Anatomy of a trade — There always has to be a reason, guessing is gambling. As I said before, there were many reasons for taking that trade, even with people here saying long was the way to go (I don't listen anyway, I read this stuff for ...

Cable Update (GBPUSD)

It was a little news bounce. I'm already done. It's Friday, the last one of the year, news is done for today. Price will probably drift the rest of the day. I'd say downward, but I'm not putting any money on it. The easy short entry was the spike up ...

Cable Update (GBPUSD)

Not much of a move after the news, resistance at the 38% retrace of today's run down. Trend is still down. But I'm done for the week, just watching now.

Cable Update (GBPUSD)

Out at 1.9930, 80 pips, a decent day Probably continue down after the news, but I'm done for now.

Cable Update (GBPUSD)

I understand your indicators exploded. The trend, and price, is down. The trend is your friend, or your worst enemy if you fight it.

Cable Update (GBPUSD)

I'm Short from 2.0010

Cable Update (GBPUSD)

Hmmm...that makes sense, since 2.0134 is above 2.0020 :

Cable Update (GBPUSD)

The new was good, and all we got was a little whipsaw. The trend is down. my 2 pips, for my first post.

Cable Update (GBPUSD)