Cable Update (GBPUSD)

i might be wrong...

9670 is a very nice price to short - if it shorts or to long if it soars...

Gosh.... What the heck do we do now?

Hi.
Please don't take the following as offense, but - this sort of mindset isn't going to get you very far if you're taking that sort of thing seriously.

The market in and of itself is a neutral entity. It gives clues from time to time as to where it is heading, what it is doing and whether or not you manage to interpret it correctly is up to you and the usual balance of chance.
Constantly talking about coattails of the giants, big boys and whatnot just distracts from the fact that each and every trader trades self-responsibly, be it for 1 cent or 1 million per pip.

You alone decide where and why to get in and out - the end.

Think about it and then realize what this means to you and your trading personally

Just my opinion on it, like I said, no offense intended. Only wrote it because I see it over and again and I feel it distracts oneself from the core issues of trading itself when you are prone to that thinking mechanism of "the others".

Btw, long from 1.9646 on retrace entry of that engulfing candle I mentioned in case anyone is interested. Don't think anything is going anywhere, news will simply thrash and kick around most likely. Today seems a good day for "see 30 or 50, take it, stops to break even as soon as possible"....last day of the week, thin liquidity, danger zone..

Best wishes,

SeekingLight

Current GBPUSD wavering is coming solely from EURGBP imho, but you can also blame a former TL....all these short term TL hits are good for a quick 15-20 if you're into that sort of thing

As long as the dollar folks are passive the EURGBP deal should continue to shape cable, and the usual direction for that is down -> cable up...
News will rattle the cage I'd assume.

Still no definite direction in my opinion. My question is about trading next week. In my experience it is generally not worth the time. What do you guys plan to do ?

PARTY

or

Work ?

PARTY a day then SLEEP!

Sleep ?? Not sure I remember how to do that.

looks like it's getting ready to shot up to me. I just went long at 1.9645

what in the hell is going on? No direction at all. Ups and downs. Shoul stay away from any trade I suppose.

you long at good rate ya..

Good idea to stay out unitil news threre is no direction - just my 2 pips worth

thank god all the shorts have given up, maybee i got a chance now

This kinda looks like yesterday....but whatever time will tell

hey guys! Anybody here into wolf waves? With my little knowledge of it there seems to be on set up here. Can anyone who is familiar with this method confirm this?

Cable short 1.9670 SL 1990 TP 1.9515. Any views?

Cable short 1.9670 SL 1.9690 TP 1.9515. Any views?

If this turns out like I'm starting to fear then it's going to be near 1.9800 instead of 1.9500 soon... (Last good eurusd buy zone for cable 1.9555, 1.3140 accordingly for eurusd... head and shoulders, 61.8% retrace, then takeoff)

Had to leave my long for 0 earlier on the retrace to the s/r zone at 1.9630....should have risked a few pips for my conviction, but oh well
Not a market to be in, ahead of 7 newsitems, two red...

Hello Trader World!!

Cable performed well, going higher than expected overnight. That's great as the stage is set, trading short today looking for 100-150 pips. Same game plan - cable short for dollar strength stemming from US news at 13:30 GMT.

Just information; not a recommendation.

Time will tell if Long there was right. But if it was, one could have grabbed it cheaper, it went as low as the mid 20s there, arrrghhhh!

pos deleted sorry