Cable Update (GBPUSD)

I'm out hehe

quick 1600

sellers seems to take over the control.
i am short for now, on 6877, hope another 30pips

bought at 6782, tight sl. will add if goes down to 6770. below that close and think about short

For the past 4months there is NO certain trend,fundalmetal dosent reflect in price action,you see uptrend in one hour and another hour you see downtrend.indicators are not working agin due to excessive volatility.....they keep there own currency(jpy)in a fixed range and keep buying other currencyand making it difficult for exporters in other cuntry to compete with china product.NO trend ,NO fundalmetals,NO technical...so what are we trading then? they buy when they want to and sell when they want to....other country is in serious deficit while china is in surplus.price of commodity are going high and high creating asset bubble...every body know dollar need to appreciate but do nothing about it.....china is controling everything with there money...the ealiar the better for other cuntry policy maker to realise the problem they are accommodating.....uk economy is in serious reccession and you see cable at 1.68 region even when BOE GOVT said they want a weaker pund to allow recovery....currency raise even when the economy is in a very bad shape...china dictate currency that will raise and fall........they have turn forex to govt business.....and not market business...in my own view there is a need for reflection trade to come back to forex so that we can all enjoy trading....

w0w, nice cable chart...

What have you guys been doing all night?

TUG O WAR!

Looks like a good day to sit out n wait for direction....

Have a good one!

I wish Cable would make up its mind. Getting tired of playing in this range lol

bulls eye, now we can go anywhere

still in play

Here is another day of beautiful trading opportunities. Lets make some money.

If you are truly tired you are in the wrong game. All markets range 70% of the time. ranges is where you can make the most money in a day.

Yeah baby so far so good
Don't blame me i told you will
SHOW me the Money

For me I made my weekly target
buy e/g 1.8835 tp 1.8922
Sell g/u 1.6820 tp .6770
Time to watch

good place to buy

am going short on cable now 1.6805...... 1st t/p 1.6666 2nd t/p 1.6450 i hace a very strong bearish candle on my 1hr t/f i have problem in uploading my charts.....
what u see is what you get.......

Not sure about that.

1hr stochs have a lower high for the last 3 days and the lows are on a flat line.

if your stoploss is 30 pips then OK. But why not wait and make a better trade?

It may ultimately go down, but for right now you can grab 20 - 30 pips of the bounce.

Right now I am in profit for many lots for 20 pips.

is this just a shallow flag with base 1.6760 or the start of distribution for move down into 1.6000 area (1.6450 1st)

so far dx holding 75 , es cannot break down , so this may take time to play out

traded a bit of the range today. I was holding a swing trade short but am getting very nervous that this is not breaking down so closed today for a missive 20pip lol

Hey Nav,
areYou somewhere here ?

Peter