Possible 1-2-3 setup and trendline break... Take a re-test (black lines) as your short entry if you look to play either one of these. I will play both on 5-minute pull backs to the breakout.

Cable Update (GBPUSD)

Calderone, very nice! Fibo, I agree!. If the DOW can close below 8600 today, I feel there is much more downside in the stock market and as such we will see USD strengthen over the summer. You can read here about it. I've been updating daily charts ...

Cable Update (GBPUSD)

If this plays out, we could expect the markets to begin selling off and the dollar to gain strength across the board.

Jack C's Trade Plans and Ideas

8600 level is now broken .. daily needs to close below this level to switch the bias to bearish for the DOW. Favor a drop to the 7850/8000 level.

Jack C's Trade Plans and Ideas

Short or long target? and what price?

Cable Update (GBPUSD)

Hopefully those of you from last night that were short protected your short profits before this occurred. I view this as a pullback and opportunity to short. Its deeper than 61.8% which is expected countertrend so lets see how it plays out. IMO, the ...

Cable Update (GBPUSD)

woo go canada! .. im from ontario

No Brainer Trades

looks like a neckline re-test to me

EURUSD

It could be a great place to add in my opinion.. Im not though since I have enough on this trade already.

Cable Update (GBPUSD)

It's a pretty ugly looking one but if it is one, then the neckline is broken.

Cable Update (GBPUSD)

I would like to see 5800 and below to be honest.

Cable Update (GBPUSD)

Nice trade! I just took a nap and woke up smiling hahah

Cable Update (GBPUSD)

DOW... Closed slightly below its 200 SMA and on visual resistance. The fall was on lower volume so I don't know how true it is yet. Needs a daily close below 8600 to be bearish.

Jack C's Trade Plans and Ideas

I am going to see if she can go below 5800 .. So yes i will try to hold. My stop is breakeven on all my shorts at 6395

Cable Update (GBPUSD)

I added to my short at 6324

Cable Update (GBPUSD)

I wouldnt expect anything crazy now. New york is pretty much done trading.

Cable Update (GBPUSD)

Bearish flag forming as well.

Cable Update (GBPUSD)

It could... I added to my short here

Cable Update (GBPUSD)

Well in the beginning I was way over-leveraged and lost very very quickly... now I use strict leverage guidelines as to not expose myself too much. And alot of my analysis that I post plays out while I sleep, or am out doing something, and I hate to ...

Cable Update (GBPUSD)

You have found a good thread my friend. Best of luck with your learning!

Trade what you see NOT what you expect