So far, it seems like it's the same as if I'd sold my long position and not purchased the short position.

Cable Update (GBPUSD)

I am trying something new with my position on this one. I discovered this afternoon, just after this re opened for the week, that I could actually hold simultaneously opposed positions. One position, purchased via non-commission and a second ...

Cable Update (GBPUSD)

And now that it's closed above? What now?

Cable Update (GBPUSD)

One of the problems I'm having with Forex is that I keep expecting it to act like stocks. But unlike the stock market, forex seems to do a pretty good job of clearing out stops before finding a direction to move. Then again, maybe I just haven't ...

Cable Update (GBPUSD)

Yeah, it seems to me that going down would be easier at this point than up. Seems to be a lot of pressure against an upward move. Which makes me keep asking myself, "Why am I long?"

Cable Update (GBPUSD)

Not that anything is ever predicted 100% in the markets, but generally, a pennant is a continuation pattern.

Cable Update (GBPUSD)

I think what we're seeing right now with the USD is the same thing we are seeing with the US Stock Market. Yesterday, everyone thought Taper was coming. Stock market down, USD up. Today, everyone has had a chance to digest the information and what ...

Cable Update (GBPUSD)

That monthly chart looks like it ends with a W formation, although the center of the W has two rises and falls, rather than just one. Not sure if that ruins the formation.

Cable Update (GBPUSD)

Am I crazy, or did it say "long" before it said "short"?? Whew, it's been a long day and my eyes are playing tricks on me!

Cable Update (GBPUSD)

Pardon my confusion. Wouldn't long positions be in trouble if we had a big selloff tomorrow?

Cable Update (GBPUSD)

Your drawing looks like a bullish price channel. Not saying we have that yet in GBPUSD.

Cable Update (GBPUSD)

I found this from October 10th But that's not the story I was looking for. Maybe this is what I'm thinking of: url

Cable Update (GBPUSD)

I read a news story here, on this website, a few weeks ago, that one of the big investment companies (I forget which), said they were short GBPUSD and that they would short again at 1.6250 (give or take). That's when I started going long on this ...

Cable Update (GBPUSD)

For the US, there has been a lot of talk about the Taper. But we don't seem to talk much about the bank rate. I take it raising the bank rate means raising interest rates? Because eventually the Fed is going to start raising interest rates as well.

Cable Update (GBPUSD)

Am I the only person in this thread who is long GBP/USD?

Cable Update (GBPUSD)

I can't believe I allowed the down move to shake me out last night. Dumb. Instead of losing about $150, I'd be up around $800 this morning. Bah. This is what happens when fear rules your trading. I need to program a robot to do all my trading for me ...

Cable Update (GBPUSD)

And if it does disappoint?

Cable Update (GBPUSD)

Well, we broke 1.6090. Game over?

Cable Update (GBPUSD)

I've noticed my daily candles look different depending on the chart I'm looking at. In my TD Ameritrade account, they look different than in my MT4 account. Why is this? The daily candles/charts have different closing periods/times?

Cable Update (GBPUSD)

Maybe they meant blonde bombshell.

Cable Update (GBPUSD)