Don't know if I qualify as a pro, but 20 g's in one week ain't an amateur either.

Cable Update (GBPUSD)

Keep selling guys, keep selling. Tomorrow we'll get an even larger "fake" move higher. Gotta have some stops to push the market higher, so keep them sell orders flowing!

Cable Update (GBPUSD)

I expect to see 1.5500 shortly.

Cable Update (GBPUSD)

Thanks, man. Well, even a broken clock is right twice a day.

Cable Update (GBPUSD)

Hahaha....God do I know that feeling! Yeah, you gotta sleep or your health goes to shit and so does your focus. But this is part of the fun of forex, it is always moving. When you look at just about every other market outside of the forex majors, ...

Cable Update (GBPUSD)

I'll admit, forecasting daily bars this far into the future can seem rather silly, but it really is a great exercise to do. It is good for many reasons. Anyone reading this should try it. But here's an expanded forecast. Yes, I really think things ...

Zappa's Journal

Sorry, but that was not large volume by any stretch of the imagination. Just look at the 1-minute chart.

Cable Update (GBPUSD)

The way I see it, 1.5210 is fully tested/shaken out...the market should not go there. For past 24 hours we have seen powerful buying spurts that stick (aren't immediately hit back with strong sell orders). We are in an area that was "easy" to go ...

Cable Update (GBPUSD)

Notice how all the big candles on the 1-minute are bullish?

Cable Update (GBPUSD)

I look for both. If you see an area with no liquidity, you will know that when price heads back to that area there will be nothing to stop it. This is another reason why I think we'll be making new highs very soon. That high at 1.5440 hit nothing of ...

Cable Update (GBPUSD)

Well whatever is going on doesn't really matter to me in the end, what matters is that it is on the chart and it is really all someone needs to make money.

Cable Update (GBPUSD)

I don't think this is the same thing I'm talking about, because what I'm talking about happens in every single market. I just think it is "how" a market moves. There's buyers and sellers. If you want to buy a billion euros, but will push the market ...

Cable Update (GBPUSD)

We don't have to be a casualty. In fact, we can use this to our advantage. When you see stops being taken, then you'll know where the market really wants to go. Also, don't put your stop in areas that haven't been thoroughly tested and "stopped" ...

Cable Update (GBPUSD)

When I say "they" I don't mean some group of people that are manipulating the price to take stops. I don't know if that really happens. What I think takes place is that there are buyers and sellers that need liquidity. I think they just have to wait ...

Cable Update (GBPUSD)

Damn right they are taking bulls' stops. They aren't allowed to get on this train so easily! And look at this move down we've had over the last couple days, it has been way too easy on the bears.

Cable Update (GBPUSD)

The market is just taking out the weak stops below and in the process convincing many others to go short. If you went short at the top, congratulations, but you better take profits soon because this will be making new highs. Let's see where we are ...

Cable Update (GBPUSD)

A big sell-off from 1.5600 looking unlikely at this point. Maybe more like this, I think.

Zappa's Journal

If you say so...

Cable Update (GBPUSD)

Notice the hints of buying power. It will go up from here, I think.

Zappa's Journal

Never ending persistence fueled by a daily jolt of emotion. Not happy, not sad. Just intensified by the power of determination. I feel compelled to describe this, because it almost feels like rage. The blood is boiling, and there is a hint of anger, ...

Zappa's Journal