Well, it is the big figure, after all. More importantly, perhaps, it is a lower low for the day, which suggests, as you say, that it's just a bounce. Will be interesting to see how high. 16030 may just be possible...

Cable Update (GBPUSD)

I would definitely prefer her to go down...

Cable Update (GBPUSD)

Actually, retrace to 15910-20 seems quite possible, from where progress will be hard - a lot of s/r action there in the last fortnight. I'll have to decide at that point who's in the driving seat - a bull or a bear. Have a good w/e. edit: Also, 23.6 ...

Cable Update (GBPUSD)

I, too, believe in 'this'. But how much of a reversal 'this' represents, I have no clue. I am currently short from 16045, which will surely be good for 45 pips to the big figure, but could extend all the way to sub-1.58 by the end of the month. Many ...

Cable Update (GBPUSD)

I get that. Better yet, buy gold.

Cable Update (GBPUSD)

But sell which? GBP or USD?

Cable Update (GBPUSD)

Looking for a bounce off 924-ish, tight stop, close to be at first opportunity. ST trend suggests 16020, but I'll prolly chicken out at the figure... 15924 also the 50% retrace of last week's move down, may give a bit of additional support.

Cable Update (GBPUSD)

Wow - your 4H chart looks pretty different from mine (attchd - white background). Yours seems to use the same hours (12.00, 4.00, etc), but presumably not GMT? I don't particularly follow candlesticks, but I'm guessing we would get quite different ...

Cable Update (GBPUSD)

Good luck? I feel that's all I have to rely on recently. Just got stopped out by that bullshit Asian move. How often do we see that - market moves 50 pips on Asian trading (that normally moves about 5), only to be reversed in the first hour of ...

Cable Update (GBPUSD)

lol. Some of the 'contestants' certainly were.

Cable Update (GBPUSD)

I agree - the napoleon bit was a joke (we have a traditional joke in the UK that lunatics think they are Napoleon), but the price surges in one direction and then another, followed by almost no activity at all, are really baffling. I tend to watch ...

Cable Update (GBPUSD)

I think it's been linked here before, but the 'Million Dollar Traders' series, though laughable in many respects, gave a good clue as to how they *might* work (albeit they were dealing in equities), with Darwinian selection being the most important ...

Cable Update (GBPUSD)

Then again... Personally, I'm convinced the market (in particular this one) is driven by madmen, who think they're Napoleon, driving the market on to glorious victory (i.e. my inglorious defeat) in either direction (toss a coin), or just looking at ...

Cable Update (GBPUSD)

More bad news? 3 minutes to find out, maybe...

Cable Update (GBPUSD)

and maybe a sheep in wolf's clothing...

Cable Update (GBPUSD)

lol

Cable Update (GBPUSD)

Hm. Conversely, I think we need to see the overnight low of 5970 broken, and quite soon, before we can expect the fall many are hoping for (including me! - then you bulls can have your way ). edit: too early in the morning - several dumb typos ...

Cable Update (GBPUSD)

Load up. A good rejection @ the figure could give bears the momentum we need to achieve sub-1.59. On the other hand, though I can't believe the result of the US election is in doubt, any uncertainty may delay things further. Speaking of which, does ...

Cable Update (GBPUSD)

Still looking good.. — News at 15.00 should resolve this either way...

Cable Update (GBPUSD)

Yes, I see what you mean - they simply aim for the liquidity. So the trick is to place your stop at a point beyond which the momentum of triggered stops 'runs out', because they become too thin on the ground to actually move the price. Of course, ...

Cable Update (GBPUSD)