And looks like another failure so far.

Cable Update (GBPUSD)

Looks like we are making another attempt at breaking out to the upside.

Cable Update (GBPUSD)

Closed my short here with 13 pips profit. Didn't mean to hold on over the weekend, but things didn't work like I planned. Tomorrow I'll look for a long entry.

Cable Update (GBPUSD)

<p></p> <p></p> Ok, so spoke too soon.

Cable Update (GBPUSD)

Looks like a breakout to the upside.

Cable Update (GBPUSD)

This consolidation is starting to look bad for my short. I was hoping for a quick 20 pips or so when I went short, but then we legged up again. If we break through this downtrend line we're up against, I'm going to be stopped out.

Cable Update (GBPUSD)

Yeah, I was wondering the same thing. I don't know how to get the current prices, as mine only seems to show me prices during live trading.

Cable Update (GBPUSD)

Well, I don't remember exactly where my average price was. But I think it was around 1.6403, give or take a pip or two.

Cable Update (GBPUSD)

It seems like every week we open with a gap of some sort. But it also seems like we fill that gap just about every week. If we open significantly down, I may close my short position. I was about 3 pips out of the money Friday when we closed, I'll be ...

Cable Update (GBPUSD)

I'll take that as a yes.

Cable Update (GBPUSD)

Isn't that your guess every week?

Cable Update (GBPUSD)

I'd like to see some positive USD news come out and watch Cable go down 30 or 40 pips. Then I'd start buying small lot's.

Cable Update (GBPUSD)

I went ahead and jumped out at 13 pips profit. Which is really only 11 pips profit because I trade through commission. I'll look for a long entry now.

Cable Update (GBPUSD)

I haven't dumped out just yet. I bought in at 1634.

Cable Update (GBPUSD)

Not feeling too terribly confident about my short scalp here. I may set a tight stop.

Cable Update (GBPUSD)

This is looking long to me, but I'm going to try a short term short here, a scalp.

Cable Update (GBPUSD)

On the hourly chart, this looks like an inverse head and shoulders pattern.

Cable Update (GBPUSD)

We are above a very significant level right now for bulls. Bones says it's false. He's a bear. Bulls say the bear move was false. I think we'll know this week, if we push back down and stay down this week, I'll turn bear. But if we stay above this ...

Cable Update (GBPUSD)

I suspect we're going to reverse here and head back into the bullish trend. However, if we bust down through this level, I will join with the bears in thinking we are heading back into the 1.5 levels.

Cable Update (GBPUSD)

Some pretty heavy selling going on right now.

Cable Update (GBPUSD)