I understand what he is doing, just don't know for sure why.

Cable Update (GBPUSD)

Thanks — Thanks forexnovice. I think that pattern played out @ 9688. Now in wait mode to see where we go from here.

Cable Update (GBPUSD)

Wish I could — Sorry, Goodthings. I run my charts on an independent system and cannot (really don't know how!!) link them to the computer running this forum. Rising wedge is just a basic tech analysis pattern that is pretty reliable. ...

Cable Update (GBPUSD)

Correct — Exactly my thoughts. Good luck

Cable Update (GBPUSD)

Breather — For information only. Don't trade off my observations please !! I see the GBP/USD coming out the bottom of a rising wedge. Target would be about 9680. Just something to check out folks.

Cable Update (GBPUSD)

Here, Here !! — Very well said and exactly correct. I believe the saying is- "THOSE WHO CAN, DO. THOSE THAT CAN'T......... ......................"

I may have been dooped

I have a plan — Well Guys and Gals, I have devised my trading plan for the day. I am going to the beach and not going to worry about until tonight at the European open. Good luck everyone and be careful !!

Cable Update (GBPUSD)

Not a pro but — I am not a pro, but I am just watching. Really see no direction worth getting on yet.

Cable Update (GBPUSD)

Spectator for now. — I got my 25 at the first of the move fully expecting it to turn about 9530. Just goes to show us that we are at the mercy of the market and we might as well learn to live with it !!

Cable Update (GBPUSD)

?????????? — There is no good explanation. Could just as quickly go the other way. Careful is the word !!

Cable Update (GBPUSD)

Careful — My plan is to just try to take a bit from each move. The moves will most likely be exaggerated because of the season. We hit major resistance @ 9572. Just take a little when you can

Cable Update (GBPUSD)

Gotta' Love it — Gotta' love this forex trading. Got my 25 to make the day and now looking for the money to play with.

Cable Update (GBPUSD)

Quiet !! — Yes it is "quite" "quiet" tonight so far. Holiday market is most times sporadic and a little iffy to get a good read. We will see what the charts tell us. Several important numbers out in the next few hours.

Cable Update (GBPUSD)

I'm done — Housing didn't do much. Had a good night so am going to enjoy the sunshine in Southern CA. Will see where the market takes us tonight. Everyone have a good day and Merry Christmas !!

Cable Update (GBPUSD)

You Go NewstraderFX — AMEN !! Hallejuia !! You tell 'em !! I agree with you wholeheartedly !!

The EUR/USD Rally-Still Dead?

Thanks — Thanks for the advise. The EUR/USD not playing ball was instrumental in my decision to close part of my position before I reached my 1st target. As far as Iran is concerned, I understand they have only about 14 billion USD that they ...

Cable Update (GBPUSD)

A little sleep — I closed half my position @ 9520 and moved my stop to BE on the rest. I am going to rest a bit and be ready for the NY open. Good Luck everyone !!

Cable Update (GBPUSD)

Looks like we will re-test 9545/50. I still expect it to continue down from here. Like I said earlier, the holiday markets are a little harder to read.

Cable Update (GBPUSD)

Yessir !! — As long as pips are dollars I will take all I can get!!

Cable Update (GBPUSD)

I am still short GBP/USD and don't see any reason to doubt the decision. Break under 9545 was significant. My take on the China article is total bunk. No confirmations from any reliable sources. This pops up periodically. Definitely need to take it ...

Cable Update (GBPUSD)