Funny you mention that... I have noticed that with most all candlestick formations. The tops are easier and require less confirmation than the bottoms. Funny, I wonder why that is? wow.. no help from the news, which is not surprising...

Cable Update (GBPUSD)

hmmm.. no, I think I had a good supporting cast, the only thing not in my favor was the lower 1Hr Trendline and perhaps confirmation on the doji, but based on where the doji happened I felt pretty good about it.

Cable Update (GBPUSD)

hmmm.. could be... I sure did like what I saw though.

Cable Update (GBPUSD)

Yep.. decided on the long.... time to go for a walk I think

Cable Update (GBPUSD)

Yeah.. it is coming back nicely to form a nice big 1Hr doji bar... might be reconsidering and joining you if this thing stays true to form.

Cable Update (GBPUSD)

That just about wipes out the thought of going long here .. still may see a morning star out of this on the hourly, but that is another 60M away, until then, we have still not reached the bottom of the hourly channel.

Cable Update (GBPUSD)

Possible bottom.... — We may have found the bottom..... still waiting for confirmation. We have had a 15M Bullish engulfing bar and a 30M Bullish Piercing Bar. Price is hovering just around my 100 BB lower line as well as a daily trendline and ...

Cable Update (GBPUSD)

MGP... wooopdeeeedooooo.. lol Thanks for the laughs though!

Cable Update (GBPUSD)

Mathmatically it is okay... Dumb was what I was thinking! To each there own I guess.

Cable Update (GBPUSD)

Dude, there is no way that you are playing $10.00 pips with a 100.00 account. 10K demo account is my guess!

Cable Update (GBPUSD)

That is pretty darn funny right there!

Cable Update (GBPUSD)

Sentiments 07/20/10 — I am still bullish on the pound due to the weekly close being a bullish bar. This means I am looking to buy dips. I have these S/R, TL's and Channel points to keep my eye on today. Enjoy! There are more higher and lower, ...

Cable Update (GBPUSD)

Yes, that is what I was looking at.. defintely H&S characteristics for sure, but I also see the wedge, however, your 4HR chart really shows that we may be at a bottom here.

Cable Update (GBPUSD)

Yeah.. this chart looks pretty nice if the wave counts are right, we should now move up and back down a bit and be off to the moon... if I am seeing that right.

Cable Update (GBPUSD)

I guess I meant more of a triangle formation where TL was pushing down into a s&r area.... more of a horizontal base then a wedge base..

Cable Update (GBPUSD)

Hey Bro.. I wasn't calling you stupid man, I was giving you a complement. Easy on the defensive man! So, the disadvantage for me is that I really am not versed on counting waves, but I do understand hedging. It really sounds like a good plan, but I ...

Cable Update (GBPUSD)

Well, you definitely have the MM part right. 15:1, that is about the highest I have ever seen. Kudus to you on that. So you are going to risk 2K no matter what, is that your plan? so if the trade opens up 25 of your other orders, and comes back, you ...

Cable Update (GBPUSD)

Where was your first entry? , and do you remember what post that was? What as well did you figure the neckline @ 93.00 area?

Cable Update (GBPUSD)

I think I did, was that the weekly chart? Will take a look again. Thanks

Cable Update (GBPUSD)

Yep, I think I am in agreement, I am looking for it to head back to 1.5200 area and my 200 BB center line and then waiting for my entry bar.. Thought it would happen today, but to no avail... gave me the ole fake out instead, but will be ready ...

Cable Update (GBPUSD)