I am basically thinking the same way you are about this pair right now. I'm just trying to find an attainable target for the Wave C to end at. Nice analysis Scrat! I'm going to start looking at the longer term movement as you have and see if I come ...

Cable Update (GBPUSD)

It's on Friday. The time is tentative according to FF. Probably early morning. I would think around 8 AM Eastern time.

Cable Update (GBPUSD)

This does look like it could be good for a turnaround for the longer term. Im sorry for that post too. I meant to say "Look at the 4 hour chart" instead of "look now" ....sleep deprivation...lol It retraced almost to the level that I had stated ...

Cable Update (GBPUSD)

If I were to be trading solely on technical analysis, right now I would look to add onto my position as we have just made a retrace from the last move upwards to the 5 sma. I don't normally follow to many indicators but this one has seemed to be ...

Cable Update (GBPUSD)

There isn't really much he could say without lying that would make the dollar much stronger. I do look to see a whipsaw directly with his speech however. I actually hope this doesnt drop as I am long! but oh well if it does, just another opportunity. ...

Cable Update (GBPUSD)

I'm thinking this could be the trigger we need to break out of this range and upwards again. I dont want to try and predict because I never bought a crystal ball, however.

Cable Update (GBPUSD)

First things first then, learn about price action. It is the driver of the market. It is the market. Price action is what the consensus thinks of the market at that particular time so use that to your advantage. Learn about fib levels as those ...

Cable Update (GBPUSD)

Excellent, thats good to hear. I thought you meant you were taking the trade based on impulse, rather than market impulses. Sorry about the misunderstanding there. Just trying to look out for others' accounts. This is the right attitude to have ...

Cable Update (GBPUSD)

Do you mean this is an impulse trade for you? If so, don't take it. It could play out, but then again maybe not. If your trading based on gut instinct right now, study as much as possible. Don't trade until after this and then try to trade without ...

Cable Update (GBPUSD)

Scrat, what would you consider a correction? I'm asking in sincerity. I would look at a correction, not only as a full reversal, but as a retracement also. I could see a retracement possibility (albeit, a very small one). Look now, I doubt it would ...

Cable Update (GBPUSD)

Hey madalin, I was just going to ask what reversal signal you attained and what it was attained by? On my charts, I saw a bullish bar just like the past few before it also, which is telling me of a continuation of the uptrend. You said yourself that ...

Cable Update (GBPUSD)

I think we will more than likely see the 2.05 area before the correction you speak of.

Cable Update (GBPUSD)

Hahaha I feel t he same way for the long term. Right now, however, I'm looking to the short term ( hours to days) trades that I can still focus on a direction for.

Cable Update (GBPUSD)

Most definitely Tiki, one of the main aspects of trading is learning to make each trade a winner instead of letting winners turn into losers.

james16 Chart Thread

with Bernankes speech, what do you think it will have in terms of effect?

Cable Update (GBPUSD)

You are right, this is a pretty long range...and fairly tight too. Big breakout must be in the mix soon.

Cable Update (GBPUSD)

Yesss thats the one!

Cable Update (GBPUSD)

If you look at the hourly charts, cable is now in an upwards channel. It looks good to buy on dips to the low of the channels. Only on a break below this channel will I sell this pair now. Price action plus this makes a good trade.

Cable Update (GBPUSD)

The way that I made mine will set the trendline right around the 1.4000 area.

eurusd-tech trading

Hey tiki, thats a great chart. The only difference with mine is thaqt I made the trendline with a shorter amount of time on it. I started mine on the low of August the 15th and dragged it to the low of September the 3rd. Im still trying to get my ...

eurusd-tech trading