Out at 1.2490, +13 pips.

Mr Breakout (Day) Trading Journal

Long GBP/AUD 1.6250, 35 pip stop.

Mr Breakout (Day) Trading Journal

GBP/AUD is about to reverse the entire intraday trend.

Cable Update (GBPUSD)

Out at 1.6295, +5 pips.

Mr Breakout (Day) Trading Journal

Short GBP/USD 1.2503, 30 pip stop.

Mr Breakout (Day) Trading Journal

Short GBP/AUD 1.63, 35 pip stop.

Mr Breakout (Day) Trading Journal

Stopped out.

Mr Breakout (Day) Trading Journal

Out at 1.47, +50 pips.

Mr Breakout (Day) Trading Journal

So far the bulls are still protecting the 1.2550 area.

Cable Update (GBPUSD)

All stops will be moved to breakeven if the market moves 25 pips the right way.

Mr Breakout (Day) Trading Journal

I will take the 1.2611 level, thank you. Heck give me the 1.27 too, if you don't mind

Cable Update (GBPUSD)

So for you this is not a trend?

Cable Update (GBPUSD)

Wait until you get my bill Jokes aside, are you buying ? (Don't worry, I won't tell the market makers).

Cable Update (GBPUSD)

Where exactly? The breakout already happened, the price is simply testing the previous resistance area (now a support area).

Cable Update (GBPUSD)

Sure, we could see a small pullback to 1.2530, but it does not mean that the party is over...

Cable Update (GBPUSD)

Betting against the trend, eh? It takes guts to do that. Uh-uh, shooting star on the 15-min, could be a fake to discourage the bulls...

Cable Update (GBPUSD)

1.26 coming up, this shouldn't take long now.

Cable Update (GBPUSD)

GBP/AUD also trying to breakout.

Cable Update (GBPUSD)

Well, at least we have a close above the previous day high on the 15-min and the 1.2550 level is still holding. The cable is apparently waiting for the BBA Loans for House Purchase report (4:30 AM EST).

Cable Update (GBPUSD)

Hmmm.... The expected breakout to the upside is more than weak, so far...

Cable Update (GBPUSD)