I sold my position before bed last night (just after the spike down, so could have had about 30 pips more profit.) and now I can't decide if I want to enter long or short. I mean, this one has been going up very strong. I think it's going to keep ...

Cable Update (GBPUSD)

Is there news? Why are we running up so strong all of a sudden?

Cable Update (GBPUSD)

So far Cable has worked out for me very well. I lost a lot when I first started trading in EUR/USD and some in USD/JPY and some in a few other pairs. But Cable has been helping me get most of my account back. Sadly, I've made a lot less than if I'd ...

Cable Update (GBPUSD)

New York Close is expiration?

Cable Update (GBPUSD)

What's a forex option and why is it expiring today?

Cable Update (GBPUSD)

I got out of my long positions just now. I don't like those tails that are forming. Expect it to shoot up now. Har.

Cable Update (GBPUSD)

Right now it looks to me like we're still in this upward channel. image

Cable Update (GBPUSD)

At this point I think it's anyones guess. We are at the top of a range. A few months back we were making a bottom and some were probably betting on further downside while others were betting on a correction.

Cable Update (GBPUSD)

I'm able to see that, Pip. I wasn't doubting what you said. What I meant was, I'm not able to research the news stories for that day right now. Or what else was being talked about. Or what other numbers were released by the US or Britian. In other ...

Cable Update (GBPUSD)

You may be right, Pip. I'm not able right now to take a look at the fundamentals from Oct 25th and subsequently to see what is going on there. I will say this. When it comes to charting, there are many ways to chart. There are tops and bottoms, ...

Cable Update (GBPUSD)

I'm just trying to figure a good price where I should buy some more. Increase my position.

Cable Update (GBPUSD)

Maybe he wasn't calling you a noob but a Nob? Where I come from, url , a Nob is an Orcish Chieftain that gets to kill all the dumb little Grunts and Gruntees that don't do what they are told. Perhaps it was a compliment? Just for future reference, ...

Cable Update (GBPUSD)

Was trying to decide whether to sell my short and hold long for tonight, hold both, or go short. image This is making me think we are in a standard deviation upward channel.

Cable Update (GBPUSD)

And another long tail on the hourly chart. What does it portend?

Cable Update (GBPUSD)

Right now it looks like we are forming a bear flag, or a continuation flag, or pennant, however you'd like to call it. If I saw this in the opposite direction, I'd think we were building up for another upward move. I'm still long though, but the ...

Cable Update (GBPUSD)

Oh my, look at those hourly tails. Three of the last four hours have quite long ones.

Cable Update (GBPUSD)

I would say the charts are telling us that we've hit the top again and are coming back down. Therefore, if you rely on charts, you should be short at this point. I've been long for a little while now (Although I played the last top short). If we get ...

Cable Update (GBPUSD)

I'm with TD Ameritrade. I asked them in advance if this was acceptable and they said it was.

Cable Update (GBPUSD)

Yes, I understand exactly how the math works on this. Let's say we do it your way. We move out of our short at 164 with a 400 pip loss. Then we buy long because we think this thing is going to keep moving in that direction. Then it goes to 158. Now ...

Cable Update (GBPUSD)