Early Frankfurt trading pushed down to the 78.6% support of the rally from Friday at 235.75....if this doesnt hold I can see it quickly down to the 235 area. I closed my shorts as it held at the fibo and am now flat...watching.

Daily GBP/JPY analysis

LOL, but now, a long time later, you´re a big strong bull with big b*lls, so you can take your revenge and take thousands of pips back!! image

Daily GBP/JPY analysis

Cable´s trailing the euro so far on this bounce...just manage to get to its 50% retrace of the fall...euro´s at 62%....

Cable Update (GBPUSD)

Darn, chart didnt load...no idea why, I´ll have to try later. image

34ema/atr

Here´s the action from the London Open this morning - I only trade this pair from 1:30am till about 1:30pm - its active time. The long green candle is the spike up on the BOE minutes - notice the long tail on top - no follow through. Then 2 dojis - ...

34ema/atr

You´re right, the 34 EMA is very fast and the way that I am using it is to look at what it is doing after the Alert has been given and when price has got back at the 34 EMA. That is the "now" point and when a decision needs to be made. What is the ...

34ema/atr

I need to see some turn round in the 1 min chart before fighting this fall....but it is getting short term oversold

Cable Update (GBPUSD)

Market Timing — This morning I read an interesting article by Jeff Greenblatt - Jeff does some original and accurate work on timing across many markets. He says that Gold is now in a 3 day window where many cycles line up and allow change to ...

Cable Update (GBPUSD)

After the immediate news jerk spike up to 0128, there have been no European buyers to take it higher - even with the euro moving well above 3600. That leads me to think that the most probable move is for some profit taking The alternative is a ...

Cable Update (GBPUSD)

Out for a couple of pips....euro´s making new highs

Cable Update (GBPUSD)

I´ve taken a 1/4 of a position short, based on the lack of follow through. Keeping a watch on the euro...IMO if that breaks above the 3600 level it´ll take cable up to more new highs.

Cable Update (GBPUSD)

Vote was 7 - 2

Cable Update (GBPUSD)

Woops...you´re correct, there´s much more room above than I suggested, I missed out a zero!

Cable Update (GBPUSD)

Cable´s very nervous ahead of the BOE release....since the Frankfurt Open, 25% of the 5 min candle´s have been dojis and there are loads of long tails / wicks....

Cable Update (GBPUSD)

Euro´s got its 1.3665 high from 30 Dec ´04 as its current target. My data´s also showing 1.4535 in March ´95....but it only became an official currency in 2000, so guess that´s an estimated figure based on the Dm. What these numbers are showing is ...

Cable Update (GBPUSD)

Almost got to its Sept 8th 1992 high - 2.0110, then another 435 pips up to its ATH in November ´80

Cable Update (GBPUSD)

Only if you want to give money to your broker!

Cable Update (GBPUSD)

Dont forget that there´s also a bunch of Samurai just waiting to cut off a few traders heads......and the Cossacks might mount an unexpected charge!! image

Cable Update (GBPUSD)

IMO, what we have been given is a very clean method of interperating price action on a 5 min chart relative to the 34 ema and its envelope. As given, it is a trend continuation system and therefore requires a trend to work correctly. A trend is in ...

34ema/atr

When the 9:15 candles on euro and cable failed to make a new high (72 vs 74), I sold a 1/4 position for a scalp. Got out when it held at the 0035 area - also the 23.6% retrace of this mornings rally. Holding at such a small retrace shows the ...

Cable Update (GBPUSD)