Cable Update (GBPUSD)

1.4465 support needs to break next

It's great you can admit when your wrong

break of 1.4465 support will open up h4 / day 100 sma at 1.4402 in a quick rush on adp news

Lol... good one, my stop was placed fine, hence why it missed, I closed it out before it hit it.. + I'm 500 pips up, so -20 on GU IDGAF

its bragging about so many correct trades and constantly being wrong that's laughable and should be mocked

thanks for giving me a driving license, i was feeling bad

This is from Adam one of the guys at the brokers I use, hope it's helpful to someone even tho it's aud/usd it must apply to all pairs


A stop loss order is an instruction to exit at the next available price once price trades at the stop loss level.
If the market is very liquid, chances are likely a trader on the sidelines will be prepared to “take the other side” of the stop loss trade, completing the stop loss exit at or close to the initial stop loss level.

However during releases of market sensitive news, professional traders tend to stand aside significantly reducing the pool of traders prepared to do business with traders urgently trying to exit. The outcome is movement in price that often resembles that of a ball darting about during a game of pinball.

In the case of the CPI data release last week, traders caught on the wrong side of the market (i.e. long) flooded the market with sell orders. With the number of buyers on the sidelines prepared to do business reduced, it took a large movement in price for enough buy orders to absorb all of the immediate selling, see chart below.


https://bay169.afx.ms/att/GetInline....e6d&oneredir=1

https://bay169.afx.ms/att/GetInline....e6d&oneredir=1

bugger I don't think the charts coming up,

which driving license is issued only by the church and

the speed you get entirely depends on the car you have chosen

tough job clearing that barrier

yipppppeeeeeeeeeeeeeeeeeeeeeeeeeeee

closed both shorts 1.4470 ; took 1 long tp 1.4504

That's just the best thing, coppers over here would probably shoot you lol

Saw this the other day...guy asleep on moped in Thailand...

I think it could go to 4520, just about where the 4hr 5sma is sitting atm

depends on US news I guess

glad i keep an eye on m30 while trading h4

US = Under Skirt ?

LMFAO......could be

If you're scalping. Otherwise, the daily outlook is bearish.

KP