GBPUSD moving up and off the range bottom edge with an early grab at yesterday's low. Fireworks should appear from the mid range when the news hits. I expect a jump up BUT... well anything can happen at this point in the cycle. We could even get a ...

Cable Update (GBPUSD)

Keeping an eye on yesterday's low to see if it's an area they want to go stop hunting. Or maybe they will rotate to the bottom edge again. Either way, I think we can fully expect a break of this range tomorrow. I am expecting a break to the topside ...

Cable Update (GBPUSD)

To me, this is currently not a market I can work with. US session should be interesting though.

Cable Update (GBPUSD)

I missed the nice little long trade from the stop grab below Friday's low last US session, but it wasn't a trade I could confirm due to my ruleset. That move up didn't make a new high, so that seems to suggest another fall off into the bottom edge ...

Cable Update (GBPUSD)

Check out the swing high from 4 trading days ago. Then check out yesterday's high.

Cable Update (GBPUSD)

Sell trade closed +30

Cable Update (GBPUSD)

Shorting as well. Price has to pull back after yanking those stops. Technically there is currently no trending market so why not? It's still possible that price may just not give us anything to work with and keep jumping up. Will be suprised by a ...

Cable Update (GBPUSD)

Two sets of stops smashed in the changeover. Go long on pullback (if we get one!)

Cable Update (GBPUSD)

Well last Friday was lacklustre, but yes - the calendar has a pile of red news this week. Still ranging but at least the heavy moving averages are getting within range. Looks like we're at top of the range looking to rotate down again, but I think ...

Cable Update (GBPUSD)

Yes it's bearish, but we have to pop up top to confuse dumb money into thinking it's a continued uptrend. The market has to complete screwing both sides of this range before it can trend again.

Cable Update (GBPUSD)

Taken profit already from the move up. It's taken yesterday's high stop out already and is now stalling. Now moving close to US session, and if this thing is to really shoot up, you can bet there's going to be some spring loading going on towards ...

Cable Update (GBPUSD)

Given that most of the news is going to happen around the US session, I am expecting fireworks then. If price doesn't move up greatly in London, I may expect a stop hunt down then before a launching of up come the US session.. Also noting that once ...

Cable Update (GBPUSD)

Price is still ranging but now we’re on the upswing of price discovery and poised to whack short seller stops above. a rather large moving average gets closer above too, so a sudden jump to 1.24 isn’t out of the realm of possibility either

Cable Update (GBPUSD)

Yeah, so there was a bear trap down there. You could tell by the erratic short movements in the London open and the gapping. I'm still on the sidelines waiting for business to finish topside. Market showing some nice PA to suggest a short around ...

Cable Update (GBPUSD)

Looks like it went early without looking for stop hunting. I guess the topside is done and it's downhill all the way from here. Too late to jump in short at the low of the day. Have to wait for some kind of pullback in the US session. Question is, ...

Cable Update (GBPUSD)

The safe move is to pre-empt an attack for 1.231 -> 1.232 and short it from up there when it runs out of steam, having clipped stops. Not going to try attacking into paycheck territory (although a valid trade), because of the downside risk. Nobody ...

Cable Update (GBPUSD)

You just need to compare price action on 7th June to price action on 22nd of June to see what's going to happen next. In particular, look at the 3-4 days price action prior in the build up to those days.

Cable Update (GBPUSD)

If we don't drop here, I'm half expecting a retrace to 1.231 - 1.232 before a selloff.

Cable Update (GBPUSD)

Hmm, I might have to change my mind. The floor at 1.2172 is bugging me. I guess I will wait to see what happens. Although any upwards move is probably going to be capped around 1.2280

Cable Update (GBPUSD)

I can only see this going short

Cable Update (GBPUSD)