Hi guys. I am sorry for not posting so long, but as you know I have become really discouraged by lower volatility and prolonged sideways moves in the Pound.
It has not changed since February, but I will try to post here and there, anyway.

It looks that Cable is going to hit 1.3200-50, but given the timing factor it will most likely need two pushes to get there.



The question, which will probably be answered on Monday morning, is whether 1.29 was a deep enough correction or it needs one more drop to 1.2840-50?

The Pound stopped just above 25, gave a nice correction and seems to be ready to start next leg up. 1.2965-75 (a little update here) is my next area, but I would be surprised to see it testes today. After all, Cable has already made 100 pips which is a lot these days.

Originally posted by MarcinO

So Cable hit 1.2840 eventually ( I supposed this move would be finished on Monday, but in this slow market they play a lot of games to consume some time).
1.2925 is a serious resistance. 1.2965 is next, with minor area about 45.

Facebook traded nicely this morning,and the tools found in the the Kane Trading Members area worked well in my little scalping style. Soon after the OPEN, price reversed at the at the 200, 0.886 fibo, on the 3 min TF. Price rose to Point D, in 1.272*AB=CD, dropped to Point c ( same price level as Point B, resistance to support) , and rose to Point d (1.618AB=CD, 0.707*ab=cd.). Price dropped from the high, formed a 0.886 fibo, in a small roofer's Beauuty and Simplicity. Price dropped nicely. I am still working on my patience.



Al