1m charts for extra detail — Reading through some of the posts I wondered how may traders are using the 1m chart to help in this range bound market. I find them invaluable, not only for scalping, but also for confirming a longer term entry. ...

Cable Update (GBPUSD)

As I´m in Europe, my time zone is EST +6 hours, but I always post in NY time to avoid confusion. Whilst I´m not confused about time, I sure am about where the market´s going!! I had hoped that the Brits would have taken it higher, towards the 9650 ...

Daily Cable Analysis

Mfg PMI — Well news came out as 55.4 vs 53.0 forecast....a difference of 1.3 should have given cable a good boost. I guess a falling Euro and rising Swissy scuppered that. Now its sit on hands time till the 6am news - that´s supposed to be ...

Daily Cable Analysis

In the Balearic Islands, in the mediterranean....they love Fiestas!!

Daily Cable Analysis

Thanks...got 3 brokers and 3 platforms, but on new ´puter, so wasnt totally configured, so lost time and missed the drop - then the bounce. Its a holiday here, makes me think about taking the day off....lol what´s that!

Daily Cable Analysis

Thanks...I´ve tried that. Seems to be a broker problem - UGM frozen, Interbank OK. BTW, what was the answer to your Post 7300 on P487.....my reply was 7316 on P488....interested to hear. Thanks Jono

Daily Cable Analysis

MT4 frozen? — Any MT4 users got problems? - my feed´s frozen up

Daily Cable Analysis

Monarch´s brain teaser — Well in the Stock Market you´d call this distribution as the big players slowly sell their long positions and start getting short, whilst keeping the price as high as possible - I dont know if the same thing happens in ...

Daily Cable Analysis

Bad Durable Goods data for the dollar, Euro makes new highs by 20+pips, Swissy new lows and gbp cant even reach back to this mornings high....something´s up and I´ll sit it out for now. I´m thinking anything slightly good dollarwise and gbp´s gotta ...

Daily Cable Analysis

GBP 5min — Here´s what I see...IF the W2 Low at the 61.8% retrace can hold AND price breaks above 9673 - W1 high - then it will bring the targets on the chart into play. The Euro and Swissy look supportive, so if the data is bad for the ...

Daily Cable Analysis

Sideways again — After 4 hours of drifting sideways I cant see any strong clues as to which way it will break. Above 9640 will favour a test of todays highs and below 9613 a test of the lows. Both can have valid wave counts. I do feel that it ...

Daily Cable Analysis

Woops chart now attached

Daily Cable Analysis

Cable 1m at 05:45 — Here´s what I´m seeing off my 1min chart...the higher Low 0 at 4:42 gave a Buy around 9619 that was worth over 10 pips and the retracement Low 2 at 05:11 gave a Buy around 9625 and is still in play

Daily Cable Analysis

EW off 30mim — This is a possibility off my 30 min chart. There is plenty of support around the 9600 level, but a spike down to these Wave A targets of 9571 or even 9545 would come into the area mentioned by Monarch in his last (9589 / 562) So ...

Daily Cable Analysis

Its getting late on a Friday afternoon and the London traders are remembering its Poets Day, so they´ve lost interest. I´m starting to think about a San Miguel quality control test myself!

Daily Cable Analysis

Darn it, I was slow picking this up....off todays 5m, from this morning´s low at 9543, W1 = 588; W2=567;W3=630;W4=613 making W5 targets 656/63/76 Got some pips, but was eating lunch.

Daily Cable Analysis

I should also add that the average weekly range is around 287 pips, with this weeks low of 9435 on Monday that would make.....9722....is that how you arrived at 9720?

Daily Cable Analysis

LOL Banda.....that might have sounded far fetched, until you remember the statistics....the average daily range of cable is around 125 pips, so if todays low is already in at 9544, that targets the 9670 area for todays high!!

Daily Cable Analysis

Yep its certainly messy Elliott-wise and I think its too easy to get hung up trying to aways get a "nice" EW move to fit the chart. I would sumarise what I am seeing as either we get a Lower High - that would bring my ABC correction into play OR we ...

Daily Cable Analysis

EW now off 15m chart — I´m new to posting a chart, but this is a possibility, where W5 has failed to move past a slightly short W3. The Asian session makes life difficult on short time frames as there´s so much sideways action.

Daily Cable Analysis