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GlobalMacro replied May 15, 2009Gotcha.My experience has been that daily candlestick patterns are very unreliable with exception for maybe hammers or pinbars...BTW, the next candle on your chart doesn't seem to confirm the DarkCloudCover (=> <>pattern?)...
Cable Update (GBPUSD)
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GlobalMacro replied May 15, 2009Of course! It's been so ever since yesterday.

Cable Update (GBPUSD)
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GlobalMacro replied May 14, 20091.5236 will become the second S IF AND ONLY IF price trades below 1.5070s to complete the pattern. Otherwise H&S at this point is only a mirage. Here & Now tells us the price wants to go up at least thru tomorrow's news release. Long or flat is ...
Cable Update (GBPUSD)
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GlobalMacro replied May 14, 2009Well look at the price action right now. What do you see? Upwards momentum combined with bullish breakout of 1.5140-1.5160 levels (post-news), well THIS IS your confirmation, just wait up a pullback and you can establish a long position. A long in ...
Cable Update (GBPUSD)
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GlobalMacro replied May 14, 2009In fact, 1.5167 is a pretty good level to reset longs.
Cable Update (GBPUSD)
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GlobalMacro replied May 14, 2009Hey bro, just chill! You don't HAVE to trade. Just wait up the confirmation. still NO sign of reversal. Best to stay out.

Cable Update (GBPUSD)
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GlobalMacro replied May 14, 2009Not yet. Still very bullish. H&S pattern will be completed only if it trades below 1.5070. Before that go with the flow.
Cable Update (GBPUSD)
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GlobalMacro replied May 13, 20090.7690 is very likely to be broken targeting 0.7750-60 area.
AUD/USD
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GlobalMacro replied May 13, 2009The effect of yesterday's surprise-news dissipated as quickly as it first materialized. Price break above 1.5328 is bullish at least until GBP-news release.
Cable Update (GBPUSD)
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GlobalMacro replied May 12, 2009Definitive bull continuation above 1.5328, though.
Cable Update (GBPUSD)
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GlobalMacro replied May 12, 2009Only a break above 1.5328 will stop this surprise-news induced bear move.
Cable Update (GBPUSD)
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GlobalMacro replied May 12, 2009Sitting on 1.5239 support. 1.5239-1.5294 expressway--no major barriers.
Cable Update (GBPUSD)
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GlobalMacro replied May 12, 20091.5386 minor resistance overhead. Looks like there's nothing to it.
Cable Update (GBPUSD)
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GlobalMacro replied May 12, 2009Are you using some type of Martingale/Antimartingale method? 'Cause dude this cable is soooaaring right now...
Cable Update (GBPUSD)
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GlobalMacro replied May 12, 2009It's thinking about 1.5295 whether or not it can crack it....
Cable Update (GBPUSD)