It is all part of the toolbox, you need to know your ADR and yesterday close and open, the likelyhood of a intra day trend continuing past the ADR is less when it reaches the close or open and you want a good confirmation to stay in the trade. Look ...

Cable Update (GBPUSD)

The ADR on cable has been between 120 and 160 so missing 10-15 on the top and 10-15 on the bottom still gives you a range of 90-130 to play with. No need to trade every pip, just look for the setups that conform to your trading plan and give you the ...

Cable Update (GBPUSD)

Fibre does have a lot clearer reversal pattern in the making. But again it is countertrend and has no clear indication if it will have any momentum.

Cable Update (GBPUSD)

Solrac, I took three trades on three seperate fake outs too at a loss or barely getting out by the skin of my teeth. That is the cost of doing business, a normal business has overheads, we have our losses. Just don't let it kill your account.

Cable Update (GBPUSD)

Yes, and the unemployment claims from the US today to see if the bullish mood on the greenback is going to continue. In the longer run the dollar is a lot better off then the euro, it is not the currency of choice just that the euro is the currency ...

Cable Update (GBPUSD)

May be tempting, but building up short positions on spikes may just be catching falling knives as it could be a retracement in the making that is not going to stop at 4924, so unless your account can handle the 60 pip dd, I would just wait and enter ...

Cable Update (GBPUSD)

Yeah a bearish reversal on M15 followed by the breakdown of 4853 is key to me in the continuation. I want to see a consolidation range forming on M15 with a new support and resistance that needs to be broken. From here to Franky we could see the ...

Cable Update (GBPUSD)

And we still have that HnS, lots of conflicting signals today. M15 may just be consolidating here for a continuation.

Cable Update (GBPUSD)

Morning pawpaw, am flat looking to enter long on the retrace if it materialises, having a close look at M15 to support that.

Cable Update (GBPUSD)

Morning all. Let's see if she is going to fake me out again like she did 3 times yesterday. Did not have a good day yesterday, threw away some good pips by following the fakes. Looks like she is bearish on H1 and there is a reversal forming on M30, ...

Cable Update (GBPUSD)

Almost 6 GMT, trade your plan. I don't like the PA right now and that darn S2 is not going to catch me out again. She may move back up to 491##. I may have a look at it later tonight. Dinner time. See you guys later.

Cable Update (GBPUSD)

That S2 got sticky fingers though. I fell for it 3 times today. A lot of effort for not much return.

Cable Update (GBPUSD)

I'm out, had enough. This was now the 3rd false breakout below 49897 and I don't have the patience this late in the day to see if this is the real one.

Cable Update (GBPUSD)

Not necessary, can also be used to define a range between support and resistance.

Cable Update (GBPUSD)

Amen.

Cable Update (GBPUSD)

Same here, 4875 will probably be stubborn as London is closed.

Cable Update (GBPUSD)

Treasury debt sale auction by US government, weak demand, higher then normal yield, less foreign buyers.

Cable Update (GBPUSD)

T-bill auction

Cable Update (GBPUSD)

No

Cable Update (GBPUSD)

Short 48987, this may be the next leg down, finally; she's been ranging for hours here now.

Cable Update (GBPUSD)