Depends on what you call new lows but your looking at some were around 1.40-1.35 area for the next turn point on the down leg to either make a double bottom or come down to 1:1. I do not know what is planned I just know what the next move is and ...

Cable Update (GBPUSD)

Why a bounce? History...go look at previous times when price has moved through that area and failed see what happens after the fail

Cable Update (GBPUSD)

I think you could have a good bounce around 1.50 area back up around 1.53-54 area before we see sub 1.48 area...my view

Cable Update (GBPUSD)

As far as dollar being replaced as the reserve currency. When the US is not the biggest in the group money wise then the reserve currency will go away at that time! Until then it will not. You want to hold the money of your biggest buyer. Currently ...

Cable Update (GBPUSD)

I am doing position trade right now. If I get bored and I have nothing to do I will do swing trades. Right now I do not have time to watch stuff. So I am just building a position for the next move down. Trying to avg my way into the top of the ...

Cable Update (GBPUSD)

Yep...the very short term stuff tell me we are just about out of the will to move up! I just added to my short here at 1.5565. If it dose move up to 1.57xx then I will add again. It really dose look like this is coming to the end of this move...

Cable Update (GBPUSD)

Looks like divergence to me...kind of looks like it's out of steam....

Cable Update (GBPUSD)

Well I try my best to not get tricked by the magic shows that's being put on to try and hide the truth! Sometime it's hard since more and more of the data is non truth and very little of it is truthful. So you get cough believing something that is ...

Cable Update (GBPUSD)

Gbp,Eur,Nzd and Aud basically all move together and Chf, Cad and Jpy seem to move together also. But on big moves they all seem to sync up. When that happens then you can make alot of $$$$ because they will pick a lead and they will all line up ...

Cable Update (GBPUSD)

If you can find the lead one of the group then you can load up on the other pairs and make a killing. That is very hard to find out who is in the lead and who is the last one. What order in which they are following each other. Anyone in here knows ...

Cable Update (GBPUSD)

Yes you are right! If it was just technical then we would just have computers doing it with no human interaction. The fundamentals are where the gray area comes in. You can say the gov's all tell the truth and the numbers are the REAL numbers. ...

Cable Update (GBPUSD)

One reason why I read this is for the humor and pictures!

EURUSD

Their are several risk events this week. Most of the events will try and push it north. How it reacts will tell if we have the top forming. That is how I read it.

Cable Update (GBPUSD)

That is what I mean by a failure. I am looking at the price action to tell me if we have a failure then I will add to my short.

Cable Update (GBPUSD)

Yep that is what I am thinking too. That is were I am looking to add to my shorts! On failure!!!

Cable Update (GBPUSD)

if you have a triangle then on all the time frames you will be able to see it if it's clear. It's best to look for patterns with line charts that way you can better see a pattern that you are trying to follow or define. Patterns are not very ...

Cable Update (GBPUSD)

Just like the other guy posted a few pages ago the multi year chart showing the >. The direction is down for many reasons, and I am not going to post them. Big picture is you will move down but their are many many people who do not want it to move ...

Cable Update (GBPUSD)

YEP! Totally agree with you. You haft to be careful that you wait until the order flow drops or the sub 10min data shows a price break down that is not of the current move. Tick data is best to see that happening. What I use to see the end of the ...

Cable Update (GBPUSD)

You are trying to draw on too large of a time frame. You need to drop down to 1hr of below 1hr like 30min data were you could draw that out.

Cable Update (GBPUSD)

When you see this kind of parabolic move and the order flow drops off this is excellent trade too! You can catch this kind of a exhaustion on multi hour charts it will make you a very happy person!!!!!!

Cable Update (GBPUSD)