Good move — Good Play....I should have taken that bounce long instead of catching the short on the breakout.

Cable Update (GBPUSD)

Current — You can see we penetrated trend line, 23.6 and 50 ema on 4hr chart. We bounced exactly on the 61.8 retrace on the 1 hr. Just have to wait and see. My first thoughts are it should go back up but I will react to whatever happens. I did ...

Cable Update (GBPUSD)

Current — You can see we penetrated trend line, 23.6 and 50 ema on 4hr chart. We bounced exactly on the 61.8 retrace on the 1 hr. Just have to wait and see. My first thoughts are it should go back up but I will react to whatever happens. I did ...

Cable Update (GBPUSD)

Never Fails — It never fails. I bailed on my target of 5160 and we get it plus on the very next candle. Always!

Cable Update (GBPUSD)

Obama Bounce — There might be a little more upward movement on this Obama news conference but I am beat. We need a bit of a drop now so we can do something else.

Cable Update (GBPUSD)

Closed longs — I just closed all long positions at 1.5135. The charts are not telling me the run is over but we have ranged about 300 pips so far today and we might be running out of steam, or maybe it is just me running out of steam. My ...

Cable Update (GBPUSD)

Still Long — Still have my long positions in play. We just opened a candle above the 23.6 on 4hr. I will be holding until we break back through the 23.6 or hit my target at 1.5160. I won't get greedy though because there will be another place ...

Cable Update (GBPUSD)

I am still long but from a 38.2 bounce earlier. I am not dumping it but not adding at this point either.

Cable Update (GBPUSD)

Possible Long — I would keep my eye on the 4hr chart before jumping on a long position. If you are not already in a long at this time I would wait till some crucial resistance is broken. The trend lines which are not all that strong have been ...

Cable Update (GBPUSD)

Still Long — Still long from 1.4870 and locked in 10 pips profit and going to bed. I set a TP at 1.4998 just in case it spikes before I get up. Nothing on my charts indicate anything but a long at this time. Good luck everyone. See ya in about ...

Cable Update (GBPUSD)

Long — Went long at 4870

Cable Update (GBPUSD)

Sunday — We have retraced to just past the 38.2 of the move up from the end of Friday and Sunday. I would be looking to get a candle or two above the 38.2 before going long again. On the other side, if we break below the 61.8 and open a candle ...

Cable Update (GBPUSD)

Yes — I am a full time trader and Fund Manager. PT

Cable Update (GBPUSD)

Maybe — I would say you will not see an Amero in my lifetime and I am 50. There are too many people in power who would die before they saw a Euro type currency. I can also tell you having just traveled to Egypt and Jordan that the dollar is ...

Cable Update (GBPUSD)

Maybe — We are setting on the 23.6 retrace of todays move right now. We may get as far as the 38.2 but I kinda doubt it. I would be watching for a possible run back up some if the Dow opens up but we have had a pretty good range on the day and ...

Cable Update (GBPUSD)

Yes I did close when we broke back through yesterdays high. I gave back a few on that second position but still ended with 200 so I am not completely sad. In hind sight though I should have taken the move short off the 4hr like you and Infinity. ...

Cable Update (GBPUSD)

Great Call — That was exactly the right call from that area. There was tremendous resistance at that level. Great call!

Cable Update (GBPUSD)

Nice — Fibs are the deal. I joined in this thread not too long ago and am very surprised to find several very good traders here, looking at the right things.

Cable Update (GBPUSD)

Wow — Wow micho, thought I hit the wrong tab there for a sec.

Cable Update (GBPUSD)

Yep — Probably another very good call. We have hit the 61.8 on the hour. A trend line and 23.6 on the 4hr so there should be some retrace. On the other hand I am vested in my long position for now.

Cable Update (GBPUSD)