Just to be on the safe side I will wait for 1.2500 to go short, right now that beast is still alive and kicking. It is even printing some type of flag on the 1min, a bullish sign...

Cable Update (GBPUSD)

Next probable move for the cable: 1.2500, then at least 1.2475.

Cable Update (GBPUSD)

Those greedy market makers like to print Dojis or shooting stars during an uptrend and Hammers during a downtrend, to fool us. I know a trader who makes a killing just betting against them, most of the time.

Cable Update (GBPUSD)

Yep, typical ascending channel. It is going to break any minute...

Cable Update (GBPUSD)

Here we go again. Bones, seriously, do you have a PHD on trendlines or something? Why are your trendlines more valid than ours? Just curious.

Cable Update (GBPUSD)

That's exactly the chart I posted here: url The cable has touched the upper channel and should... get down tonight, like the song says... video

Cable Update (GBPUSD)

Stop listening to Soros Not sure about that 1.2585, look at that nasty Doji candle on the 1h chart, that's not a good sign for the bulls...

Cable Update (GBPUSD)

What is the daily range for you, the high and low of the previous day?

Cable Update (GBPUSD)

Sure about that ? ...

Cable Update (GBPUSD)

There is of course some randomness, no doubt. However, this semi-randomness virtually disappears when the markets start a new trend. Why? Because mathematicians noticed a long time ago that markets trend longer than would be expected if prices were ...

Most traders fail because of no discipline!

Nobody is focusing on you, we are merely reacting to some of your posts.

Most traders fail because of no discipline!

The cable is making some kind of Head and Shoulders formation on the 1min. If it fails watch out...

Cable Update (GBPUSD)

So let's me get this straight TooSlow. You started at least two threads on how to profit from certain chart patterns BUT... 1: You believe that the markets are random. 2: You believe in the Random Walk theory. 3: You believe that prices have no fat ...

Most traders fail because of no discipline!

Absolutely. Numerous studies have shown that prices are NOT normally distributed but have a fat tail. This fat tail proves that the markets are not random.

Most traders fail because of no discipline!

Yes it is an excellent article, neat and to the point.

Cable Update (GBPUSD)

Oh yeah? So if the markets are random, how come you are making money trading (according to your track record) ?

Most traders fail because of no discipline!

Spikes are good, if you are on the right side of the market.

Cable Update (GBPUSD)

According to the BBC this is not going to happen anytime soon: url

Cable Update (GBPUSD)

A visit to the dentist at 10 AM. Just kidding.

Cable Update (GBPUSD)

No doubt.

Cable Update (GBPUSD)