Look. My point was to call breakout traders clowns is uncalled for. Some very successful traders trade breakouts. Interesting that you mention your short bias on the webcast then post a chart on Monday telling everyone to buy.

Cable Update (GBPUSD)

You said that the other day just before it dropped another few hundred pips. Sometimes breakouts work and sometimes picking tops and bottoms work.

Cable Update (GBPUSD)

I think the last swing high at 4050 on the 1h needs to be penetrated before a solid retracement is in play.

Cable Update (GBPUSD)

Great man. Will close mine if the forming pin bar on the 1h prints.

Cable Update (GBPUSD)

Houston. We have a problem.

Cable Update (GBPUSD)

No. We are still stair stepping down with no recent historical support to reference to. Waiting for some consolidation before getting my toes wet.

Cable Update (GBPUSD)

Yes. Trying to find a reason is a waste of time. We trade the charts and respond to what they tell us. That is our reality.

Cable Update (GBPUSD)

It's all about the trend, not picking up pennies in front of a bulldozer trying to guess when to go long.

Cable Update (GBPUSD)

Found support on the monthly at 4100 on 2/2002

Cable Update (GBPUSD)

LOL

Cable Update (GBPUSD)

Any opinions on where next support might be?

Cable Update (GBPUSD)

Didn't mean to sound arrogant. I would of went long if it went north of 4550 consolidation. I just find it easier to go for the bigger moves with the trend using basic S/R levels for entries.

Cable Update (GBPUSD)

Like I said earlier a breakdown of hourly support is a good R:R short. I don't understand why people insist on trading against the trend.

Cable Update (GBPUSD)

4470 support continues to be tested on the 1h. A clean break down is a good R:R short. The support goes back to 1/13

Cable Update (GBPUSD)

Let me preface by saying that I have no experience with the system and as such have no opinion of it. I understand that there are rules here to be followed or pay the consequences. What I don't understand is why he was banned but several other ...

Phillip's late night dinner table

$300 for me — I signed up two weeks ago. I turned the $25 in $300 so far. Mostly by riding the GBP/USD up last week and following it down this week. The MM is scary from the start because you must trade at least 1 microlot (.10 pip). The upper ...

CNBC FXCM free $25

I have read Joel's blog from the beginning. Several months I began testing it with a small real account. So far, so good. The system's core is an Opening Range Breakout (ORB) of Donchian Channels. Think Toby Crabel and Larry Williams. First Strike ...

First-Strike & One-Night-Stand users, show yourself and your mods, if you dare!!!

wow. that was a hard rejection of the 1.4598 daily PP

Cable Update (GBPUSD)

Still waiting for signs of a bottom to exit my short. Won't try and pick a bottom here till I see a reversal on the 1h. Ancient Chinese Proverb: He who goes to bed with itchy bottom wake up with stinky finger.

Cable Update (GBPUSD)

Right now Hong Kong, Sydney and NY Globex are open. When London and the Nymex open is when the real moves will start. They'll either jump on the train or bring out the hammer.

EURUSD