ah thus why when it broke and went below it a bit I went long. Most the time it will dip a bit below then reverse. Nice analysis. Dr.

Cable Update (GBPUSD)

i was going to bed till i read this post. " the current admin don't want to make it easy for the next team" You really think that the Bush admin is saying how can we cook these numbers so that it makes it harder on the Obama team? Come on man you ...

Cable Update (GBPUSD)

I want to hold the pound it needs love as well. Dont be so close minded and think that longs cannot work. Keep an open mind

Cable Update (GBPUSD)

This isnt a cable chart but maybe it will help. The top white line is previous s/r level right. the second white line is where the four hour closed. Good solid candle closing below the s/r level drawn with upper white line. Most folks when that ...

Cable Update (GBPUSD)

My new cable four hour chart with all the pretties. See I know how to play the indicator game too lol. I am having too much fun tonight

Cable Update (GBPUSD)

Actually the conclusion from not having fibos and pivots is I have been long since the lows at 1.4500. Just didnt need fibos and pivots to get that entry. But hey sherms trade just worked so for him fibos are good. for me they for the most part ...

Cable Update (GBPUSD)

White line where sherm took his long Pink line the lows (where i would consider longs) Orange line shorts maybe I hope it works out for you sherm. It very well could. In my humble small opinion uterlly insane to take a long position here. market has ...

Cable Update (GBPUSD)

I guess we need to repeat this again. Shorts should not be taken as market is going down. Longs should not be taken as market is going up. Shorts above 1.4800 should be considered if conditions are right. Longs should be taken at or below 145. any ...

Cable Update (GBPUSD)

Did someone mention naked charts lol. Naked what a great word. Did i show you my naked lol here it is again

Cable Update (GBPUSD)

How long do you have to wait for it to prove to you that momentum is shifting? If it takes to long it might be to late. Anyways if you can do it thats great I just dont think its a reliable indicator to base trades on. Just my opinion. Ps I hope all ...

Cable Update (GBPUSD)

I know how to draw fibo's lol I choose not too. Fibo's have there place but to easy for those levels to be breached. How many times does a trade go past the 61.8 or 78.6 by thirty to fourty pips then go in the direction you want it. Plus the fibs ...

Cable Update (GBPUSD)

Fibos have about as much importance to me as weather i have a tan in the middle of the winter. Support and resistance levels solid candle closes Im tellin you thats really all you need. Look at the difference in those two charts. I cant make heads ...

Cable Update (GBPUSD)

Top two lines possible shorts. Bottom line buys even if it dips below. As you said right now no mans land why bother until it breaks either way. then if it breaks up you sell as its going up, if it breaks down you buy as it is going down Until one ...

Cable Update (GBPUSD)

Longs are only scalps if you enter at the wrong time. This would be one of those times. No buying in the middle buy low sell high. Eohater I got your message earlier i fell asleep. My 30 minute nap turned into a four hour sleep.

Cable Update (GBPUSD)

I will most likely play it on the sidelines. made enough pips this week to not even bother with it.

How will you play the NonFarm Payrolls Figure tomorrow and why?

I find it so fascinating the different charts that folks use. Im sure moewenger has a reason for having all that clutter on his charts. I for one cant make heads or tails of that chart. I prefer nothing so I can see through it all to the big ...

Cable Update (GBPUSD)

Took a short on euro/aussie just above 1.9900 took 100+ profit set stop at entry and see what happens. Looks like I will get stopped out of remaining position will look for another short entry if i do

steelhead trade journal

Im glad you learned your lesson. it goes back to what we were talking about yesterday when i told everyone i dont want anyone else giving me vouches. The reason was it means nothing its a buddy thing that folks do to make them feel important. I ...

Cable Update (GBPUSD)

he doesnt have a thread and rarely posts on here that should tell you something.

Cable Update (GBPUSD)

Thats cause you are a smart smart man. Maybe its time for a little history behind steelhead. Maybe the wrong thread i apologize if it is. A few years back i started trading based of a 15 minute candle with macd and stochs. Everytime I would get an ...

Cable Update (GBPUSD)