shorted @ 1.2193 and 1.2200 now we wait...

Cable Update (GBPUSD)

market getting ready to chart the range. They'll either break up or down.

Cable Update (GBPUSD)

Price has bounced in asia. Expecting price to consolidate here, but sometime - maybe in London - looking for a break high to short. Will have to see if it plays out like I anticipate

Cable Update (GBPUSD)

Looks like we are indeed trending down now. Range created isn’t even being respected and we are moving down away from it

Cable Update (GBPUSD)

Range has been established. Short at above 1.2280 Long at under 1.2185 There may be an opportunity to go long here, but how far it will get today is debatable. Not trading until I get another nice set up and the market figures out which way it wants ...

Cable Update (GBPUSD)

A bit premature to be talking about going long yet, I think.

Cable Update (GBPUSD)

What's interesting about this range they're establishing is that they didn't attack yesterday's high before dropping. We could have more drop in store now, but I will wait to see which way they handle this trading range.

Cable Update (GBPUSD)

Just cashed out of this move.

Cable Update (GBPUSD)

Looks bearish today, but only for today

Cable Update (GBPUSD)

Time to create a new range. depending on what happens today, price will either drop and I buy, or it will rise and I sell… but no holding the trade over into the next day.

Cable Update (GBPUSD)

Looks like there's a bit of scalp here so far, but I'm expecting it to either go sideways or bang up again

Cable Update (GBPUSD)

The range here is done, so I'm not confident that this is a top to short from, although the price action suggests that it is.... but often price action can mislead in the wrong part of the market, so.... Not sure so staying out still.

Cable Update (GBPUSD)

I would have expected a bigger drop last week from up here, but it's not dropping. Keeps making additional ranges higher and higher... Price is going to roll off somewhere. Just got to wait and see which way it goes. Not trading this right now.

Cable Update (GBPUSD)

Oh no, we're ranging again, I fear we're losing a trend (apologies to Supertramp) We're kind of in a no-mans-land at the moment. Depending on which way we break the range will determine which way we go. That is to say, if we break up, we're going to ...

Cable Update (GBPUSD)

definitely end of cycle. going down until further notice. The real question is how far down we will go and when and where price will range again

Cable Update (GBPUSD)

Tricky crooks wanted to punch stops one last time before dropping. It’s just what they do.

Cable Update (GBPUSD)

Second Fib's in the wrong place Moty. You don't need one for up here.

Cable Update (GBPUSD)

Same. Market really busting itself to try are lure bulls in. Wish it would just give up already.

Cable Update (GBPUSD)

Hope everyone enjoyed the ride up. I know I did. time for the bears to take over for a while

Cable Update (GBPUSD)

it desperately wants to hit a new high, but will likely toy with us first.

Cable Update (GBPUSD)