Cable Update (GBPUSD)

I wanna lot out of life, but I know my limitations
Guess I want a lot of things and got my inclinations
Got my feet on the ground, and I'm standing on my own
I don't need no one
I don't need no one

I've learned a lot out of life, watchin' other folks mistakes
Funny things that they can get for finding out too late
I got my feet on the ground, and I'm standing on my own
I don't need no one
I don't need no one

Well I don't need nobody else
All I need's a single ticket
When I travel on my own
Not afraid to be alone
I got my feet upon the ground, and I'm standing on my own
When I travel far and wide
And looking for a four leaf clover
Don't mind if I can't find it, got no chip upon my shoulder
Got my feet on the ground, and I'm standing on my own
I don't need no one
I don't need no one

Well I don't need nobody else
All I need's a single ticket
When I travel on my own
Not afraid to be alone
I got my feet upon the ground, and I'm standing on my own
When I travel far and wide
And looking for a four leaf clover
Don't mind if I can't find it, got no chip upon my shoulder
Got my feet on the ground, and I'm standing on my own
I don't need no one
I don't need no one

Well, it was a bit of a double entendre...

Is that a cup and handle that formed the double bottom on the weekly?
Tea/coffee cup reading is the southern european (western middle east, if there is such a thing) version of the crystal ball, meaning we are approaching an area that being stubborn can be very expensive (something I am, all to often) and I won't be trading until all news is out and may even wait for a half hour into London open tomorrow.

My magicians hat is off this week, for now.

Bullish on cable !

Stop my long position ! + 50 pips Good morning !

This seems to be cables problem atm....who thinks dx has hit a bottom ? Or are we all reserving opinion 'till the news at 2.00 gmt.?
Price now printed above monthly open on 30 min.

well well...6240 touched,6260 touched,6274 touched as well now we have the 1.6295 as a mental R to brake through then 1.6320

the thing I am afraid now is that the retrace to 1.6170 still did not happen and I am still waiting for this.

stochs and RSI and momentum at maximum up on H1 and H4

but still I am not that confident anymore we will pull back now due to the libian war and the US involving and this would only keep USD down so up the GBP.

hmmm

My longs are still open as well as the pull back short with TP 1.6170
we'll see which one hits first

GBP still go up possible resistants on 1.6325

Dunno - did a small scalp south as we hit 16275 before any retrace sub 162 , was risky though so hit and run - just waiting NY now - but not at PC (iPhone instead so may well miss any move) am out on this sunny day

Yep - can see that on H4 - 16330

Nice Redbe.... i'm no good at fundies but i do think the play(or lack of it) this morning has been indecision surrounding the montly open . I too was looking for a better, larger retrace ...and the opportinity to scalp short...looking for more demand. I'm on the side till the news... cant see anything to tickle me into a trade on this pairing.

Lucky you, have a good one Chaz.

Long on cable Target 1.6320

Hehe....managed to catch +8 on that spike. Pre -news knee-jerk?
And back up...+6

now hopefully I'm not stopped out before this even posts...

Long 16285. looking for support at 16292/306/resistance330.SL 260
Out -5. have to go out dont want to hold. Thought there'd be a bit more volume thn this.

well that was like getting punched in the face but no losses...

round 2 .

Still holding my long from 1.6273. Target 1.6323.

Still getting my balls broken for the last 2 hours.

Consolidation=Boring PA

we shall get there