Short again at 1.2515, 35 pip stop. Play it again Sam. video

Cable Update (GBPUSD)

Moving stop to breakeven and off to bed.

Cable Update (GBPUSD)

Down boy, down.

Cable Update (GBPUSD)

Short on a limit at 1.2515, 35 pip stop.

Cable Update (GBPUSD)

-So you are basically betting against the breakout.

Cable Update (GBPUSD)

Yes that's what I figured. I am going to watch an episode of "One Step Beyond" to relax, tired of staring at the charts. video

Cable Update (GBPUSD)

I closed the short position at 1.2475 (+25 pips), I see a pullback to 1.2513 first. 3450, you mean 2450?

Cable Update (GBPUSD)

The UK Supreme Court Ruling is going to burn our miserable little stops in nano seconds, I can feel it.

Cable Update (GBPUSD)

+25 pips. Could it be the beginning of that mega down move we have been waiting for ...?

Cable Update (GBPUSD)

Still looking for that 1.2585, eh ? On the 5 min we have what looks like a serious breakout...

Cable Update (GBPUSD)

Oops sorry, you were talking about a possible double top.

Cable Update (GBPUSD)

By the way Fontu, here is the right way to trade a double bottom:

Cable Update (GBPUSD)

Careful now, Bones is going to tell you that your upper trendline is not a correct trendline, watch...

Cable Update (GBPUSD)

In 2008 some currency pairs moved 1,000 pips or more almost daily. I miss those moves.

Most traders fail because of no discipline!

That's it, I give up.

Most traders fail because of no discipline!

Out at the same price, the cable is just fooling around, waste of time.

Cable Update (GBPUSD)

That proves that the market is NOT random! A chart pattern that makes money consistently is the proof that markets are not random!! In your example if the market was random, it would make new highs/lows and then reverse 50% of the time and continue ...

Most traders fail because of no discipline!

The trend is a mathematical reality, not some concept or philosophical idea. The most successful hedge funds make billions following this trend on dozens and dozens of uncorrelated markets.

Most traders fail because of no discipline!

Yes but a simple price re-entry at the neckline level is not really a failure of the Head and Shoulders pattern.

Cable Update (GBPUSD)

Long at 1.2530, 20 pip stop. Now MOVE!

Cable Update (GBPUSD)