This week i've tried something a little different, instead of trading the news i've been avoiding the news and trading inbetween it and so far so good, the less news releases the better. Bones... I don't mean to be taking your signature...its just a ...

Cable Update (GBPUSD)

A bit confused as to why people are going long. I had a crossover of my EMA's about 3 or 4 hours ago which has indicated we are in a downtrend and there isn't any major news releases due so it shouldn't have the whipsaw effect. Peace

Cable Update (GBPUSD)

On the 30M i've got a crossover of the 11 and 21 EMA's which is indicating a change in the trend.

Cable Update (GBPUSD)

I gave up on the longs yesterday before the news and lost out when i could have got out with profit after the news.

Cable Update (GBPUSD)

Triple Top on the 1 Hour Chart — Got a triple top formed on the 1 hour chart at 1.9488, that has to be sure sign of being Bearish.

Cable Update (GBPUSD)

I'm sorry to hear that Jim, i can't honestly see anything you've done wrong. You've been of great help to all of us and i think i can speak for most of the guys who post on here regularly. Shashi

Cable Update (GBPUSD)

You can find it here on this link, its post number 64027. url Shashi.

Cable Update (GBPUSD)

Still hanging on in there, but feeling the heat and tempted to get out.

Cable Update (GBPUSD)

It can't be any lower than what we've already seen, at least for the moment. I entered at 1.9464, but traded in small lots, and you?

Cable Update (GBPUSD)

Ok, that morning star was obviously short lived. It's been turned on its butt! The stinkin' news!! You're definitely right about that, i'm still going to hold on to my long. I said yesterday i hope i don't end up regretting it, i think i'm beginning ...

Cable Update (GBPUSD)

Thanks Doose, i forgot to mention that in my post.

Cable Update (GBPUSD)

It may not happen today, but we will be reversing before the end of this week, I'm pretty certain of that after looking at the forthcoming news, especially on friday and now seeing the Morning Star.

Cable Update (GBPUSD)

I'm in the same boat with you on that one, i'm still holding my long from yesterday. I think there is the possibility of a morning star reversal pattern forming here, on the 1 hour chat.

Cable Update (GBPUSD)

Well in bro, i'm still holding my long, just hoping i don't end up regretting it!

Cable Update (GBPUSD)

I think maybe some of us have disregarded this post made earlier today, not quite sure why, because i think its was quite important and didn't spot it until now when it was mentioned to me. I can't really see how there is a trend reversal for people ...

Cable Update (GBPUSD)

I hear you bro, i'm as confused as everyone else here. I've just closed my long position taking a small profit and going against the trend. Where do we go from here?

Cable Update (GBPUSD)

I'm also going in long at 1.9465

Cable Update (GBPUSD)

Any ideas as to how far we're going down?

Cable Update (GBPUSD)

End of the Bulls? — On my charts i've got Cable on the Upper Bollinger Band, indicating it may well be time to sell and the ADX has just passed 25 on the way down which is showing its the end of the trend for now.

Cable Update (GBPUSD)

Sounds quite good, will have to test it out first on demo. Which currency pairs does it work on and which doesn't it work on?

34 EMA Trading Strategy for newbie's :)