If it does break up, then we could be seeing 1.60858 and then 1.61584 and finally I have top of channel 1.618 (ish), but we need something to kick it either way, maybe something like the news this afternoon.

Cable Update (GBPUSD)

This is such a small range on the hourly chart that I need to see a break either side before we can know the next big move. Will wait for NY open so in meantime have been long on GJ and short dollar cad

Cable Update (GBPUSD)

What range? Was in your neck of the woods yesterday so couldn't trade but it doesn't look like I missed much.

Cable Update (GBPUSD)

Same here in Wales Nav

Cable Update (GBPUSD)

PT, it is what I am trying to do, and to be fair I am moving further and further away, I even made it to the toilet once

Cable Update (GBPUSD)

wtf....just went on the phone and came back to all the lovely profit on eu nearly eaten....ah well never mind...seems to be going back and sl at be no scrap that, trailing

Cable Update (GBPUSD)

closed gu long at be, still short eu

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long since 1.60126 gu but about to short eu entry 1.29450, just think they are on opposite journeys at the moment

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Well its good to read your posts anyway..I try to avoid when trading though, miss lots of entries and to be honest I am crap at managing pending orders

Cable Update (GBPUSD)

Simple rule for me today....wait 1 hour after Mario finishes for everyone to digest and then we will see direction for rest of day. If I miss it then so be it. Technically, everything says down with the Euro but for some reason, still not convinced ...

Cable Update (GBPUSD)

Thats what I'm working off but your right, time will tell. Good luck mate

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Hi Greg, I believe that was 5th wave which means some correction up before next direction taken. If you look at your chart, there are a couple of waves before you have drawn first line. regards

Cable Update (GBPUSD)

I'm taking low 1st June up to high on 21st Sept for that fibo level and its right on there. Think we will see 1.59 but want to see it break this, just dropped below actually. if its a true break next fibo is 1.59109 (a little lower than what I said ...

Cable Update (GBPUSD)

its hanging around this 23.6 fibo on the daily which has been pretty strong support in the past so would love to see it break this. If it does, 1.59213 comes into play

Cable Update (GBPUSD)

I'll be closing soon having ridden this down since Friday. Feel there may be a small retrace before further movement down so will look to re-enter later. Bollinger band on daily at 1.60549 so could be a bounce from there

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when you do, just promise to let us know before you open your mouth

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ahh bless

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ok thanks

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Hi Fontu, is that off an elliot wave? I was shown these some time ago and have started using again on H4 charts only. I have 1.61042 ish which is good verification that I still know how to use it.

Cable Update (GBPUSD)