Last try- short cable up at 1.3970 1.40 will be like a magnet now so i'll put my stop behind it... could be the greatest short of all time (?!?) 1.3960-80 is also resistance going back a few years Chart is overdue a clean up, I throw fibs and levels ...

EUR/USD 15m trendline breakout

Couldn't resist shorting 1.3967, stop to BE already, just a scalp, looking for 1.3920

Cable Update (GBPUSD)

expecting retrace before long again

EUR/USD 15m trendline breakout

I think we'll drift down for a couple of hours then i'll look out for price action confirmation to go long in the ellipsed areas However very good chance it wont go down that far so may miss the boat. Retracement levels of this move are worth ...

Cable Update (GBPUSD)

Can I ask how you're calculating your pivots, I have completely different levels. I have us at R2 currently Also seeing this as normal cable behaviour fairly predictable. Bull trend, correction/bull flag, breakout, trend resumption. I am surprised ...

Cable Update (GBPUSD)

I did something similar 10 years ago having no idea what I was doing, forgot about forex then just picked it up again 3 months ago. So far so good but you have to go through that painful lesson I think

Cable Update (GBPUSD)

This is great advice. Since I adopted this it was the key to consistent profitability. Otherwise the cycle is - Win - get overconfident - make a dumb mistake - go on tilt to get back to your morning position and make it worse - rinse repeat Just be ...

Cable Update (GBPUSD)

Cashed in gold 120 pips Shorted GBPUSD EDIT- stopped -12

EUR/USD 15m trendline breakout

Why did I not hold this WHY

Cable Update (GBPUSD)

If you have the balls you could short here then buy the dip. Remember the pump up on DXY yesterday was a gap fill move (I shorted 1.3913 will put my stop at BE asap, looking for the channel to be re-tested) We have weekly R1 just above EDIT- I ...

Cable Update (GBPUSD)

[quote=Ziemowit;13415069] Yes it was very tempting.. opening positions around 8am is pretty risky imo it can move pretty suddenly.. fully margined in Gold so just going to watch cable until I see something too good to pass up, that or I get taken ...

Cable Update (GBPUSD)

Too early to say but a breakout here would confirm a bullish flag for me.. any breakout for a channel this size on 5m/15m timeframe could be a false break so would wait for 1h/4h to break above and then maybe i'll buy when retested. Could easily ...

Cable Update (GBPUSD)

Dont normally trade commodities but i'm long gold, this seemed very oversold yesterday, long from 1774

EUR/USD 15m trendline breakout

Out of any positions for now, this channel held perfectly, have to assume it's a flag for now and probably expect it to break up but not entering anything for now. If one of the edges coincides with a S/R,fib, pivot etc I will prob scalp it Coming ...

Cable Update (GBPUSD)

Can you post a couple of charts with your trades. I guess you have a system which works best in a ranging market (ie cable in Jan, we were bouncing up and down between a few easily defined levels) rather than a market in full breakout mode. I ...

Cable Update (GBPUSD)

Nice thread What's your feeling on where we're at the current time. I'm long from 13832 and I'm just considering whether to cash in or let it run. It looks like from what you're saying we could continue up.

Lock's Cable Corner

I think 1.3885 is likely now. From there watch the PA

Cable Update (GBPUSD)

Sorry bears I don't think it's happening today Bulls if you want to get in wait for the next impulse then get in on the pullback around 13846/47

Cable Update (GBPUSD)

Thanks - I believe we may have printed the low of the day here, possibly the week If not then it goes down to 13825ish before popping Of course that kind of hubris means i'll get stopped out any second maybe shouldnt jinx it EDIT- decided to close ...

Cable Update (GBPUSD)

Long again 1.3832, 15 pip SL TP open

Cable Update (GBPUSD)