On the 15M chart it is approching the 138.2 fib which are the 4H fibs. Thus since the candle just started it would be at least 1 to 2 hours of pure down movement. That is how I intepret it anyways. I will plan on entering short once it hits that ...

Cable Update (GBPUSD)

Going to the 1.6158 level I was talking about. Plus 2 pips is 2 pips. Better than a loss.

Cable Update (GBPUSD)

Sent PM. I am sure it is the negative side you are missing.

Cable Update (GBPUSD)

I do not like them. I used them before and switched from the. I once had to wait 4 minutes for them to execute a trade. I use their MT4 charts but trade w/ FXCM. MBTrading is good as well. I am sure there are others but I have had good experiences ...

Cable Update (GBPUSD)

If this closes around here, may see next hour go to the 1.6159 or 1.6172 and then begin the next 3 hour decent. But be careful could go to 261.8 fib around the 1.62400.

Cable Update (GBPUSD)

So much for that theory. All well better safe than sorry.

Cable Update (GBPUSD)

Not sure yet until the 4H candle closes @ 1am on my charting system but rough estimate would be around 1.6040

Cable Update (GBPUSD)

Closed out of this trade @1.61128 due to the possibility of a bounce back down.

Cable Update (GBPUSD)

Dr. D, With this compression and the time of day we may see a break down to hit the 138.2 fib on the 15M chart. Thus that would be the fake out and then off to the moon. We shall see. That wouldn't happen until the 1 am to 2am range EST. We shall ...

Cable Update (GBPUSD)

Well lets see what happens here. I got stopped out at +27 pips and with the drop got back in long @ 1.60849

Cable Update (GBPUSD)

ATM it is just channeling. Until it breaks 1.6058 or 1.62411 it isn't really going anywhere. But like Dr D. says it is a large range.

Cable Update (GBPUSD)

Dr. D, I was thinking the exact same thing. +200 pips each way +400 pips per day...hmmm I think I can live off that lol.

Cable Update (GBPUSD)

Well so far so good. up 32 pips using this already. Set moving SL so that I can not drop below 25 pips.

Cable Update (GBPUSD)

Go back on the charts to December 9th - December 15th. We may have a situation like that setting up again. We shall find out. If so easy way to make pips playing the inside candles. Play on the bottom long, Play on the top short. Keep tight SL ...

Cable Update (GBPUSD)

huh? — what?

MA Cross Optimization EA (very cool)

I don't know what I am doing — huh?

MA Cross Optimization EA (very cool)

sent you pm.

Cable Update (GBPUSD)

Good job Yngwie. Nice recovery.

Cable Update (GBPUSD)

The fibs. It's all in the fibs. I waited for the 4H candle to touch the 138.2 fib line. That happened in the first hour or that candle. since a 138.2 is usually a target zone to exit a trade and reverse, it meant we should have some good up movement ...

Cable Update (GBPUSD)

Rebel, Are you refering to the 1H chart? I didn't post a 1M chart. The way I do my charting I set the charts so that I can accuratly portray a full session. What that means is over the years I have found correlations between the different TF's. So ...

Cable Update (GBPUSD)