Agreed. That is a possibility. That's my point on this board. Consider all the possibilities and then trade what you see. Last week being that it's a 61% retrace level, even though counter trend I was cautious when selling and more liberal with my ...

Cable Update (GBPUSD)

Well if you look back through my post I've never said anything to be a absolute. I always say, be careful because we're close to a particular level etc........ I know as a earlier trader I would trade with current day's trend not knowing about a ...

Cable Update (GBPUSD)

It would be hard to try and explain in typing. I'd much rather talk but here it goes. I'm not saying that the market is going to go up and make a new high but if you look at the monthly chart price went up from Jan 09 to Aug 09. Couldn't go any ...

Cable Update (GBPUSD)

Thanks. I don't post my live trades as they're happening due to my position as a fund manager and frankly, I charge my clients for that info so it would be unethical for me to give it out on this board for free. What I do try to do is give some ...

Cable Update (GBPUSD)

You have a right to disagree. As far as the reasoning why I said such a distant target was possible is due to the energy that created the turn. Position traders and large cap players who were bullish the pair and entered orders up from the low last ...

Cable Update (GBPUSD)

I was one of the ones claiming this thing was headed back up to the 1.5600-1.5900 area but todays action concerns me. If market closes in the area that it's at now then we have a trend line break to the downside on the 1 day chart which is alot ...

Cable Update (GBPUSD)

I respectfully disagree with your stance on the market. If you feel the market is that random and is equal to playing black jack then you should really consider changing your trading strategy. I've been in this market for a few years and I've found ...

Cable Update (GBPUSD)

Yes, sorry about that.

Cable Update (GBPUSD)

I've been short since 1.5108 and I think the target area is the 1.5900 - 1.5850 area. I stated earlier today that I feel the medium term market direction has changed to bullish and the move back up from the 1.5850-1.5900 area is going to be in the ...

Cable Update (GBPUSD)

Absolutely agreed! If it breaks that line, it'll probably be a fall of biblical proportions.

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I meant Demand line not Supply line. Apologies

Cable Update (GBPUSD)

I believe price will go down and test the 1.4850-1.4900 area to clear out the rest of the Bears and then start it's move up. We've had a Tom Demark (supply) trendline break on the daily chart to the upside at the 61% retracement level of the move up ...

Cable Update (GBPUSD)

Could be, do you think time of day and lack of market participants is a contributing factor to price losing momentum or do you believe that the 1.5000 will just hold and south we go from here?

Cable Update (GBPUSD)

definitely some merit to that. I first went long this morning at 1.4877 and added as I went. All of them are closed except my last buy at 1.4914. I had hoped it would punch right through the 1.5000 level but it's really fighting. I am a little ...

Cable Update (GBPUSD)

I was thinking 1.5600-1.5800 area. Last week I thought we could go as high as 1.5900 but that huge move down on Sun-Mon has me thinking maybe not as far but I'm with you on this. I just hope my open positions don't get caught in a stop hunt. I'm ...

Cable Update (GBPUSD)

Thanks for the support and advice. Great trading to you.

Cable Update (GBPUSD)

Absolutely! You can be right about the direction but it's hard to figure out when it going to go there so #1 rule is to protect your capital to make the next trade. The market direction is very predictable but how and when is the tricky part. Most ...

Cable Update (GBPUSD)

Personally I trade based off a 1 day time frame but I use the micro scope of small time frames to pick my entries. I don't know what time frame your talking about when you say hit and run. What I've found in my studies is that price is most ...

Cable Update (GBPUSD)

Thanks but I just want you to understand that I'm not against moving averages. Me thinking that they're good for newbies doesn't not mean that I believe they are only for newbies. My quote was taken out of context and I just wanted to address that.

Cable Update (GBPUSD)

My comment stated that "amateurs wait for a bunch of confirmation". I don't know why a statement like that offends some of you. A floor trader said it to me and I wasn't offended, I tried to figure out what he meant and if I was one of the amateurs ...

Cable Update (GBPUSD)