15 min chart has back to back hammers with the first red(bear) the second blue(bull).

Cable Update (GBPUSD)

Nice position. It still might not hold up but you can just set the stop at BE. I think if it breaks below 0070 it's got some room to run below 0050 before it might pop back up a little again.

Cable Update (GBPUSD)

In an relatively equal battle, the one with momentum has an advantage. Bulls right now have the momentum so the shorts would need to be overwhelmingly convincing to take that away.

Cable Update (GBPUSD)

Where'd you get in?

Cable Update (GBPUSD)

I envision in this sort of case as if there are a relative smaller amount of shorts sitting entrenched from before hand. So it's like the advancing army of longs need to wave by wave overwhelm them until their ranks break and fall and the longs go ...

Cable Update (GBPUSD)

Right to the edge and a +15 pip bounce in a few seconds. Mean there is a bunch of shorts sitting right above 2.0100?

Cable Update (GBPUSD)

It would be so much more funnier if it wasn't so true... This inching price is going to put me to sleep. Since the last run up to test 30 mins ago the price hasn't retraced off the high by more than it's spread. It keeps pushing the high up one ...

Cable Update (GBPUSD)

Keeps inching up one pip at a time. This just might break....in four hours at this rate....

Cable Update (GBPUSD)

Technically the pair is telling me this test won't break. Fundamentally it says something different. The push this morning was the wrong push to get off my longs . Very little retracement to get back in with a better position. Kinda screwed myself a ...

Cable Update (GBPUSD)

Not much more than ten pips off the first test. Too close for me, I'd rather wait for the break to join then.

Cable Update (GBPUSD)

0091 gave quite a bounce. If it drops enough I'll jump in to join the next test, 0070ish is a spot I'd join the test of the resistance. It's a risky move but I've done it so many times that it's pretty normal for me. Just get my stop to BE as ...

Cable Update (GBPUSD)

The price is at about $1.99 right now, which coincidentally is the price of a Trojan.....

Cable Update (GBPUSD)

The age old question: Is there a God? — Reading this thread is reminiscent of the God-Atheist debate. The naked traders seem to have an attitude of : They don't believe in indicators, they think indicators are foolish, they think indicators ...

Finally Naked

It's looking still bullish so far. The 1hr chart looks quickly developing. The retracement off last week's move was to about 62% fib level. That last finished 4hr candle looks bullish, too.

Cable Update (GBPUSD)

Wowie...the TL that was the breakpoint on the drop down this morning just got busted on the upside. Price within 15pips of the high. Looks like this pair is setting up for a break of that high very soon into next weeks open. I wish I had longed back ...

Cable Update (GBPUSD)

Yea...glad I had closed my short because of the ending week, it would have snapped back and stopped me out near BE. Sheesh, it looks like it's going to be ready for new bullishness next week.

Cable Update (GBPUSD)

So it takes a 'special trader' to be able to tell whether that number at the end of the bar on your graph is a buy or sell percentage? I guess I'm not 'special' enough.....

GBP/USD Cost Analysis

What a week. Hope everyone had good trading. Don't spend all those pips in one place. New week still might bring 2.00 into view.

Cable Update (GBPUSD)

For hours upon hours, in weeks after weeks, filling month after month over the years of drawing trendlines I don't even need to draw them anymore....I still see them. My charts don't have any trendlines on them but they have more MAs. I still use ...

Cable Update (GBPUSD)

yup yup..... 15min chart....

Cable Update (GBPUSD)