That is where it went and bounced...

Cable Update (GBPUSD)

Thats right! Euro is setting the pace... If cable breaks 1.4900 we will see 1.4930 then possibly 1.4970..

Cable Update (GBPUSD)

I would have closed it at the m15 5ema

Cable Update (GBPUSD)

Did you close it?

Cable Update (GBPUSD)

More often than not these MA's act as solid support/resistance. In that case we both shorted at the ma but it was broken, thus we were stopped out. Normally when the ma is broken, it is retested. That is why I went long there. It takes time and ...

Cable Update (GBPUSD)

I see....

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Hey Bro, It's been a good day and a good week. I may be done trading now unless I see something really special. I trust you had a good day and week yourself..

Cable Update (GBPUSD)

Bro... were you in hibernation? You registered Sept 2006 and this is your first post... and your first post is to respond to a question that was asked 2 years ago... WTF????? =====>

Cable Update (GBPUSD)

Steelhead, Believe me, indicators plus candlesticks/price action makes me plenty money. If you understand how to use them and use good risk management, you won't regret it... ps.. A perfect example was the retest of the m15 50ema where I just ...

Cable Update (GBPUSD)

I just made back my lost pips plus some... went long from 4800 closed 4850....

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Good post!

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That right brother!! I got stopped out for -23.. more opportunities will come..

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stopped out..

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The next 10 minutes will be telling... I shorted the m15 50 ema with tight stop...

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Glad to hear bro... I made some good pips myself last night.... mostly to the longside. Yeah... it's freaky Friday too so strange things can happen..

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Seems I did it just in time...

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Hey bro, I just closed the trade for 25 pips.. I'll wait for a new entry..

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I agree.. You have to be flexible in these times. The most important thing to watch at all times though is price action. Every system must be fundamentally based on that IMHO..

Cable Update (GBPUSD)