I'm late for this short train, but lucky to escape the tricky reversal. Short @ 1.29528 / 1.2871 /1.28814 expect if pass 1.28500 down, more to 1.27500 actually 1.26 is still my target for GU to complete correction for 1.31 above.

Cable Update (GBPUSD)

LMAO

Cable Update (GBPUSD)

M15 looks like confirm to go down, but a W also almost might form to go up. so I'll wait for more time to make an entry. My short from 1.3086 still hold. expect if could be 1.26 , that would great!

Cable Update (GBPUSD)

My observation: I've seen couple of times the candles are displayed as a Taijitu (the ying-yang symbol) Taijitu is also an application for military strategy in the ancient time. to make enemy lose direction. I think maybe it can be a signal of ...

Cable Update (GBPUSD)

Finally a mark down tour begins, I'll try not to let go the SHORT from 1.3086 too early.

Cable Update (GBPUSD)

Hedge positions all out before NEWS. only tiny profit GU is not easy today. can only wait now.

Cable Update (GBPUSD)

Now I'm ready to enjoy the trap hedge fruit. Target 1.31500 or more It's really high risk in this key level.

Cable Update (GBPUSD)

M15 - W has formed. very likely go up. but not sure if it's a trap again.

Cable Update (GBPUSD)

Quit again! Now wait and observe. Need a break to avoid high risk.

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You mean it will go up next ? But it looks like a SHORT party is ready to go now. place SHORT again

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OUT OF LONG WITH $0

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What the hack I'm lucky to close all SHORT in small profit, can't believe it goes up now LONG! @ 1.30937

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Great! Thank you! Stacey Burke and Trader Tom look like twin. There's an old Chinese saying "Nine out of ten bald-headed people are rich.“ so I guess it's true

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I've discussed USD with someone working in bank. USD to TWD is still firmly strong. so it might be some short term transitions they're acting to mask the base.

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Yes, yes!! you're right. I got trapped by MM very often, but because my small account cannot bear lots of FL, so even I know it's a trap, I have to hedge it. Then make quick reaction to manage positions accordingly.

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I feel bear side in the weekly chart by head & shoulder model. possible few weeks to make another high, then drop deep correction.

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I think it will go higher to make a balance overbought. just not necessarily so much as 10000 pips to shoot up in a short time. Market still can use long time small ranging to make it balanced.

Cable Update (GBPUSD)

Sort of agree with this point of view. All the left side of chart can only show the tendency, every candle of right side is unique. The movement not all neccessary driven according to the left side fact.

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Damn, they're so mean I get better results when I know always be patient, don't be panic. Just make sure risk management is done well.

Cable Update (GBPUSD)

long @ 1.28985

Cable Update (GBPUSD)