Well, we finally have a lower low in the higher timeframes. So we could see a rise up before any selling takes place. That's if she wants to head south now.

Cable Update (GBPUSD)

I am going to assume he trusted his analysis a bit too much and got burned. It worked well when the market was trending but in the transition between trend he got burned from what I remember.

Cable Update (GBPUSD)

Nice entry. I see not much happened over night. Thats good! Leaves me some pips to look for today.

Cable Update (GBPUSD)

Closed +55. Short entry waiting @ 5205. Good night.

Cable Update (GBPUSD)

Yes, don't do it! You can try, as I have, and you will lose. Trading the news requires skill and quick thinking. Its not worth the quick 20-30 pips.

Cable Update (GBPUSD)

And my TP is 5175.

Cable Update (GBPUSD)

I have no idea. I don't trade news. I'll keep up on what was released but I don't base trades around it. It's too dangerous.

Cable Update (GBPUSD)

- How long do you typically spend trading per day? I glance when I have a chance but sit down and wait from 00:00GMT up to London open. - How many of those hours are actually spend in a trade? As long as it takes to make my 40-100 pips per day. - ...

james16 Chart Thread

See that. Headfakes all around!! Long from 5109.

Cable Update (GBPUSD)

The key is price action on the higher timeframes ... Read up on price action and swing highs and lows. Are you trading demo or live? And how much experience do you have?

Cable Update (GBPUSD)

US retail sales were shit and that prompted selling, equties fell and now the asian markets are following suit. One would expect the european markets to fall as well, and this will weigh on the pound and provide some strength to the dollar. Ideally, ...

Cable Update (GBPUSD)

Well so far the trend remains bullish until a lower low is formed in price on the higher timeframes (1 hour/4 hour), essentially, bearish below 5100. I am going to take profit above 5150 and below 5200, and then look to short 5200/30. Can't be ...

Cable Update (GBPUSD)

Are those positions on ur MT4 all sells?

Cable Update (GBPUSD)

I went long earlier at 1.5110 .. Still holding with stop just below 5100.

Cable Update (GBPUSD)

The london session closes at 11:00 AM EST, after this trading volume drops significantly, and in low trading volumes, spreads tend to widen. A sure sign that you should maybe walk away and do something else. Price is between two levels, 5100 and ...

Cable Update (GBPUSD)

I agree with you. Unless today is the day the pound decides to extend its usual range, I would lovee to see her travel back to 5230/50.

Cable Update (GBPUSD)

Ya. I have always been a fan of 50%/61.8% retracements for moves that size. In this case the 50% is 30 pips away from the 31.8 and 61.8% is 60 pips away (apporiximately). Too big of a stop for my liking lol

Cable Update (GBPUSD)

The praying smilie tells me you are unsure about your position.

Cable Update (GBPUSD)

Woww! I missed it! All of it! I hate being asleep during the London session. Price action is still bullish until there is a lower-low made on the hourly. Check my chart. I also highlighted three possible areas price may reverse back down if the ...

Cable Update (GBPUSD)

Windsor is warm and sunny! And yes, I would like to short. Use a stop. Thank goodness I had one in over night so I didnt suffer the run up to 5350! Alan greenspan was saying some good words as well .. you can find the article on bloomberg. So who ...

Cable Update (GBPUSD)