I have to agree. We are in a channel on the daily and I believe that we will go to the top of the channel. 4H bullish too. Same charts I been posting for days. Nothing has changed.

Cable Update (GBPUSD)

Keep in mind though, sometimes it takes more than one candle to break lows or highs. All I am saying is to be careful if you are overleveraged.

Cable Update (GBPUSD)

You never broke previous candle low. If it does not break this is a bounce and will go back up. If it breaks, should go back to the bottom. But as I said, it has not broken this range yet so we are not trending atm.

Cable Update (GBPUSD)

EO, First off, great thread and keep up the good work, btw thanks for the vouch. Second, I am probably one of the only ones in that thread that told people to trade the range, tops and bottoms. I hope they listened. Many did not, thus probably lost ...

Trade what you see NOT what you expect

I couldn't agree with you more. I picked up some real good pips this week. We will have to see what the next week and month bring. Now unlike you, or as you said you were going to do, but I understand why you didn't, I am done trading until Feb 1. ...

Cable Update (GBPUSD)

Agreed.. That is also top of triangle on daily chart (not as high though).

Cable Update (GBPUSD)

Daily chart is in a triangle, and also hanging out by the tunnel (if you trade tunnel theory). It will break eventually, then will trend.

Cable Update (GBPUSD)

Only play at this spot IMO is hedge.

Cable Update (GBPUSD)

I hate to say this but I do think it will break. that fib is not the top of the channel. Tops and bottoms, I have been preaching that all week. Play the tops and bottoms until she bucks you. Do not try to trend trade. We are not trending atm. Set ...

Cable Update (GBPUSD)

I am holding long from earlier as well. I do feel we are going to top of channel. TP's set there, but have trailing sl set just in case (protect the profits.

Cable Update (GBPUSD)

I second the bullshit. BTW wormie, easy money. I wish we would stay in this channel forever. I hope the people in this forum listened to me over the past week when I said play the channel.

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That's what I was waiting for. Set Trailin SL. Good night all.

Cable Update (GBPUSD)

Ask Fly, it's his magic charts..

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Like I always say, trade the trend. If that has been the current trend, don't alter until she bucks you. The 8 oclock pinbar, I'll buy it. lol

Cable Update (GBPUSD)

I'll be in at 4:28:42 EST.

Cable Update (GBPUSD)

People have all kinds of different reasons why they enter a trade. Some look for fundamental qualities to enter trades. Some try to play the news. Most try to trade the charts. If you look at the Daily chart and 4H chart whe have been in a sideways ...

Cable Update (GBPUSD)

I can agree to disagree. I know others agree with me, and I am sure others will argue the point as well. Everyone has their own opinions and techniques used. There is no one correct way to trade. That is one of the main if not the MAIN reason I come ...

Cable Update (GBPUSD)

Agreed, Life is awsome and so is this channel we have been in. I hope you made some good pips playing the tops and bottoms like I mentioned. I do think we should get one more good rise before the tumble down but it is to early to tell. Usualy when ...

Cable Update (GBPUSD)

Some advise, Don't worry about the news, trade the charts. News always moves in direction of charts.

Cable Update (GBPUSD)

Yeah didn't you know. This news event really moved it. I am up 3000 pips already and I have only been in this trade 20 minutes. Where were you. Actually, you just responded to the first post of this thread which was Sept. 2006, so to answer your ...

Cable Update (GBPUSD)