Right now we appear to be at the bottom of the shorter term standard deviation channel. image And right in the middle of the longer term standard deviation channel.

Cable Update (GBPUSD)

Because they are looking for the one answer that trumps all other answers.

The one reason that trumps all other reasons why traders lose

I'm not short yet. But you don't need to know that either.

Cable Update (GBPUSD)

That is a very real possibility. It's come up a very long way. And we've had a lot of weekly candles that were up, in a row. It only seems reasonable that even if we are still going to go up, we're going to take a breather, eventually. As for me, ...

Cable Update (GBPUSD)

If this is a correction and not a top, I think we could head all the way down to 6250 before turning around. image

Cable Update (GBPUSD)

Actually, it doesn't matter if it goes up or down or sideways. Each time an hour goes by (this is an hourly chart) I pull the channel further to the right on the chart. Each time I pull the channel further to the right, it widens, because it's a ...

Cable Update (GBPUSD)

I'm not sure what you mean by that. This is a standard deviation channel. I've had it on my chart since a week or so ago when we began this uptrend. The upper bound and the lower bound with both crossed at different times, but as the trend ...

Cable Update (GBPUSD)

I see a short term reversal here soon down near the bottom of the standard deviation channel. image

Cable Update (GBPUSD)

Thanks! It was under default.

Cable Update (GBPUSD)

Thanks, I tried that but nothing there.

Cable Update (GBPUSD)

I'm confused by this sentence. How is it the fourth consecutive bullish candle and also engulfing on the previous bearish candle? One off topic question that I hope isn't out of bounds. I had a bunch of charts in MT4 set up just the way I liked and ...

Cable Update (GBPUSD)

Indeed. Are you volunteering to make that happen? Otherwise, I gotta do it the old fashion way. Smaller positions until the account is large enough for larger positions.

Cable Update (GBPUSD)

Looks like a case of setting my stops too tightly. I'm learning a lesson here. When I buy small, I don't make as much money but I can keep my stops farther away. This means I usually end up making money. Just not a lot. When I buy large, I get too ...

Cable Update (GBPUSD)

A part of me thinks that they target my stops. It's uncanny how sometimes they've come right up to my stops, taken it out, then reversed. But today it got about 3 pips from my stop and then reversed. Now I'm back at even money. Sure, we might head ...

Cable Update (GBPUSD)

I think that 2am number on housing prices for GBP should be red, not orange. If that is a big number, it's going to mean more tightening by the BoE, which would be positive for the currency. And of course, if prices start to plummet, it could be a ...

Cable Update (GBPUSD)

I do read the FF news. I never saw anything saying some mysterious institutional traders were calling to short the EURUSD at a certain point. Do you have any evidence this ever happened?

Cable Update (GBPUSD)

Who are these institutional traders and when and where did they say this?

Cable Update (GBPUSD)

I don't know if that's a smart thing or not. I'm too new to be able to decide those things. However, I am surprised, based on some of the chatter in this thread, that only 35% of this site is long still. The question I have, which I think will be ...

Cable Update (GBPUSD)

Headed upwards again it looks like. I wonder how many people are actually in this rally. Seems like everyone in the US is busy with Thanksgiving and everyone else in the world is asleep. So who is buying?

Cable Update (GBPUSD)

Regardless, today is not a good day for me to trade. The spread is too big, probably because everything is closed as far as trading today in the US.

Cable Update (GBPUSD)