Yes for sure if we break last weeks candle and start setting new highs. However, with much Data showing a drop in Volume from the middle of march (start of correction) to now I have to ask if we have lost Bullish momentum somewhat. If we couldn't ...

Cable Update (GBPUSD)

I just think we were going nowhere and needed a push up to give us a bigger push down. I think the news this week will be crucial but would expect to be back down a little by the time London opens tomorrow

Cable Update (GBPUSD)

To be expected IMO, agree with all of this

Cable Update (GBPUSD)

Agreed, news may have given us just what we need for selling opportunity

Cable Update (GBPUSD)

Not sure its got the legs for more north, if that was the new high then attention will become very bearish. Watching and waiting

Cable Update (GBPUSD)

No it was actually a post from someone else, I was just pointing out that it was a quote after you had asked a question to the original post, sorry I don't remember the name of the original posting member. No worries bro.

Cable Update (GBPUSD)

Rely on others analysis? I was just pointing out that since the quote you mentioned which was on Daily FX that they seem to have since changed their opinions.

Cable Update (GBPUSD)

The divergence being at relative extreme levels gives the indication that something will change. It actually already did over the last few weeks and by the time the next COT report is issued that chart will look slightly different as the lines turn ...

Cable Update (GBPUSD)

A-spec, That's actually a dated quote from Daily FX, It seems that 'current' comments show a change in sentiment over the weekend to a resumption in selling pressure. This too is even apparent from most analysts on Daily FX that seem to have changed ...

Cable Update (GBPUSD)

yeah i noticed this, it has to mean that a high number of people are entering opposite trades at the same time.?

Cable Update (GBPUSD)

A very good post,

Cable Update (GBPUSD)

And yes im going to have to eat my wife and kids... Hope Maso isnt over exposed short, i know he is strong bear.

Cable Update (GBPUSD)

Well well, Chart looks bullish Feel like im never going to get these buy orders placed, even thinking of going from here (1.52) but must reduce my sizes to allow for an extra 500 pip potential of drawdown. I will sleep on it tonight but my thoughts ...

Cable Update (GBPUSD)

COT data from the chart in early 2010 is interesting, very similar pattern emerging. In 2010 the 'correction' during the downtrend reached as high as 1.535 in March and just over 1.55 in April before plummeting to 1.42 in early summer. Many things ...

Cable Update (GBPUSD)

damn choppy cable, don't know what it wants to do right now.

Cable Update (GBPUSD)

This London open is going to be very interesting, shame I will be asleep

Cable Update (GBPUSD)

what do you know? we seem to have some sellers (just when I was about to start preparing the oven)

Cable Update (GBPUSD)

well I already plan on starting with my wife tonight, same as every night ha

Cable Update (GBPUSD)

look at the candles on that chart from the exact same period in 2010

Cable Update (GBPUSD)

hate that feeling, like having your hands tied behind your back. Hope it works out for you

EURUSD