Cable Update (GBPUSD)

long before news 2 minutes @1.5290 and closed @ 1.55

and now its scalp time


http://www.galafilm.com/1812/e/catal...dy%20Scalp.jpg

cable is being a lazy-ass bitch.come on catchup already.

Ditto. On a M1 it really is easy. And then stay out. And then get in.... hehe! Hate it, no love it, no hate it. Ah Fuck its fun. Just don't stake too much on it. Lost £100 made £1800. It'll do... But now its serious again

Niice

grabbbing a few here and there.

Careful. This is scatty time now.

thats a good girl.here she comes.

yeah.Dont want to be left stranded on the top.

What now guys ?
Anyone up for short ?

no, no short for me, its ready to go up again

only if you can get out like lightning.only if scalping.

keep pushing baby!.

Hahahahaha....
I'll short @ 1.5550

Those grasping users at OANDA have just put the spread up to 8

They want a piece of the action

It has been noted

Wow. what a day...... of missed chances.

Touched my SL this morning by 2 pips,just before the big long, then had to go to work,

then my little lad crying his eyes out as I was looking for an entry after the news took longer than expected came back just after take off.

Guess that sums up my trading..

Any Ideas where to from here??

Im still long. weekly is still long

The short space after news is very predictable. One direction with a helluva lot of momentum in one direction. Hits the resistance levels and absorbs them pretty well and shoots past them. Corrects in the opposite direction for 23% (Fib but just doesn't know it) and then back in the original direction. It's often a very easy scalp but this is the unpredicatable time that I avoid.

Spikes in both directions and very unstable. Odds are that it corrects to the beginning level and then starts that journey north. If you are in a hurry to trade it thats fine as there is a high probability direction (North at last) but you need a large stoploss for corrective measures. I might bet on the short first or stay out now and then go long.

The euro retraced to the 23 cable to 38...

Come on already my TP is at 1.58

Ah Thanks Bro... Sorry