Hedge your trade with those 2 positions as T/P. lol.. If only it was just this easy.

Cable Update (GBPUSD)

Though nothing is a surety, having an educated guess never hurts. I have scalped the longs up and the shorts down and am still looking for a better position on the short side of things. 1.6 would be good, but might limit the fall. If we have a full ...

Cable Update (GBPUSD)

If one was to only look at a 4hr chart, this might make sense. But...lets check out the weekly. We have lost support of the chart, have a weakened bullish outlook and have gone subzero on the MACD. FWIW...maybe have a check back on any time frame ...

Cable Update (GBPUSD)

Make or break time. 15M resistance crushed through, the pull back to the 1M support...now, where?

Cable Update (GBPUSD)

The game of resistance becoming support. Gotta love it. Makes guessing more then just coin toss or throw at the dart board to be sure.

Cable Update (GBPUSD)

So, that's what zulu trading is. Mystery solved.

Cable Update (GBPUSD)

A retrace to top is not only possible, but most likely probable. From here, depending on when it happens or how long it takes, a close here would put us in the run for the 30m 200EMA, currently 1.6024. I am still bear sided myself, taking small ...

Cable Update (GBPUSD)

A good argument could be made for a short sided position here...we have cracked 15m resistance, but haven't been able to close.

Cable Update (GBPUSD)

Stopped dead on the 200EMA on the 15m chart...but above the utl... Where she gunna go now?

Cable Update (GBPUSD)

Another 17 hour tight sideways channel of trading just like last Tuesday.

Cable Update (GBPUSD)

Hrmmmmmmmmmm..........

Cable Update (GBPUSD)

All good in the hood here mango...Aint been round, cuz there aint much to talk about. When she runs into a trend, only really one thing to chat about, and thats on the retraces. Taking some time away from the shorter terms now, gunna keep eyeballs ...

Cable Update (GBPUSD)

Looks like support has now become resistance.... 200EMA 5m chart.

Cable Update (GBPUSD)

Or, if trend lines are more your bag...check out the hourly for next resistance....

Cable Update (GBPUSD)

It isn't so much the top side resistance that is important for what I see as much as it is the bottom side support. As this moves up, so does the attempt for higher highs. As we are still in a downtrend(longer term), a buy back is well expected, but ...

Cable Update (GBPUSD)

A move to the southside really comes as no huge surprise as the bullish movement of the chart has weakened. Throughout the week we seen head fakes to the positive, but ultimately closed red on the week. The area that we retraced to was the 24SMA on ...

Cable Update (GBPUSD)

It has been a Crazy ass week. No clear direction, because as soon as we seem to confirm direction, the direction reverses again...Made for some nice plays, but personally, I prefer a little more by way of confirmation and true direction.... My ...

Cable Update (GBPUSD)

The same 55EMA on the 15m that was holding us down as resistance yesterday could prove support today. If 55EMA holds, expectation of longside shorter term target in the green circle, approx 1.6225. Chart 1, yesterdays resistance... Chart 2, ...

Cable Update (GBPUSD)

14Hours of closing inside of a 40 pip channel.... -Flatlined-

Cable Update (GBPUSD)

Price Action on the 15m looks like this...dotted line, 55EMA.

Cable Update (GBPUSD)