I´m waiting to see the action around the 00 levels in euro and cable....for an initial small sell, but they´re both stalled at present

Cable Update (GBPUSD)

I have the ATH as 2.4545 in November 1980, then 2.0100 in Sept ´92

Cable Update (GBPUSD)

Trojan Virus Alert AGAIN

Cable Update (GBPUSD)

Scalped a short when it spiked above 2.0000, hoping for the 50% retrace of the news move - out when it stalled at the 38% level....now flat, watching...

Cable Update (GBPUSD)

The 9am candle put in a lower high 9937 vs 9939 on my charts, BUT all of the short term trends are still up. I need to see if the opening of the main US Indices has any effect and say the 5 minute chart turning over, before even considering a small ...

Cable Update (GBPUSD)

Very quiet Frankfurt Open and hour, will the London Open bring some activity? So far the 5 minute trend is still up in cable and GBPJPY and the Euro´s just turned up, so looking as if the 9900 handle will be tested soon. UK PPI data at 4:30 and US ...

Cable Update (GBPUSD)

I´m sitting here at a quiet Frankfurt Open and waiting too see if the uptrend will continue towards the big 2.0000 level or will it turn back around the 1.9900 handle? I´m also catching up on last weeks posts... I have added a very simple filter to ...

34ema/atr

"When is up...." -----10:01 would be my guess! image

Cable Update (GBPUSD)

Cable´s not finding any buyers up here. The Euro´s made new highs, but cable´s not following - yet. I´ve closed my other position and will look to buy again lower...the overnight highs around 9835 would be nice and about a 55% retrace of this ...

Cable Update (GBPUSD)

Now its the London Open....lets see what they do....I´m still long, as the trend´s still up.

Cable Update (GBPUSD)

Yeh..great entry...I´d only just got up, so was a bit slow, but did get in and have taken profit as its stalled at one of my 200 EMA bands and the Euro´s having trouble around its earlier high.

Cable Update (GBPUSD)

So finally cable breaks above 9811....but a strange move - the Euro made new highs 20 minutes before cable moved. Finally at 9pm cable rallied from under 9800 to hit 9835 at 9:30pm. Now its just tested support at yesterdays high of 9811. So with the ...

Cable Update (GBPUSD)

As requested, my 4 hour chart. From what I see on this chart, I think we have an exhausted bull that needs some more food ( good news) to help it break above the 9814 / 9821 area soon - this could be a helping push from the Euro which is making new ...

Cable Update (GBPUSD)

I´m tied up at present and as I dont look at the 4 hour much during the week I´ll have to update it later image

Cable Update (GBPUSD)

From my EW comments earlier, I´m now working with the larger ABC retracement...A = 9724; B in just before the London Open = 9790 right in the target range, thus giving Wave C targets of 9719 / 700 / 679. I´m viewing this as a counter trend trade and ...

Cable Update (GBPUSD)

Darn it, my FF had reset itself to EST instead of EDT....hence showed 3:30. UK Visual TRade BAlance in at -67.9 Bn vs - 64 Bn expected....so negative for cable - but will that be sufficient for a move towards 9700? First support is the 745 area then ...

Cable Update (GBPUSD)

Looks like FF got the time wrong....other sites are saying UK Trade Balance is at 4:30 EDT

Cable Update (GBPUSD)

Just playing catch-up...some great posts on "funnymentals", makes me think that for cable I´d better start to take them more seriously! Here´s my techie´s EW update from yesterday..... Wave 5 was completed at 3:15 NY time, very close to its ideal ...

Cable Update (GBPUSD)

Here´s an updated hourly chart. Nice 5 wave rally, now in Wave 5 with targets of 9788 (just hit), 9811 and 9841. If the Euro and gbpjpy keep rallying I would expect these to come into play.

Cable Update (GBPUSD)

My comment was... "All the longer term TFs are pointing up....only 5 min down". More accurately, I should have said that the 15 min and hourly were still pointing up, as I´m not really looking at any higher TFs for my shorter term trades. Thus at ...

Cable Update (GBPUSD)