Wouldn't be surprised by another attack under 1.19 before launching out of here. Otherwise we should be going back up.

Cable Update (GBPUSD)

Starting to look like we can pick the bottom. Urgh... don't pick bottoms. Disgusting.

Cable Update (GBPUSD)

I'm still looking for the long entry. Can't see it yet.

Cable Update (GBPUSD)

I think this one's fairly predictable. We should be bouncing up to around 1.217 or thereabouts. Maybe we'll get there today. We'll see. In any case we'll get there hopefully without any attempts to drag this out and go sideways with additional stop ...

Cable Update (GBPUSD)

Right on schedule. Now we just have to go long in a safe spot and not catch a falling knife.

Cable Update (GBPUSD)

Expecting a stop hunt under 1.2080 before a rise out of here. We'll see what happens.

Cable Update (GBPUSD)

Not going to be much relief though. Price has broken down to a new range. We're not going back up for a while. Anyone long should be stopped out by now. There was no reason for anyone to go long out of the fake support in London. (The crooks ...

Cable Update (GBPUSD)

I wouldn't go long here. I kinda think the stops topside have already been grabbed. There'll probably be a short breakdown sometime....

Cable Update (GBPUSD)

Counter-trend buy op here. Assuming the topside has some more stops to grab, otherwise it's going to fail ...and crunch down to new lows. Trade safe.

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GU going down from here in this new range. go Short on any pullback

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Market got greedy and went to snatch the low yesterday... but I knew it was going back up again.

Cable Update (GBPUSD)

Already +30 pips up here. And since price broke down of the range, we're likely to go sliding back up - instead of breaking up and sliding down. Sounds the same - but it's different.

Cable Update (GBPUSD)

There was a clear and definitive bear trap during the US session as red news hit. So far in asia today, price is reluctant to break through it. We are out of the range that held for well over seven days and now hovering below it. I expected it to ...

Cable Update (GBPUSD)

Fair bit of compression going on down here as price keeps tapping the low to take out long holder stops.

Cable Update (GBPUSD)

Stopped out my long at BE+1 I think I will stay on the sidelines now

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GU testing the bottom edge again and snatching early day longs. Got a long on with a very tight stop, in case they feel like breaking down instead.

Cable Update (GBPUSD)

Sometimes the excuse is that the expected news result was "priced in". But in all cases, the moves occur because of existing orders needing to be picked up and/or stopped out on the order book. Once the move is done, we can then figure out what the ...

Cable Update (GBPUSD)

You still need to be aware of news though. It's best to trade after news has released and price has settled again. That way you aren't stunned by spikes, stophunts, and chasing a rapidly moving price. Aim of the game is to make money securely. Not ...

Cable Update (GBPUSD)

Geez, why did you buy at the top edge of the range?

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Already taken +30 on this move back up.

Cable Update (GBPUSD)