Exactly what I do. I am a day trader by nature. Normally, I would play the retracements back the other way too, but I don't feel good about this one. I believe this is starting to continue a stronger downtrend so upmoves wouldn't be nearly as great.

Cable Update (GBPUSD)

Looks like I had a premature exit. That's ok though, I do think we will get a bounce back up before it heads much further down, then I can get back in. I do still have my USD/CHF long trade going though. We will see how that plays out.

Cable Update (GBPUSD)

I'll get back in, I love playing the bounces!

Cable Update (GBPUSD)

There should be a small retrace here, or at least there typically is.

Cable Update (GBPUSD)

It hit worm. I took my 110 pips and ran. I am done with cable for the day (or at least for now) lol.

Cable Update (GBPUSD)

Came this far, don't see any reason not to get the last 20. lol. By the way which pairs do you trade? I also trade multiple countries. Just curious.

The WoRmHoLe

Out of curiosity how do you draw your fibs? I do not have any 38 fib on the 1H chart anywhere close. Actually we are approaching targets.

Cable Update (GBPUSD)

Indeed wormie I do like the shorts today. I will post in here from time to time, since I do like your style. I know I have been using my method now for about 4 years and it hasn't failed me yet. Your posts combined with my fibs and MA's I ...

The WoRmHoLe

You and I have the same vision.

Cable Update (GBPUSD)

That is why I love the forum as well manize. Many good traders in here and even if your the best trader, you can always learn new things from people. Everyone has someghing to bring to the table.

Cable Update (GBPUSD)

We'll get it.

Cable Update (GBPUSD)

Man am I good.... lol. It's in the fibs, its all in the fibs.

Cable Update (GBPUSD)

Actually, I think I will keep this one and not close. Set sl to be.

Cable Update (GBPUSD)

Not anytime today in my opinion. Maybe by the end of week.

Cable Update (GBPUSD)

Hmmm you made them long, I made them short. Still waiting for my long term entry though.

Cable Update (GBPUSD)

Good job, I'm still waiting for entry. Don't know what it is with me tonight, maybe tired but I am a little trigger shy today.

Cable Update (GBPUSD)

Wow, this is a first, do you and I actually have different opinions for the day? We shall see, as always I am waiting for my confirmation before I enter either way. lol.

Cable Update (GBPUSD)

Good job Bro, I just got to the office not to long ago and felt I missed my opproturnity for the longs. Besides, I am not in the mood to try contertrend today. This may go to 163.21 before heading back down.

Cable Update (GBPUSD)

Two things, timing and fibs. Trading is all about timing and the targets of where they are going and coming from.

Cable Update (GBPUSD)

Sorry read my line wrong, 1.6295. but it is at 75 right now.

Cable Update (GBPUSD)