Looks like we are well on the way to achieving this! New new yearly low in place. Cable still under pressure, Next stop 3900! Is any one playing the Pound's weakness with Chunnel (EUR/GBP) trades? Seems this pair can offer nice supplementary ...

Cable Update (GBPUSD)

.5000 Should serve as both a Psych and True support if trend continues south without a hitch. However if or "when" .5000 is breached and sustained we enter a more strong area of supports. I had briefly outlined this area here url Thus, if we ...

Cable Update (GBPUSD)

Hey Dr D and all, LOL, nice gap down! though! Luckily I left one lot open and caught it. Seems 5150 does want to give "yet" - Hope every one is rested for what Should be another volatile week!

Cable Update (GBPUSD)

Amen Brother, let's keep it up, community is important!

Cable Update (GBPUSD)

USDX will reach a point this year if not in the immediate future of being overbought. After being abused for the better part of 09, a correction was imminent, whether it is fundies or charts, they all work together and all came together to get us ...

Cable Update (GBPUSD)

As we approach a pretty important area, here is my 1st quick lower cluster support - "area of interest" chart. Let me know if you want to discuss. We are coming up on weekly pivots, huge supports, could turn resistance... All importan even if you ...

Cable Update (GBPUSD)

Cool, maybe now you are tempted for re-entry! Otherwise always a good idea to book pips and not overtrade. Ineresting point. If the Upper TL is not violated, not sure what kind of retrace we will get... for tonight at least, could just drop off... ...

Cable Update (GBPUSD)

Hey, Why are you out? TP's hit? Cable still getting crushed! Fibre should give some back. There is an area of interest I am looking at with cable closer to 5150 area. I will do some further analysis on chart first.

Cable Update (GBPUSD)

I meant before the NY Crossover... True.. Lately the Crossover has been going in favor of both longs and shorts. Like Dr D said pick your poison. Lets see what happens, tonight should be a good one! Protect your pips! Anything can and will happen. ...

Cable Update (GBPUSD)

Speaking of Swissy Minor breakout... edit: DXY still neg... Magix you do not agree that the LDN session has been rather tame lately?

Cable Update (GBPUSD)

Magix, you have a valid point. That is not to say it is not possible to profit on counter trend trades, such as last friday after the rate decision plunge, Fibre and Swissy both retraced 100%. Cable is struggling however is up for now. When it comes ...

Cable Update (GBPUSD)

I agree, sometimes I have struggled with this / it is tough to trade against what one is "used to" or in one direction ie: always long / always short. (Even if we are better at identifying one way) It's a "mental" thing. Some retracements offer up ...

Cable Update (GBPUSD)

struggling for certain... Notice the last tight constriction in B Bands on your chart and what happened after? Let's see how tight this one gets... Seems like LDN was pretty dead last night as well.

Cable Update (GBPUSD)

Hello all, looks like an Ascending Triangle forming on Fibre and cable is moving sideways. Hopefully there will be a break soon, otherwise I suggest scalping, or sitting on the side looking for a great setup (for your style) load, shoot! Gold made a ...

Cable Update (GBPUSD)

I Agree with buying off the lower trendline in the chart shown. Follow your own systems, yet this IS what the PA , with news and Fundamentals is showing us. Looking for potential Long XAU/USD 1099/1100 --- we'll see if my strategy allows.

Cable Update (GBPUSD)

Charts show the reaction / anticipation of fundamentals and News also when the "big boys/ banks" react. News, Fundamentals, are reacted to with levels drawn on charts. Or vice versa. Either way it is the same and all inter-related. one does not move ...

Cable Update (GBPUSD)

Risk appetite was clearly back, yesterday (or the day before now, during NY sess. ) We all saw and hopefully traded on Cable +100 pips. Today the Greenback wiped out most of that long position. On some "better than expected" news and FOMC help. The ...

Cable Update (GBPUSD)

Two Counter trends — I have made some quick charts to show the idea posted above. Use Your System or indicators. I just outlined market open. S/R We know the Trend on both pairs is bearish. Please feel free to comment or criticize. Edit: ...

AUD/USD

Just reading the last two posts I can offer something to those who do like to take advantage of counter trend opportunities. Open a demo. Only use that demo to trade long positions. Either from your system, what you see on the charts or the opposite ...

AUD/USD

pivot indicator — Hey, M, It wouldn't attach last nite but here is the pivot indicator, I have not tested it yet. G/L X-

Cable Update (GBPUSD)