Morning guys .. no cable entry order triggered overnight .. Caught EUR/USD short at 4240.. beautiful

Cable Update (GBPUSD)

Entry triggered over night at 4240!

The WoRmHoLe

I'm not .. Not optimal to enter now.

Cable Update (GBPUSD)

Rate announcement will cause some volatility and send her who knows where, but check this out

Cable Update (GBPUSD)

Chart or two to back that up? No one will listen to you unless you post a chart to back up your claim.

Cable Update (GBPUSD)

Why short at 4086? Why not higher? I dont understand taking a short after a down-move occurs. Wait for like 4220/50 or something.

james16 Chart Thread

Oh man I just read alot of his posts and realized he SHOULD NOT BE TRADING

EURUSD

Oh of course, and we must be willing to change our bias from bearish to bullish and vice versa very quickly. Here are some more Bloomberg articles.. url url url

Cable Update (GBPUSD)

My comments are not against you Ipips ... but... After rallying 2200+ pips from April 22, she calls a 400 pip retreat a "meaningful pullback"? Give me a break. This move up is was a real optimistic one fueled by good news and high hopes. See what ...

Cable Update (GBPUSD)

Yeah no doubt .. even a CAD rate decision this week.. I don't think anyone will be raising rates anytime soon

Cable Update (GBPUSD)

Wait for the 50/61.8 ... start getting excited around the 38.2

Cable Update (GBPUSD)

Up up and away!!!

james16 Chart Thread

hey orion .. im with you in there as well! Several positions between 0812 and 0845. What you think .. 1.13 , 1.15 or 1.20 as a target?

The WoRmHoLe

Maybe here???

Cable Update (GBPUSD)

I won't be taking a long... only looking for a short on a retrace. We still have alot of news coming out this week. NFP will be worse than expected IMO as well and who knows what the reaction to that news will be

Cable Update (GBPUSD)

Here are some charts. G/U 4-hour showing a channel, downside supports (good areas to short against after a break) and the ultimate target 5350 G/U 1-hour showing possible entry options. E/U H/S pattern and possible entry option. $$$$$$$$

The WoRmHoLe

Also, we would favor a deeper pullback since it would be a countertrend move .. price may rise back to 65 or 66, who knows, before the next leg down if there is one ...so dont get trigger happy

Cable Update (GBPUSD)

Hey .. usually after larger moves, we would favor deeper pullbacks, like 50% or 61.8. However in this case, she made some 400 pip move down in a day! Much larger then the avg daily range we have been seeing of about 200 or so. The best way for a fib ...

Cable Update (GBPUSD)

The thing with bullish pin bars at the end of the bear rally is that there may be a test of the lows again, at least the probability is higher .. And judging by the base she formed at 1.08, somebody had some large orders being filled there until it ...

Silent Service Method

No scam ... even if it was a stop hunting move, you could have made money .. it looks as if the big money is unwinding for now, so we can have a short bias now

Cable Update (GBPUSD)