Thanx, just looking for a scalp, agree momentum is UP. Lets tweet the youth of England to go shopping again with bricks.

Cable Update (GBPUSD)

Yip I have just entered short with a SL of 1.6600. Need to manage my risk. My reasons are resistance at 786 Fib, May 4th and May 31st High. Might not work out, but no risk, no reward.

Cable Update (GBPUSD)

Also knocking against the daily 786 Fib, (A=1.67445, B=1.57773)and May 31st High - so expect some resistance. When she breaks through those the sky is the limit. well until the next resistance level.

Cable Update (GBPUSD)

Cable Up — Your graph says a thousand words, thank you!: Haven't posted for a while, but if the UK data didn't pound the pound today then in my humble opinion then it can only go up. Agree Cable needs to break through the resistance. I managed ...

Cable Update (GBPUSD)

Head and Shoulders / Crown — A picture speaks a thousand words - this is what I'm seeing. Hope I'm right - I'm short, target is 1.6000 image

Cable Update (GBPUSD)

Cable has hit the weekly downward trend line. On the weekly the right hand shoulder formation is still in play, until the previous high of 1.6297 is taken out. Based on this I'm short. - Current SL is 1.6325 - Target is the 0.50 Fib at ...

Cable Update (GBPUSD)

Looks like C@bl€ is going to bounce around until USD New Home Sales numbers out in and hour and 20mins..... I'll wait till then before deciding to add to my shorts....

Cable Update (GBPUSD)

image

Cable Update (GBPUSD)

Howzit Tau, hoe gaan dit in die Kaap?

Cable Update (GBPUSD)

Thought I'd add a picture. ("A picture is worth a thousand words" Napoleon Bonaparte) image

Cable Update (GBPUSD)

Mornin all - Thanx for your view 4X - We have had a bounce off the daily 38.2 and 100 day moving average - is this a just a wee retrace or a bounce. In my humble opinion I think it's the former and we'll see 1.5700 today. (Which happens to be the ...

Cable Update (GBPUSD)

Gotta love Forex - step away fro a few hours and she goes the other way. Still short and holding ..... for now.. - this is when you have to be patient!

Cable Update (GBPUSD)

US numbers in 5 mins should take us further down Currently sitting between the Daily 38.2 Fib and the 100 day MA - need a clear break of either to move Cable again!

Cable Update (GBPUSD)

1.5700 before 1.5800? - I'm short and sticking with it. Target is 1.5700 (The daily .50 Fib)

Cable Update (GBPUSD)

No prob - all good and shot for pointing out that they were wrong. Now lets capture some pips!!

Cable Update (GBPUSD)

Easy Chazz, no need to get on your high horse, just sharing what I thought would interst other traders, as I find forecasts interesting...

Cable Update (GBPUSD)

Interesting article on Bloombergs posted yesterday - think I also saw it on FF. “Rate hikes are currency supportive only if they’re consistent with stronger economic growth.” The currency will probably fall to $1.50 by year-end, he said. The pound ...

Cable Update (GBPUSD)

Hi GM, is your target the lower trend line?

Cable Update (GBPUSD)

I shorted 1 hour evening star and 4 hour shooting star yesterday. Also hit 618 A2 fib on daily. Right hand shoulder on weekly has formed, will short again in I get a signal - what goes up must come down, simple wave theory..... Happy with my reasons ...

Cable Update (GBPUSD)

Hmmmm SL hit, I'm out - will look for another entry to short.

Cable Update (GBPUSD)