Good jolly banter on the trading floor, I love it. Edit: pawpaw may just get his way here, lucky sod.

Cable Update (GBPUSD)

Oh I can count, all the way to a hundred, we all now you can count to a hundred and back.... Seriously though the reason why I feel this retrace has some bite to it, is the 150ma on H1 we are set to range for a bit here before a clear direction.

Cable Update (GBPUSD)

Not me, not convinced yet we are going back down, this retrace has some bite left in it. That little down candle was NY open in my oh so humble opinion. And I got a bit of an issue with that 150ma on H1

Cable Update (GBPUSD)

No it is a bullish continuation of the retrace, hence a consolidation of the bearish reversal of the initial retrace that was consolidated into a bullish formation of the continuation. Yes, we going UP

Cable Update (GBPUSD)

Actually it is a bearish consolidation formation leading to a bullish continuation. In English? We are going up a bit more.

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No, this is a bear flag

Cable Update (GBPUSD)

You can still use a break of the 518 level as another setup for a short, but not on the first candle you see that dips its toe below the line, look around you at other TF's, MA's, SR's etc. does it warrant a further move or is it just doing it to ...

Cable Update (GBPUSD)

I am just trying to make you think and keep you from entering a trade because your old plan for the earlier trade is still in your mind. The landscape has moved on, you need to formulate a new plan for the current PA. Once you enter a trade, turn ...

Cable Update (GBPUSD)

Of course that was a good entry because the M5 dropped below the 25sma and there is no room left for the retrace to develop further and we had a momentum change on M30 and the H1 dropped back below 150ma?

Cable Update (GBPUSD)

Apologies for rattling the cage here, but one cannot mix strategies and trading styles, if one is a day trader, one will safeguard your 100 pips, put a SL at BE+85 or anything along those lines and a TS for the rest of the run, if you are a longer ...

Cable Update (GBPUSD)

You are up a 100 pips, put your SL at BE and watch it all flush down the drain, have a peak at M5,15,30 and H1, you cannot get more confirmation of a retrace then that, we just closed back above 518 on the M15, it took a week to get below it last ...

Cable Update (GBPUSD)

Look at it this way, I find 10-20 ruby's a week and f@ck the diamond that comes around once in a blue moon.

Cable Update (GBPUSD)

Look at your 25ma on M5 and M15, why be stubborn? A 100 pips is a 100 pips, find em 2-3 times a day and retire.

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My question is tough, why not cash in at 513, take your 100 pips off the table and see where to enter next, why let the market take away your profit? We are heading for 52389, I don't see the point in giving money back. Take your 100 pips and ...

Cable Update (GBPUSD)

Arbritary statement, where did you get those numbers from, your muesli?

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Not looking good on M15/M30, did not want to take your profits at the bottom? Took mine at 513

Cable Update (GBPUSD)

It doesn't affect the price of dollar directly as a correlation, it shows confidence or lack thereof in the dollar. If auctions are undersubscribed and the spread increases it shows a lack of confidence, look what happened to the euro when the ...

Cable Update (GBPUSD)

Out at 513

Cable Update (GBPUSD)

Shouldn't that be "held"? Bloody foreigners on this thread...... thought you had work to do...

Cable Update (GBPUSD)

We will tremble with anticipation, have you figured out how to post one yet?

Cable Update (GBPUSD)