I am not one to hold trades over the weekend, especially with the G8 meeting. You never know what one of these monkeys is going to say. BTW the move was 161.4 pips

Cable Update (GBPUSD)

weekly TL as support — Look how this TL is now acting as support, I would want to see a full bar below on the 15 before I am convinced we are going back down.

Cable Update (GBPUSD)

15/30 But this lTL needs a close below: url And this one is now acting as support, so be careful here: url And the NY boys are out for lunch. They got what they wanted, the high so there is not much left to do here this late on a Friday.

Cable Update (GBPUSD)

HA, the NY boys could not resist, they had to set the high. Now let's see some profit taking here.

Cable Update (GBPUSD)

You'd only be picking the tops and end up with smelly fingers. Why not wait for the PA to consolidate before it moves down, after a move like this it is not likely to bounce right back down again, it will need a bit of consolidating before the river ...

Cable Update (GBPUSD)

Job done, now anyone thinking of a short will have a higher probability of success. Not for me though, too late on the Friday and I don't hold daytrades over the weekend.

Cable Update (GBPUSD)

4994 is the next touch to complete the TL that started Monday.

Cable Update (GBPUSD)

Trading is a game of propabilities, what is the probability of a TL that has been respected all week to be ignored in the last hour of the last day of the trading week, unless there is loads of profit taking here. And that is not a trade setup I ...

Cable Update (GBPUSD)

Just keeping it simple, some here try to overcomplicate this trading malarkey

Cable Update (GBPUSD)

So there you go three posts with 3 simple TL charts that have worked since Monday open.

Cable Update (GBPUSD)

And of course this is still the longer time TL that has been in play since Monday, beautifully respected and nicely played.

Cable Update (GBPUSD)

4985 — And this is why 4985 is key

Cable Update (GBPUSD)

lTL M15 — If this holds we'll see a new high, if it goes your shorts may live....

Cable Update (GBPUSD)

Sorry Lower Trend Line

Cable Update (GBPUSD)

Like I said 4985 is your key, a rejection of that and your shorts may have some life in it, a close above and the week's high is going to go. So far it has been a standard day, LO gave us the drop, we had the reversal and NY gave us the top, from ...

Cable Update (GBPUSD)

Baruch, just looked at your chart again, you running your shorts in the red now by close to 50 pips? You may need to have those stops above 1.5. 4985 is the one to watch. But please trade your own plan, stops and MM.

Cable Update (GBPUSD)

There is nothing here that tells me a short is valid yet. Even looking at your chart there is nothing indicating a short from here. We first need a solid rejection of 4976 first. I don't like picking tops, especially on a Freaky Friday in the ...

Cable Update (GBPUSD)

Here we go, job done. Will keep an eye on the PA for a bit to see where this is going, while watching the footy.

Cable Update (GBPUSD)

Just make sure you put the weight on the right side.

Cable Update (GBPUSD)

The broker thread has close to 50,000 posts regarding brokers, start there.

EURUSD