I have the 78.6% retrace of the last big wave down on the 4 hour chart as 234.45.....its just got there, so there might be a pull back. That wave down started at 238.10, so there´s plenty of air above 234.45 when it gets broken....and plenty of time ...

Daily GBP/JPY analysis

I guess the forth bounce of the 231.55 area with higher momentum gave the answer......now almost reached the 161.8 extension

Daily GBP/JPY analysis

Shorted cable on its first test of Fridays high....got out with 2 pips when it reversed and took out that high and some stops above.....but so far, no follow through above the 9735 area. Wonder if this will be a Big Ben fake out move? Loads of ...

Cable Update (GBPUSD)

GBPJPY Monday 2:15 NY time — The break out of this triangle should give a nice trade

Daily GBP/JPY analysis

Woops....guess I got the wrong 100 levels! Cable + 149 in 82 minutes and euro + 106 in 72 minutes - that´s some rally!

Cable Update (GBPUSD)

Chicago PMI came out at 61.7, vs expected 49.5 - thats a good ammount better and should be positive for the dollar....but so far cable´s only down about 15 from pre news levels and the Euros hardly moved. Its making me think that the big boys are ...

Cable Update (GBPUSD)

Hi Tycan...yes, changing from an EMA to an SMA will make a difference which will be greater the longer the TF. Also in Meta 4 there are a number of other variables than you can use. For me, the 200EMA of the close is the bell weather MA, I use it on ...

Daily GBP/JPY analysis

More than a year ago I researched a number of markets, including cable. This was all hand written in a large notebook. I did look at the ranges of the days of the week to see if a "Larry Williams" methodogy could be applied to cable and at that time ...

Cable Update (GBPUSD)

Yes, thanks for bringing up the potential tri star doji....theoretically it forecasts action....:-) So far this year, there have been 3 sets of 2 days with a range < 90 and 1 with the very rare 3 days <90, all followed by a range greater than ...

Cable Update (GBPUSD)

Excellent advice, you might also try a 200 EMA with +/- 60 and 120 bands on a 1 minute chart......great hits at 00:02, 1:35 and 3:00 so far today image

Daily GBP/JPY analysis

Another anaemic start to the European session.....25 pip range from FO to LO, followed by a lower high and a little sell off, still yesterdays range was only 20. The last two days range have been 84 and 81....about 50 less than the current average ...

Cable Update (GBPUSD)

LOL..I´ve heard about throwing pebbles into the pond...you like to toss in bloody great big boulders!

Cable Update (GBPUSD)

Not only creepy....but Very Rare.....to quote a certain well known expert on candlesticks....the Tri Star Doji is a very rare and very significant Reversal Pattern.... The last monthly Low / reversal was off 1.7045 in November 2005 and it came after ...

Cable Update (GBPUSD)

I see what you mean, cable rallied from April 2nd for 34 days....an interesting number....for +1735 pips...had 11 days with a range > 200 pips...now if only.......

Cable Update (GBPUSD)

LOL...just as long as I can keep in front of it I´ll be happy....getting shafted by a tomahawk is not high on my wish list

Cable Update (GBPUSD)

Yep 9:30 set up a very ST sell in cable and GBPJPY.....a clearer signal on JPY with a failure at the same level 22 mins earlier AND held again by its 1 min 200EMA. Cable dropped 20 pips, GBPJPY 60.....nicer trade, even with the spread. I´d better ...

Cable Update (GBPUSD)

All I can see is buy towards 9600 and sell towards 9700. Around 9650, if you´re flat......use that well known trading tool.....the coin. LOL.

Cable Update (GBPUSD)

Whilst this is not new news...Iran already sells some of its oil priced in other currencies, I dont think it will help the dollar in the longer term. Also, other countries are rumoured to be considering a similar move. image image KUALA LUMPUR, ...

Cable Update (GBPUSD)

Out for +5 and now flat, will wait to see what the Brits do after LO - UK Current Account data at 4:30 EDT

Cable Update (GBPUSD)

A small spike down just after the Frankfurt Open and then bounced off the 9625 level for a new low of this move. Back up to the 1 min 200ema. Stalled there with 1 min stochastic at 90 so I sold at 9642 and will see where it goes.

Cable Update (GBPUSD)