Settling... — Looks to my untrained eye like it may be setting here for a bit, maybe a slight downward movement, 15/30m charts are not that bad, 1h seemed like it was forming a shooting star (get me, reading my forex PDF's) but didnt take. ...

Cable Update (GBPUSD)

For some reason my chart has the daily PP at 15236, which doesnt agree with most people, but it's where it bounced about in the early hours, but it seems to be steaming towards it now. Maybe I'll grow a pair in a bit and jump in again!

Cable Update (GBPUSD)

Looks like your last trade was like one of my typical ones, set SL for just above BE and it retraces to trigger it and bounces up again! Hmmm, another 30 pips or so and I might jump in on my previous short and see if it plays out again, I'll let you ...

Cable Update (GBPUSD)

It's not getting to me that much. I see this as a big learning opportunity which is currently not losing me any more money (or making me any either) which is more important. Another thought though. There seems to be a close tie between the oil ...

Cable Update (GBPUSD)

This is getting annoying. I dont trade and things go the way I probably WOULD have traded, ARRRGGHHH!

Cable Update (GBPUSD)

Exactly what I'm doing, still wish I hadnt closed my short this morning because I would have been quids in, however, what's done is done. Thanks to you, cloggie and the other guys (who are helpful) I already think I'm 200% better informed than I was ...

Cable Update (GBPUSD)

I just wish it was a joke! The number of times a trade has kicked in I've had waiting, or I've done it on the fly and moments later it's shot in the opposite direction, amazing! If anyone wants to cover my losses, I'll happy BUY/SELL right now and ...

Cable Update (GBPUSD)

I've lost my b@lls to do that after yesterdays loss. It's knocking on 518 and not giving up. I'm just observing today (unless I catch a break), and (not wishing you ill luck) hoping it goes back up a bit more again. Seemed to take a while yesterday ...

Cable Update (GBPUSD)

At the very least, there is a webcam in my room somewhere watching what trades I make, and just when it will hurt the most, they press the "OPPOSITE TO THE NOOB WITH EXTREME FORCE" trade button

Cable Update (GBPUSD)

Sorry, glossed over that I suppose, there is no way to predict where it's going. It's just good to know where the common lines are. I do have visions of very rich people sat in a room manipulating the markets and laughing at us.

Cable Update (GBPUSD)

I know there are very complex way of looking at things, but just to confirm that I've got the basics right here (for a semi skint noob, and I'm stating the obvious too for most of you), 15158 was a 61.8% fib from mid March (around todays turning ...

Cable Update (GBPUSD)

That was EXACTLY my problem. I'd got very lucky with some random trades on Oil and GBP/USD, made a fair bit of money, leading to my downfall. 1. Didnt put SL's on so that I'd just ride the wave until things came back to me if I knew it would 2. Got ...

Cable Update (GBPUSD)

I've done that before and set the level slightly wrong, like my long at 15310, my long a couple of weeks ago at 15046 and a few others Ironically, if I'd just been patient with everything, I'd have been a LOT better off than I was. Dont want to ...

Cable Update (GBPUSD)

Trying to figure out the charts now I've missed the train Going off what's happened recently and looking at the MA's, I read 15151 and 15125. Obviously 15151 has been and gone a bit, but maybe, just maybe a hammer is forming on .5/1/2/4hours? ...

Cable Update (GBPUSD)

I've missed this train Maybe the next one will take me somewhere nice.

Cable Update (GBPUSD)

— So the shorts I closed at 15255 would have been well into profit now again after it looked like we may go up again. Ah well, win some loose some. I suppose the question is now, will there be a bounce back up again? Looking around there ...

Cable Update (GBPUSD)

Hindsight is great — I closed a short in the early hours around the 15255 mark (one that had bled me money and I didnt fancy it bleeding more). Sure was a great move at the moment, AGAIN!

Cable Update (GBPUSD)

I dont blame you at all Sub 30 minute time frames seem to have several MA's stopping it going up too far (yet!). Again, I'm just trying to learn, not second guess. I know you normally trade of 4h/1h so I'm not sure if you'd see these as relevant. ...

Cable Update (GBPUSD)

At least my new found skills of patience stopped me jumping in. This is a good sign it will go up though as things seem to do the opposite of what I do. If you want to profit share, I will put a short in now to guarantee you see 5380

Cable Update (GBPUSD)

Short? — Not that I could even claim to be able to second guess cloggie or bbaker, but isnt there a bit of an ominous sign on the 30 minute chart? I'm rubbish at this, but I havent jumped in one way or the other, still examining things so I ...

Cable Update (GBPUSD)