Good thinking...

Cable Update (GBPUSD)

It means that serious, powerful trends do not retrace 50% of more and then resume their uptrend. Most of the time they don't even reach the 23.8% fib.

Cable Update (GBPUSD)

Come on cable, go to 1.2580 and then 1.2600, what's the matter with you?

Cable Update (GBPUSD)

Nah, a pullback to that level would render the current uptrend more than suspicious, unless we have a complete reversal of course.

Cable Update (GBPUSD)

Traders looking for big action should consider trading the GBP/CAD. With the important Canadian Consumer Price Index due at 8:30 AM EST today (plus the price action of the cable itself), it's going to be hot hot hot...

Cable Update (GBPUSD)

This time the cable is in no mood for pullbacks I am afraid... Good luck too, although luck has very little to do with successful trading.

Cable Update (GBPUSD)

The most probable move is up. When a currency moves in a big way and stays at the top of the move for an extended period of time, it usually resumes its movement in the same direction.

Cable Update (GBPUSD)

The law of gravity is "old" fact too, so?

Cable Update (GBPUSD)

25 pip range for the last 12 hours, GBP/USD is going to explode any minute now...

Cable Update (GBPUSD)

Facts are facts.

Cable Update (GBPUSD)

Copying my trade, eh...?

Cable Update (GBPUSD)

Long EUR/NZD at 1.4650, 30 pip stop.

Mr Breakout (Day) Trading Journal

Excellent stats: No fluff, no subjective trendlines or support/resistance lines of questionable value and predictive power, just the facts. I have done similar research in the past and our conclusions/findings are about the same.

Cable Update (GBPUSD)

Long GBP/USD at 1.2552, 30 pip stop.

Mr Breakout (Day) Trading Journal

Out at same price.

Mr Breakout (Day) Trading Journal

Out at same price.

Mr Breakout (Day) Trading Journal

Short GBP/AUD 1.6277, 30 pip stop.

Mr Breakout (Day) Trading Journal

Short GBP/USD 1.2552, 30 pip stop.

Mr Breakout (Day) Trading Journal

Position was closed to avoid spread spike. Possible re-entry later.

Mr Breakout (Day) Trading Journal

Out at 1.6277, minus 25 pips.

Mr Breakout (Day) Trading Journal