Many a trading strategy involves switching directions especially intraday scalping. Take note of this.

Cable Update (GBPUSD)

Moty trades by not sticking to an initial plan till the end right?

Cable Update (GBPUSD)

What fundamentals can be stronger for a currency pair than all-out regional war? Every technical indicator on our charts - all are reduced to lagging indicators at best and so cannot serve for real-time direction pointers but may help a day or two ...

Cable Update (GBPUSD)

Bears still in charge of this pair. No charts can give proof: it's the fundamental principle of high risk aversion since a chunk of Europe is at war.

Cable Update (GBPUSD)

Bears still in charge. Because current Fundies (Putin War) too significant. Ignore at your account's peril.

Cable Update (GBPUSD)

During risk-aversion apart from traders flocking to the Dollar, the tendency is for price action settling around the weekly/monthly pivot point for least volatility effect.

Cable Update (GBPUSD)

Told you so. Putin's big war means the fundamentals is the rule for now. No big player wants to lose their base capital hence the risk-averse rush to the safe-haven dollar.

Cable Update (GBPUSD)

Drumbeats of imminent Putin war keeps bears in control - retracenent back south is in the cards.

Cable Update (GBPUSD)

They'd love you to by now go live.

Cable Update (GBPUSD)

Bear stamina proving the greater... right through till London close it appears. Then a drop once bulls become overexhausted.

Cable Update (GBPUSD)

Bears still in charge.

Cable Update (GBPUSD)

Liquidity grab... for the long journey south in GBPUSD pair.

Cable Update (GBPUSD)

I believe the strongest forces at play that explains the big drop: 1) We are in wave 5 in the monthly TF. Elliot Wave Prnciple laws were kept when you consider that wave 3 had an extension(see red box below) - to preserve the law that this wave has ...

EURUSD only

Got that. I could later tell it wasn't planned as a scalp when I afterwards noticed your fairly healthy stoploss... was it not 35 pips.

Cable Update (GBPUSD)

Are you kidding? With what liquidity this late in the day do you expect a predictable outcome? Especially after a daunting pullback.

Cable Update (GBPUSD)

It might be liquidity hunting by false breakout... Only to then proceed South massively.

EURUSD only

Until boom! Some level holds and then reversal! What will you say then? 1.3580 is holding pretty well.

Cable Update (GBPUSD)

A war zone between Fundies and Techies. On late Friday.

Cable Update (GBPUSD)

Someone keeps shifting the bait location.

Cable Update (GBPUSD)

Buy limit you meant to say?

Cable Update (GBPUSD)