Daily Cable Analysis

I seen profits in 2 of my 3 trades and my targets were missed by 1 and 2 pips, those are the ones that really can eat you alive, and when you see the market move fast like it just did, well, BULLS look like they want to come alive.

I have one major trade going LONG still, and these 3 shorts for now, I am patiently waiting for GU to pop to 1.7, then the real excitement will come.

For now, no sweat, will react as I see fit on these trades.

Shorts are in still, and I must sleep.

Good night.

I had my GU close out in profit during my sleep.

EU has yet to pull back, so I remain in 2 long positions at the moment.

I also have 1 long position open from last week, which I will leave for now.

GU basically remained in the ASIA range during the London session while the EU has went about 30 above ASIA high.

30 minutes or so till news time.

EU finding support at the moment around the ASIS high, lets see if it remains above ASIA range or pulls back here.

Bernanke:
Today's pain is tomorrow's gain
Federal Reserve Chairman Ben Bernanke says the lessons learned from the recession will help make the economy stronger, CNNMoney reports. "The silver lining in this whole thing is that people are starting to save more, since they saw what happened with 401(k) investments," Bernanke said. "People are adopting good habits."

I do not see him in line for a job or food. Get real MR BEN!

Come now, it's not that bad.

I will take over from here............

Back into ASIA range.

Will it remain???

You have too much time on your hands, lol

This is too funny.

Are you trading NY session today?

Thanks N2FX

I see you and Monarch are thinking GU to 1.7, that is only 500 pips away, what time frame to you expect to see this level? Weeks/Months??

Usually GU likes to go up in the late part of the year, so I would imagine it may be a month possible, right now GU is playing around giving everyone two thoughts of trade. Should I short here?? Is it really going to go higher???

This is the great thing about Forex, you have a 50% chance of being right.

Many on the threads are thinking short short, and there are those saying long.

Trade what best fits your system, and you'll have no one to blame if it goes wrong. lol

chat with you soon N2

Looking for that move prior to hour close, 4 minutes here.

9am EST usually has a good start.

Looking for 1.6490 test

Update: GU is finding support at the moment at 1.6500, having a hard time going lower.

New Home Sales report in a little while, I wonder if there will be a pre move on the news???

2 Shorts EU closed at good profits from holding during ASIA Session.

GU tested and went below 1.6490 area and paid out Short profits.

Trade setup: Looking for a Short EU around 1.4241/44 area.

My accidental Long on my other computer closed out with nice profits.

I had forgotten about this position from last week, and changed the target on Sunday to pay out profits, even after being down over 60 pips. Thanks FOREX>

Note: My short EU missed entry by 5 pips, figured we would see the 4210 area again.

watching the 1.6484 area once again

15 min chart

Okay, took a short at the trend line, will see if it pulls back here.

London is coming up on their close of session.

That was slow LOL

Profit +10 pips

Another win that will add up $$$ at the end of the month

I am trying to figure out which is more important, the chart pictures or the ones of Benny. lol

Good job on your trading, you have come a long way my friend.

Looks like we must wait a little longer for something to appear, for now the Flag is just bouncing up and down tightly