Still waiting for short entry here. Looks like it's going to dance with the news high from last week. I can't see it getting much further. Going to hang on and see if it want to go even higher.

Cable Update (GBPUSD)

If only fibs and pivots were the accurate lines to trade from we'd all be rich. But you might be right. The cable does love to set an extreme and then slap it by a few extra pips for fun about 30 minutes later.

Cable Update (GBPUSD)

Starting to look like we're topping out at 1.1940 Holding just a bit longer before jumping in

Cable Update (GBPUSD)

Contemplating shorts up here. Just need some confirmation...

Cable Update (GBPUSD)

Just another little jump up here and we can begin thinking about shorting. London open should be quite telling.

Cable Update (GBPUSD)

nice chart Bilal. I have my lines exactly where you have yours.

Cable Update (GBPUSD)

Coming back to look at this market at the end of the week to see that it's still BS and undecided right now. There's more drop in this thing, but I'm doubtful we'll get it today. If anything's going to happen in the remaining hours, I won't be at ...

Cable Update (GBPUSD)

I still don't see anything worth taking. We're still skating around an area I don't want to be involved in a trade.

Cable Update (GBPUSD)

Might get a shot at going short a bit further up in we make a new high today... Standing by.... Interesting that if this is a new range, then it's heavily compressed inside the previous one. That suggests that the market could be running out of ...

Cable Update (GBPUSD)

Price under 1.18 ka-ching price has bear trapped under it. market could play this a number of ways. standing aside for now. short term long, but long term short

Cable Update (GBPUSD)

We're going short to 1.18 Won't get any decent bounce until then - if at all This range is done IMHO, we must be moving on further down. I doubt they want to bounce the range again like the did yesterday.

Cable Update (GBPUSD)

Geez, they swiped the high a fourth time after I went to bed. Price heading back down now. Expecting turbulance around 1.18

Cable Update (GBPUSD)

It does when it does, and doesn't when it doesn't. The trick is knowing when it's valid and when it's not.

Cable Update (GBPUSD)

url I've taken my cash out of this short. Well above my usual TP range. Naughty crooks kept gunning for short stops in every session before pulling the plug out of the bath. Will we get a bounce under the market at a new low? Maybe, but given the ...

Cable Update (GBPUSD)

I thought we might be in an uptrend originally, but then I realized that we were ranging underneath the previous cycle. If we were ranging above, then we might be going up. Fundamentally everything is going to pot, so I suppose it makes sense.

Cable Update (GBPUSD)

Finally! After griding the top-edge we're finally rotating off.

Cable Update (GBPUSD)

Looks like it's bulltrapped up there. Meanwhile EU continues to drop.

Cable Update (GBPUSD)

What this tells me is that we're trending back up. Range top edge blown away and disrespected.

Cable Update (GBPUSD)

Yikes. Ever heard of tight stop losses? The money you lose from a tight stop loss can be easily gained back by trading again. But trades locked up in drawdown prevent you from using your equity to open any trades to get your money back. Not only ...

Cable Update (GBPUSD)

I'm half expecting the violent push down on GU to stall and go no further short than the low already set. This would then open up the topside. We will see.

Cable Update (GBPUSD)