I don't know the first thing about wave trading. I do like my charts though and figuring out market sentiment by how things move on the charts. But I always like fundamentals and if old ben comes out today and says he's going to start raising rates ...

Cable Update (GBPUSD)

If we get there I'll buy some more. But I've already bought back my shorts.

Cable Update (GBPUSD)

My bias is still long but I'm hedged at the moment. Looking for a good spot to dump my shorts.

Cable Update (GBPUSD)

Trading with real money, if you can afford to lose it, is absolutely essential. I could trade with my eyes closed and make money on a demo account. It's too easy. There is no greed. There is no fear. The emotion just isn't there. You have, ...

How I'm going to pay my mortgage...

Watch for a break of this box. image

Cable Update (GBPUSD)

PipTrapper, Do you have any view on tomorrow's GBP news, specifically on construction? I tried looking through historical releases but really couldn't come up with any opinion on whether we're going to have a hit or miss tomorrow.

Cable Update (GBPUSD)

To some of the newer traders here (like me!) I wouldn't recommend listening to everyone who posts in here and taking their advice. Some people are pretty deep in the hole one way or the other, yet continue to have strong opinions on the direction of ...

Cable Update (GBPUSD)

I'm hesitant right now to get rid of my shorts and only have my longs. All the profit I had last night in my longs was erased. A few weeks of profit all gone overnight. Had I not hedged with shorts, I'd be right back where I started. So now I'm ...

Cable Update (GBPUSD)

Glad to see I didn't jump the gun. Now the next trick is to find the area where I buy to close my short and let my longs start making money again.

Cable Update (GBPUSD)

We don't know if he got it right yet. Remember, he told you Monday they will start to sell.

Cable Update (GBPUSD)

Selling heavy may not be a reference to distance traveled but to time. If they went to 1.61 in a week, that would be selling heavy, for example.

Cable Update (GBPUSD)

Absolutely. The question is, when do you go long? Piptrapper seems to have a good idea, but I'm not sure what the number is.

Cable Update (GBPUSD)

I wonder if everyone here saw veers post and started shorting the gbpusd? Har!

Cable Update (GBPUSD)

He said they won't start until Monday. Might not want to jump the gun here.

Cable Update (GBPUSD)

Last time you said this they didn't start selling until a day later. And they didn't sell for long before it started to go back up. You were either lucky the first time, or you really do have a source. If you're right a second time, well, I'll say ...

Cable Update (GBPUSD)

Looks like I pulled the trigger too soon. Ah well, I'll give it a bit and maybe we will get a pullback.

Cable Update (GBPUSD)

I took a short right now to balance my long and protect my profits. I may have jumped the gun here, but the rejection at this level, highlighted in blue, is giving me fits. image If we go up for a bit, I'll hang on to both positions for a bit to ...

Cable Update (GBPUSD)

I don't really know enough to comment. Could you show me an example from the past of what you're expecting to happen? Specifically, from GBPUSD?

Cable Update (GBPUSD)