Because the market never goes in straight lines and people can make money buying and selling in both a bull and bear market. Why are you so concerned with everyone elses trading?

Cable Update (GBPUSD)

I won't be buying only selling based on COT data. Would love a test of weekly pivot for a great place for a short.

Cable Update (GBPUSD)

Hope you are right, just got out of my short and need a better place to short again!

Cable Update (GBPUSD)

I'm with the 1.28 before 1.35 crowd. Although I do hope it goes a bit higher Monday so I can get a better short in!

Cable Update (GBPUSD)

Weekly pivot is 13253. I would say that is the major resistance point until 1.30 then 1.28.

Cable Update (GBPUSD)

Very true however there is rarely much volume around this time.

Cable Update (GBPUSD)

Looks like we will be ending today with a bearish hammer on the daily. Strong rejection off the 1.35 zone, a major resistance and round number. Dealers are net short as of last week (Last time they were net short was 10th Mar before the big drop) ...

Cable Update (GBPUSD)

Yes a lot of people trade with daily/weekly/monthly pivots.

Cable Update (GBPUSD)

Agreed, selling these highs.

Cable Update (GBPUSD)

Gonna go against the grain here and say we will see ATLEAST 1.28 possibly lower by the end of September. Happy trading all.

Cable Update (GBPUSD)

It's called not having a lockdown.

Cable Update (GBPUSD)

Best way to go about it is making a script. Removes all emotion. Currently making one that fits my pivot strategy.

Cable Update (GBPUSD)

This push up showing strength, could see R2 (1.3180) today.

Cable Update (GBPUSD)

Ok fear overtook me cause im a newb, took 42 pips... When will I learn to hold trades? One day maybe

Cable Update (GBPUSD)

Took a sell at daily R1, SL now at BE. Targeting S1 or more!

Cable Update (GBPUSD)

Hmm does it now allow displaying of daily/weekly/monthly all at the same time?

Cable Update (GBPUSD)

Appreciated!

Cable Update (GBPUSD)

Gonna test a long at 1.3008

Cable Update (GBPUSD)

I smell a repeat of 13th July week incoming...

Cable Update (GBPUSD)

Very choppy PA, doesn't know which way its going...

Cable Update (GBPUSD)