There is two ways to look at this, one we are wrong, two we bought at a great discount, based on the latter it is worth the effort.

Cable Update (GBPUSD)

I am long from 52368. A risky trade, but it has merit based on my earlier analysis. Not for the faint hearted. 5226 will need to hold for this to materialise.

Cable Update (GBPUSD)

Lovely news trade setup, set a range from the hi-lo at t-15M and trade the breakout.

Cable Update (GBPUSD)

I think that the 10yr auction today could have a greater effect, if the auction goes as bad as last week's we could see uncertainty about the dollar. Last week's 5yr did not go too well and the 10yr is the benchmark. Couple this with a increasing ...

Cable Update (GBPUSD)

Compliments on the strategy, don't be swayed by any tom dick and harry. Go back to previous elections and you can see the volatility in the weeks leading up to them. I history is anything to go by we will probably continue to see a range of 48-53 ...

Cable Update (GBPUSD)

My comment to you is though, we had a retrace from 513 and if you do expect 538 as I do, that is a lot of empty beach to ignore.

Cable Update (GBPUSD)

The DP was tested on M15, M30 and H1, however closed above on all 3 so I consider that the DP was not broken, therefore my bullish outlook for today still stands. Would want to see a solid close below the DP before I consider it broken.

Cable Update (GBPUSD)

Morning all, I am looking at levels to the North here. PA remaining above the DP and the 150ma on M30 acting as a barrier for further moves up. 5125 and 5237 are strong support on H1 and looking to break 5380 today. the PA on H1 tells me the DP is ...

Cable Update (GBPUSD)

You drinking again? Or smokin the pancake?

Cable Update (GBPUSD)

I wasn't going to point fingers.......

Cable Update (GBPUSD)

If you look at the posts in context, you will see the banter between pawpaw, bbakker, kill and I over a couple of shorts at the bottom of the day's range and a few guys handing back close to a hundred pips to the market. I agree the post taking out ...

Cable Update (GBPUSD)

I do hope you research your trades a bit better than this thinly veiled attack on me.

Cable Update (GBPUSD)

It is brilliant, I spend a couple of years with quants in the City, all PhD's Oxford and Cambridge. They seemed to have their own language to communicate among themselves and we ended up shipping them of to a seperate research centre, they did bring ...

Cable Update (GBPUSD)

Q, I love conviction, enter trades with it all the time and do lose, just wanted to share the opposite reason for your trade. There are two sides to a coin and different ways of trading, I have the utmost respect for Quants and historically they do ...

Cable Update (GBPUSD)

At least a short here will eventually work out as we haven't past 53 in earnest in weeks, as long as you can handle the drawdown and don't mind a slow PA with a bit of ranging and still a risk of an upward break to 53. I am going back to my analogy, ...

Cable Update (GBPUSD)

You are missing the point, it is not staying here and entering a short or long here without any confirmation is just paying your broker commission for no result and no PA direction. And it is not staying here because we have reached wave 3b6j3l88, ...

Cable Update (GBPUSD)

That is a high risk long as the range has been below 53 for weeks and there is no solid breakout confirmation to change that view.

Cable Update (GBPUSD)

In brief, the DP acts like a SR, and as such will need close monitoring for reversal of its role. The DP is now acting as resistance for the upward trend that started at 513, the daily low. Interaction with ma's as detailed in my earlier posts tell ...

Cable Update (GBPUSD)

Question asked and answered. Let me ask you a question, historically how does cable interact with the DP? And thanks for asking, dinner was great.

Cable Update (GBPUSD)

The only problem is, it is not going to stop at 5273, not a problem if you are long, pretty buggerred if you are short though.... I agree, pretty sharp, just stuck the wrong end in the sharpener. hat,coat, I AM going to have dinner.

Cable Update (GBPUSD)