... If the rocketship fails you! Plus, you get to hop off and parachute down to safety with this old contraption if bears overwhelm

Cable Update (GBPUSD)

... Newbies * sigh

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Emm... Sometimes it becomes rife predicting just how long (All Morning currently, as you pointed) and how far the dropping knife must go. .2100 is a good place psychologically too.

Cable Update (GBPUSD)

Hopefully it's now a buy from this point. Patience is so key success in trading.

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Boooom!!

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Oh-oh! Now I sense a huge bearish plunge.

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Long. Makes the most sense.

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Closed all my shorts. I'm underwater with longs that I placed as a hedge earlier (rather than using stop losses). So hopefully longs fight way upwards going forward.

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I think I might have been right. It appears to have been a mere pullback just for bearish continuation to proceed.

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Bullish reversal? Or a big pullback to then resume bearish continuation? I'll go with the latter till 1.270 is hit today.

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Looks like bears have run out of steam. May need London's volume to finish the job.

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Yeah the Dollar Index, having crossed 100 days ago isn't shy to go just that bit higher still me thinks. Plus, I think AUS/USD and NZD/USD are the ones to take the hit as DXY counter-balance. EDIT: AUS/USD with NZD/USD rises I should say, for the ...

Cable Update (GBPUSD)

May be manually close your mini retracement buy trade now for 10 pips. Me thinks it might not wait for London for the final drop south!

Cable Update (GBPUSD)

No bearish overshoot below the year's low yet me thinks. It will fall a few pips shy of 1.2970... then zoom northwards for a good bull run rest of the week.

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For GU, a mini retracement north now... then the drop resumes at London open.

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Your sell limit missed by whiskers. Too late to get back up now..

EURUSD only

30 pips drop to 1.2970 imminent.

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Interesting that I Didn't see any zig-zag. Late bullish run in the dying end of Asia, then followed by all bearishness at start of London. Simple up and down. Don't conflate the two sessions (Asia & London) into one.

Cable Update (GBPUSD)

At week's and month's end combined, bulls can no longer charge but only buck. Just look at the choppy 4 hourly candle wicks from yesterday.

Cable Update (GBPUSD)