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    • mike w replied Nov 11, 2008

      It's nice to have you along for the ride! I agree with your thoughts on the lower 5500s very soon as well. P.S. join in the conversations and ask questions. That will set you much farther ahead than what you would be without doing so. Doing that has ...

      Cable Update (GBPUSD)
    • mike w replied Nov 11, 2008

      This is true my friend. I do monitor my trades while I'm here and look for key areas then add a solid 50 to 75 at least from there for cable. I've known it to jump past by a few and then come back down or up (whichever direction the trade is).

      Cable Update (GBPUSD)
    • mike w replied Nov 11, 2008

      You must also let the man know that you trade very very short term Micho. Trading longer term without stops is normally a bad idea- I've done it and lost money in the long run because of it. Sometimes it works, sometimes you get slaughtered. ...

      Cable Update (GBPUSD)
    • mike w replied Nov 11, 2008

      Ane here we are back to the beginning lol Now I am just going to set my stop loss for plus 5 on that last trade and watch them run until I am able to set my lower entry stop loss into profit as well and watch us slowly touch 152s.

      Cable Update (GBPUSD)
    • mike w replied Nov 11, 2008

      I use bearish price action on a top to decide when a rally is losing steam. For instance, the one we are currently in. I am waiting for a lower timeframe bearish form of PA on the 15 minute or possibly even the 5 and then shorting again. I'm taking ...

      Cable Update (GBPUSD)
    • mike w replied Nov 11, 2008

      Good morning ladies and gents! I hope everyone had a good night. I'm going back through to read the posts and see how the charts worked out. One thing immediately jumping out at me is that we've pushed below the low of yesterday's bearish bar and so ...

      Cable Update (GBPUSD)
    • mike w replied Nov 10, 2008

      Agreed with that entirely. The push is towards the downside. I'd rather wait and short more IF and IF IF IF it gets to that higher price than make a risky trade to see if it does indeed get there or not. I've done that too many times in my days of ...

      Cable Update (GBPUSD)
    • mike w replied Nov 10, 2008

      Back from lunch and seeing a little downwards movement.. Not much going on at the moment however. My next 4 hour closes at two o clock and it looks like I'll be having quite a bit of short orders based on the crossing of the Gann line and QQEs ...

      Cable Update (GBPUSD)
    • mike w replied Nov 10, 2008

      My last four hour candle closed as a bearish engulfment, BEOVB, whatever you want to call it- it was bearish IMO. That's showing, to me, more downside in the mix. That will especially contain some strength on the break down of the Gann line support. ...

      Cable Update (GBPUSD)
    • mike w replied Nov 10, 2008

      I agree with the 40's area as well. That'd be close to a 61.8 of this bearish engulfment on my 4 hour chart. I have my entries set to 1.5735 at the moment. Right now, it looks like bearishness is taking control again though. This next 15 minute ...

      Cable Update (GBPUSD)