Market again very slow today. ADR complete underwater. GBP/USD is doing all it can to widen the ADR (currently to the downside). Problem is market is already heavilly oversold in short term. You need lots of money now to push it more down, just ...

Cable Update (GBPUSD)

Small long 1.2146 I got in. Wanted 1.2144 but did not get it. It is to early probably for long but I couldn't resist anymore. It's not roulette (50/50) but it is also not much better. But I have to start the day anyway. Currently 1.2144 lol.

Cable Update (GBPUSD)

Hi Moty, I can tell you what happened. I also struggled today. The moves are out of sync. The consolidation patterns since 3 days are much smaller than usual. That is the reason why it is f*cked up. Also the amount of consolidations is smaller. From ...

Cable Update (GBPUSD)

I cannot resist, adding to my 1.2168 at 1.2172. Selling still not finished today? London closed now. Could come another drop. That would be really crazy. But that is the problem you never know. That's why I'm only long again one avg. size,- same as ...

Cable Update (GBPUSD)

Finally 1.2175 level burst upside, whoever shorted is in minus now,- at least with that positions, next aim 1.2182-1.2185. Could be median level for next hours. If so I close later around that level my 1.2168 buy. Crazy day.

Cable Update (GBPUSD)

Again +/-0 for today, could trade my out of the minus. Now long again 1.2174 and 1.2168. Sellers don't stop. ADR overshot now, let's see if more push down comes in. Weird PA is not yet vanished. 6 Minutes ago same stuff like last 3 hours before and ...

Cable Update (GBPUSD)

Anybody also cunfused about PA today? The retraces and moves are very uncommon. I was quite big in a loss (5-6 day avg. earn), now -1 avg. day left and position cleaned. Huge moves are complete out of balance to small moves. Not since today. Since 3 ...

Cable Update (GBPUSD)

Haha, happy the spike up reached your TP.

Cable Update (GBPUSD)

For trend trader, good entry I would say. Probability quite high now after making new high. well done.

Cable Update (GBPUSD)

What I can see is the same PA / actors like this morning. No bias long except the up-move. No additional big buyers in the market. Lag of news doing the rest. Usual Monday somehow. ADR is extremely low today. Due to upside move it is likely they ...

Cable Update (GBPUSD)

Unfortunately GBP/USD could not hold up the pace in the morning an retraced again, even 1.2173/74 could not hold. So we are back in sideaction for the morning. Market is again very low in driving power. ADR is low over last days also. Some guys here ...

Cable Update (GBPUSD)

Thanks for the nice reply. May be we talk about the same aspect but a different meaning. What I found out is that markets in short term, for example intraday, have some non-randomness. It is not easy to exploit because the spread is so high. When ...

Forex - A negative sum game for losers

Sometimes it is position adjustment 30 minutes before London close. They also like to take out lows so ADR expands a bit. Today that happened. Has nothing to do with Fundamentals. I was going long 3 times my initial position, avg. 7 pips Profit with ...

Cable Update (GBPUSD)

sold all 1.2081 for 7 pips, 10 pips today on full position, nice. - Do you know why I sold? Because of triangle which is now resistance and if there will be a move today, it will be down (probably ). Was it luck? May be! Market is going down ...

Cable Update (GBPUSD)

No Problem my friend. Now I go long for scalp, at 1.2174. You know why? Because break of triangle was quite weak. I will not take full position because it can go down a bit more but market is weak today so more retrace. Is that enough explanation ...

Cable Update (GBPUSD)

All you wrote, also before, most stuff I know. I know orders from retailers don't get to the real market etc. etc. but that is not the point. I explained to you why market is not random but you dont (won't) understand that part. I don't know why. ...

Forex - A negative sum game for losers

Well... I just describe the probable fight which is going on in the exact moment. You can benefit from that, cause moves get more likely and oher moves get less likely. When you see my real trading posts you see that I was quite good last 2 days. ...

Cable Update (GBPUSD)

They sold now their positions from the morning, probably with a minus. Now we are in the middle again of ADR. Current rejection comes from triangle formation. Big shorties from top (1.2210's) buy some positions back from the morning fight with the ...

Cable Update (GBPUSD)

I specialized myself one short term (fights) between big money or retail traps etc. The problem what you describe is obvious: Most times on short term trading it is roulette to position yourself so you have to keep the fingers from trigger. But ...

Cable Update (GBPUSD)

Unfortunately 1.2196 area did not hold, small action long when It was breached 3 minutes ago, than break. ´So it was a trap above 1.2205. Now short term professionals are in minus. I don't think they will push it up one more time to 1.2210's area, ...

Cable Update (GBPUSD)