Cable Update (GBPUSD)

Quoting Moty

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seems like the market is lost since i left him {image}

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Quoting Indiara

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{quote} Yes, it's in a 40 pip range today so there is nothing that I can trade. It's ok though...I can wait

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Quoting billytt

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{quote} Is that not a clue. only 42 range so far. so you should get at least another 50/60 if you get the trigger. I am out of it now until monday. Trade well.

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Quoting jmss59

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It is important to remember that today is a semi-holiday in the USA, it closes at 1 o'clock and it is noticeable that the big traders are not investing today.

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Quoting Indiara

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{quote} Yes it is. It's just a matter of timing it right. Now is not the time to enter, but it IS time for coffee

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Quoting billytt

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{quote} t 08-40 uk Cable, our 04-00 to 08-00 4 hour candle was an outside candle.... The low of this candle has been broken at 12091, and price then moved up. Should price break the high of the outside candle at 12127, we will then have a good probability of price continuing to go long. This isnt a guarantee, but we can then play with theDaily Range. trade well i'll pop a chart in soon. t 08-44

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Quoting billytt

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{quote} t 08-40 uk Cable, our 04-00 to 08-00 4 hour candle was an outside candle.... The low of this candle has been broken at 12091, and price then moved up. Should price break the high of the outside candle at 12127, we will then have a good probability of price continuing to go long. This isnt a guarantee, but we can then play with theDaily Range. trade well i'll pop a chart in soon. t 08-44

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Quoting Robinhood1

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{quote} Dragon is going to 173/74 area fast

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Quoting Whale

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{quote} Who are the big boys? Do they trade manually by sitting infront of the PC?

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Quoting navk

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{quote} Yes, I expect minimum 2050. NY being holiday, I doubt if 2150 will again be tested.

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Quoting Indiara

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{quote} I understand, but it's still time to wait and see what happens, and if anything worth risking my money on comes along for me to pounce on. If not, I just stay in the long grass and wait

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Quoting jmss59

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{quote} By large investors I mean financial institutions that invest billions and are the market movers. I accept your irony, generally except those who trade with eas are in front of the computer giving orders to the market and in large institutions there are trading rooms where hundreds of traders are giving orders to the market. These same institutions in turn have offices in buildings near wall street from where they operate with algorithms that launch thousands of orders in seconds. But I suppose I already knew all this.

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