Quoting bodgeDislikedIm with you MoneyMa$ter, cable has been going up for 8-9 months, so there's no reason to be looking for shorts.
Stalking a long trade now.Ignored
I agree with you 100%
The Forexmarkets are arguably the most "trendy" market there is, especially the Euro.
Once a trend is in place, it takes a lot of power to reverse it. Take a look at the weekly charts. This current "long" started back in early Dec 2005 at approx 1.1650. (nearly 1700 pips from where it is now) It had a relatively "minor" correction from approx 1.3000 to 1.2500 before continuing on to where it is today.
Even more strong evidence for the power of the trend is that the above "long" is part of an even stronger "long" from 0.8363 from July 2001.
Buy and hold (Euros, GBP etc)...
And use the Jacko hedging method if it goes against you in the short term. (It works brilliantly)