Cable Contemplation

Good Morning Dynamic Traders!

The Cable conclusively shattered the value index in October last year, for the first time in over five years!

We have been witnessing a fortified downtrend since November 2007, which is not displaying definitive signs of ceasing just yet.

The monthly chart below displays an objective outlook, which may offer some clue of approaching directive.

Notice price seated at a stalwart and historical support, last thumped in mid 2001, but conquered, (with mighty vengeance), twenty four years ago, in 1985!


GBPUSD monthly chart Advanced Get

Below is the daily chart for the same.

Price is currently negotiating a sturdy support, whilst the wedge formation forces an impending squeeze towards this intimidating territory.

The trend remains indisputably earthward supported by the ferocious fundamental and unprecedented weakness in the market!

Advanced Dynamic Traders are subconsciously aware of the truth of probability.

With the many unknown forces operating in the market, anything can happen.

Utilising your tools of the trade and more importantly, your risk management regime, determine your edge, and 'go with the flow'.

Be wary...... volatility may be upon us with US news published later today, followed by Governor King's 'after dinner' speech!

GBP USD daily chart Advanced Get

Special regard and recognition to Clayton Farnworth for his relentless determination and his decisive victory!

Not only did he conquer the climb and reach the summit thereby becoming a full time trader, he had to swim the Channel first and master the use of a computer.

An extraordinary encounter and an inspiration to us all!

Hearty congratulations Clayton!

My notes will be temporarily ceasing from hereon, while I attend to important financial and administrative procedures associated with business closure.

Without a 'traders mindset', it will be challenging to barter bountifully and thereby provide you with prime posts.

The supreme blogs offered by the brilliant Bijal and the chief mentions at the sister sites, will continue to offer you varied opportunities and champion choices.

Successful Trading!

Saba Jackson