Because GBPUSD has a good chance of going below 1.6580, while I am almost certain that the high at 1.6820 will be revisited very soon. Plus, 1.6580 is not very far from here, not much of a target for what you would have to risk. I just try to stay ...

Cable Update (GBPUSD)

I wouldn't go short now. Wait until it goes below 1.6580 to BUY, or better yet, do what I'm doing and place an order to buy GBPNZD at 1.9800. Give it about 350 pips, and target 2.0430. It has a very good chance of heading straight to 2.1000, but ...

Cable Update (GBPUSD)

Here's the thing, I agree that the pairs are highly correlated, but you make it sound like it is impossible for EURUSD to go down, while GBPUSD goes up. That's why I proved to you that it wasn't.

Cable Update (GBPUSD)

Hahaha...well, it's been fun, but I must go now. Now, we'll see the GBPUSD make another low below 1.6580 soon, and I'm sure we'll hear a victory song from Davit and his miniMan buddy, but let's see where this pair is in another month from now, shall ...

Cable Update (GBPUSD)

Wow....not much else to say about those first two sentences. As for the third sentence, calling you on your bullshit is the exact opposite of "hanging from your balls".

Cable Update (GBPUSD)

Look, Davit, looks like you got another winner to join you on the short bus!

Cable Update (GBPUSD)

You just need to look at a monthly chart of EURGBP. The pair moves like any other pair. That is all.

Cable Update (GBPUSD)

How would you know if I am writing your name if I never quoted you? Now, you say you are not concerned with these moves. A guy who routinely takes profits under 50 pips is not concerned with a difference of 1000 pips?!?! That doesn't make any sense. ...

Cable Update (GBPUSD)

Lol...still reading my posts, huh? Kinda defeats the purpose of putting me on ignore, doesn't it? Well, as usual, your posted charts are inaccurate as far as timing. Allow me to post the facts, since you are blind to them. As you can see in chart ...

Cable Update (GBPUSD)

I still think one final move above .8286 is in the cards, before the big drop. This move down from the .8286 high just looks too easy.

EUR/GBP - What a great pair to trade!

Look to Jan. 10, 2013 for both EURUSD and GBPUSD for an example of what can happen (in response to Davit's post). This is why it is foolish to assume that just because one pair goes down, another pair will go down. If EURGBP drops hard, then you can ...

Cable Update (GBPUSD)

Its not that simple, miniMan. Expect another low below 1.6580, but this pair will be above 1.7100 soon.

Cable Update (GBPUSD)

Waiting for 1.9800 buy order to fill. Until then just holding this long on NZDUSD from last week, waiting for .8400 to unload it.

GBPNZD trading calls

A spike to .8290 area looks probable. Not a trade I'd take, but something to think about if your short. After a high above .8286, I think this pair is going down. Very likely, imo. You could probably pull 200 pips out of a short from .82900.

EUR/GBP - What a great pair to trade!

When we get these large 1-minute bars out of nowhere, it usually means shit is about to happen. Everything still looking right to me. Right now just enjoying the positive roll.

GBPNZD trading calls

...

Cable Update (GBPUSD)

Didn't get the gap higher, but market reversed from that area anyway. Everything still looking good. GBPUSD will probably make another low below 1.6570, because low at 1.6582 doesn't look right. I'm thinking we'll see the high in NZDUSD and low in ...

GBPNZD trading calls

I don't think so. This is a no-brainer, imo. Well, it wouldn't be the first time I've ever had to "eat my hat", but I'm getting a little too old and wise for that. Never can be 100%, though, so we'll just have to wait an see.

Cable Update (GBPUSD)

You guys can debate the fundamentals all you like, but the fact of the matter is that this move down from 1.6822 is testing the same spot repeatedly (to the upside). That does not bode well for shorts. Can it go lower from here? Sure. There are a ...

Cable Update (GBPUSD)