If you look at daily chart back in July the same thing happened. It was then followed by 5 days of green candles. That's what logically should happen. Thing is, if tomorrow's news is good for the US, who knows what the hell is going to happen...

Cable Update (GBPUSD)

There is a lot of panic selling going on now...people have no idea what to do. As soon as things cool down the "believers" will start buying again, but in the end tomorrow's news will determine where this is heading. All I know is that a big green ...

Cable Update (GBPUSD)

This huge move down today gives me the absolute convinction that all the so called analysts and forex experts that get paid 6 figures incomes by big banks etc. don't know crap about forex. It is all a bunch of BS what they say. All they do is make ...

Cable Update (GBPUSD)

Man...it can only go up from here...I guess....I hope !

Cable Update (GBPUSD)

This could very easily be just some profit taking/correction and then start going up again, it would have been very weird if it just kept going up without correcting. It looks pretty normal to me.....unless news on GDP is really bad tomorrow....

Cable Update (GBPUSD)

and to think that they got the Nobel Price for economics....

Cable Update (GBPUSD)

Hey I am good, thanks !

Cable Update (GBPUSD)

Hey how r u doing Mr. Future ?

Cable Update (GBPUSD)

If the GBP gdp is good tomorrow, this thing will go crazy to the moon.... Great chance for next week to make some money on the way down

Cable Update (GBPUSD)

What I meant is that the trendline will prevent it form going LOWER, not higher....don't worry, it has now some free space to fly a little in the upside

Cable Update (GBPUSD)

Well, I might as well keep talking alone. Mmmm...let's see, well yes, the theory I discussed earlier about the colors of the bars is actually pretty precise. Very rarely 4-5 bars of the same color will be followed by another bar of that same color. ...

Cable Update (GBPUSD)

In my opinion the US news are getting so bad with all these big banks showing huge losses because of the mortgage crisis that the EURO and GBP in the long run will keep going up until everybody will get together to actually push them down on purpose ...

Cable Update (GBPUSD)

It should not go any lower than this. It is being blocked by an upward trendline and unpward support line on the 1HR chart. Also, and obviously it means not that much but it usually works, the past 4 bars where red. Very rarely the 5th will be the ...

Cable Update (GBPUSD)

Too much risk this week with GBP news every single morning....I rather watch and wait...I got too scared today for my taste...I can't believe I actually ended up in profit after that big downfall all of a sudden....

Cable Update (GBPUSD)

I sold....I gotta put myself through rush hour in a few minutes and I do not have the balls to just leave the trade alone....of course now that I sold it is going to the moon...but that's just the story of my life...that's when I have to remind ...

Cable Update (GBPUSD)

at least down is a direction.....better that then this confusing up and down....

Cable Update (GBPUSD)

I will probably just take some profit now and not risk it considering that tomorrow we got news coming out and I won't be awake that early....

Cable Update (GBPUSD)

and to think that twice I was going to accept the loss but the trades did not get accepted , cause the price moved too fast on both occasions.....

Cable Update (GBPUSD)

Up, up it goes !!!!

Cable Update (GBPUSD)

On the 1HR chart I have a downward support line that I fear it will prevent it from starting a new upward trend...let's see....

Cable Update (GBPUSD)