I am watching the footy, but the post from last night, quoted below explains some of my thinking about the fundamentals: Perfect, thanks. Look at that yield curve, you can see where the spread has tightened already, if that continues we have seen ...

Cable Update (GBPUSD)

OK, let's see if Ghana can beat the States.

Cable Update (GBPUSD)

Posting charts will help you build that confidence and will get you used to the critisism, at times it is easier to get slagged of in here then to lose money out of your account.

Cable Update (GBPUSD)

It does, I usually start my day at 0600 for the prep work, watch the Franky open take a short term trade, watch the London open, take my first longer term trade for the day and wait for the consolidation. That takes a lot of messages back and forth ...

Cable Update (GBPUSD)

My general layout for a day's trading cable is a move on the LO, a consolidation then either a reversal or at times a continuation on the break followed by NY setting the day's hi/lo and TY bringing it back. That is the start of my London breakout ...

Cable Update (GBPUSD)

Keeps the inbox low too.....

Cable Update (GBPUSD)

I already run a group on the London break, something I do most summers and winters when it gets quiet a bit. I like posting some more general ideas here and keeping some of the noobs out of silly trades. A dedicated room takes lots of commitment, we ...

Cable Update (GBPUSD)

It is, thanks for the V BTW, just trying to be a voice of reason here and add something sensible and worthwhile reading to the debate. The more us retailers learn and stick together and help each other out, the better equipped we are to make some ...

Cable Update (GBPUSD)

Sounded like a great personal title to me, has gotten me a few chuckles here. The other option of "Royal appointer of the smelly finger honorary members" was just a bit too long....

Cable Update (GBPUSD)

To put it in a different perspective, the price is the net result of 100's even 1,000's of traders convictions and thoughts to what is reasonable. So if 400 traders think the price is going down and 600 traders think the price is going up and they ...

Cable Update (GBPUSD)

There is nothing clever about trading. If you spend any time in the City you notice that most traders are as thick as two planks and can't string two words together to form a sentence. And that's why traders have a short shelflife, once they try to ...

Cable Update (GBPUSD)

That's what I said in my post, the resistance now needs to be broken for the uptrend to continue so of course we are going to consolidate here first, H4 resistances don't give up that easily, that's why it is called a resistance. So a pullback would ...

Cable Update (GBPUSD)

Click on the paperclip on top of the thread that will show you all attachments posted here. Click on hide images and you can see all the files.

Cable Update (GBPUSD)

Just to talk you guys through a setup for the next few trading days, charts not needed. Right now we are a major resistance on the H4 formed on the 6th of May, we are also at major resistance of the daily formed by the rejection of the 10th of May ...

Cable Update (GBPUSD)

The one thing I notice with new retail traders is that they can spend days, weeks and months with all kinds of different indy's and systems trying to identify where the price turns around, where she tops out and where the reversals take place. All ...

Cable Update (GBPUSD)

This is not about learning a lesson, it is about how the basics of trading works, once a price moves it is easier for it to continue then for it to reverse. It is a lot easier to find traders, as they are generally very simple minded, to say you ...

Cable Update (GBPUSD)

Ok so you are a scalper and you see a lovely confirmed move up would it not be lots safer and easier to scalp in the direction of the move instead of trying to become a contrarian trader? What direction would have given you a greater chance of ...

Cable Update (GBPUSD)

Pay attention in the back please, you are quoting a post from 4 years ago. Do keep up.

Cable Update (GBPUSD)

No disrepect intended and sorry for singling you out, but what makes you think you can call the top of a move exactly? Why short at 5044? If you were so good at trading that you could pick that as the exact reversal you should get your CV to GS and ...

Cable Update (GBPUSD)

Little dislecxik today or hung over? Am sure that should read 5044? But it does show again how risky picking tops is, and that is how this whole malarkey started here. A few here called shorts in face of a massive moving train and some of us took ...

Cable Update (GBPUSD)