If your entries are good learn about fibonacci numbers. those will tell you exactly where to get out.

Cable Update (GBPUSD)

DR. D. HAPPY NEW YEAR til next year, and when you get a chance if you could tell me which EMA's and/or SMA's you use on your chart. I think I will fit in with my long term MA's and fibonacci's that I use. Thanks.

Cable Update (GBPUSD)

BR, LOL, you did get me...or did you? I left myself a way out on a technicallity. I did say market, not broker (Sydney Market, Tokyo, London, New York). This is taken from the Onada website.. And according to that the London market closes in 12 ...

Cable Update (GBPUSD)

I still got no takers...Anyone??? I will give 100 to 1 odds.

Cable Update (GBPUSD)

BR, Actually it has been going sideways for about 7 months now. It may continue, it may not. I do believe that the long term it will go down and test the bottom that was formed back in Janurary but it could go up to 1.78/1.79 area before it does. ...

Cable Update (GBPUSD)

Yngwie, Again here is my post from yesterday. The retracement was inevitable and the level I gave was accurate.

Cable Update (GBPUSD)

I have to agree with Malc here. When it hit the low back in Jan of this year, that was a support that has held up for 23 years. Basics or trading, and common sense dictates that it will not blow right through that spot, and it should go back to test ...

Cable Update (GBPUSD)

With no doubt in my mind, and I will take all bets on this one, the market will close today. And I will go one step further, it will not reopen until next year. Any takers want to prove me wrong? as for the 1.6040 today, I doubt it but anything is ...

Cable Update (GBPUSD)

If it breaks the support we saw back earlier in the year it will drop a ton. It is a support that has held up for 23 years.

Cable Update (GBPUSD)

I'll give em this, he's got balls. I am like you Malc, 90% day trader. a 1 year trade is too long for me.

Cable Update (GBPUSD)

Real account or demo account?

Cable Update (GBPUSD)

This appears to be accurate for the longer term charts, from what I can see at a quick glance. I will know more when I update my fibs Sunday for the next month/week/day.

Cable Update (GBPUSD)

As you can see from the attached chart, it is setting up to make a real big move. Attached is the 4 Hr chart using the weekly fibs. As you can see, it went from the 138.2 on the downside to the 138.2 on the up side. The daily chart showing the fibs ...

Cable Update (GBPUSD)

My earlier post from yesterday. The fibs do not lie.

Cable Update (GBPUSD)

BR, Now you got the ticket. Take care and Happy New Year. CTIC

Cable Update (GBPUSD)

It depends, but in this situation no. Since all my trades are short term, held for less than 1 year, they are short term capital gains which are taxed at a higher rate. In addition no writeoff can be taken. Now being classified as a trader, I can ...

Cable Update (GBPUSD)

Br, That is true, those were good experiences and the education does help with my business. It has shaped me into the person I am today, and I am thankful. I would not trade the education away for anything. I will tell you this in 25 years ...

Cable Update (GBPUSD)

Plus the Bears have been losing all month in football, yet winning in the Forex. But seriously, it's due because it hit the 161.8 fib on the daily chart. Usually when it hits that fib it does bounce pretty high before it continues back down. Once ...

Cable Update (GBPUSD)

It is a retracement. If you want a reason well...the Chicago Bears beat the Minnesota Vikings. The Bears won in football so they have to lose in the Forex. There is the reason LOL.

Cable Update (GBPUSD)

Not only that, but the hard part is trade the demo account like it is real money. That was my biggest mistake starting out. I had an unreasonable demo account balance, way more than I was planning on trading and naturally made money because I was ...

Cable Update (GBPUSD)