Cable Update (GBPUSD)

Cable doesn't want anyone to win these days, it will kill who will go long and will hunt who will go short, for sure many people today though that cable will climb up high and break the 2.xxxx and go to higher levels, but it stopped at 2.0005, luckily I had placed a short order @ 2.0005 and it was executed (today's high) and I also had a short position @ 1.9990 since Friday, I was waiting for 1.9936 to be seen and broken, since it was the key for today, but unfortunately it only felt down to 1.9956 and then bounced off this level and then now it's trying to go up again, now I'm waiting for the close of the next candle which may give me a clue on what to do next

Specially this period of time everyday is usually a deadly period except if there is any news, but I can see that from a short time, cable started to make some moves in this deadly period

Is cable trying to change her skin?
moving in deadly hours, small ranges everyday, and every week, unexpected moves during some significant data specially last NFP, I've my own way to trade this report and I had 12 consecutive wins, but this month cable acted in a a very strange way and made strange moves during this report

Cable for the second time doesn't know what she wants, but I guess she knows only one thing is to tease traders and never let them win under her dead body

correction.

i'm doing darn well spiffy AND peachy kin.

Call them what you want, that is just my personal opinion....

...to extend the analogy: 'she' is weak, tired and confused. she also has a boyfriend* who is no longer on speaking terms with her. the boyfriend hasn't quite 'split' but he's keeping his distance with regards to interest rate rises.



*BofE

i'd hold on to that if i were you.

Yes, I'll do the same, but I placed SL 2.0035, will change the SL after the US session is closed

I like it

more posts like this!

grrr.. on hind sight. i should've done some $mega trades$.

third attempt since Friday - unable to reach 2.0000

...so too are sterling traders!

If reaching 2.0005 is not reaching 2.0000 then OK, otherwise huh!

The break of 2.0005 is the key for going long for tommorow, and the key for going short is the break of 1.9949
I still have 2 short trades open
1.9990 and 2.0005 SL is changed to 2.0030
Good luck to you all

I don't know. So many times we've seen cable piercing round figures for sometime and eventually pushes though like there was no tomorrow...

That's what I'm waiting for about 2.0

Last night at 4:15 AM. it touch 2.0005
Possible tonight we will see the 2.0020

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tonite we will see 2 posible roads for the gbp/usd to take.

1st. we could see the 2.0005 be broken and possibly hit 2.0025 before retesting 2.0000 support. remember a lot of traders set their limits to the trend at 2.0000 so this might be a problem for the pair to deal with the rest of the week.

2nd. we could see the pair head lower tonite towards 1.9900 and test that support there possibly by the end of the week. if this happens trader will send the pair lower.

once again this view is based on chart history. I for once dont like trading the news i believe in my system...

so where do you think the pair will go next.???

Lol, okay i went short @ 19980...move might just have completed a retracement up and this could be a continuation of current down trend, keeping my stops tight at 100 pips.

100 pips, my God. I hate you see your not-so-tight stops!

PS: 2.0015 might be a nice place to stop and reverse if the trade goes bad. Just my 2 pips.

lol i trade the daily, so i need to give allowance for movements...hehe, infact i would have wished for a 150 pip stop just to allow those fluctuations incase i got kicked from a fake out.