I thought we were there last week and you told me we weren't. Turned out you were very right which by default made me very wrong. I kept my mouth closed this time but I did start putting my longs this morning but with full knowledge that ...

Cable Update (GBPUSD)

Again, if I took a shot at you or MA's I would say so. I don't have the need to spare your feelings. I don't know you. It wasn't a shot, and I too use MA's so if you wanna make it personal to start a rift with me, so be it. I'm here to add something ...

Cable Update (GBPUSD)

I didn't say that moving averages weren't good for experienced traders as well. I have a 50 and a 200 on my chart too! I think for newbies it's good to have a bias and not be overwhelmed by all the price action so by default if I was to pick maybe ...

Cable Update (GBPUSD)

Thank you sir. I do trade full time but most importantly I'd estimate I've spent over 15,000 hr's analyzing the GBPUSD chart and even more $$ trying to figure this thing out. It's not easy but with enough effort you find high probability scenarios ...

Cable Update (GBPUSD)

Moving averages are good for newbies to identify market direction but they are lagging indicators. The market moves in fractals. Example: if the direction is down 100 pips, then retrace back up 50 pips and then go another 100 pips down. That is ...

Cable Update (GBPUSD)

I've spent alot of times studying charts like most others on this board. I couldn't explain my methodology in just a few sentences but basically what I've learned is that pros enter positions based on targets and amateurs wait for a lot of ...

Cable Update (GBPUSD)

I'm long, but with caution. I've been long since this morning and I see it making it to the 5083 level. It's not that the market can't continue down forever without a significant pull back but historically, it just doesn't. We're at a 61% retrace ...

Cable Update (GBPUSD)

Remember I cautioned you about the 50% retracement level from the up move from last March. In that instance I was wrong and we only got a small bounce. Now we're at the 61% level of the up move from Jan 09. This is probably the strongest chance of ...

Cable Update (GBPUSD)

Good job on market forecasting this week. I was looking for the turn that looks like won't happen until probably tomorrow or next week. I've been on the side lines while you've been milking the market. I tip my hat to you sir.

Cable Update (GBPUSD)

I'll be interested to see what happens at 1.5270. Another support area from based on the 50% retracement from the bottom of the up move from Jan 2009. A lot of news today, should be interesting

Cable Update (GBPUSD)

Most likely the reason your doing so well!

Cable Update (GBPUSD)

I've found that the better I have become as a trader the longer the time frame I'm basing my positions on. I remember when I first started and I would try to look at the 4 hr and 1 day charts but they would always be doing something different then ...

Cable Update (GBPUSD)

Depends on the trade I'm in. I do enter trades during the day based on say a trendline break at a support area on a 15 min chart. If that happens close to a news announcement then I won't trade it because my stops on those trades are always small ...

Cable Update (GBPUSD)

I don't discount your analysis of the market. I think it's a great thing to have people that have different views of the market to share they're thoughts. I may pick up something from you that I didn't look at that may save my account that day! I ...

Cable Update (GBPUSD)

No problem. Yes it's a mini account. I have 3 accounts I trade actively. I also trade with Dukascopy for my larger fund. I traded with MT for so long I'm very comfortable with it and I find when I want to make a chart detailing my analysis or ...

Cable Update (GBPUSD)

No problem BT. The good thing about looking at longer term charts is that even though there may be a good correction from this point, since it's based on longer time frame it usually takes a little time to slow current market momentum so short ...

Cable Update (GBPUSD)

Okay I've been saying the same thing for a couple of days but I'm trying to add something to the forum. Some you might be wandering who is this guy and why is he talking. Short bio on me, I'm a full time trader have been for over a year now and I ...

Cable Update (GBPUSD)

Trading is about energy. Direction of the market isn't always picked by more sellers or more buyers the way we think. Sometimes one side wins by default due to the other just standing aside. I said this yesterday, but I would be weary of selling ...

Cable Update (GBPUSD)

If you just set up your extra screen as extended desktop, you can minimize MT4 and then just go to the bottom right of the screen and stretch across your extended desktop. The MT4 will stretch across both screens. That's what I did and I would have ...

Cable Update (GBPUSD)

I said this earlier but Bears beware! If you look at a monthly chart, we're at a 50% retracement level from March 09's up move. This is the first time touching. The market has a good memory. If you don't believe measure from the swing low from March ...

Cable Update (GBPUSD)