Let's take a look at the weekly chart for gbp/usd. The 38 fib has stopped the fall this week, although we see the lower low, when it broke below the July 2011 low at 1.5779. This week's low was 1.5705 where the price was rejected. Look to the far ...

Cable Update (GBPUSD)

You nailed it, bro. Market Sentiment will drive currencies this coming week. Risk aversion will take it down. Risk appetite will take it up. This week the price failed before it could take out 1.5900. This has bearish implications due to the fact ...

Cable Update (GBPUSD)

I hear ya! I am standing aside with my margin looking for some set ups and value opportunities. We will have many.

Cable Update (GBPUSD)

Forex is bigger than all the stock markets, etc. combined. The sheer volume is staggering to me. I am awestruck by how many billions are flowing through the charts I observe with fluidity in their correlations. They move as one. This market is ...

Cable Update (GBPUSD)

There are some very knowledgeable Traders spending their valuable time to teach on this thread. I learn from each and every one of them. As the week comes to a close I just wanna say that I never meant to insult anyone or argue with anyone on this ...

Cable Update (GBPUSD)

If you can find a way to take the risk away in Forex (or at least lessen it), then you will find the true path to wisdom and prosperity. This is what I teach my students.

Cable Update (GBPUSD)

The current rate for AUD is 4.75% The current rate for GBP is .50% 4.75 - .50 = 4.25 rate differential. This is subject to change in the future as rates change, but for now this is the reality. My broker (Interbankfx) pays approximately 22 or 23 usd ...

Cable Update (GBPUSD)

I choose to keep a "savings account" in the gbp/aud rather than a bank. 1.5781 is a good place for a scalp, but not on a friday after London has closed.

Cable Update (GBPUSD)

The gbp/aud is the best kept secret in Forex in my opinion. It is the closest thing to a Holy Grail that I have seen. 20:1 leverage is less risky, but provides earning potential to build wealth over time with NO risk of loss, after the b/e stop loss ...

Cable Update (GBPUSD)

Exactly.... I am out for the weekend except for my little nest egg in gbp/aud.

Cable Update (GBPUSD)

yes, but your stop losses protect you against a devastating loss.

Cable Update (GBPUSD)

It is discipline. money management risk management buy value

Cable Update (GBPUSD)

It is not luck. You nailed it. Take some credit bro

Cable Update (GBPUSD)

i will take profit here on short eur usd

Cable Update (GBPUSD)

I will take profit here on short eur aud.

Cable Update (GBPUSD)

i will take some profits here.

Cable Update (GBPUSD)

The charts are telling me that we will see 1.54000 in the future medium term and 1.35000 long term on the gbp/usd.

Cable Update (GBPUSD)

Excellent analysis bro

Cable Update (GBPUSD)

Have a great b-day my friend. You have given sound advice from what i have read.

Cable Update (GBPUSD)

that is a good strategy as long the trader understands that he is trading contra-trend. It will take a close above 1.5910 before this pair is considered an uptrend.

Cable Update (GBPUSD)