Not much action right now. I think I'll try looking at put options and seeing what happens.

Cable Update (GBPUSD)

Yeah, I meant that the other way around. New highs means weaker dollar. I was thinking short dollar and said short Cable. Brainfart.

Cable Update (GBPUSD)

Your guess for last week was down. I'm thinking eventually you'll be right.

Cable Update (GBPUSD)

Look at the US stock market. Look at Cable. Where is the US stock market going to go? If your answer is new highs, short Cable. If your answer is reverse from here, long Cable.

Cable Update (GBPUSD)

I have no direction right now. I lost a lot of money selling on the way up over the last weeks. Made about half of it back when we dropped and took profit. Now I have no idea if we're going up or down, so I'm sitting on the sidelines. The charts ...

Cable Update (GBPUSD)

I think I'll set up some sell orders around 1.6750 and then every 10-20 pips higher for when I sleep.

Cable Update (GBPUSD)

Lot's of action right now. Must be Japan.

Cable Update (GBPUSD)

Veer2010 did say a London desk was selling short down to 1.63. If he is right, then this rise is perfect for London opening to sell into.

Cable Update (GBPUSD)

I'm really not seeing anything here right now. A part of me wishes I'd held onto my shorts, but then I'd have less profit right now. Another part of me thinks I should find another short position, but not sure where to look. Hrmmm.....

Cable Update (GBPUSD)

Zack sounds like a dude. Catarina sounds like a gal. I'm going with, it doesn't matter.

Cable Update (GBPUSD)

Did anyone notice that Veer2010 made this announcement for the fourth time in about three months, give or take, and so far, even though his timing has been off a little, he's been right? When he made that post GU was approximately 100 pips higher.

Cable Update (GBPUSD)

Jimmy, why don't you start your trendline back a bit further? This is what I'm talking about: image

Cable Update (GBPUSD)

I just closed my short. Will start looking for a new entry here.

Cable Update (GBPUSD)

Ending the day below or above that number will be significant. Which means we're likely to end the day pretty close to that number just to confuse everyone.

Cable Update (GBPUSD)

I can't figure out what is pushing this down, which to me continues to scream bear trap.

Cable Update (GBPUSD)

I keep expecting buyers to come roaring back in at any moment and send this baby to new highs. Then again, Veer2010 has been correct the last three times he posted something like this. Although I think his target numbers haven't been accurate.

Cable Update (GBPUSD)

Still not able to bust down through the resistance. (Oooops, that should read support).

Cable Update (GBPUSD)

Yeah, my guess is there are a lot of bulls just waiting to buy on the dips. It'll take a lot to push down through all those bulls.

Cable Update (GBPUSD)

I drew the trend line about 8 hours ago, give or take. Look how it bounced right off the trend line. image

Cable Update (GBPUSD)