Now we're on the same page!

Cable Update (GBPUSD)

I reckon. A break of 1.5200 looks highly unlikely, but let's see what price does on its way down there.

Cable Update (GBPUSD)

Half expected a meaner topping pattern and we got it. This means that 1.5250 is very likely, imo. Plus, we got this TL below (chart) and we can take that out to trap anyone playing the break.

Cable Update (GBPUSD)

1.5340 will be the first place to watch for signs of reversal, but 1.5245 probably even more likely I'm starting to think.

Cable Update (GBPUSD)

It could but I doubt it. Topping pattern was not THAT strong, and there was a lot of confusion at 1.5200. Many traders were short from there (and still are), and I don't see the market letting them out of those bad trades.

Cable Update (GBPUSD)

Its good. I'll be glad to see some stops taken down there and get that area thoroughly tested so we don't need to come back there later.

Cable Update (GBPUSD)

Strong buys being met with strong sells.

Cable Update (GBPUSD)

Change of plans. Think we'll see 1.5340 soon.

Cable Update (GBPUSD)

Nice foresight, elbert. The guys saying this number is unrealistic are the probably the same ones that think every big move is unrealistic, yet big moves happen every year. They're in the same group that laughed at me when I called 110 in USDJPY all ...

Cable Update (GBPUSD)

One thing I've had to learn the hard way (many times, unfortunately) is that you don't want to trade against impulsive moves like we've been seeing. A lot of money is to be made this year by riding the bull.

Cable Update (GBPUSD)

Look on weekly chart. We broke the range, only to swiftly pull back to just above the prior low. It made a thorough test of that area and has made strong, impulsive moves since. There will be hiccups along the way, but this move is just getting ...

Cable Update (GBPUSD)

I'm seeing 1.5600 by end of day, although I wouldn't be too surprised to see it take a breather today either. Big move up today is much more likely than any move down, imo.

Cable Update (GBPUSD)

Pound shouldn't go to 1.5340. Placing stop there. Adjusting road map.

Zappa's Journal

Don't think that's necessary. The trade should come first, not this thread! But hey, if it works for you and you like doing it, rock on.

Cable Update (GBPUSD)

Haha..its all good, man. This whole thing started because one of the members insinuated that no one in here really knew what they were doing, and I took offense to that. Alright, off to the gym. I'll catch up with you all later.

Cable Update (GBPUSD)

Not really, man. I could trade a much larger position, but I'm not going for a 7 pip scalp and I don't want to use a 10 pip stop. That's not my style. I'll risk a small % on each trade. If a scalper is trading large lots then it is assumed he must ...

Cable Update (GBPUSD)

There are definitely A LOT bigger fish than me! No argument there, but that's BS what you said. At the end of the year, how much did you make, period. One million off of 10,000 pips is the exact same as one million off of 10 pips.

Cable Update (GBPUSD)

Haha, elbert, I wasn't talking specifically about you. But yeah, why is everyone so quiet about there profits/losses in actual $$? Everyone pretends like they're so scared someone's going to magically steal the money from their trading account if ...

Cable Update (GBPUSD)

Fuck it, too much talk and not enough walk on this forum. I mean, this is the whole point, right, to make a lot of money. This is ultimately how we keep score.

Cable Update (GBPUSD)

Thanks Spud. Good job on your trade, as well.

Cable Update (GBPUSD)