Alex — Alex, You are correct, the trend since January is certainly pointing upward. I am not sure the shorter trend will go your way but in my opinion this area we are at now is a tough area. Look how many tries it took on the 4 hour to get ...

Cable Update (GBPUSD)

Hey — Hey Bogus, Good to see you. Good chart and I think we have a shot at breaking that support but it is strong. Hope your trading has been going well.

Cable Update (GBPUSD)

Current 4hr — The current 4 hour chart gives us a few options to find our next trade. First if we are going to go short, we need to break this current area which was strong resistance on the way up and now has stopped us dead on the way down. ...

Cable Update (GBPUSD)

Drama — I love Forex Factory. I started here and have learned 1000 ways not to trade Forex but found my gem along the way. Let's enjoy the forum provided for us, please! Some of these posts are getting close to the edge and I am sure it won't ...

Cable Update (GBPUSD)

Cool — Thanks all, I always enjoy a good friendly exchange of ideas. Have a great evening and good trading.

Cable Update (GBPUSD)

Thanks — Magix, Thanks but no thanks. I will continue to trade what happens live. I will leave the predicting for the rest of you. For me there is nothing like taking a trade when actual prices crosses a trend line that has held for several ...

Cable Update (GBPUSD)

Good Point — Magix, I don't disagree at all and my bias may be short. But I do not reflect what is on my daily chart on my 4 hour, I use them all. BTW...I made no forecast with that chart...I react, not predict.

Cable Update (GBPUSD)

Good — I do not choose any certain number for either SL or TP. I set my SL's behind the closest support or resistance depending on the trade, usually no more than 40 pips. TP's are based on Fib levels.

Cable Update (GBPUSD)

Not In — Thanks for the question. I am not in any trades at this time. My upper trend line is based on the Demark Method for drawing trend lines. I will take a trade based on breaking out of either trend line or consolidation on a shorter time ...

Cable Update (GBPUSD)

4 hour — I like to trade breakouts and I find them to be the easiest and most accurate trades for me. We usually break consolidation with enough momentum to kick us into profit. Fibo bounces are great too. Here is my take on the 4 hour chart. ...

Cable Update (GBPUSD)

No Offense — Alex, No offense intended here but what did you see that would cause you to go long at 585 when we are in early Asian session and consolidating? Just curious.

Cable Update (GBPUSD)

Price Action — I am always amazed when people call trades when there is no price action. I need to see the Crystal Ball you guys are using.

Cable Update (GBPUSD)

Great — Once again you are looking at the big picture. Exactly where you would expect resistance. Also a great place for a breakout and if we do, it should run for a while. Great post!!

The Zone Break Out

You are — You are the one who is killing it. I just looked at your move a little more closely. Nice bounce on the trend line.

The Zone Break Out

Good one sherm. I also took a second trade and it was a short not so long ago. We are just in that range yesterday and today where I am happy with 30 or 40 pips.

The Zone Break Out

Trades — Today was another day we worked for our money. I took a few trades and made some pips. Closed first position up 34 pips as we backed up. I got knocked out of second position at +5 pips.

The Zone Break Out

Good — Good trade and Money Management Sherm. I did not have any longer term positions running today and only placed a trade at the low today. I am not going to post the chart because that is not what I am teaching here. I will be posting some ...

The Zone Break Out

Thanks — Thanks and you know your posts are always welcome and on the money. You were right about us testing the high again and I should have held onto that second position just a bit longer. Thanks again

The Zone Break Out

Today — I am finished for today. One thing to make note of is we have moved from high to low today about 270 pips. Having covered our average daily range, the chance of another breakout is unlikely. The only other trade that would be possible ...

The Zone Break Out

Closed All — Just closed the second position for another 108 Pips. Total today for two positions is 197 Pips.

The Zone Break Out