In early Frankfurt trading, the Euro broke out to new highs and got up to 3652, but all cable could manage was 0061.....thats 70 pips under its last high, so that shows a lack of buyers. The GDP was in line with expectations, so that will not have ...

Cable Update (GBPUSD)

We could expect that the option would be written (sold) by a bank and that they would therefore try hard to make certain that it expires worthless....i.e. keep cable under the 400 level. IMO its effect will be related to its size - how many 0000000s ...

Daily GBP/JPY analysis

Look´s very fishy to me.....Guppys perhaps?

Daily GBP/JPY analysis

The drop has stopped exactly at the 50% retrace of the last rally on the 15 min chart. So far, not even the 1 min chart has turned up, so the down move is still valid, and could continue.

Daily GBP/JPY analysis

I see the DJIAs up over 95 in pre-opening trading......wonder what that´ll do to cable. BTW did anyone notice that there were 125 people logged onto this thread at UK news time!

Cable Update (GBPUSD)

LOL....like this....

Cable Update (GBPUSD)

Nice idea and if I hadn´t been concentrating on exiting my short, I would have gone for a buy as a reversal...but pips in the bank first! However, a question...assuming a 3 pip spead, your Limit Order is 10 pips under yesterday´s low. Aren´t you ...

Cable Update (GBPUSD)

This mornings high, just before the Londoners sold it, was not inspiring, only just making it above the 50% retrace of this weeks action. The news driven push down got about 15 pips under the 00 - like yesterday - and has now bounced back to the now ...

Cable Update (GBPUSD)

I´ve got bands at +/- 35; 70 & 105 ---levels at which price often reacts.....go back a few week and look and decide for yourself. Also good on 1m at news times....nice sell off the 200 and exited on the long tail down to 9994 image

Cable Update (GBPUSD)

mm0.3 vs 0.5 estimated.....nice excuse for a good spike down to take out a load of stops....then on up again????

Cable Update (GBPUSD)

Here´s a clearer chart than my last one.....had more time to clean it up... I missed the higher low and push up through the 200 ema (green) - great buy. I scalped off the upper 200 ema band - dashed line and closed at the turquoise - 34 ema. Now its ...

Cable Update (GBPUSD)

Trying again.....

34ema/atr

Nice to see another trader using the 200 ema for reference. I had three profitable shorts yesterday as price bounced down off the falling 5 min 200 ema. I´ve just had onother, as it over-extended to the 200 + 35 envelope - often a good level for a ...

Cable Update (GBPUSD)

Frankfurt Open is at 2am EDT and London Open at 3 am ....usually the Frankfurters have a coffee before starting trading....not today! image

Cable Update (GBPUSD)

T Here´s a chart with a wedge / ascending triangle

Cable Update (GBPUSD)

Darn it, the train left the station without me....too busy reading all the overnight posts! Looks like the Euro´s breakout to new highs has put some life into the markets

Cable Update (GBPUSD)

Maybe that´s what helped it bounce away from the 5 min 200 EMA again...fine by me, another 10 pip scalp. There´s the Philly Fed data at 12:00...perhaps that´ll give a bigger move.

Cable Update (GBPUSD)

[quote=el_duende;276958]forexmaster55 you say However one of your rules says According to my broker 19985 was hit. With spreads to pay you would have been stopped out of the trade[/quote The lowest I show on the three brokers that I use was 987. ...

Cable Update (GBPUSD)

Yesterday, I sold at 0123, after the second attempt on the 0130 area, held it for about an hour and closed at 0108 and then went out for an hour......and missed 50+ pips. Normally, I would trade in position of 3 lots, but so near the high I was ...

Cable Update (GBPUSD)

We really must thank those guys who put their stops around the 00 numbers......added another 15 pips to my short. Now, how much will it bounce....what will the LO do? If no buyers step in the bears will eat well as nervous longs exit.

Cable Update (GBPUSD)