yes; next res level is 5185 back on dec 19th.... it would be ideal to see a close on the H4 at noon est around 5200 - would be a great opportunity for a 200+ pip short - and if the UK cut interest rates todays high maybe the high for the week! ...

Cable Update (GBPUSD)

yes... the USA is still thinking "Obama will save us all" (nothing against the man himself; however, the problems cant be solved just by a new leader) that may hold till Febuary - however, once people realized that he can only walk on the ground ...

Cable Update (GBPUSD)

yes, i agree: the daily range is 324 for today and we are on the high side of that since early today the weekly range is 700 and we are 5% from the high even if you think the market is going up higher, there will be a retracement - so dont be going ...

Cable Update (GBPUSD)

if you are going to short; use small lots and large stops... this market can move up / down 150 pips in one hour... if it goes against you, you can double up. if you would normally use 1 lot with a 40 pip stop use 0.1 lot with 400 pip stop... same $ ...

EURUSD

took another short go in at 4304 with two lots... its fighting; but it is going to crash soon!

EURUSD

me too... took the two positive shorts... still have one negative one... try to enter in again if the cable move up

Cable Update (GBPUSD)

true... no one should trade of of other peoples calls... i trade with large stops because i use very small lots: i trade with 0.1 lots instead of 1.0 lots... so a 400 pip stop is equal to a 40 pip stop by $ loss the reason i am doing this is because ...

Cable Update (GBPUSD)

1) the stochastics on the daily and H4 are above 90! 2) from high to low... had a 50% fib retracement 3) look at the range... it has broke up through it... will go back down to test 3770 (daily support level high back on 10/14) before going back up ...

EURUSD

yep, but i also have two other short that are lower... so overall i am down some pips :-( however i am also short the eur /jpy and eur / usd... which balance out... in the last hour my overall net pips went from -100 to +400 .... right now i am -55

Cable Update (GBPUSD)

i plan on holding till friday... this market is too overbought... and above high of the range... i have another sell limit at 5800 in case of a spike by eager bulls :-)

Cable Update (GBPUSD)

i did, but now i am up :-) got to get things done early today before the baby wakes up!

Cable Update (GBPUSD)

i agree not a good place to short... short on the rallies... however, i think we have seen the high for the week... i got a short at 1.5700.... so far so good :-)

Cable Update (GBPUSD)

could go up some more... but the cable is above the high of the range and is overbought... and the UK is worse than the US.... i think we have seen the high for the week... maybe for the month. took another short @ 1.5700 - still down some pips on ...

Cable Update (GBPUSD)

short the eur... its at the overbought and pass the high of the range — just took another short @ 1.4170 ... still down some pips from previous shorts... but eur is overbought - should fall the rest of the week now back to bed (gmt - 5)

EURUSD

i agree; i didnt think it would go this far (but the feds lowered interest rates lower than expected)... so i am already short on eur /usd, eur/jpy and gpb/usd .... got my stops in... either this week will be +10% or -10% ... we will see.

Cable Update (GBPUSD)

i am short the cable now... i think todays high will be the high for the week... usd will cut interest rate by 0.50% but that is probably factored in already

Cable Update (GBPUSD)

if you use metatrader you could you can use my indicator: Peter Bain's Pivot point system based off of midnight (whatever that is from your broker... mine is GMT time... i know some brokers use EST)

Cable Update (GBPUSD)

for all US A please apply soon! ... if you are not... i am sure the US government will find a way to help you: url the sad thing is my country is so stupid!

Cable Update (GBPUSD)

from the little i know you need to do the following: 1) get the right direction 2) use good money management 3) get good entry buying on the dips for longs and selling on the rallies for short gets good entries; however, sometimes you are not ...

Cable Update (GBPUSD)

shorted at 5062... this market cant go much more north... top of the range

Cable Update (GBPUSD)