What events? Are you talking about the protests?

Cable Update (GBPUSD)

So... Ive got an exposed short at 1.59089. The technicals seem to imply downward pressure. The problem is, the technicals have been worth .. squat. What the point of technical indicators if they are simply ignored so often. As I write this ive got ...

Cable Update (GBPUSD)

Buy Stop Long 4 @ 1.60843 SL @ 1.61140 + 29.7 pips.

Cable Update (GBPUSD)

What was with that 20 pip spike down on the 1M? It happened in 1-2 seconds. that was wierd.. and possibily indicative of something

Cable Update (GBPUSD)

That divergence also exists on the 15M which I identified a while ago, however, it doesnt seem to matter as were still getting bullish action.

Cable Update (GBPUSD)

Thank you. Yes, one of my longs that I held for almost 2 weeks I closed for a profit. Unfortunately that leaves my shorts exposed. Funny how that happens. I had predicted that it would rise to 16000 but wouldn't maintain that level. It would seem ...

Cable Update (GBPUSD)

So much for that idea, the resistance line I idenfied was just blown through. I went back in time a little, this area were in seems to be a significant resistance area. And while I dont use formations, this would seem to be a H&S?

Cable Update (GBPUSD)

LOL, yeah it helps. Gotta love Black Friday. I got myself a new 23" LED monitor and a 55" LCD-LED TV. Ive got it set up so I can slide my chart over to the TV when Im relaxing in bed

Cable Update (GBPUSD)

I think Ive identified a strong resistance point at about 16063 marked with the red line. I believe this is also the high of a couple weeks ago isnt it? Trend lines ive put in orange. Thoughts?

Cable Update (GBPUSD)

15M MACD Bearish Divergence

Cable Update (GBPUSD)

From what I gather, its his friend doing the trading.

Cable Update (GBPUSD)

I was thinking WengOn, your friend, shouldnt be trading these size of trades. My first attempt at FX trading 3 years ago resulted in $17k lost in about 2 months. Its no joke, when they say that 90% of FX traders have to refund its because the risk ...

Cable Update (GBPUSD)

If it drops to the 50 fibo Ill be able to close my trades with a 42% gain on my account. Its been difficult, more than normal, but such is FX.

Cable Update (GBPUSD)

Im right where you are at 5 lots short ($50/pip), but Im confident in my analysis. If im wrong im wrong and Ill deal with it then. Even as it is, its only an 11% drawdown on this account which is acceptable.

Cable Update (GBPUSD)

My Thoughts

Cable Update (GBPUSD)

Entered another short of 1/3 (total 2/3) of my 15875 short @ 16030. Puts my BE at 159331. Looking for another entry at 16050.

Cable Update (GBPUSD)

Fair enough. I never expect anyone to take me seriously and often forget that my views, wrong or right, can influence the unprepared.

Cable Update (GBPUSD)

Gold is its own monster. I have a separate account where I traded gold, wasnt very profitable so I pulled out. (new high on GU as i type this). With the upcomming NFP i expect sideways movement this week.

Cable Update (GBPUSD)

BE = Break Even TF = Time Frame While Ive been trading for just over 3 years now, I still dont have a clue. Dont take my comments as entry signals please. I would hate to cost anyone money. I post to get feedback, to improve my knowledge and skill.

Cable Update (GBPUSD)

Entered a short at 16010, 1/3 the size of the short at 15875. Brings my BE up to 15909. Will continue to look for additional entry.

Cable Update (GBPUSD)