Very likely, although it's at some 5m support now.

No Brainer Trades

It's a 4h s/r line used many times and close to 50 Fib of the long rally from Oct-Dec 2008

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Rumours of US stimulus package approval

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Out

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I'm already short from 9104.

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There is likely to be some action around those levels they are already on my watch list.

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Download the latest Windows Media Player from the bottom of their homepage.

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Ransquawk is a live market and news commentary. Do as I said above, you will find it enlightening. FF calendar is good.

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I think you need to add to your list: - -Check calendar for news significance/expectation & Bank Holidays -log in to Ransquawk If it's any consolation I've missed out on loads today - too many distractions here.

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Sorry I didn't see your post - yes it was good for +33pip scalp from 8729.

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Log on to www.ransquawk.com register for a free account then click on 'squawk'.

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0.5% cut was forecast and priced in so Cable was more likely to follow the trend if the news was as expected. No cut would have sent stock plunging and cable rocketing conversely a bigger cut and you could have shorted cable. Where did you short ...

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Can anyone guess what might happen here?

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Welcome Add your charts as an attachment from your desktop - there's no need to host it like some other forums.

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There has been some really good pippage on here in the last few days, BRV would be proud. Keep them No Brainer Trades though. (Not directed to anyone specifically)

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Short is a good with trend trade. 5168 is an old 4h swing low and 50 Fib 5191 is a significant weekly and daily s/r.

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You didn't wait for a 5m close at -20 before going to b/e? There was bound to be a retest to 8981 (visible s/r in 5m) Still always good to be +pips!

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You're right the dailys don't vary that much is just the 4h. Just one final question do you use ODL in the UK or US? Great thread

Daily candle chart

Hi Bones I appreciate we all work from the same basic data, however traders in the US and Europe sometimes don't see what I do and vice versa due to the location of their broker/chart provider. this obviously affects the way the market reacts.

Daily candle chart

Timezones — Hi Dailys I am trying to assess the impact of timezones on any charts above 1h. As I am in the UK (GMT) my 4h closes are one hour earlier than US EST (-5) and of course my daily candle closes are +5hours. Do you guys use your local ...

Daily candle chart