It's situations like these that require extra caution. If the market is acting "illogical" then it may be trying to tell us something!

Cable Update (GBPUSD)

The congestion zone from yesterday thru today appears to have been resolved to the upside. 1.5180 is a level that ought to be closely watched if real momentum persists.

Cable Update (GBPUSD)

Equity markets are surging dramatically. S&P @ 915++

Cable Update (GBPUSD)

Long trade scratched @ BE.

Cable Update (GBPUSD)

Then maybe it's about time take profit off the table.

Cable Update (GBPUSD)

Long @ 1.5051

Cable Update (GBPUSD)

First supports emerge around 1.4850-1.4900 lower price channel from may 1st and may 4th.

Cable Update (GBPUSD)

Last night's H1 rejection of the shooting star proved to be short-lived. Market's putting up a real fight around 1.5000 (psychologically driven). If the struggle continues that means 1.5000 is a too strong of a resistance and the price will start to ...

Cable Update (GBPUSD)

No,Please, Don't get me wrong, I like it very much. It's a breath of fresh air in this tough forex business. Very unique indeed.

Cable Update (GBPUSD)

Angela, Is THAT really your pic???

Cable Update (GBPUSD)

On such a large time frame you'd surely have huge drawdowns. What scheme do you use to handle those drawdowns?

Cable Update (GBPUSD)

Bal, it's very difficult to discern the implication of news without sophisticated tools. It's better to familiarize yourself with the price action of a market you feel comfortable with and only at a later stage to try to and superimpose fundamental ...

Cable Update (GBPUSD)

Upwards pressure increasing. The H1 shooting star rejected. Higher probability to rise than fall. Ultra-low liquidity.

Cable Update (GBPUSD)

Now the shooting star on H1 accompanied by bottoming dollar makes for good short setup. The key is not to rush and wait for optimal entry.

Cable Update (GBPUSD)

Confluence of evidence: i.e. if you have reversal signal in cable confirmed by dollar strength across the board.

Cable Update (GBPUSD)

It's more advisable to wait for genuine reversal signal than to fight the trend. Long still in play even if the market looks elevated. One can reverse anytime on a true sell signal!!!!!

Cable Update (GBPUSD)

Dollar's down across the board. Unless dollar strengthens go with the flow.

Cable Update (GBPUSD)

Buy stop 1.5003 tp: 1.5103

Cable Update (GBPUSD)

Hi Heilpraktike

Cable Update (GBPUSD)

Hi everybody, Cable is showing signs of weakness. targeting 1.4771-4800 area from here. (currently == 1.4880-90 level)

Cable Update (GBPUSD)