Short GBP/JPY (143.64 ), stop 143.80 Another scary counter-trend move. More often than not, the most "uncomfortable" trades are profitable.

Cable Update (GBPUSD)

Good call Noors, even though you did not mention the size of your stop at the same time.

Cable Update (GBPUSD)

Uh-uh. Drink a lot of Seltzer water and eat fat food, like greasy hamburgers or sausages, that should help. GBP/JPY you said? I am waiting for a pullback to 143.10 to buy. It's going to touch that level and go up, watch...

Cable Update (GBPUSD)

Bones, you are using so many time frames that it's hard to keep up. How you manage to juggle between the 1h, 4h, daily and weekly charts and still trade without any confusion is a mystery for me.

Cable Update (GBPUSD)

There is no such thing as an overbought or oversold market. "Overbought" markets can continue to be overbought from a long, long, long time, long enough to ruin any stubborn short seller in the process.

Cable Update (GBPUSD)

Yep, GBP/NZD finally closed that gap and that down move after the NZD CPI was a fake. I mentioned earlier that GBP/USD does not respect trendlines and other chart patterns. GBP/NZD, on the other hand, does not respect ANYTHING, period! I mean don't ...

Cable Update (GBPUSD)

You should try and sell it to HSBC, Barclays or Lloyds bank then, and become an instant billionaire... If not try Gordon Gekko, he would love to have that type of software.

Cable Update (GBPUSD)

If you say so.

Cable Update (GBPUSD)

What do you mean?

Cable Update (GBPUSD)

I've heard that FX brokers can close your account (and keep your winnings) if you use that type of software to outsmart them. Remember, legally you are not allowed to use any kind of software to cheat on your broker. Also, keep in mind that brokers ...

Cable Update (GBPUSD)

Most trading platforms, brokers and traders are still using MT4. It will take them some time (years?) to learn MT5 and upgrade their system. It's like Windows, the latest version is 10 and yet most people are still using Windows 7...or even Windows ...

MT4 or MT5, Which do you prefer?

Yes, but the upside potential is seriously limited, look at all that heavy resistance ahead, around 1.2700. Breaking through that zone is going to be worse than breaking through a Gestapo checkpoint, to say the least...

Cable Update (GBPUSD)

And what's wrong with making money, if both the traders and the money manager (Benjamin) can make money and share the profits?

Most traders fail because of no discipline!

His condition is beyond any medical treatment. Even an exorcist wouldn't know where to begin.

Most traders fail because of no discipline!

Anyway I am out at 1.7350 (+40 pips), that leaves me with a 20 pip profit total on that GBP/NZD position (-50 + 30 + 40). Oh well, it's definitely better than slipping on a banana peel.

Cable Update (GBPUSD)

Looks like GBP/NZD is trying to close the gap.

Cable Update (GBPUSD)

No no I am just saying, I did not trade the GBP/CAD (too busy watching GBP/USD).

Cable Update (GBPUSD)

No so far the winning horse is the GBP/CAD, almost 1000 pips in 10 days, with no weird reversals along the way, just well behaved and short lived pullbacks..

Cable Update (GBPUSD)

Plenty of action for tomorrow Thursday Jan. 26: UK GDP (4:30 AM EST), US Trade Balance (8:30 AM), Japanese CPI (6:30 PM) plus other financial reports of medium importance. That's good for us day traders, because that means bigger intraday range.

Cable Update (GBPUSD)

Long GBP/NZD 1.7310, 35 pip stop. Scary counter-trend move...

Cable Update (GBPUSD)