What I don't like as a retail trader: Huge spreads (e.g. GBP/USD: 1.5 pips vs. 0.7 pips for professionals (at least 1 lot trading)) Two days ago I had that situation: My Trading was: +$16 My Spread was: -$20 (1.8 Pips) So I had: -$4 When I would ...

Cable Update (GBPUSD)

Ok, I get ready for pullback, 80% sold from 1.2760 at 1.2765, 20% keep for correction up. First target: 1.2775 Second target: 1.2784 (I will not leave it if it will not be reached in next 4 hours, than I close my position more lower if needed)

Cable Update (GBPUSD)

long again 1.2760, they really force it today, hope their pockets are deep enough.

Cable Update (GBPUSD)

75 Pip drop. Made it with a good gain as counter trend trader but was tough. Be careful it is summertime. Drop took more than 3 hours. PA today completely crap. Often we get V-Formations after such a slow day down. Big Sellers not yet clean, they ...

Cable Update (GBPUSD)

I see problems in liquidity again. Last two swings (the one to the top and currently down) were too drivy, too little zig zag. I will never really understand why they drive the market like that but may be one day I will know. There is no retrace on ...

Cable Update (GBPUSD)

Does anybody have a real time spread on GBP/USD, core pricing model (comission based) from OANDA? Thank you in advance. Is the spread below 0.5? Anybody using that?

Cable Update (GBPUSD)

Today's Data: Funny Enough, Forecast is better than expected, lol image You know what that means... of course it will be worser, I'm quite sure after CPI and PPI and guess what happens to the dollar (again)?...

Cable Update (GBPUSD)

LOL. Don't get me wrong, may be it's the top but I thought about that since yesterday and market was making 5 new highs. Are you sure??? Ok, tomorow is friday, that could be a correction day, true.

Cable Update (GBPUSD)

The problem is the USD. It is like a huge sell off. I'm not sure what is going on but I don't really like it. It is too strong and too fast. We had that also years ago and now it is summer time but anyway, it feels wrong somehow. I really wonder if ...

Cable Update (GBPUSD)

Wow, They killed another high, that's impressive. I think it is the 7,8 or 9 high after retrace of more than 20 pips. Some of you sit on big profits I think. Just take my money, just take my money. Looks like another round of accumlation but ...

Cable Update (GBPUSD)

Unloaded some at 1.3093 and 1.30925. I have some left. 1.3101 could be top today. I hope at least . Else my profits are gone on new high. But ADR above 120 pips now I think. Could be enough for today. PA currently looks uncontrolled, I ...

Cable Update (GBPUSD)

Small SL's triggered at 97's area. That's at least a part what they wanted. Unwinded some short, move up is not 100% ok. Shorted 1.3099 currently top, let's see.

Cable Update (GBPUSD)

Hihi, I could see the accumulation at 1.3070's area . Saved me 8 Pips. They bought all the shorts up there. Let's see how far it goes now. May be Move after PPI news was fake and now the real move comes (so GBP/USD up). Let's see how far it ...

Cable Update (GBPUSD)

I never lose money. So I can only post the winners.

Cable Update (GBPUSD)

Isn't that funny? Yesterday CPI almost exact the same, estimates lower -0.1% GBP/USD SOAR UP Today PPI also -0.1% GBP/USD DOWN. So we learned: If Consumer Prices go down it is weak for Dollar If Producer Prices go down it is strong for Dollar It ...

Cable Update (GBPUSD)

How to make your broker happy: Go long after a green 1 minute candle and go short after a red 1 minute candle. Sorry for spamming around. I stop that now.

Cable Update (GBPUSD)

Wtf. All green. Well... if all is green it is a good time to short becaue one day all will be red? Just kidding. I wouldn't short it on long run now. Too many new highs we have seen last days.

Cable Update (GBPUSD)

If you look at the swings (up to 40 pips let's say) you can see that they are bigger than usual. That means less volume due to summer time or bigger volume than normal and the push thorugh is easier due to higher volume. Currently we had a pullback ...

Cable Update (GBPUSD)

Headland: "Re risking 40% on one trade against a strong trend, I think you probably know the answer to your question re whether that is smart thing to do over the longer term." -Well, at least it was the daily top for now . I did not risk 40% ...

Cable Update (GBPUSD)

I have to admit, that in a strong trend like that trend traders can make really bad moneymanagement and positionmanagement and still be profitable. I thought about it yesterday: What if I go long after that "stupid" 30 pip drop from the top? What If ...

Cable Update (GBPUSD)