I did say that 4966 is the line in the sand here for me, we are consolidating nicely on the M15 and M30. Going to be a nice setup within 30-60 min of London open.

Cable Update (GBPUSD)

NY open is another break range, so is news. I mark the range 15 min before the news to the end of the spike and enter once range is broken.

Cable Update (GBPUSD)

I don't use the Asian session as a benchmark as it does not range like it used to a few years ago, we now see some significant moves within the Asia session with commodities fluctuations driving the AUD/NZD and with all that is happening in JP/CNY. ...

Cable Update (GBPUSD)

I use 2 hours before London open as a benchmark range, once broken after London opens tells me the direction for the day and I then find entries based on ranges. Today London breakout range may correspond to 4966-4930

Cable Update (GBPUSD)

Range still holding, we are having a lovely setup on the way here with a range on the M15 together with a London breakout. Could set us up for the day.

Cable Update (GBPUSD)

25sma on the M15 and M30

Cable Update (GBPUSD)

Morning paw, I missed the spike had to get me some douwe egberts to get me going here. I am not going to get tempted in a scalp still looking for an entry once 4930 is broken on the way down.

Cable Update (GBPUSD)

I am still holding on, waiting for the ma to catch up first. 4966 is the line in sand for me for a possible retrace.

Cable Update (GBPUSD)

Morning boys and girls. We are ranging again, this time from 4966 to 4930 with 4966 being tested as I write this. Buyers are trying to bring this back up to 1.5 but I see the sellers keeping this below 4966 with a further move down to 4871 and 4782. ...

Cable Update (GBPUSD)

After a breakout to the bottom, the gap just got filled (especially for the gap traders) and we have resumed our range from Friday afternoon. 4977-5033. Either Tokyo or the health care bill will break this range. Tokyo will probably take it lower ...

Cable Update (GBPUSD)

I see three major long term effects in passing the healtcare reform bill, more borrowing, higher interest rates and a weakening dollar. They are talking about a one trillion dollar bill and it looks like they have the 216 votes now that Stupak has ...

Cable Update (GBPUSD)

Evening boys and girls, looks like a further break to the down side on both cable and fibre for now. I am watching with anticipation how the market is going to react after Congress is done today and Tokyo opens. I am flat, awaiting the open, still ...

Cable Update (GBPUSD)

I just closed my cheeky short, witching hour starting on wall st. am out, see you guys on Monday. We'll see which way she breaks on Sunday evening, may take a position then.

Cable Update (GBPUSD)

I got a cheeky short open, will close it later tonight, not wanting to carry it over the weekend.

Cable Update (GBPUSD)

I am done for tonight. Have a good weekend guys.

Cable Update (GBPUSD)

All it is doing now is ranging within a range. The NY boys are off to the pub now it is almost 2 o'clock over there and the CME boys are still out at lunch it is 1 o'clock over there, would you want to work on a friday afternoon? Half of the NY boys ...

Cable Update (GBPUSD)

got a long scalp on both fibre and cable see what happens in the dying hours of a friday.

Cable Update (GBPUSD)

Yeah I am scalping now, slow break out of the range. Germany just agreed that IMF can bail out Greece. good news for the euro, for a bit.

Cable Update (GBPUSD)

Use the same TF you used for your entry as your exit, just look for the opposite that made you decide to enter a trade as an exit. For breakout trading look at the earlier S/R's and reverse them in order, if one is hit and pierced aim for the next ...

Cable Update (GBPUSD)

My advise? Youtube. Just go back to the first of the month and look how the PA interacted around 1.5 we have been dancing around it since 1 March

Cable Update (GBPUSD)