Thanks Jack.It seems the market has some long-term memory of these gap fields.The question then becomes if they're reliable enough to develop a strategy around them... Possible scenarios would be: 1) when the gap is still fresh 2) market reactions ...

Cable Update (GBPUSD)

Hey Jack,do you think that the market still perceives this area as a valid gap? If so maybe this morning's selloff had something to do with it? IMO generally gap trading is pretty tricky but interesting...do you focus often on this type of ...

Cable Update (GBPUSD)

Hourly View.

Cable Update (GBPUSD)

Many thanks Tony The reason I'm not quite so bullish on this candle is that volume has eaten up all the recent open interest - thus buying already's dried up at this candle. Also there's waning volume since may 7th 1'159'955 volume climax. Do you ...

Daily candle chart

It's not hard it's how trading is. But people like this guy think they can say they're short @ 1.5527 and then long @ 1.5730 and all of a sudden they make profit and they're geniuses there's no point in that. All I am saying is don't be a cheap shot ...

Cable Update (GBPUSD)

Long triggered @ 1.5792

Cable Update (GBPUSD)

OK. I SAY THIS ONLY ONCE; SO YOU BETTER LISTEN CAREFULLY! Don't be a cheap shot here this is not some kind of kindergarden, argue on the merits, otherwise SHUT THE F+*'$-.; UP AND FIND A STREET CORNER WHERE YOU BELONG TO CARRY OUT YOUR CHEAP ...

Cable Update (GBPUSD)

S&R TRIGGERED!

Cable Update (GBPUSD)

Short position survives assault on stoploss by 1 pip Short still in play

Cable Update (GBPUSD)

S&R = stop & reverse

Cable Update (GBPUSD)

My point is don't throw calls out there without backing it up with stop loss and saying where your position is right now. Saying you're short from 1.5527 and then buying at 1.5730 is 203 pips loss....PERIOD....don't act like you just opened a fresh ...

Cable Update (GBPUSD)

so what do you do with your short position from 1.5527 from tuesday when you're long now ?

Cable Update (GBPUSD)

Yes...I'm short w/ S&R above 1.5792

Cable Update (GBPUSD)

Yes...You run a position with a loss of 300 pips since tuesday....then say you buy above 1.5730..... What's there not to understand? Dude?

Cable Update (GBPUSD)

where's your SL?

Cable Update (GBPUSD)

still short down there?

Cable Update (GBPUSD)

S&R 1.5792

Cable Update (GBPUSD)

Shorts in play.

Cable Update (GBPUSD)

Hourly H.A.

Cable Update (GBPUSD)

Geithner speaks in 1.5 hours-- market's focusing on that...remember yesterday?

Cable Update (GBPUSD)