couple of moments ago should understand that this kind of position without SL is NOT trading it's gambling.
Cable Update (GBPUSD)
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GlobalMacro replied May 22, 2009People USE SL ! there's no point in letting a position run without SL.
Cable Update (GBPUSD)
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GlobalMacro replied May 22, 2009Longs Exited With Profit — Exited the entire long position this morning at 1.5891 -> +99 pips profit booked & SL recovered 100%. The market tried to break this level twice. Bullish momentum fading.
Cable Update (GBPUSD)
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GlobalMacro replied May 21, 2009Longs In Play — Longs Developing beautifully. SL already RECOVERED 100% Position in Profit now.
Cable Update (GBPUSD)