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- JRoyal replied Mar 9, 2010
Dead on in my opinion. That move down is what broke the upward trendline yesterday which changed the fractal to bearish. With that said, most sellers are looking to re-enter at 50-61% retrace level which put's the shorters looking to get in at the ...
Cable Update (GBPUSD)
- JRoyal replied Mar 9, 2010
Apologies, I missed that. I'll check the post and get back to you.
Cable Update (GBPUSD)
- JRoyal replied Mar 9, 2010
I'm interested in your opinion on market direction from this point. Care to share?
Cable Update (GBPUSD)
- JRoyal replied Mar 9, 2010
I'm not the type to get into insulting back in forth but this guy only comes on the forum to write random stuff to get a reaction from us. Your wasting time by responding to his questions with real answers. I love when his type comes around. It's ...
Cable Update (GBPUSD)
- JRoyal replied Mar 9, 2010
Do you really not have anything better to do? I mean really. If you don't care about forex, aren't you wasting time out of you life to type these words. You may need a hobby, PS3, Xbox, gay porn. Whatever works for you.
Cable Update (GBPUSD)
- JRoyal replied Mar 8, 2010
With that said it could be just a set up for a stop hunt down then a move back up so I'll not get crazy holding my shorts so I'll keep an eye out for those tricky tricky fund managers.

Cable Update (GBPUSD)
- JRoyal replied Mar 8, 2010
After todays action I think I'm with you. This has been very strange price action but it appears the bull run may not have any legs and that the sentiment has changed so much that the bulls that would be buying here may have cashed out already and ...
Cable Update (GBPUSD)
- JRoyal replied Mar 8, 2010
They are great! Excellent spreads and pretty accurate execution. I also live trade with Interbank FX on MT platform and my spread on GBPUSD is 4 pips while on dukascopy I'm getting normally about 2 pips. I pay $18 per million traded on top of the ...
Cable Update (GBPUSD)
- JRoyal replied Mar 8, 2010
I trade with Dukascopy on my main account and Metatrader for my other accounts. I'll give this indicator a look on my mini account and see what it looks like. Thanks. I'm not a big indicator guy being that too much on my screen just makes me ...
Cable Update (GBPUSD)
- JRoyal replied Mar 8, 2010
This chart details my views. The chart shows the 61% fib line from the up move that started Jan 09 and ended Aug 09. You can see the reaction of the market at that level. We got a trendline break to the upside. Historically after a trendline break ...
Cable Update (GBPUSD)
- JRoyal replied Mar 8, 2010
Okay, your playing a channel. I see it, so per your chart any sign of weakness now is a trigger to play short? If that's the case I definitely see your point of view. How do you draw your trendlines to create the channel? Any set rules or ...
Cable Update (GBPUSD)
- JRoyal replied Mar 8, 2010
I'm looking at your chart. Could you explain to me what your seeing? I don't know what your colored lines mean so I'm just trying to get an idea of how your thinking.
Cable Update (GBPUSD)
- JRoyal replied Mar 8, 2010
Good job
I've placed 17 trades just this month and you've only place 6 all year. No rights or wrongs just different. Cool.Cable Update (GBPUSD)
- JRoyal replied Mar 8, 2010
Personally I day trade but at times I have open positions based on longer term targets. I think Magix and Nav have different goals and definitions of acceptable risk which is ok as long as both of you are making money. Let's compare, I've had 17 ...
Cable Update (GBPUSD)
- JRoyal replied Mar 8, 2010
Definitely trade what you see but alot of us are looking at different time frames. A person looking at a weekly chart seeing a hammer at a 61% retracement may only be looking for a long while a guy looking at a 1 hr chart sees all todays bearish ...
Cable Update (GBPUSD)
- JRoyal replied Mar 8, 2010
Good breakdown. Due to the lack of follow through pressure to the bull side after last weeks action could be a bull trap or we could see a stop hunt this week to go get the lows from last week. Most times the big money likes to buy at 50% or 61% ...
Cable Update (GBPUSD)
- JRoyal replied Mar 8, 2010
What I'm trying to figure out is what insults, smack talk, and superiority acts have I displayed. You called my logic tainted and I never insulted you. My logic is quite often wrong but I've never been disrespectful or claimed to be superior to ...
Cable Update (GBPUSD)