4 hour chart 5 sma retrace going on now.

Cable Update (GBPUSD)

At some point they will dump it and collect the tight stops of bulls who bought this move.

Cable Update (GBPUSD)

Big boys are stop hunting now, shaking out the late short sellers with tight stop losses. The charts told us before the fact if you know what to look for.

Cable Update (GBPUSD)

re-test of 1.5679/1.5700 looks likely.

Cable Update (GBPUSD)

i see a little morning star formation on the hourly. Price is pulling back to a re-test of the yellow 5 sma.

Cable Update (GBPUSD)

Decent looking set up on the hourly gbp/usd now.

Cable Update (GBPUSD)

I am in and out quick on all my trades today. Too risky and choppy to hold.

Cable Update (GBPUSD)

we call it market capitulation

Cable Update (GBPUSD)

booked nice pips on long eur/aud, eur/nzd and short aud/usd. Standing aside now looking at a gbp/usd set up

Cable Update (GBPUSD)

Risk Aversion strategy is working on nice set ups. I keep a large margin free to look for bargains at range support.

Cable Update (GBPUSD)

We know.

Cable Update (GBPUSD)

Obama speaking usually tanks the markets....

Cable Update (GBPUSD)

well said

Cable Update (GBPUSD)

i booked profits on short eur/usd and aud/usd. standing aside until next set up. not risking today.

Cable Update (GBPUSD)

pulled the trigger on short eur/usd and aud/usd. gbp/usd hit my tp

Cable Update (GBPUSD)

+1 pip stop loss targeting 1.5650

Cable Update (GBPUSD)

pulled the trigger on another set up. Trading very cautiously and keeping risk to a minimum so far.

Cable Update (GBPUSD)

It is logical to assume that today. Tomorrow is another story.

Cable Update (GBPUSD)

cad is getting hammered and aud is down. Risk is off for now.

Cable Update (GBPUSD)

booked quick profits until the next set up

Cable Update (GBPUSD)