I wonder if we are going to bounce up off of the daily uptrend. My day closes in 30 minutes, and if we close down around 16060 that'll be right around the daily uptrend line.

Cable Update (GBPUSD)

Did I miss some news? This thing is moving down fast.

Cable Update (GBPUSD)

What's the difference in the colors and why the ribbon around the one at the high? Makes it look like a yellow sun?

Cable Update (GBPUSD)

It looks like the profit on that chart is closer to 100 pips and 70 pips than 1000 pips and 700 pips.

Breakout Trading System

Well, I chose option#2 and got stopped out. Turns out, option #2 was the worst option. Had I done option 1 or option 3, I'd be richer this morning. Oh well.

Cable Update (GBPUSD)

I have three choices before bed. 1) Put stop above the high and hope we head down while I sleep. 2) Put stop at B/E and hope we don't swing back up that far if we end up going down. 3) Take profit and just get out before bed. I'm thinking of going ...

Cable Update (GBPUSD)

Here are the last two times we had this same news for GBP The first one was the response when the numbers met expectations. image This second one is when the numbers exceeded expectations. image

Cable Update (GBPUSD)

I don't have a gap on my charts. Why do you have a gap?

Cable Update (GBPUSD)

I need to head to bed soon, just need to figure out where to place my stops before I hit the hay.

Cable Update (GBPUSD)

And if the news is good? Why would it reverse?

Cable Update (GBPUSD)

It may break soon the way this thing is heading up.

Cable Update (GBPUSD)

We just shot up about 40 pips and I'm not seeing any news or reason why. And I don't see it happening across the board. Just with this pair.

Cable Update (GBPUSD)

I don't know how many people listen to efxnews, but their advice is to buy the dips. If lot's of people are taking their advice, I don't see how we can push back down off these highs. Even so, my bias is short, so I hope you're right.

Cable Update (GBPUSD)

I wasn't wondering when the WTF moment was going to happen. I was waiting for the "I'll explain later" part.

Cable Update (GBPUSD)

Is it later yet?

Cable Update (GBPUSD)

You know, if I wasn't such a small fish in a big pond, I'd think they targetted my stops. Regardless, I was stopped at at b/e. My bias is still short, so now I need to find me another short entry.

Cable Update (GBPUSD)

I wonder too how much of this is a struggle of nations. Everyone wants to increase their imports. They want to bring in more money, not less. A stronger dollar means less money for the USofA, because whatever is exported, wheat, oil, Ford trucks, ...

Cable Update (GBPUSD)

I'm just going to guess here, but those percentages represent what, .0001% of all the money being traded in Forex?

Cable Update (GBPUSD)

Does it need to hit your double top for a confirmation? Couldn't we fail and have a lower high, before heading back down? I'm not familiar with your system, but your trendline on the monthly is similar to mine and the fact that it's a descending ...

Cable Update (GBPUSD)

If we top out here, it's look out below. Risky trade at this point, but it's got a large R:R ratio.

Cable Update (GBPUSD)