True but as always on stats here comes in play that the volatility and ADR was going down for 10 month... so it is raising a bit now, so 30day adr can exceed 100%... that's the problem with stats, that's the problem with trend trading to exit etc. ...

Cable Update (GBPUSD)

That's the problem, my friend, that's the problem but stats give advantage but you never can be 100% sure. That's what it makes so difficult to put in a lot of money. That annoys me

Cable Update (GBPUSD)

I think lots of us underestimate the complexity of the market. It is not only the psychological tricks pro and big players use to fake you in - they also mess moves up sometimes (not meant to be). I think I have seen such a failure today - that was ...

Cable Update (GBPUSD)

What are they doing?? I mean, thank you for the money but why? Why did they not push it through before and let it drop 30 pips? Of course I had to counter trend trade and got it home. image

Cable Update (GBPUSD)

Hmmm... SL hit. Really weird move now. Why the hell did they not push it through?? There was no resistance and fundamentals were on their site. They sold a lot into the upmove. May be they had to unwind more shorts before new high. But now it is ...

Cable Update (GBPUSD)

I don't think it is stop hunt. They just want to wait before new high... but yes the last minutes are weird... a clean breakout looks different. Hmmm.. Long small position with SL 5 pips (omg trend trade lol). I have other longs at the top waiting.

Cable Update (GBPUSD)

If I as a counter trend trader say: Be careful with shorts now. That has a weigh. Cpi bad all over, that's why the jump up. Consolidation finished on GBP/USD, news highs very likely. No counter trade for me now.

Cable Update (GBPUSD)

Last times since march it was: good figures, Dollar Up / bad figures Dollar Down So if CPI higher than expected Dollar up. It looks like CPI should be higher than expected, that would mean GBP/USD more down. Problem: GBP/USD already down from top 55 ...

Cable Update (GBPUSD)

Sorry to bother again but look that crap PA now. Look how they unwind their long positions. My god, summer trading is really messy. First pull up like hell and than unwind. How shall you trade that? May be long now at 1.2918 for trend traders, - I ...

Cable Update (GBPUSD)

Holy Moly... gained 1/2 day back but that move killed me psychologically again. Again such a run... wow. Now we go back to the earth. I just wanted to mention: 21 hours (!!) ago we were at 1.2750. Holy pressure. Closed my last shorts at 1.2912, 1 ...

Cable Update (GBPUSD)

Mainly countertrend in small time frames. Lots of traders avoid that or cannot trade it because the spread is too big (I had recently 0.9 pips spread, now it got worse to 1.5 pips (I cannot trade with ECN yet, I need very fine position management so ...

Cable Update (GBPUSD)

The beauty on my trading style is, sometimes I can predict market on next minutes or at least now the chances of few pips next minutes. I closed out on last drop/slippage to 1.28874. That's what I waited for. Now, game can start again. Longs have to ...

Cable Update (GBPUSD)

Their longs got trapped now. Highly likely going down to .12886-87 now (currently 1.2890)

Cable Update (GBPUSD)

That would be wild to go to 1.2950 today but it is at least possible. Small consolidation finished so your entry from that perspective was fine. Move up currently got stuck. Looks like they unload more. Not satisfied with their positions.

Cable Update (GBPUSD)

Yesterday and in the night we had an extraordinary rise up on GBP/USD, but mainly USD got smashed. Small consolidation finished since 25 minutes on GBP/USD. Let's see if they can keep up the pace now. I lost 2 trading days on that move up. Whipsaws ...

Cable Update (GBPUSD)

Oanda rose spreads since Friday: EUR/USD + 20% (currently: 1.6) GBP/USD + 20% (currently: 1.8) also other currencies affected. No explanation, no one knows anything. Oanda is really bad these days. Sorry to say that. ANY EXPLANATION??? Hello? ...

OANDA Discussion

My broker had yet no answer but something weird is going on. I don't think it's themself only. So my question is if someone of you experiencing the same since the last 48 hours on your broker. May be it has to do with the China-Taiwan Conflict. ...

Spreads since Thursday broadly widening, any news?

I show you a picture: Here are some exotics but also majors: image

Spreads since Thursday broadly widening, any news?

Hi mysterio, what I do in Situations like that is cutting my position by half. I realized that for my psychology it is better if market turns against me. If it still goes further I have additional earnings. From Moneymanagement Perspective it is not ...

Mysterio's Cable Corner -- Key Levels, Price Action & Order Flow