Looks like news of better than forecast CPI numbers has leaked. 10 pips away from my SL. Eeeerrrrrggh

Cable Update (GBPUSD)

Thanx Tau, hope we're not being trapped!! - anyway happy with my entry so what will be will be!

Cable Update (GBPUSD)

At last some Bearish signals - Evening star on the 1 hour and a Shooting star forming on 4 hour (off A2 = 618) and at a cent level. Think I'll have a little whirl at this for a short. SL = 1.5990 - TP 1 = 1.5815. TP 2 = 1.5728.

Cable Update (GBPUSD)

GBP news seems to be a bit of a mixed bag. hasn't really moved the Cable. Think it's time to start loading some shorts.

Cable Update (GBPUSD)

Yip was about to add, if we get there. I'm sure we will before the end of the week, maybe even today?

Cable Update (GBPUSD)

Will look to short cable from 1.5700. Reason nice fib convergence A1=618 and A2=382. Also a cent level.

Cable Update (GBPUSD)

Good call Tau.. I'm with you

Cable Update (GBPUSD)

Hi Tau, how ya doin? Long time no "speak" - I'm long Cable, coz it follows EU. Have a great festive season

Cable Update (GBPUSD)

Will start buying at 1.5750 - reason - 4 hour & 8 hour on the whole are making higher highs and higher lows.

Cable Update (GBPUSD)

Shorts closed, will look to get back on the elevator to the top floor.

Cable Update (GBPUSD)

Elevator trading — I'm on the elevator, hopefully heading to the basement. - current target is 1.5800.

Cable Update (GBPUSD)

Just got off the elevator at the top floor. Will now will look to short from up there.

Cable Update (GBPUSD)

Good point!

Cable Update (GBPUSD)

Based on that fact alone, I'll buy another #

Cable Update (GBPUSD)

Based on news, the elevator should start it's ride back to the top floor!

Cable Update (GBPUSD)

Looks like another day of "elevator" trading - buy at the bottom floor, sell at the top floor. I'm long - reason - all time frames (4 hour, 8 hour and daily) are making higher highs and higher lows - Stop loss at 1.5650 - Target 1.5840. Good luck to ...

Cable Update (GBPUSD)

Just closed shorts - That's it for me for this week, good luck to all of you still in trades.

Cable Update (GBPUSD)

Looks like the bulls are getting ready to mount an attack on the WALL at 1.5830. I'm going to image for now!

Cable Update (GBPUSD)

[quote=50d;4234594] Agree, medium to long term forecast has to be bullish... This time 3 years ago Sterling was 2:1 to the $.

Cable Update (GBPUSD)

She hasn't closed above 1.5830 since 24th November - it's a BIG barrier, but if she closes above it the bulls will run amok. I'm gonna short with a tight stop loss of 1.5850 - target the UTL.

Cable Update (GBPUSD)