Someone earlier made the comment that price is factored before the news release, yet recently weve seen 100-200 pip movements in direct relation to the news. The only way ive survived the news movements is because i put a straddle order around the ...

Cable Update (GBPUSD)

Im sorry but I dont get your point. Are you saying because US and UK data are both bad that its somehow more bad for UK? What about the trillions of fake money the US prints, doesnt that inherently devalue the dollar? Combined with bad news data, it ...

Cable Update (GBPUSD)

I dont get it, all the news for the US data was bad, all of it, and now GBPUSD is going down? what gives?

Cable Update (GBPUSD)

Treasury Secretary Timothy F. Geithner said the U.S. economic expansion is still too weak to slash unemployment or a budget deficit headed for $1.5 trillion. “There’s much more confidence now that we’ve got a sustainable expansion,” Geithner told ...

Cable Update (GBPUSD)

I tend to agree and have put a 10 pip TS on my short I entered yesterday at 15900. All Ive got Stoch across all TF, including 4H, in oversold positions. CCI is under -100 In multiple... (TS just hit)... timeframes.

Cable Update (GBPUSD)

I re-entered my short @ 15900 after the previous stopped out at BE-2 and the numerous attempts to close above 15900 after the news. Figures, that once my Sell Limit got hit, it jumps up to the 15930 mark, where i had originally planned to enter, but ...

Cable Update (GBPUSD)

I like your chart, its methodical and clean, easy to read and it makes sense.

Cable Update (GBPUSD)

My short closed for +2 pips. I dont understand why its going up on GOOD US Data, seems backward. Will short again around 15920-30.

Cable Update (GBPUSD)

Moved SL to BE-2 (15888).

Cable Update (GBPUSD)

Thank you, but I cannot claim credit as I acted on the advice of one of our regular posters here, forexcompoun.

Cable Update (GBPUSD)

I dont know how to post the pic directly here, but here is the attachment of the pic. As you can see, sell order at 15890. I also said in an earlier post that I had a sell limit at that point about an hour earlier. The previous long was from 157699, ...

Cable Update (GBPUSD)

Closed 1.5765 long. Short 1.5890

Cable Update (GBPUSD)

Still long to 15890 at which point I have an sell limit. I will review at 15875

Cable Update (GBPUSD)

Im not sure anyone here trades what is evidently a very long term trade Myself, I open and close trades daily (almost). I cant imagine holding a trade that long.

Cable Update (GBPUSD)

The difference is if you go to his blog he is completely open about his system of analysis. Hes not just picking random numbers out of the air, or predicting with a gut feeling. Predicting reversals isnt as simple as you make it sound. The market ...

Cable Update (GBPUSD)

Abu has a point, its not fair to ask him to stop posting because you believe he is wrong. Using your logic, the first time anyone here is wrong they should stop posting? If that were the case this forum would be dead.

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I actually like his reports, they are methodical and well thought out. They might not always be right, but neither is anyone else.

Cable Update (GBPUSD)

After the major moves lately after news releases im a little disappointed in the move, or lack thereof, that this has taken. Granted, I suppose a little down move is better than a big down move since im long, but still...

Cable Update (GBPUSD)

23% of the recent drop is pretty significant, about 70 pips?

Cable Update (GBPUSD)

My two cents Im long at 15769 short term. No target, will close with next wave. Reasons: 1. History shows that anytime RSI(14) goes below 20 it always (as far back as i cared to look) retraces significantly. In addition, RSI(3) is at 1.xx. 2. ...

Cable Update (GBPUSD)