Seems to be repeating a pattern with the type of retracements it goes through. Very interesting, will post more about it later at night.

Somewhere to document my thoughts...

Looking a lot weaker than i had expected. changing entry to lower region.

Somewhere to document my thoughts...

Along these lines, I have an interesting theory that all the banks are forecasting taper in march only so that they can buy USD before everyone else. Remember Bernanke said during the September meeting that people should LISTEN CAREFULLY to what the ...

Cable Update (GBPUSD)

Looking for shorts at 1.5996-1.6000 region.

Somewhere to document my thoughts...

Closed 0.5 lot.

Somewhere to document my thoughts...

Cable has a good likelihood of some sort of bottom here due to USD weakness. Looking for danger signs to get out of 0.5 lot.

Somewhere to document my thoughts...

Very good analysis.

Cable Update (GBPUSD)

I switched to using it at the bottom of my account balance curve after 90+% drawdown and I recovered from it. Did a couple of out of system impulsive trades if not could have been much better.

Cable Update (GBPUSD)

actually I can show that all technical patterns, indicators are derivatives of EW (which itself is a derivative of price and time). when I first learnt it 3 years ago, I sucked at it, was just slapping numbers and alphabets onto curves - abandoned ...

Cable Update (GBPUSD)

Use it for entries and to see big picture. If things go your way you are right, if not you're wrong and get out lol. trading is subjective. when you're right though, the rewards can be substantial; remember upside is unlimited, downside is limited ...

Cable Update (GBPUSD)

GBP is, if I am right, in impulsive 3rd wave down. USD on the other hand is likely starting corrective c-wave down. So GBP/USD is gonna fall, and when USD's correction is done and start impulsive up move, GBP might start correcting but again USD ...

Cable Update (GBPUSD)

yes it is.

Cable Update (GBPUSD)

They say you never grow poor taking profits. No, you don’t. But neither do you grow rich taking a four-point profit in a bull market.

Somewhere to document my thoughts...

More traders starting to catch on to the move. Waterfall expected soon...

Somewhere to document my thoughts...

I apologise if I offended you in anyway - perhaps assured was not a good choice of words. Cheers.

Cable Update (GBPUSD)

It's not being arrogant. I may be wrong, but I would rather people didn't agree with me. Because then if I am right, the rewards are larger. cheers,

Cable Update (GBPUSD)

alternativly, that was b-wave down and we chop back up to 1.60, but I favour more immediate downside from charts.

Somewhere to document my thoughts...

very big move coming soon imo. watch 1.59 to break.

Somewhere to document my thoughts...

Price chopping down slowly. Not going to go long because USD strength might explode up.

Somewhere to document my thoughts...

The official rhetoric is that they are committed to a balanced budget. But take a look at the underlying productivity numbers, and the declining rates of investment and the fact that the pound's weightage in the international trade basket (that has ...

Cable Update (GBPUSD)