Wow mike, you seriously just cleared up my entire trading life with that post man. I always take those kinds of trades and they lose a good bit of the time. Thanks a lot man and it was crystal clear.

james16 Chart Thread

what in the world is that is right haha. looks good though once you get past the dizzying colors. I sure hope that triangle thing is right, cuz thats what ive thought too. have a good weekend everybody.

Daily Cable Analysis

hey mike , i have a quick question for ya. What exactly do you mean by traffic? Is it jsut because its coming off of news? or because there is only one short bar before it? Thanx.

james16 Chart Thread

I have to agree with you there man, GBP/JPY is definitely a killer in terms of movement. It even blows the GBp/USD away in terms of movement.

Pair of the Week (POW)

just so everyone knows, not only is there a reversal signal on the daily charts but also on the weekly charts as well.

Daily Cable Analysis

Im with you on that, but with one thing differently. I doubt well be seeing 9900 very soon. Probably around 3 weeks from now just by looking at the weekly ranges for this pair. Good luck to you in your trading.

Daily Cable Analysis

true, and thats a good thought. There is a reason to trade however, the pin bar will be coming up on top of a fairly large support at 9450. There is also a short term support at 9505. I plan on placing my stop right below the longer term support ...

james16 Chart Thread

At this time of day, i would wait for the dailies to come out. Then see what they entail. There will most likely also be a pin bar on the daily GBP/USD which means a definite buy is in order. Dont be reckless though, they do sometimes fail.

james16 Chart Thread

Ive never been to a summer program, but i have taken a few blowouts throughout the time that ive been trading ( which is also fairly short). The fact is i got back on my feet and am now trading consistently and profitably. You dont need a summer ...

Summer Program > Thoughts?

Now we'll see if it breaks out to 9550 or if it stays at around 9510. I think that on monday or tuesday i will set my stop to 9505 because that seems to be making a pretty strong resistance line right now, which will turn into a support line later. ...

Cable Update (GBPUSD)

Learn as much as you can. Seeing you have two posts, your probably in the same boat as i was when i started, not knowing very much. I dont want to give you advice on which direction, because just like i did, you would probably just go in that ...

Daily Cable Analysis

yeah you are right on that one, sorry it took so long to respond, had to go to school.

Cable Update (GBPUSD)

Once the day ends ill be able to tell you. On the 4 hour chart, theres a lot of indecision and thats the only thing. That tells me that bears might be running out of steam and if the day can close a bit higher then i think we may finally have a bull ...

Cable Update (GBPUSD)

as it seems to be right now. Nice thought on that cable guy, i know i wasnt about to think of that.

Daily Cable Analysis

hahah definitely bearshit, its stanky.

Cable Update (GBPUSD)

it doesnt seem like it really wants to though...damn. cant cut a break today haha

Daily Cable Analysis

Shes a' pickin up steam!

Cable Update (GBPUSD)

looking on though, if it does close at around 9510, then that will be a pin bar on the daily. So in other words, bears are losing steam.

Daily Cable Analysis

im with musicman on that one. Unless 9510 is breached, then i dont think well be seeing 9550 today. If it is then 9550 is clearly the next shot however.

Daily Cable Analysis

What broker is that? I kind of wanted to open another account with a different broker so as to be able to buy and sell at the same time, and i doubt my broker will allow me to have two accounts. Thanks in advance.

Cable Update (GBPUSD)