If you draw it from that swing low on the 5th, you can see there is a bit more room left. Also draw an inside trendline of that low of the 25th. Now you have the whole picture. Based on those TL's we are looking at 50460

Cable Update (GBPUSD)

There are plenty of times where a currency moves without me if I can't be convinced or find an entry that suits my trading style, like you say live to trade another day. There is no way you can or even should trade every pip.

Cable Update (GBPUSD)

The range breakout played out beautifully, a break followed by a test and a stop at 4965 all pretty much to the pip. Took my profit of the table, let it settle here before any further move.

Cable Update (GBPUSD)

Hoenig still the only dissenter. No change there either, same wording, inflation likely to be subdued, economic recovery is progressing, pace likely to be moderate for some time, gradual return to higher levels of commodities use, housing starts to ...

Cable Update (GBPUSD)

no change

Cable Update (GBPUSD)

We have found ourselves in a bit of no-mans land, key here is 4909 for a move to 4965 and 4886 for a move to 4814. We had a bit of a surge/bounce on the LC, give it 50 mins for the NY boys to clear it up a bit better for us. I still would not long ...

Cable Update (GBPUSD)

Not if 4909 is holding, 4862 will be next.

Cable Update (GBPUSD)

And another one.

Cable Update (GBPUSD)

Yup, this place is character building, no sense crying.

Cable Update (GBPUSD)

This is a trading thread a place where we can share the gossip, some of snippets of news, our trade calls when we feel like it, post a few charts here and there and generally just get through the day while we wait for our setups. Ridiculous calls ...

Cable Update (GBPUSD)

If you consider this thread a joke, why even bother posting then? This is a trading thread, not a we-will-hold-the-hand-of-every-newbie-and-take-him-to-the-trough-thread. Like Lion use to say why teach someone how to fish, it will only mean you ...

Cable Update (GBPUSD)

In future you may want to turn your screens upside down....

Cable Update (GBPUSD)

Now you are confusing yourself, you say you closed your long but think it is going higher, you a contrarian trader to your own beliefs?

Cable Update (GBPUSD)

The old rule of FF still applies, just trade opposite whatever anybody says here..... We could make an indicator out of that and sell it.

Cable Update (GBPUSD)

Fibre heading north? What chart are you looking at out of interest, not questioning your call though, would never do that....

Cable Update (GBPUSD)

You'd better, too many underage kids here....

Cable Update (GBPUSD)

You seen the new forexfactory home page?

Cable Update (GBPUSD)

Here are the full minutes.

Cable Update (GBPUSD)

Well that teaches you to expect the unexpected in forex

Cable Update (GBPUSD)

Like I said, just wanted to throw a spanner in the works, I keep an eye on SR's if they hold I am happy if they go the trade gets closed and the entry reassessed. 200 pips, never. I close trades at times at a mere 5 pips because I know my entry was ...

Cable Update (GBPUSD)