Lessons Learned — Im going to share a personal story to provide an insight that might save someone some money. This month I was up 27% (live account), which is pretty good considering at that point it wasn't even 3 weeks into the month yet. ...

Cable Update (GBPUSD)

Ive heard this said by many posters here, yet this is completely wrong short-mid term in my humble opinion. Jan 20 USD news is a prime example and one we should all be remembering still. The news triggered a sell off to the 15835 level. This is ...

Cable Update (GBPUSD)

Thoughts? Retail Sales: Friday, 9:30. A major indicator will also close the week. After a small rise of 0.3% last month, a drop of 0.1% is expected now. This is the last figure before the raise in VAT in January 2011, so it may surprise with a rise ...

Cable Update (GBPUSD)

IMHO if this move tops 1.5952, the 89 1H SMA, we might be in for a bullish day assuming this isnt just a setup for the European session. I see green across the board right now, EURUSD is above 1.3500 again.

Cable Update (GBPUSD)

Im pretty sure the Bears and Bulls indicators are party of the default MT4 package. Look under Oscillators or Custom indicators in your list.

Cable Update (GBPUSD)

May I ask why you are going short at that point?

Cable Update (GBPUSD)

Waiting for the asian session to figure out what they want to do for the day. Recently they have been significantly moving things around and I want to be prepared. We are in a really tight range right now for the last couple hours. I read somewhere ...

Cable Update (GBPUSD)

Pretty sure at this point the short scalp discussed is done. You should have been able to get out at 10 pips. Current PA suggests another move up.

Cable Update (GBPUSD)

That TL is about the same point as the 1H 89 SMA recommend in an earlier post. Combined with your suggestion, this would seem to be a critical point and will have blown past the 50 fibo. On another note, this is why i dont scalp. My idea to short ...

Cable Update (GBPUSD)

Do you guys use the LRC? Ive found it to be very reliable, and if nothing else is a great trend identifier imho.

Cable Update (GBPUSD)

Im seeing a bunching of MA's on the 15 with stoch in overbought. With the 50 fibo suggested earlier maybe this is prime for a short scalp? However, the 5 isnt bunching... and Stoch is oversold I dont scalp, but in the spirit of sharing ...

Cable Update (GBPUSD)

I learned a couple years ago to keep my opinions to myself. I still consider myself a noob and those that dont think they are a noob scoff at my noobish ideas

Cable Update (GBPUSD)

I meant no offense, truly. I was just asking for clarification and offering my opinion.

Cable Update (GBPUSD)

I added it to my chart and I see that in the first week of Jan it was all over it, over it, under it... no clear direction. This dip under is like the dips under 2 weeks ago it would seem to me. I suppose for the record I should state my goal of ...

Cable Update (GBPUSD)

Are you shorting on anything besides the 50 fibo? When I first started trading I tried using the fibo, but found it to be unreliable, so much in fact I dont even put it on my charts.

Cable Update (GBPUSD)

Ive been trading currency for about 3 years now, yet I do not feel I have the knowledge to start offering my opinion. I was up 27% for the month, and yet here I find myself in a very difficult trade... Why? because i broke my own rules that have ...

Cable Update (GBPUSD)

By: Gerry Davies (from fxstreet) EUR/GBP is trading higher, presently at .8420, with sources reporting a central bank buying decent amounts in the cross. This action will be helping pressure cable which has slipped below 1.6000, presently at 1.5985. ...

Cable Update (GBPUSD)

BoE Governor Merving King affirmed, on a press conference after the release of the Inflation Report, that the financial crisis is "far from over" and warned about potential dangers of a sovereign debt crisis. Furthermore, King said that the monetary ...

Cable Update (GBPUSD)

I made about 100 pips yesterday with the belief that it would run to 4650... had hoped to make 200 but TS got hit, but here we are at 5000 area again and while everything seems to point down, im at a total loss for anything beyond 2-3 hours into the ...

Cable Update (GBPUSD)

Got a link for that EA? MY SL was penetrated by about 7 pips and now its 50 pips up?? You gotta be joking me... pisses me off so much. And to make matters worse the indicators i use, which are pretty reliable are telling me to enter again long at ...

Cable Update (GBPUSD)