Don't worry, Nabcake just try to get on my ignore list but I don't do that. I think that upset him.

Cable Update (GBPUSD)

Could work, but could be fake break of triangle. I took the opposite site this time to provoke the shorties.

Cable Update (GBPUSD)

Woohoo... USD/JPY just hit 150.03... and returned 1 second later to 149.94. Let's see if BOJ keep 150 now. Could give boost to GBP/USD downwards if 150 is not kept by BOJ. Anyway, I'm ready.

Cable Update (GBPUSD)

Well...I'm not done yet, either for today. So shorties, let's show what you have. Long 1.2120. Let's see if you can break the triangle.

Cable Update (GBPUSD)

I don't want to say that... but I have a "feeling" we have not seen the lows today. Whoever initiated that drop fro 1.2290's area is not yet done with shorting. Powell's speech is perfect to hit again low quotes on GBP/USD on low volume. ADR still ...

Cable Update (GBPUSD)

Holy...this market is so exhausting today. Nothing happens. Now move up like a hell of a shewing gum, no action. Just when I wrote that at least some action happened. No good setups, another long at 1.2115 was dangerous, could have broken. Even now ...

Cable Update (GBPUSD)

Also on dailyfx.com GBP/USD +2% (73%) long... lots of money to take from the table for big boys.

Cable Update (GBPUSD)

Now I sold everything with a small profit at 1.2131. May be it was enough upward move now to start a buy rally but i'm not sure. As Georginson said before, AWR (week) range has to expand much more and I don't expect it to the upside, also ADR today ...

Cable Update (GBPUSD)

USD/JPY on the limit again ~150. Could help GBP/USD to go up a bit. Probably selling pressure of USD will come soon from BOJ.... - or they decide to kick the level now and USD/JPY pops to 151 in a second. That would fit to the missing pips downwards ...

Cable Update (GBPUSD)

Wow, thank you. Did not see that. Would explain the harshness of selling. Again, same pattern like in the morning. I don't think it is missing volume. It's still selling volume. Reduced my long to 1 avg. long now, small loss for the day currently. ...

Cable Update (GBPUSD)

Thank you for reminding, I completely forgot about the triangle. That's probably the reason why GBP/USD stopped at 1.2115's area.

Cable Update (GBPUSD)

could have closed my all of my position now from 1.2117 at 1.2124 to get +/-0 for today - but I just sold 20% of it, I think we see soon a bigger correction of 20 pips from the low at least. I don't want to miss that. Cheers

Cable Update (GBPUSD)

Wow, that's awesome. Sold 30% of my 2x avg . Position at 1.2121 already again, reducing my loss to 70% of 1 day avg. earn. Nice. PA still creepy, same pattern like yesterday. Algos do their job on the spot. Must be someone with very deep pockets, at ...

Cable Update (GBPUSD)

I think what we see today (and probably yesterday already) is the clash of intra-day traders and swing traders with deeper pockets where swing traders try to grap the money from intra-day traders with seldom occurances like yesterday already and ...

Cable Update (GBPUSD)

Interesting, any more insights? I just can see PA is behaving a bit different now. I have no clue why it should stop at 1.2115 now.

Cable Update (GBPUSD)

Expectation that, Rates will not go up anymore, so money drain out of GBP. Numbers yesterday confirmed it a bit more but of course the selling is not justified like that strong.

Cable Update (GBPUSD)

Now we have the answer: Selling Volume, someone sold more and kept market tight. Im underwater now 10 pips... but that's fine.

Cable Update (GBPUSD)

We just had small sign of strength on GBP, finally. One more long now at 1.2136. -even if new low now at 1.2134

Cable Update (GBPUSD)

Market is stalling / not moving in current area/condition. That's a sign of still selling every small retrace or it is little volume. Unfortunately we cannot see volume . Does anyone has volume from his broker? Is it normal or less today till now?

Cable Update (GBPUSD)

Thanks for you input. I see your point. I wanted to keep half position (sold 1.2146 half already) but I sold everything. Too less small moves yesterday so likely more today, means no big retrace now probably (not even 20 pips from low 1.2138) now. ...

Cable Update (GBPUSD)