They are buying the lows, but it's basically countertrend trading - lower probability and lower gains. I do it sometimes but on a smaller size, especially when my go-to set-ups are hard to come by.

Cable Update (GBPUSD)

Hi! I hope this might help you. The 5 Fundamental Truths of Trading: 1. Anything can happen. 2. You don’t need to know what is going to happen next to make money. 3. There is a random distribution between wins and losses for any given set of ...

Cable Update (GBPUSD)

I share your sentiment image image Actual trade image

Cable Update (GBPUSD)

I am short as well, but in Forex you know very well there's no guarantee. But, anyway good luck on your trades.

Cable Update (GBPUSD)

That up move looks like a liquidity grab to me. 4Hr structure not yet broken. Let's see the 4Hr candle close later.

Cable Update (GBPUSD)

This might be a stretch, but my long term view is price to reach 1.1600-1700 in the next few days. Just my opinion. Of course, I can be wrong.

Cable Update (GBPUSD)

Good job to all the bears! On to the next opportunity. Happy weekend all!

Cable Update (GBPUSD)

Yes, I think this is the real purpose of this thread. To learn from one another, help one another. Forex is a very unforgiving environment, so a thing or two you learn everyday can take your trading forward.

Cable Update (GBPUSD)

I trade based on what I see but I have predetermined level already where I want to see what price will do in there. Good luck!

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My guess is it will go down upon reaching 3710 - 3720

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Short trade yesterday my SL was hit. I hope this short entry off a bounce at 1.35 works. Anyways, I always have my SL in place in case set-up is invalidated.

Cable Update (GBPUSD)

Opened 2 short trades after a slight pullback. Anything can happen.

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But I'm not discounting the fact that it may go north as well. This channel might be respected and its a valid setup for me. If its the case, a long trade is also on the table.

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This still has a lot of room to move south. Just waiting for a better re-entry signal for a short trade. Target is 1.3250ish zone.

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Short trade closed. Will look for another entry on pullback.

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Short GU, small trade first.

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GU in a very interesting area right now at around 1.35, a multi week resistance/support. Better wait for a clear signal for which trade to take

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Just waiting for the right price

Cable Update (GBPUSD)