Lol, I know what you mean. Fortunately my long entry was from yesterday at 1.6095 and I have my stop loss set at +85 pips. That is the best type of trade IMO. One that you don't have to worry about.

Cable Update (GBPUSD)

Good job on the trading....

Cable Update (GBPUSD)

This is fun... I normally do not watch the 1 minute chart but I am trying something here. I am watching the dancing candle..up..down..up..down...up...down... and 1, and a 2 and a 3 and a 4..

Cable Update (GBPUSD)

Hey Wormie, Good to see you. Still haven't gotten stopped out on long here. lets see what happens, if we break the 1.6300 I may be ok, but I am still on the lookout for the break back downward.

Cable Update (GBPUSD)

It is still possible, but I do like the fibonacci line it bounced off of in order to get to this point. Problem is we have not broke the high from yesterday yet, so you are right, may still head down.

Cable Update (GBPUSD)

Bear trap or not, that is fibonacci retracement to the T. Retraced down to the 50 fib and then got the explosion upwards.

Cable Update (GBPUSD)

That was a nice end to the 1H candle.

Cable Update (GBPUSD)

One last thing I noticed on daily chart. We appear to have a master candle and are now forming inside candles. We may be in this small narrowing channel for a few days (I hope not but possibility). If that is the case, I will be stopped out at my SL ...

Cable Update (GBPUSD)

Manize, There is very nice compression on the 4H chart which means once it breaks, there should be a very big movement. The problem is that we are in the middle of no man's land where it comes to the fibs. We have the double top on the 1H chart ...

Cable Update (GBPUSD)

I saw that double top too but i am not too spooked out about it since it is a point of resistance. Worst case senerio is I get stopped out at +85 pips. My only concern is how far will it pull back after and if I get stopped out. As I said, I am ...

The WoRmHoLe

My position has still not changed from this initial analysis. Modified my TP's and SL. Am looking for short scalps as well, but long is still overall position until I go flat.

Cable Update (GBPUSD)

My position has still not changed from this initial analysis. Modified my TP's and SL. Am looking for short scalps as well, but long is still overall position until I go flat.

The WoRmHoLe

Entered short 1.6140

Cable Update (GBPUSD)

My position from this weekend. I still am leaving this opinion unchanged.

Cable Update (GBPUSD)

Dr. D and WB, I am in agreement that we should have a good explosion next week. I do think in addition that we should get the bounce up that wormboy is talking about. From my channels, We bounced off the bottom wall of the weekly chart a month ago ...

Cable Update (GBPUSD)

WB, I am in agreement that we should have a good explosion next week. I do think in addition that we should get the bounce up that your talking about. From my channels, We bounced off the bottom wall of the weekly chart a month ago and appear to be ...

The WoRmHoLe

I will try it again when I get home I am leaving now.

Cable Update (GBPUSD)

If I was by my trading computer I would post a chart which shows that it could go back up to the top of this channel, which would be the top of the triangle I have. As you know though I am a day by day trader who loves to play the bounces and take ...

Cable Update (GBPUSD)

Good possibility. I have not performed any analysis as of yet, since I usually do not do that until Sunday. But what I remember as of Friday it could make for a good short term bounce up. BTW WB, did you get my twitter request?

Cable Update (GBPUSD)

Dr D and Malcomb, I am in agreement with both of you. From a fibonacci retracement point of view refer to my post on December 31. url I talked about if it retraces a bit back up it's possible 1600 but the explosion down would be over 5500+ pips or ...

Cable Update (GBPUSD)