We may break down here before the news in expectation of bad British numbers.

Cable Update (GBPUSD)

I think this is one of those times where fundies will come into play. We're kinda stuck in an area of equal bull and bear and news will push us through this zone one way or another.

Cable Update (GBPUSD)

I hear people talking a lot about their account percentage. For example, someone might say they are only risking 2% of their account. Or they may note they made a 5% profit from their account. My account has an odd split to it. I have my funds that ...

Cable Update (GBPUSD)

Not sure why we are breaking down now, so early, during the asian session. I'm not seeing any news.... I averaged down to 16344

Cable Update (GBPUSD)

This is what I'm watching right now in the short term. image I took a position earlier at 6354 before I did my due diligence and drew out my charts (Don't trade right after waking up). I'll sell for a loss if we but out of the bottom and hold ...

Cable Update (GBPUSD)

If I was going to be awake to monitor this, I'd be a buyer right about now. Sadly, I need sleep and don't trust the stops.

Cable Update (GBPUSD)

That was fast. Got stopped out. If we go up from here, I'm not going to be happy they came down to my stop and then went up. Grrrr Edit: Well, we moved all the way back down to my buy entry. I'm tempted to buy again, but I'm not going to tonight. ...

Cable Update (GBPUSD)

That was a nice little surprise move up. Moved my stop to +10 pips.

Cable Update (GBPUSD)

That's on the weekly. On the other hand, if you look at the monthly 200SMA, it's where we just bounced, which is 1.66. If 1.66 is fair value, looking at the monthly, then cable is cheap right now. Guess it just depends on your perspective.

Cable Update (GBPUSD)

This is what I'm looking at for the moment. image I still think we can get down to the 6220ish area, but I'm hoping this is the bottom here. If not, I'll not lose anything tonight as my stop was moved to buy entry.

Cable Update (GBPUSD)

I took a small buy here at 63517. We'll see how this plays out. If this is still a bear, I plan to dump out around 6340.

Cable Update (GBPUSD)

This is looking like a bear flag right now. Or pennant, however you wish to think of it. But I'm not feeling a direction up or down, so I'm sitting it out, until something happens to make me think otherwise.

Cable Update (GBPUSD)

Maybe. But I feel like this is just a momentary respite from the larger up trend. Either way, I plan to make money going long and short. And right now, it's starting to look like another short entry. If we don't break through this triple top area ...

Cable Update (GBPUSD)

Missed my long entry. Almost pulled the trigger at 16350. Oh well. Now I'll have to wait for another long entry.

Cable Update (GBPUSD)

I just dumped a short I took earlier at 163746 and got rid of it at 16360, quick 15 pips profit. I don't like holding short right now though. I think this correction only has a little more leg down and I don't want to be short once we hit that ...

Cable Update (GBPUSD)

I'm still trying to catch the bottom of this thing. We could go back down as far as 6220 and test that support again, but I certainly wasn't expecting that.

Cable Update (GBPUSD)

Looks like the action is about to start.

Cable Update (GBPUSD)

Sometimes I think the bigger players are looking at the same patterns we are, and wait for a failure before they do an end around on all of us.

Cable Update (GBPUSD)