Honestly Leugimp, i dont think its going anywhere near 1.9696. I think that the most that it will go is maybe the 50's or into the 60's

Cable Update (GBPUSD)

On the monthly it looks like its in a wavetrend up so you could be right about that. Its in the middle of the third or fourth wave (Depending on how you look at it) right now so that could be a very likely possibility in mid to late 2007.

Cable Update (GBPUSD)

Excellent to hear! just dont be like me and let yourself take dumb trades and lose it all haha just keep ur head on and check out the charts like any other day

Cable Update (GBPUSD)

Very nice look, if it goes past the resistance though, the next resistance level looks to be in the 40's, which is exactly what moneymaster said..then comes the drop down. wow hes good haha and if it doesn't that would give it a straight shot to ...

Cable Update (GBPUSD)

cesarnc, im not too sure about that, because if you zoom out to the 15 minute chart were going up in waves. There is going to be at least one more wave up to take price to at least probably 9630-9635, no promises but it looks good from here.

Cable Update (GBPUSD)

good idea, guess ill buy one too haha

Cable Update (GBPUSD)

Bad idea, cuz the market will end up doing something erratic and make you want to go postal haha I dont think your neighbors would enjoy seeing you go crazy that much either

Cable Update (GBPUSD)

Hey, first off best of luck in your new career in forex. Now my best advice is learn everything you can about price action, skip all the indicators because they usually dont help much and then that will lead you straight to a promising career. Learn ...

New to FX Trading

well, in about a month or so i hope to have it and then ill be in...i was gonna join a long time ago but then things got crazy haha, anyways everybody have a great holiday

james16 Chart Thread

Yeah it helped more than you know man haha im learning everything that i can so that i can contribute in a good way for everybody in the factory. Thanx a lot.

james16 Chart Thread

Hi there, quick question and i figured you guys would know best about this. Should a pin bar that is created because of a news rally be considered void? Because if so there is one on the GBP/USD.

james16 Chart Thread

I think your right about the consolidation also. Right now it's leading right into it, then comes the dullness of the afternoon market and then the huge downfall again.

Cable Update (GBPUSD)

Not only is the market doing the same as last week, it's doing the exact same as yesterday. A 5 wave upgoing followed by a sharp drop is what Im thinking. Look on the 30 minute charts from today and yesterday, exactly the same. The first wave up ...

Cable Update (GBPUSD)

Id probably have to say FXCM, with a close Oanda in second.

Which forex broker is the biggest one out there?

definitely do that. Ive been trading for a little while now and i cant begin to tell you how many times i let winning trades go down or turn into losing trades only to hit my initial stop loss because i didnt set it up higher to protect my profits. ...

Cable Update (GBPUSD)

Whatever you do lamden keep your profit by moving your stop up. Im not going to advise anything though, because im not sure.

Cable Update (GBPUSD)

Could be but dont base everything on that similarity, because no matter how similar it is different. Different players and people in the market.

Cable Update (GBPUSD)

I agree with you Leugimp, i was just thinking maybe someone knew of some type of news event that i didn't or something like that. I also plan on shorting after some kind of price movement indicating it downwards. Best of luck.

Cable Update (GBPUSD)

So in other words, your thinking the retrace is going to be coming on fast?

Cable Update (GBPUSD)

wow looks like your having a rough day man...maybe you should get some fresh air haha

Cable Update (GBPUSD)