But we are still ranging, the range has gotten a bit wider now formed by 4988 and possibly 5027

Cable Update (GBPUSD)

4988 is now the lower end of the range. Break out ranges can move down a few pips at a time caused by false break out creating new levels of support.

Cable Update (GBPUSD)

IF we break 4976, 4944 and 4871 are important

Cable Update (GBPUSD)

Told you it would not reach 115, lousy setup for a scalp!! If you get a test of the lower range in a breakout like that it tends to reverse to the middle of the range before trying again, Cable is like a little child if you tell it not to do ...

Cable Update (GBPUSD)

If you scalp this one I reckon it is going to stop at 50115

Cable Update (GBPUSD)

Why scalp for a few pips with a low R/R when you can find 2-3 break outs a day for 200-300 pips? You want to scalp because you feel weird not having a trade on the book? Don't let me stop you, this one is not going to reach 24

Cable Update (GBPUSD)

Spot on, sucker break.

Cable Update (GBPUSD)

False breakout? profit taking? no close below 4995 yet.

Cable Update (GBPUSD)

I like fibs and use them to gauge exits and to gauge the strength of a reversal/extension. If we go up my initial target is 5079 as that was a moment of hesitation on the way down and may well turn into resistance on the way up, next is 5089 as it ...

Cable Update (GBPUSD)

If 70 is your target why take profit at 55? It is like throwing your rugby ball at your feet because you cannot be bothered to pass it to the guy behind you.

Cable Update (GBPUSD)

You will have a lot more fake breaks on M5 especially on cable, the only time it is good was if you get a momentum break like the last one, that's why I entered early judging the momentum. Don't try this at home unless you have seen a few hundred ...

Cable Update (GBPUSD)

Yeah still here, usually on the screens from 0600 till about 1800 mo-fri. I am expecting a break up, but I don't trade my expactations, just what I see

Cable Update (GBPUSD)

Both gold and oil were down earlier in the session and have stabilised now, oil below 80 and gold just a fraction above 1100. This may slow down the action on the dollar a bit.

Cable Update (GBPUSD)

I don't think we will, the big boys took their money of the table and are in the pub by now. Today is option expiry for currency futures; in 6 minutes trading stops. We set a beautiful line in the sand for next week I am keeping an eye on 5027 and ...

Cable Update (GBPUSD)

The health bill is still 6 votes short before Sunday. Obama is throwing the entire weight of the democratic party behind this to get the 6 votes, and I think he will. If that happens be glued to your tv on Sunday because this one is going North fast ...

Cable Update (GBPUSD)

obamarama is speaking

Cable Update (GBPUSD)

We'll probably take another stab at it

Cable Update (GBPUSD)

Here she comes, trailing the stop now

Cable Update (GBPUSD)

Blimey, you turned into an expert after one lucky trade....

Cable Update (GBPUSD)

Am scalping some shorts to see if it is going to make it to 1.5, there was a lot of momentum in that last move down.

Cable Update (GBPUSD)