RIGHT Back in the Middle again! Like clock work! I these lines so I am sharing. This relates to the DXY and what may be going on. (I believe Malcomb already posted the makeup) The DX [quote]The Euro is 57% of the weight in the basket the dollar is ...

Cable Update (GBPUSD)

Brother REZ! I did! OUT! However! My LDN theory usually applies with range... still need further testing. Theory, Earlier markets. TP and SELL with the anticipation of LDN selling; WHICH they do!!!! SELL A THON IS ON. YET. Like stox They just buy ...

Cable Update (GBPUSD)

Welp Lucky to close with 25 pips before PRE LDN and LDN sell off. Night all! G/L.

Cable Update (GBPUSD)

I would be wary of any strong position right now. Unless already in the green... Shorts seem to be being bought up. We need some further retracement to the upside of cable. DXY will fail again. M5 dragon resistance broken. Cable hit with sell orders ...

Cable Update (GBPUSD)

This is what range is. In a simple version.. Identify the middle and the upper top and lower bottom. Don't always try to pick TOPS and DON't PICK Bottoms (then you come up with dirty fingers! And it is getting tighter. The latter part is about 50 ...

Cable Update (GBPUSD)

GREAT Question! I look at range from M30 thru M5. Identify support and resistance, Then Further back to H4. Depending on how long the range is, this is a small I range I was looking at for tonight and yesterday.. Then apply apply the necessary chart ...

Cable Update (GBPUSD)

Thought — Perhaps some of tonight's Aussie and JPY market cable sell is due to hedging longs on Dragon with shorts on Cable... Just a thought. Seems volume is being swapped BTween pairs. no firm direction. Bounce on DX edit: lets see if it ...

Cable Update (GBPUSD)

We are at bottom of range which is currently about 50 pips. She will go back up. Why not just tp then long again if you see confirmation for your style?? EDIT: ALWAYS ADD but this IS FX so do we EVER really KNOW???!

Cable Update (GBPUSD)

GREAT!! Agreed! I love watching M30 - do not trust M1 only for entry... if that.. usually use M5 We are bouncing off support. Volume seems low and growing. Considering small long on AUD.USD. I suppose this would be a scalp long Cable from 6287 TP ...

Cable Update (GBPUSD)

Will read NOW! Great THX, However! Dr D, Would you mind posting a compression chart as well!? Perhaps H4 or H1 and M15? This is precisely the reason I love physical gold and silver. Preservation of assets, purchasing power, with gains and of course ...

Cable Update (GBPUSD)

Yes, the DX, sorry I should be more specific. Here it seems that the DX has surged a bit and cable is not reacting as it had.... True.. Yet what will it take for collapse of USD or Euro! It would be interesting to see a DX retest of 94.5 send cable ...

Cable Update (GBPUSD)

Hey Malcomb, Great points! QUITE A FORECAST! This is true and definitely needs to be paid attention to in my opinion! Thanks for the link!

Cable Update (GBPUSD)

LOL the way to heaven! Hope it's a good ride!! I think the guns have been oiled for a few days now... Let's see DXY break 77 UNLIKELY! Keep an eye on gold she has take a beating! Expect AUssie US to pop when the gold bull return...

Cable Update (GBPUSD)

We will See what GOLD has in store... This week is JUST beginning. EXPECT a wild ride. SUPPORT is 1100 currently image

AUD/USD

If and when cable does break 6000 it will be FAST and furious. Be on the short side then....

Cable Update (GBPUSD)

TRUE. But the next major move is now on either currencies' news and economy. look at DXY or USDX. It will not break the range. Nor, will cable go and stay below 6200. YET. We'll see. 6000 may be a TP option for shorts. Yet another discount rate for ...

Cable Update (GBPUSD)

Currencies work in PAIRS. CABLE = GBP / USD LONG is buying cable / while selling USD. SO, WHEN USD is UP GBP is down.

Cable Update (GBPUSD)

It will likely range until news or another move on USD. Some took shorts on DXY. For me in FX, Entry is KEY. TA helps entry and fundies tell you the rest. News and simple assertions about one nations economy CANNOT be ignored.

Cable Update (GBPUSD)

We will... I am not saying CABLE will go back to 2:1. By any MEANS.. Gold was also 350 USD in 99 and just hit 1220. so what better read of the USD is that...? This is far from a reversal in my eyes... USD WILL Not break .80 any time soon. IF IT ...

Cable Update (GBPUSD)

This was a NICE LONG bounce on Cable since aussie and asian open.. 6200 and a even a late close of 6300.... EASY. If only they could all be that way!!! ....... However USD is has been bucking. I am DOUBTFUL at BEST of it even reaching .80 yet even ...

Cable Update (GBPUSD)