I don't know if this has been mentioned already. If so it needs repeating: do not try to recover lost monies. It may be sematics but once you have learn to trade properly and profitably, you will be earning new profits, not getting back previous ...

The Biggest Challenge: What will YOU do?

Here's a pic:

Cable Update (GBPUSD)

Some might think I am being particular about it but these are not support and resistance levels. These are pivot point levels which might turn out to be s/r levels coincidentally. Support and resistance levels are where price previously traded and ...

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Cable Update (GBPUSD)

As I said earlier today - draw a trendline from July 24th to August 6th and we are sitting right under at the close. I expect a retrace down to at least 2.0000 Time will tell.

Cable Update (GBPUSD)

Important story no.1 - Credit Crunch won't hit Brasil Growth: RIO DE JANEIRO, Aug 24 (Reuters) - The global credit crunch is likely to slow the U.S. economy but should not harm Brazil's growth, Brazilian central bank President Henrique Meirelles ...

Cable Update (GBPUSD)

I think Clocktrader's time ran out. He is offline. Other side of the world thing.

Cable Update (GBPUSD)

So much for the home builders getting a pop off the housing report earlier. 8 out 9 of the builders I watch are down. Some only fractionally. Some by 1.5% - 1.75%.

Cable Update (GBPUSD)

Only because they are so intertwined these days.

Cable Update (GBPUSD)

I'd ask for a 2nd opinion. Too funny.

Cable Update (GBPUSD)

Put that mouse down and have a pint, will ya.

Cable Update (GBPUSD)

As to the Dow - I think the uncertainty is with the longs, so I don't think they want to hold over the weekend. Can always jump back in on monday, but with overhead resistance no reason to do it today.

Cable Update (GBPUSD)

A little selling now in the Dow.

Cable Update (GBPUSD)

So far every pullback in the Dow is greeted with more buying.

Cable Update (GBPUSD)

I lived there many moons ago.

Cable Update (GBPUSD)

It is actually across the street from a building (29 Broadway) I once worked on lower Broadway. About 2 blocks from Wall Street.

Cable Update (GBPUSD)

Dow high yesterday is 13298. Hasn't broke that, yet! Looks like it might but there is still more resistance to tackle.

Cable Update (GBPUSD)

Dow moved up quick but it is pulling back now. Only a retrace ? Hmmm.

Cable Update (GBPUSD)

It ain't over till its over.

Cable Update (GBPUSD)