The circled highs are all pirate puffer fish feeding points. People who are short from higher will have placed stops there. You think the pirate puffer fish swarm will stop at 1.2332? Maybe. But that would leave more than half of the food still on ...

Cable Update (GBPUSD)

Updated daily pirate chart. I am still long GBP from last Friday. Yarrr!!

Cable Update (GBPUSD)

Not crooks. Remember from earlier in May? Pirates! Yarr!!

Cable Update (GBPUSD)

Here's a GBP/USD chart from 1953 Not that these matter much here, as 99% of people seek to scalp 8 pips over a minute, but w/e

Cable Update (GBPUSD)

Personally, I don't think that at this level of rates any rates moves matter much. IMO what matters most is the amount of GBP monetisation compared to USD monetisation of the huge deficits, and the amount of future USD demand compared to the amount ...

Cable Update (GBPUSD)

I do not expect anything above or below anything important today. London and NY are closed and Asia now done too. That's 99% of forex liquidity and market makers gone fishing. I'm going fishing too! Maybe I'll catch me a companion for Luke!

Cable Update (GBPUSD)

Ahh yes! RSI and Oscillators. Amazing how well they seem to pick tops and bottoms when the market is ranging or in a channel. Seems all one has to do is buy when they drop to oversold and sell when they reach overbought and BOOOM! They're a trader. ...

Cable Update (GBPUSD)

Who tho?

Cable Update (GBPUSD)

Yarrr again!

Cable Update (GBPUSD)

Update on my EUR/GBP shorts. Not much action here yet, either way

Trading with Luke

Could also wait for the market to come to ya, if you're short term bullish and suspect a bear trap Something like this

Cable Update (GBPUSD)

Hello! Earlier today, I closed 2 GBP longs that I had taken yesterday, one at 1.2190 and one smaller a bit higher. The price rose for a bit but then stalled, so I raised stop loss to between the two positions. During the night and over to London ...

Trading with Luke

Yep, those "double tops" at 1.2650 remain a delicious stop-loss hunting target.

Cable Update (GBPUSD)

Not on Cable, no. He's been as silent as a fish Checking other pairs now

Cable Update (GBPUSD)

Will probably not be opening any new positions today, Friday

Cable Update (GBPUSD)

Good morning! I was stopped out of this long earlier this morning. Lost 16 pips overall

Cable Update (GBPUSD)

same thing as my post url on 19th of May

Cable Update (GBPUSD)

My puffer fish has gone berserk!

Cable Update (GBPUSD)

They need sedatives!

Cable Update (GBPUSD)