Bear trap must find it's bull trap. I believe that occurred first thing Monday. Having done that it was going to have to drop, but I figured it might snatch stops at the bear trap but it just kept going. We are between cycles. Until there's a clear ...

Cable Update (GBPUSD)

Possibility of bear trap here and a buy opportunity. Need confirmation because sometimes they start the bear trap behaviour and then just keep blasting down and though - like yesterday.

Cable Update (GBPUSD)

I have honestly never seen one that works reliably. Anyone telling you otherwise, take with a HUGE pinch of salt. Most of the better ones run with some kind of hedging/pyramiding scheme, and even then these are subject to account explosion. ...

Cable Update (GBPUSD)

Looks like a bear trap here. Pretty rare for price to drop down in all three sessions with zero pullback. I mean, it can happen, but it's pretty rare.

Cable Update (GBPUSD)

Price tapping lower to hit bull stops lined up?

Cable Update (GBPUSD)

Nothing interesting to trade here. If the top edge already happened, then we can expect a bounce under 1920 further up - potentially. Otherwise we can still expect a move back up from anywhere down here. A bit hard to see the future between cycles, ...

Cable Update (GBPUSD)

We're between market cycles at the moment. The upside will have some movement come Monday, but after that things should get interesting regarding future direction.

Cable Update (GBPUSD)

Or it may just not move at all. If the market has to move this pair up, it will just squelch itself with the USD positive news and wait for more excuses news next week

Cable Update (GBPUSD)

There's already one there. Having said that, the market moves to kill support/resistance traders, breakout traders, and market chasers. That's just how the game goes.

Cable Update (GBPUSD)

They can still play basketball with today's low if they feel like it. I wouldn't take a trade in the middle of the day's range for that very reason. But then I don't trade NFP.

Cable Update (GBPUSD)

ADR for the pair is already met. Expecting the formation of the top of the range to be put in with this move. I still wouldn't trade this crap. There were enough safe trades in the past couple of weeks to make some nice bank. Don't need this crap. ...

Cable Update (GBPUSD)

Here we go. Wild ride time

Cable Update (GBPUSD)

Bear trap here as a new range is being developed. Doesn't bode well for future pound moves though if they're starting to create support off the bottom.

Cable Update (GBPUSD)

Gun crime in Japan is highly unusual, but nutbags over there are sadly not (well, not anywhere in the world really). Abe wanted to repeal the article in constitution and allow self defense forces to act outside Japan's self defence. Perp was in the ...

Cable Update (GBPUSD)

Perfect time to buy the pound is of course when the place is in a complete flap.

Cable Update (GBPUSD)

I was thinking more of Scarface when he’s in the jacuzzi watching pelicans

Cable Update (GBPUSD)

Yeah, we are in a bear-free zone today. They were trapped yesterday.

EURUSD only

We *should* be done here with this massive 260+ pip range, but I would just hold off the buying until stable confirmation. If you shorted, then this is a safe place to GTFO in case price decides it's had enough dropping down here.

Cable Update (GBPUSD)

I still think we should expect the low from yesterday to get smashed before trading this.

Cable Update (GBPUSD)

Sold down the river by our own governments. Follow the money. We all just lurch from one scam to the next, with war being the biggest and deadliest scam of them all. It's no mistake that the UN permanent security council members are all major arms ...

Cable Update (GBPUSD)