Today's daily candle, including the whick, ate up the last five days of down movement. Crazy.

Cable Update (GBPUSD)

Looks like I was sorta right, for the wrong reasons. They did Taper, more than I thought, the USD did gain sudden strength, and then the fine print came out and for whatever reason, the USD lost it's strength and now we are moving again. Forex ...

Cable Update (GBPUSD)

I would not be shorting here. We bounced last night off of some significant resistance (I posted a chart yesterday and Jimmy posted a similar chart today) and now with this move up after Taper? The trend is up, folks. Like it or not.

Cable Update (GBPUSD)

I'm still not convinced the Euro as a currency will last. All that this large upward move really means is, when it tanks, you'll make that much more money.

Cable Update (GBPUSD)

Yeah, I really thought we'd move sideways for the last eight hours. I was 30 pips in the green before bed last night and sold for a profit. I figured there would be a lot of up and down before the FED. Totally missed this move. Now I'm a sad monkey.

Cable Update (GBPUSD)

I'm thinking we double bottom around 1.6223

Cable Update (GBPUSD)

I think we can break down through that if the Fed Tapers. However, this is my prediction for tomorrow. 1) The Fed announces a Taper and the Market moves down triple digits and the USD gains sudden strength. 2) Then the fine print is read and the Fed ...

Cable Update (GBPUSD)

This is what I was talking about earlier. image

Cable Update (GBPUSD)

I think the next few days will tell us a lot. A week or so ago a guy, I believe his name was veer, came here and warned that "London desk" was going to start shorting cable. The first day after he said that we went higher. But since then, every day ...

Cable Update (GBPUSD)

Same here. I got in at 1.62497. I had a stop loss set last night at 1.6297 and was stopped out for about 20 pips while I slept. Good thing I put in that stop loss.

Cable Update (GBPUSD)

I use both charting and fundamentals/news. I think charts can be disregarded for this week. Until we find out what's going to happen with QE, anyway.

Cable Update (GBPUSD)

So, very interesting developments in Cable for longer term outlook. 1) Last month, looking at the chart, we spent some time moving sideways. Right now we are trading at the top of that sideways movement. 2) QE ending for Cable. 3) What about QE in ...

Cable Update (GBPUSD)

I don't know the policies here really. If he has multiple accounts posting the same things, then he probably does deserve a ban. If his other account was banned for some reason and this new account doesn't change any of the reasons he was banned, ...

Cable Update (GBPUSD)

Yeah, I was going to say, this looks exactly like someone elses posts.

Cable Update (GBPUSD)

We are looking pretty toppy here right now. I expect, if we're going to continue up for the next four hours, the next hourly candle will be red first.

Cable Update (GBPUSD)

I just got a buy signal on my one hour chart, waiting for four hour to confirm.

Cable Update (GBPUSD)

The hourly, at 22:00. It's the opposite of a shooting star. A gravestone? Not sure what it's called.

Cable Update (GBPUSD)

We have what looks like a shooting star, but during a downtrend it's not called that. I'd guess the daily candle means continuation to the downside, but not sure what the pattern is called.

Cable Update (GBPUSD)