Took a cheeky short right at today's high. Cashed out now. Possible reversal through the London session (or not). We'll see. If it pulls back again I'm jumping in again.

Cable Update (GBPUSD)

Well actually the purpose of stop hunting is two-fold. 1) Hit the stops of the traders who have the direction right, 2) Tempting dumb money to chase after price in the wrong direction - leaving them stuck and unable to cash out in profit when the ...

Cable Update (GBPUSD)

I wouldn't be taking a long unless price goes above 1.2630 Price has ramped up towards it so many times and failed to break. Big moving average breach beyond there that it can't get past. I can only see downside.

Cable Update (GBPUSD)

I think the ceiling was put in at 1.263 I only forsee further downside. No good setup that I would want to trade at the moment though. This price level is a bit of a ranging mess.

Cable Update (GBPUSD)

So I missed yesterday's post-asian session entry, but I did catch the US session long entry, so I didn't leave empty handed at cashed out a bit. Looking to continue going long on a pullback.

Cable Update (GBPUSD)

failed to spot the entry to this long (price was really compressed), but it's there and off we go. Will hope for a pullback, but this one's going north for a while yet.

Cable Update (GBPUSD)

Nice shorting yesterday. Expecting buy opportunity to be showing up today. Keeping an eye on retest of yesterday's low.

Cable Update (GBPUSD)

Bear trap put in yesterday. Curious as to whether price is done with it there or whether it will get retested later. Been trading short into this on the pullbacks, but am done with that now and await news.

Cable Update (GBPUSD)

Looking to see if price is going to break past 1.2590 downwards, or if price is going to stall above and possibly set the trap.

Cable Update (GBPUSD)

Or it could just go into that bear trap right now... Keeping an eye on 1.255

Cable Update (GBPUSD)

More rising pennant. Still on the sidelines waiting for news to get the action happening. I'm projecting a break higher before a drop, bear trap, and reverse to continued topside... but I have no idea until I see it.

Cable Update (GBPUSD)

GBPUSD taking a break from further upside (I think) until the market sorts itself out. No trade until Wednesday I think, but it really depends where the market wants to consolidate, and that could be up, down, or right here.

Cable Update (GBPUSD)

There's three consolidation levels off the floor in there but the third was squashed down. The topside grab signals the end of the upwards move as price clearly doesn't want to go higher. Can only drop for now I think, and after that I expect some ...

Cable Update (GBPUSD)

I think it's done with new highs for a while. I'm expecting price to drop off a bit and then by Wednesday next week we'll probably get direction again - thanks to the red news.

Cable Update (GBPUSD)

Looks like the week ended on a bull trap. Expecting to short this on Monday. Can't see price clearing 1.2285, but if it does I'll be sitting on the sidelines.

Cable Update (GBPUSD)

It's still mostly consolidating. It looked like it was done today, but price action has proved me wrong. Maybe the US session will be different, but also maybe it's done making any moves for this week.

Cable Update (GBPUSD)

Still looking to short this. The price level has been made clear now, so all I need is the pullback before going short again. I think we're eventually going to play with 1.2 in the future at some point.

Cable Update (GBPUSD)

Overall GBPUSD is heading down. Looking for shorts only. No consolidation down here right now, so waiting....

Cable Update (GBPUSD)

This week probably crushed a lot of bulls, mostly buyers at just under 1.14 To make people think the trend changed, there was that move down just shy of 1.1300 - which I didn't expect, but was always possible. I did expect Friday to deliver the ...

EURUSD

Should get a buy opportunity within the next hour I think, off the back of this news.

EURUSD