I closed my sell position with just 4 pips profit. I take lesson now. It may still be too soon for short! Wait until NY session starts.

Cable Update (GBPUSD)

you are correct. DXY is the dollar index. In most cases. DXY and GU go different direction. When dxy goes down, pound goes up. But today pound does not behave this way. There is always exception in forex market. Today dxy goes up, eurusd goes down. ...

Cable Update (GBPUSD)

Thank you for your advice. I am testing my trading strategy. I did neglect one bull signal today. When the price went from 1.3760 to 1.3790, it broke through strong resistance. This is a strong bull signal, but I neglected it! This is the mistake I ...

Cable Update (GBPUSD)

you are right. I shorted too soon. I shorted it again at 1.38303

Cable Update (GBPUSD)

don't worry. no offence to me. Just joking with you. Small lot loss, $30 loss. I always say I could be wrong.

Cable Update (GBPUSD)

sl hit, you won!

Cable Update (GBPUSD)

wait and see who will laugh finally! My sell position is still running! Actually I added sell at 1.3800!

Cable Update (GBPUSD)

sell at 1.3780, sl if above 1.3790

Cable Update (GBPUSD)

UK may be different. But you look at the numbers in France, Germany, brazil, Canada.... their numbers are surging again! USA number is also picking up. DXY responds to worldwide event, not just UK event. DXY reaction may be temporary, lasing only ...

Cable Update (GBPUSD)

closed sell position at 1.3767. I expect GU range between 1.3760 and 1.3790 for a while. In London session, GU could drop to 1.3710-20 before goes up.

Cable Update (GBPUSD)

Just several days ago, or one week ago, covid cases are dropping. This was one of reasons GU went up! If you looked at the numbers, you would believe it too! At that time, many people, or market, including me, believed that covid cases would ...

Cable Update (GBPUSD)

Market reaction does look illogical in many situations, but it does happen! Market reacts to similar situation differently in different situations. It comes down to one question: surprise. If one thing is a surprise to market, market will react. If ...

Cable Update (GBPUSD)

worsening covid cases and tension with china have impact on equity market. Capital tends to flee the equity market in this situation and seeks safe haven currencies, such as jpy and usd. USD is typically a safe haven currency. When there is trouble ...

Cable Update (GBPUSD)

Covid-19 is worsening in mainland euro. The same is true in US and Canada. There is sign of third wave!

Cable Update (GBPUSD)

GU will retest 1.3750. I have a doubt whether this line could hold? What finally deciding direction is the fundamental, not technical analysis! At the moment, people are worried about the third wave of covid-19 and growing tension with China. This ...

Cable Update (GBPUSD)

added sell at 1.37998 small lot, sl 1.3820

Cable Update (GBPUSD)

I feel that GU may break 1.3800 for a while, but won't go far and will come down below 1.3800. I have this feeling. I could be wrong! Let's wait and see.

Cable Update (GBPUSD)

I believe that GU will go down to retest 1.3750 at least one more time today. If 1.3750 holds and bounces back, GU could break 1.3800.But I don't think that 1.3750 can hold today! Next Monday may have the chance to test 1.3800. But not today. Of ...

Cable Update (GBPUSD)

re open sell position at 1.3769.

Cable Update (GBPUSD)

closed sell position, 11 pip profit, and wait for better entry point.

Cable Update (GBPUSD)