We may see some pullback but I am looking for a takeout and hold of 5400. Oil moving Up - Gold moving up= Looking for gold to hold 1145. AUD in repair as well. Goldman Suchs really f-d the markets up. Not as much the foreign currencies, more ...

Cable Update (GBPUSD)

PP, Hey bro why short right now? Did you see the positive news? Cable and Fibre. Risk appetite back, news helps and Gold Rising.

Cable Update (GBPUSD)

Good points. I am with you on the hourly also (i have Fibos plotted on daily from appx 6875 to 4775)giving us resistance @ 5575 which is about my 38.5 retracement... We can't go straight up ,

Cable Update (GBPUSD)

Oops - Resistance Popped! This is an aggressive move up. Short with caution - Or go Long. Post follow up chart in a few

Cable Update (GBPUSD)

It is most reliable when it happens around support and resistance areas as it has here. Yes the pattern would suggest price takes out the high point @ A - at least. This would be above 5525. Always use discretion and caution though. Fridays can be ...

Cable Update (GBPUSD)

No problem, (just a site I grabbed off the internet - not sure about thier other analysis - but the pattern is clear- for reference purposes) For further completion I will look to take out 5525 it takes time though & patience is important for those ...

Cable Update (GBPUSD)

Gartley — OK here is the chart. (similar to butterfly pattern) favoring longs. as of now... If you want to read about this pattern here is just one place for reference

Cable Update (GBPUSD)

Hey all, Bullish Gartley (butterfly) just completed on H1 Buying has started. I don't have the indicator, but will post the chart in a few. Gold @ bottom of range again and turning up.

Cable Update (GBPUSD)

Hey Wormie! How goes it? I was sorry to read about the unanticipated reversal on your stops. 2 things. Do u trade Swissy? I have had some great trades with this pair. Soley based on PA. BUT - I would like to encourage you to trade FX gold. I think ...

The WoRmHoLe

I am looking for the the majors to follow Golds lead. Dumped USD last night. Long Fibre & Cable as of now. TP 1 @ first resistance from last night. Around 5250. Cable seems to like these 50 pip increments (5050 -5150 - 5250) Gold poised for 1145 ...

Cable Update (GBPUSD)

Morning all cable enthusiasts, Since you are on the topic, Oil poised for next breakout! GOLD breaking out! Hopefully cable will follow WTI - oil not sure about brent crude yet..

Cable Update (GBPUSD)

Hey WB, LONGS!!! Below is the chart I had mentioned in last post here about the TL on Cable. (sorry the cable chart is from yest. still valid though) There are a few things I am taking into consideration before opening or closing any new positions. ...

The WoRmHoLe

Agreed nAVIN - (You did) I remember reading it. Too many shorts in here when the trend has served up over 200 Long pips. There are always 2 sides to the coin. YET! Too much talk in forums also affects ones trading. Hopefully for the positive. I do ...

Cable Update (GBPUSD)

Trading "Oil" Crude and more-so WTI "west Texas Intermediate" which is a lighter and sweeter crude than "brent" I like the way it moves on the H4 and have a yearning for "Black Gold"!!! LOL ANyway WTI has taken 84!! THIS IS A NICE MOVE! After the ...

Sweet, sweet Oil

Looks like Cable wants to breakout again!

Cable Update (GBPUSD)

Hey Wormboy, Are you holding new shorts? Wondering if you will change bias. There was a nice long entry last night from sub .5000, if followed thru NY to 5120. I read back a bit and agree things are a bit uncertain depending on USD action, yet. ...

The WoRmHoLe

Here we go Fellas! Fibre breaking! (cracked 3500 by 5 pips) And AUD looking to pop crucial resistancE!!! Cable 40+ pip breakout GOLD BREAKING!

Cable Update (GBPUSD)

Just broke .5000 I was looking to .5008 for resistance which is now cracked as well by a few pips... Fibre looking to crack 3500..

Cable Update (GBPUSD)

Hi all, Perhaps today will range for the rest of the afternoon. but I do not think this thing is done. There is a perfect head and shoulders on the H4 chart. ( Textbook) The price is stalling for tps and because we are right at the neckline. If this ...

Cable Update (GBPUSD)

Weekend Fundies - British Airways cabin crew strike takes effect — url British Airways cabin crew strike takes effect "Unions and management are disputing the impact of the first day of a three-day walkout by British Airways cabin crew. The ...

Cable Update (GBPUSD)