Don't worry, 538 is a big line in the sand that has been in play for over a month, I closed my short just above the pivot and don't care too much that she went further South, a win is a win. It will take quite a bit for PA to pierce 538, if she does ...

Cable Update (GBPUSD)

Oh I don't care about the mistake we all make them, me included. I just didn't like how he shot down everyone who was short including pawpaw. If you disagree with someone, which you are perfectly entitled to, there is no need to shoot everyone down ...

Cable Update (GBPUSD)

Closed my shorts on airline and GS yesterday. I did say a week ago that with this High pressure in the Atlantic it could last a week and it did. Am now keeping an eye on the compensation claim to long the airlines. BA is in excellent shape Willie ...

Cable Update (GBPUSD)

There are quite a few dividends due next week and large corps are changing dollars into sterling. BP alone needs about 3bn.

Cable Update (GBPUSD)

Time to eat your words and to stop having a go at everyone who has an opinion opposite to yours. The words humble pie come to mind. Guess you got stopped out on both your fibre and cable longs, you spend 3 pages shooting down everyone who was short ...

Cable Update (GBPUSD)

Numbers are not that simplistic, the monthly claim count reduced while the quarterly went up indicating that the last month of the quarter saw a slight reduction not quite compensating for the large drop in Jan and Feb, the MPC minutes this time did ...

Cable Update (GBPUSD)

Not me, that would have been a bit of a knee jerk trade with the M30 still indicating we might see 534ish. We have been in a bit of a range since london close between the ma's on M30/H1 and the PA is still trapped here. I want to see a solid close ...

Cable Update (GBPUSD)

Closed at 5365. Done scalping, tea is ready. See you guys at Franky open.

Cable Update (GBPUSD)

We are not going to get a rise tomorrow, but yes if interest ever goes up in about 3 or 4 years or so it will give an impetus to the pound. An interest rate hike is so far in the future that by the time we get one it will be priced in the market.

Cable Update (GBPUSD)

BTW scalping some longs on the M5 wave. Just bodysurfing really awaiting the proper wave. EDIT: My last little scalp long from 5356 may just turn into something here

Cable Update (GBPUSD)

Or the area of ambiguity (turn screen upside down) image

Cable Update (GBPUSD)

My backtesting shows me that this is a cone of confusion we are in now, on my H4 there is no room left to go up but my M5 is at the bottom of my screen.

Cable Update (GBPUSD)

Closed at 5365, don't like the PA interaction on M15/M30 around the 25/150ma. Awaiting further entry.

Cable Update (GBPUSD)

long 5350

Cable Update (GBPUSD)

Why swim against the tide?

Cable Update (GBPUSD)

Aiy, changed it. IF the dixy continues to slide and we see a close on at least M15/M30 above the zone we will be playing the 538-55 range again like last week.

Cable Update (GBPUSD)

I am flat now having closed all my longs, I am looking to short here. Am watching the PA interaction with this 538-539 zone before taking a direction. So all is not lost yet pawpaw. A close above this zone will see 55 again.

Cable Update (GBPUSD)

It is called scalping the resistance, go ahead google it and while you are at it google "proper forum behaviour"

Cable Update (GBPUSD)

Always!!! I set my targets and patiently wait for them to be touched. This one took a few hours but will get there in the end.

Cable Update (GBPUSD)

Coming up.

Cable Update (GBPUSD)