Market now took the first barrier. 2nd Barrier is 1.2210's. Breakpower is quite low. Could be better, could be still a trap from big shorties to trap enough short term professional volume. Let's see if they can keep it above 1.2196 now. Still no ...

Cable Update (GBPUSD)

If the price would have breached one more retrace (consolidation) would have come in. To push a market through it is important not to have too many retraces. We already had some rejections today, so 1.2194-1.2196 was key to not let it down. It also ...

Cable Update (GBPUSD)

1,2196 hold. They really try it now. Go London. Go. Let's see if big guys (seller triangle, long term, more power) let the break happen.

Cable Update (GBPUSD)

Long professionals know now, they cannot afford more retraces now. They will invest too much then / looks like a trap from the big sellers if one more retrace. 1.2196 is the line in the sand now I would say. I hope longs can hold that level now, ...

Cable Update (GBPUSD)

Market is tightening now. Typical for that areas. Big boys dont let market move now. So they try sth. When you look at 5 sec. chart you an see the fight which is going on. One fraction is buying aggressively, the other one is selling. Selling ...

Cable Update (GBPUSD)

Market: too many rejection at 1.2210's levels, again now attempt to break it. 1.2190 hold before but no break, so break below and now new attempt to take 1.2210 but I see chances quite low now. Market wants to go higher but somehow it does not work. ...

Cable Update (GBPUSD)

LOL

Cable Update (GBPUSD)

Yes, I heard that, too, at least the last you said. There is no lev. allowed anymore. You really need the money then. Not sure which advantage that has for the client. Market: Seems that London does not want to take market higher ...

Cable Update (GBPUSD)

1.2190 hold... ready for new highs. But Client Sentiment is more short bias so let's see if London really takes it higher now. Currently again rejction on triangle I mentioned before. No short or long for me now. image

Cable Update (GBPUSD)

I agree with 2nd option also. Let's see if London is strong/ willed enough to make the first push up.

Cable Update (GBPUSD)

Let's see if they can manage to break the triangle now. image

Cable Update (GBPUSD)

Closed all already at 1.2103. (+3 and +8 pips on 3/5 or orginal positon, so 4 pips made today on full position). Nice start today Trend is definetely up today till now. Let's se if they can hold 1.2190 and make new high afterwards. Should be ...

Cable Update (GBPUSD)

I short again 2/5 of original postion at 1.2210 now. ADR already 60 pips. Nice start today. Could be 1.2250 today.

Cable Update (GBPUSD)

I only short now for scalp 1/5 of original position in at 1.2206 for few pips.

Cable Update (GBPUSD)

Short was too early to take. I'm still waiting. News were good for GBP. Dangerous time before london to position yourself against main trend.

Cable Update (GBPUSD)

It is an interesting question where I also thought about before. I know some traders on NYSE who are making $30000-60000 Dollars per day trading solely the open if it goes good for them. The problem they have is just the order size. When they use ...

Forex - A negative sum game for losers

Hi, I have to admit it sounds a bit weird. I just traded and traded and I never really checked how much I gained overall. For me the focus was to win, get more out when I close than I put in before. It wasn't luck because I checked it before I ...

Forex - A negative sum game for losers

Nice rejection. At least good for scalp.

Cable Update (GBPUSD)

He is new to that approach of trend trading and I can understand the problem he has: He is more a counter trend / scalp trader like me and it is really difficult to let a position go then /close like that. Trend trading (so waiting for an ...

Cable Update (GBPUSD)

Stop annoying me or I put you on my ignore list. You want to be first DrDave? Always? Well, you can. You can be the first on my ignore list. Cheers. I even don't know why I talk to you. And of course news have impact on the quotes, depends on the ...

Cable Update (GBPUSD)