We have had a series of flags for a while now continuing the downtrend. Here is my post from 12/17.. url my bias has not changed. We drop... rise in a flag motion.. Look at your monthly chart.. 1. Bounced right off resistance 2. Lower high 3. ...

Cable Update (GBPUSD)

Hey Kill, All has been very well. I have been very busy with starting a new company but still been pulling in green w/ the trades. Currently I like the shorts. Think we may see sub 5000 again. Monthly chart is seeing a nice lower high, with a ...

Cable Update (GBPUSD)

I agree with you on the shorts. 5000 may be a little high... we may drop a little lower than that. I woulddn't be surprised to see the 3300 to 3500 mark one more time..

Cable Update (GBPUSD)

I am glad to see you finally changed your analysis from long to short... What made you change your mind????

Cable Update (GBPUSD)

Not to mention it broke the bottom wall of a bear flag... This is a textbook short.

Cable Update (GBPUSD)

If you are going to play it that way... put tight stops on it IMHO. I see downward channels and bear flags on this. C.

Cable Update (GBPUSD)

Well....Basically....In it's simplest terms......yes.

Cable Update (GBPUSD)

There are many reasons why it fell. 1. Cable until we get the higher high... we are in a long term downtrend 2. The Dollar index hit a support and gained strength relative to the Pound 3. Ireland's bonds were downgraded today. 4. People are ...

Cable Update (GBPUSD)

Well hope you held off..In addition to the reasons I mentioned above, we had nice flag. Now we have another nice flag developing AND the monthly candle is now red. Next week we should see a bounce up a little to the monthly open and then fall more. ...

Cable Update (GBPUSD)

You may want to hold off on that north feeling. Although it may very well head north, look at these last three candles on the monthly chart. 1. Monthly chart is overall downtrend 2. Bearish engulfing candle on monthly chart 3. This current candle is ...

Cable Update (GBPUSD)

Hey Digger, Long time no chat. Things are going well.. Happy Holidays to you. Yeah I see the downward movement. Have 2 shorts in atm and looking to add a third. I am thinking we may see 5400 before week end, but like you said could bounce up to ...

Cable Update (GBPUSD)

Are you referring to the CBOE?? Chicago Board Options Exchange...

EURUSD

For the most part I am flat an most everything. I am just monitoring my BP call options (price breaks 40 I am out), BIG 31p, and 2 G/U trades (one at 5975 one at 5775. G/U I believe is in for a good ride.

EURUSD

I am just monitoring my 2 from 5975 and 5775, so I have a bit of a cushion. But if it breaks this support I will pick up a third trade.

Cable Update (GBPUSD)

I use the throw a dart at the wall technique myself. And to be honest, if you did use the throw the dart at the wall and used very sound MM principles, you could make money.

EURUSD

Same with BP... I have had these call options for months now and it appears it topped out at 42ish. Has been hanging around the 40-41 mark lately. I think GOOG may be in for a bit of a fall here shortly as well. The $600 per share has been a nice ...

EURUSD

No wonder you can't make a profit Mal... trading off the wrong charts.. lol. For the record, I think ES is going to drop a bit. This may be the fall we waited for all summer long. What's your thoughts?

EURUSD

As of right now the longer term support is holding, but I do suspect and bet my 2 shorts on it that it will break.

Cable Update (GBPUSD)

Remember my focus is the psychology in trading. I don't know if you curently do this or not, like I said I have not read your full plan, but something that may help you out. The book "trading in the zone" really talks about all the psychology that ...

Rufus

Yes I am gearing up for the tax season as well as starting a new company too. A friend of had a business idea and wanted some partners and it sounded good so here we go. As for your plan, yes you are wise to review and update it. All large ...

Rufus