I am very thankfull that you are helping me to learn! Thanks!

Cable Update (GBPUSD)

Okey. I understand Thanks for clearing that up. So what you are saying are: The market failed the high once again, this results in a pullback, and it`s likely to pullback some to get more buyers inn before it makes a new attepmt at the high again? ...

Cable Update (GBPUSD)

Things are going good I can see that. Good job! But Why did you take that trade?

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Why does this look bearish when almost every 1h / 30 min candle close have a shadow to the downside? Isn`t the PA bullish ?

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May I ask why ?

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Good post! Are anyone trading the range? I just did a 30 pip 1.5810 - 1.5840. Any reasons to why it should break to the downside? with the current PA I don`t see why it could?

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Guess I didn`t quite get what he said then. If you have time to explain it would be great!

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So what you are saying.. That it might be a selloff at this hour ?

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My broker was only at 1.5841 so I think you should contact them and get a refund.

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I have read over your post sometimes now, while reading other things aswell trying to understand this situation. What do you mean by "Pegging to the dollar" ? Thanks alot for your help

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Thanks for a great post!

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How do you think this will affect the USD?

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You realy think it is possible to push price even higher so late in a friday, after such a hugh move this week? Why? Just asking

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I can`t see it going higher now without atleast touching 1.5800 again. Because: Very bearish 30 min candle. Not much voulum to push price to new highs. There will be some profit taking from now on and out. Any comments on that?

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Seems like traders from london session are taking some profit from longs before they take their weekend.

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Hehe, thats a bit to much to hope for for you guys in longs

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Seems the trend is very strong. And EU trying to push up to 1.3500.

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Personaly I think price will race between 1.5815 -> 1.5785 Around these areas for the rest of the day. Any thoghts on that?

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Not sure it will mve to much higher at this time of a friday imo. But yea. Very strong trend!

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Shot up 20pips in 5 min..

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