SL moved to 12630.

Cable Update (GBPUSD)

I do believe that tends to work pretty well actually, yes.

Cable Update (GBPUSD)

Yup, I lost so much money trading against the trend. There's only a couple of high probability scenarios that I will do so now and even that lost me money last week.

Cable Update (GBPUSD)

Pro's dont care about your position though. That was my point. If the pro's make the volume then why not trade with them, instead of against them?

Cable Update (GBPUSD)

Or pros go with the trend, and retailers want to pick tops. Correlation does not imply causation.

Cable Update (GBPUSD)

Stop hunting doesn't exist. What makes you think this? Most retailers trade contrary to the trend, it isn't exclusive to this movement.

Cable Update (GBPUSD)

SL moved to break even. I may revise TP to R1 at 12650. Don't like the fact we havent touched daily pivot. Could see R1 -> Pivot happening.

Cable Update (GBPUSD)

price stalled in the Asian session, which in most cases sees a retrace to the move in London and NY sessions. Of course I could be wrong but I prefer to trade with the trend.

Cable Update (GBPUSD)

Still in bed mate, might do when I get up . But essentially, we are in uptrend, seems to be support at 1.26. Looks good for a long. I’d like to see us go to daily pivot before going long, but this works too. TP is just determined by a ...

Cable Update (GBPUSD)

Long 12610, SL 12600, TP 12690

Cable Update (GBPUSD)

It's a trade i'd like to take but prefer not to have trades open overnight.

Cable Update (GBPUSD)

Closed at 12591, snagged a cheeky 30 pips. Could go higher but happy with that.

Cable Update (GBPUSD)

Keeping open for news. This low volume day got me itching for some action. Stop is at BE.

Cable Update (GBPUSD)

Stop at break even, dont like previous 15m candle.

Cable Update (GBPUSD)

They do love to do that, I'll likely get out of my long before news.

Cable Update (GBPUSD)

Long 12560, SL 12550, TP 12600.

Cable Update (GBPUSD)

Missed the move this morning, will wait for pullback to go long.

Cable Update (GBPUSD)

So after breaking the 200MA we went to weekly pivot (and slightly below), did end up catching 50 pips from the move. Tomorrow I'm expecting a retrace to daily pivot (should be around 12530) then will decide based on price action at that level. Bias ...

Cable Update (GBPUSD)

Long 12570, SL 12555, TP 12625. Risky play, we shall see.

Cable Update (GBPUSD)

Price needs to stay above 12560 for longs to have a chance today. Will look for confirmation in 12560-12570 area. Below that, fall to weekly pivot of 12513 is likely.

Cable Update (GBPUSD)