OMG Elliott Wave, I have no idea how anyone knows when a wave is complete or not, seems you can only tell after the event? That was the end of wave count blah blah, now onto the next wave which could finish, well pretty much anywhere we wont know ...

Cable Update (GBPUSD)

I reckon a 100bp cut and cable may bounce a little. 50bp and will bounce even higher. 150bp cut and cable will tank to 1.4500. Before bouncing a bit. This is just wild speculation so please DONT make any trades based on this

Cable Update (GBPUSD)

That was you closing out that pushed it up then!!

Cable Update (GBPUSD)

ahh I see though you meant you were gonna start shorting when it got there

Cable Update (GBPUSD)

For me that sounds like a pretty scary place to short from, what price area you targeting?

Cable Update (GBPUSD)

Yeah i have another smaller account with them as well, there not too bad for a deal desk but they still rob you now and then when they can get away with it.

Cable Update (GBPUSD)

Maybe you can try url They appear to allow you trade smaller lot sizes now, the only reason i didnt use them in the past is because you couldnt do this, you had to trade 1 full lot each time. They are a proper ECN broker not deal desk crooks

Cable Update (GBPUSD)

true true shorting time, but it seems reluctant to go down still

Cable Update (GBPUSD)

Have a look at Fx locals chart he posted, if you played the bounces off the channel you could have used a very small stop loss and been successfull, just something for the future to consider

Cable Update (GBPUSD)

yeah prob best to stay away for now but i couldnt resist the entry. Im locked in for +2 juicy pips either way

Cable Update (GBPUSD)

I missed all the fireworks in here Anyway, whats cable gonna do now then?? Im long from 1.4730 will see how that goes

Cable Update (GBPUSD)

Good stuff a fresh start is best, try not to hedge. I dunno if you do this already but decide your stop loss before opening any trades. If you think the stop loss is too big then its most likely that the trade isnt a good entry, wait for the next ...

Cable Update (GBPUSD)

Mate where was your stop loss?

Cable Update (GBPUSD)

Im only taking longs at the moment

Cable Update (GBPUSD)

right im out, took my pips and gonna sit with them and watch, I havent got a clue where this is going from here

Cable Update (GBPUSD)

oh well looks like i might not get a chance to add my short either

Cable Update (GBPUSD)

long from 1.4707 looking for the bottom of the trend line before my short now

Cable Update (GBPUSD)

Yes exactly what im looking at. Im planning on going short big time at the bottom of this trend line. Low risk easy to place a stop This was a major support line that was broken, has been proping up cable for since 13th Nov

Cable Update (GBPUSD)

Yeah I know that wasnt your best decision but i understand why you did it. once we sort your entry out your be flying cause truthfully it doesnt matter if your right or wrong on direction if you have a good entry and lock it in BE then you can sit ...

Cable Update (GBPUSD)

Great, I come back and see my yesterdays target of 14670 is hit and I had no shorts on

Cable Update (GBPUSD)