I'm not sure if you're including some scalp plays in your counter trend discussion, but as a bull on this pair, I see nothing wrong with taking a few short plays here and there to pad my pocket. Now, if and when I get caught for doing that, well, ...

Cable Update (GBPUSD)

I'm overall bullish on this pair, but I still take short positions from time to time in order to scalp a quick profit. It's always hard to say though whether a pair is bearish or bullish and we each have our reasons. One reason to be bearish could ...

Cable Update (GBPUSD)

Add to my short at 1.64826. Averaged in now at 1.64769.

Cable Update (GBPUSD)

No such thing. Don't look for easy trades or you'll get tricked too often.

Cable Update (GBPUSD)

I think you're right about 1.6450. I intend to get out of my position there.

Cable Update (GBPUSD)

If I interpret this correctly, you've sold 10 lot's, which a lot is 100,000, so that's a million, at 1.6474. Your stop loss is 1.6500 and your target is 1.6390?

Cable Update (GBPUSD)

Trying a short scalp here at 1.64712.

Cable Update (GBPUSD)

London open. Probably a lot of profit taking, perhaps some desire to see their own currency a bit weaker. Who can say?

Cable Update (GBPUSD)

And no more W pattern. Now we are breaking down. Good thing I got out of my long when I did. image I'm off to bed. I'll be interested in seeing where we end up after I awake tomorrow.

Cable Update (GBPUSD)

Looks like we are forming a W pattern.

Cable Update (GBPUSD)

And now I'm out. I think I like this scalping better than holding.

Cable Update (GBPUSD)

Yep, but I've got a feeling in the next 60 to 120 minutes, it's going to break out one way or the other.

Cable Update (GBPUSD)

This is what I'm looking at right now. image

Cable Update (GBPUSD)

I didn't get the entry I was looking for, but jumped in anyway. 1.64251 I'll jump out pretty quick if we head down below 1.64

Cable Update (GBPUSD)

Where is Jimmy when I need him with one of his fancy charts?

Cable Update (GBPUSD)

One short and one long. Last night before bed I thought about going in short, but didn't, because I don't like to put in stops if I can monitor my trade. And then this morning I considered going long but again balked because I thought we had more ...

Cable Update (GBPUSD)

This is what I'm looking at right now. I still don't know where the bottom range is on this thing though. Missed a couple of good entries today. Still looking for a solid entry. image

Cable Update (GBPUSD)

Zero.

Cable Update (GBPUSD)

The unemployment rate, in places like the USA and the UK has been measured pretty consistently over the last several decades. People question whether that measure works or not, but there it is. For example, here in the USA, people are saying we have ...

Cable Update (GBPUSD)