Just give me your money then!

Cable Update (GBPUSD)

Well the shorts under 1.50 didnt work for me. Took a small loss of -15, not a bad day at all. The market will, most of the time, retrace back to a major source of support/resistance, that currently being the previous swing high around 5070. I try to ...

Cable Update (GBPUSD)

Anyone who took a short in 4990's with a stop just above into the 1.5000 is trading properly. Institutions will cause large spikes in price into resistance levels to make us, the retail traders, believe the pair is still going up so that we start ...

Cable Update (GBPUSD)

Risky business right there.

Cable Update (GBPUSD)

Potential for a nice swing trade in USD/CAD .. long that is ... Sorry to deviate from G/U but thought I'd give everyone a heads up on some potential pips

Cable Update (GBPUSD)

Here are 3 charts with my view. The hourly and 4-hour have two separate MACD, the standard 12/26/9 and another with my preferred 21/34/9 (fibonacci numbers ). I use the MACD hitogram to depict divergence, not the MACD line. Slightly higher high in ...

Cable Update (GBPUSD)

mmhmm .. but we are at prior resistance and have MACD 1 hour and 4 hour bearish divergence. thus, i am waiting to short. risk is too high to buy up at these levels.

Cable Update (GBPUSD)

hahah.. you stare at charts too much.

Cable Update (GBPUSD)

Based on that COT report, I would agree that going short this week is in the cards with the large specs showing much more short interest that long, also with 44.3% open interest to short. Given the close and 2 most recent daily candles, we could be ...

Cable Update (GBPUSD)

hey .. i'll be around more next week. i'm in the process of moving to a new place .. my current lease is up soon!

Cable Update (GBPUSD)

Agreed.

EURUSD

Shorted 1.32 on retest of trendline and failure of an hourly close above 1.3200 .. M15 and hourly candle wicks show selling against R1 and 3200. My target for now is 50% at the daily pivot.

EURUSD

I'm in agreement. A break and re-test of that line will be my entry.

EURUSD

Anyone use the 5pm NY close (2100 gmt) to calculate pivots? R1 for me is 3221 as well

EURUSD

Ammal, it's more like this.

Cable Update (GBPUSD)

If it can break below 4400 and stay then I dont see why 41xx won't be tested. Take some profits on the way nonetheless.

Cable Update (GBPUSD)

haha yeah. dollar index is trying to break higher anyway so that may provide a push for us

Cable Update (GBPUSD)

Took a short this morning. In at 4590. I like current levels!

Cable Update (GBPUSD)

RR, At least we can be confident shorting. Key is where. Well, I took a fib from todays open to the current low, which matched a previous low on the 23rd and also drew a support zone that was broken today. What I would like to do is short between ...

Cable Update (GBPUSD)

I hope you closed down those longs!

Cable Update (GBPUSD)