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Cable Update (GBPUSD)

Noo.. all this indicator does is overlay another currency pair/index on top of the one you are interested. I use GBP/USD with and overlay of the inverse US Dollar index to look for any divergence in price .. like when the dollar index is going up ...

Cable Update (GBPUSD)

Yeah I just read on Daily Fx.. I mean, banks dont need that much it seems. All the market needs to see is one tiny mistake and dollar will gain strength again. I guess this makes it tough to chose direction.

Cable Update (GBPUSD)

5PM close yesterday was a hangin man, today we are going to see bearish engulfing. Daily 00:00 GMT close appears it may be bearish engulfing as well. See you in asia.

Cable Update (GBPUSD)

Ya if she cant surpass the 38.2 I'll short with a tight stop!

Cable Update (GBPUSD)

Dont let my analysis throw off what you are seeing. Trade what you see!

Cable Update (GBPUSD)

Here you go! Works well when one of the pivots lines up with a support/resistance level.

Cable Update (GBPUSD)

And my stops are never much wider than that...So I have to sit and wait for the quality entry. I like money too much to lose it.

No Brainer Trades

I did twice. My first was +20 and the second got stopped overnight BE during the news Aw well. I am looking to short again.

No Brainer Trades

Here my plan to go short now... First of all, we just bounced from... 4934 (Monthly M4 pivot) 4939 (Weekly M4 pivot) 4930/50 .. prior resistance/support 4938 38.2% fib from 4515 So that's good for anyone who looked to buy at that level The nest ...

Cable Update (GBPUSD)

Target hit! 50 pips in 17 minutes!

Cable Update (GBPUSD)

I expect a bounce now. We hit some support that I did not clue into earlier. There are also some weekly and monthly mid-level piovt points in the hight 4930's, so combined with this support we might see a bounce now. I would like to see 5070/5100 ...

Cable Update (GBPUSD)

Wow just saw the rate on tv! .. Have to comment.. My short calls from 5150 are doing nicely, almost +200 for anyone who took them. I was stopped out during the news. Sigh

Cable Update (GBPUSD)

Double. Top. After the news spike, an entry at 1.52 could have been considered or taken again at 5150. Looking at +200 now.

No Brainer Trades

Will be back later around 5:00pm EST. See yous then.

Cable Update (GBPUSD)

Nice words. I personally like to settle with 50 pips a day. If one can manage this, thats: 125 pips a week (mon-fri) 500 pips a month 6000 pips a year (assuming no holidays of course) .. a standard account = 60,000 for the year a mini account = ...

Cable Update (GBPUSD)

USDCAD might be setting up for a nice long trade! Check out this weekly.

No Brainer Trades

I am going to give you guys a nice heads up on a potential long trade for USD/CAD. See the chart. It has retraced 50% of its upsurge to the 1.30's and into a zone that clearly has zome significance (This is a weekly chart). I am waiting for the ...

Cable Update (GBPUSD)

Nice job CW. I read alot of your thread and you made me realize that this style of trading will fit anyones lifestyle. Now, I am more of a day trader as a hobby (I am still in school), however the S/R concepts I have put to good use with the Pound ...

Silent Service Method

Inz, He was merely just testing your view! Dimlat, his pattern is a bullish one and it just so happened to be right into support at 1.500 .. 1.500 is a big support/resistance/psychological level in its own and you can see price reacted to it. So his ...

Cable Update (GBPUSD)