Cable Update (GBPUSD)

I'm in for more shorts @ 419 & 420

Channel is broken at 417...could be a fakey.. may be they want double top at 3539.. finger crossed..

This need to "breathe" down first before going up.
Sold @ 1.3427, TP 1.3306, SL 1.3450

I think they lease them ,anyway fisherman didn't wake up and sell their right to fish
It was EU policy + partly uk policy that forced the situ
They forced a consolidation of fishing rights into a small number of people /boats.
Classic government mess up of an industry .

EU love big corporation + globalisation which spend much time lobbing in that distant know one knows what’s happening city of Brussels.


“SUPER TRAWLERS AND MILLIONAIRES
This allocation method led to many low-catching fishermen being forced out of the industry as quota levels fell and they found themselves unable to survive during lean periods. Larger companies could then use their holdings as leverage for loans to buy up this quota, and ownership of the right to fish was consolidated. A stark example of this is the fishery for herring and mackerel. At one time made up of thousands of boats around the coast, over 99 per cent of this valuable fishery – which accounts for almost half of total landings by UK registered vessels — is now caught by only 33 trawlers.3 The value of these boats, and more importantly their share of UK fishing rights, runs to hundreds of millions of pounds.
This increase in costs – the manifestation of the ‘resource rent’ promised by economic theorists – is turning fishing into a millionaires’ club4 and means that the traditionally widespread small business structure of the fishing industry, in which a boat owner/skipper employs a crew on a share (or ‘lay’) system, is gradually shifting to a model of large company ownership with significant involvement from financial institutions. Of the 33 mackerel and herring boats mentioned above, 14 are owned by just five large companies, a share that increases with every boat sale. Two of these companies (and their associated rights to fish) are owned by non-UK multinationals.5”

Second sell added at 1.3430...

sell zone today 1.3465

carefull.....

for greedy buyer seller zone 1.3635

That's the same for almost every industry..

First they came for the greengrocers & now everything else will follow.

Today my cable trading:
Short positions: 1,33850 and 1,34000

Target: 1,33500 or 1,33300 (We will see) (To reach within 2 days)

2 days or 2 hours?

Gu gonna drop soon.. Let see how low it can go.
Sell @ 1.343. Sl 1.3459. Tp own self aim.

Might be a good time to short now..

Within 2 days, it can reach in 2 hours also.

I have just made 0.20 usd...

Nice man, it doesnt matter how much do you earn. There is a point how much %%%% can you make.

oppose lazy

Suppose 1.332 should be sell area.. It spike . How low can it go

bearish deep crab on h1
tp 1.33-1.332
side note - i dont like this market atm

The girl is strong