I predict whipsaw. First a grab under 1.20503, followed by retrace back to above 1.21111 After that the bears will dive in and drive this thing down further

Cable Update (GBPUSD)

Bit of an icky long trade. I didn't take it today. Just the timing and location was off. Will look tomorrow and see if there's anything worth taking short.

Cable Update (GBPUSD)

If you're in a short, now's a good time to TP or move your stops at the very least.

Cable Update (GBPUSD)

short-term buy op here I think...

Cable Update (GBPUSD)

Seems like we're going to have an up day today. I say that because the market hasn't set up to drop today - despite the look of it right now. I expect it to toy with Friday's low. But I'll eat my words if it drops further than that without stalling.

Cable Update (GBPUSD)

You can totally expect that sort of shit from the broker. I've had trades that were about to head in the right direction get whacked by crazy spreads at market open. The trick is - of course - to never leave trades open into the weekend. Lesson ...

Cable Update (GBPUSD)

Well, you can't be wrong with statements like that! My take is that we're in a downtrend and about to kick off a new range. More than that I can't say because they haven't established a range yet, but Monday is usually a good day for it. I also ...

Cable Update (GBPUSD)

I really don’t see this rocketing back up. It’s going to have to range first, and even then there’d have to be significant pullback to change direction.

Cable Update (GBPUSD)

Will be interesting to see if this new low holds or not. ..and nope. The range couldn't clear 2277, so a drop was built into the range

Cable Update (GBPUSD)

Well my cheeky buy trade cleared out in +1 profit. Didn't honestly think it was going to get anywhere post news TBH, but it was looking close to target anyway. Going to stay out. It's Friday and we're probably dropping down into a range from which ...

Cable Update (GBPUSD)

Oh well, it's still going up

Cable Update (GBPUSD)

I don't think it really matters.

Cable Update (GBPUSD)

Hmm red news coming up. In theory the buy trade is still valid, but red news tends to make a mockery of valid trades...so...

Cable Update (GBPUSD)

Moved stops to BE+1 If it hits them and bounces again, I'll have another shot.

Cable Update (GBPUSD)

Given that there's a pile of space untouched by Friday's news that has been kept out of the range. It may be more prudent to TP at 2215. Looks like we may hit it in London. Wait n see.

Cable Update (GBPUSD)

I have a very tight stop on this one. We are in a range between cycles, and these ones are a bit special. Given that we shot up this week, there's a possibility of further pullback.

Cable Update (GBPUSD)

Already in long First target 2215, second target 2249 Only reason why this might fail is that we may drop a range before shooting up.

Cable Update (GBPUSD)

Ok so we have a range. Price tantalizingly hovers above yesterday's low. A dip under will bring out the bulls.

Cable Update (GBPUSD)

We are between cycles and a range hasn't even set up here yet. So fair enough... no point trying to trade this. I already cashed out my long. Ideally I would like it to swing up higher, but....

Cable Update (GBPUSD)

Brokers on MT4 can do dodgy stuff like jam orders from going through, expanding the spread, or repainting candles after the fact to prove they hit your stop. Or in the case of one broker I use, hiding the fact that price even went to a certain area. ...

Cable Update (GBPUSD)