I’m also shorting on that OTE like all of you… haha which is kinda worrying. Wonder what the institutions will come up with to counter this? If it hits the OTE on NYO I reckon we can see a low to around 1.323, that swing up from 9th Jan was never retested.
Could be quite volatile today, lots of news around NYO… I missed London Open, nothing seemed to be lining up. If fiber hit 1.34500 I was gonna short, & still looking for the Cable to drop to 1.53925… I don’t know if others have noticed, it seems the good entry’s are outside the kill zones lately :33:
Just want to say its brave of you guys that are shorting the fiber, since its in a bullish market structure on 4h…
Btw, Ive had EUR/GBP on my mind for some time know, could you guys tell me what you think of this idea?
My plan is to 1, identify a Sell or Buy program using USDX and intermarket analysis.
Step 2, identify MarketStructure(4h) on EUR/GBP(What are we calling this cross?)
Step 3,
EUR/GBP shows us where the bigger move will be, dvs if its bullish, the Euro is stronger than Pound, if its bearish, than Pound is strong than Euro
Step 4,
If we are in a BUY program, then, I will look to buy the strongest currency(so Buy program, and bullish EUR/GBP = buy Fiber, Buy program and Bearish EUR/GBP = Buy Cable).
In a sell program, and bullish EUR/GBP I will sell Cable(weakest), and when bearish (EUR/GBP), sell Fiber.
What do you think?
I just sold Cable with 25pip sl, lets see what happens 
Yes, I agree. I was thinking of a short [scalp] this morning on the retest of 1.3430 (noted 62% retracement level), bullish MS kept me out. That idea may play out OK, considering the size of the AR should we retrace, but I decided to wait for confirmation. I would like to see a push higher towards the 4H OTE short zone before considering shorting.
Interesting PA last night nonetheless… Makes me think we should see a deep retracement to 1.3390 or so before pushing higher… Still flat so far…
I just did the same 
Short @ 1.54360
Looking at the DJ USDX to head back to the Daily CPP
It was an OTE
Street money is long,
previous significant London Open low on the 18 Feb as possible resistance
Against me was:
Asian lows taken out, so it might be off to take out the highs?
Lets see
TWYS
I got in a t 5438… the more the marrier I guess? The Pound is up for some ‘bearish’ news in 25mins, so hopefully that will be enough to send it further down…I got a resistance at 5402.
Nice entry! I always get in too early, that fear of been left behind :34:
they call it the ‘chunnel’. sounds good,
i look at eur/gbp chart in similar way, if support lines hold and resistance breaks then the move is ‘up’, if support breaks and resistance holds then it’s down. In up move buy the euro sell the pound, a down move is reverse, sell the euro buy the pound. Then it is a matter if what i would like to do that day, buy or sell, perhaps looking at which pairs (cable or fiber) are at their own support/resistance lines, and the economic calendar for the next couple of days.
betofx, please get rid of that avatar! Lol
I thought MG99 had come over to the dark side for a second :46:
yours is just 2 pips away, and that difference is just luck:) Hopefully it will last, and take us both to profts 
Thanks I wont be looking at it to get a directional bias(I use mainly USDX for that), but I will start using it to find out wich pair to trade
NICE
Those news managed to move the cable a little bit ;)30pips in 2sec
[EDIT] Have also moved my stop to 5405, just over the short term resistance…
Well that was an epic move on the ole cable :53:
Half off @ 49pips, stop loss @ breakeven + 2 we’ll see where it goes…
80 pips and counting
Good call guys!
good work take some profits
Holy crap. lol That is one lone one minute candle…
I went back to my mt4 & thought it had crashed & left a red line down the center of the screen, Too funny!
Update: USDX is back to the daily CPP, my stop is just above the July low, hopefully it will act as resistance. I’m really tempted to close out completely but will just watch it more for an experiment, as it might drop further & take out all the next major lows, Looks like the street money got smoked again :56:
This is the crazyist move I’ve ever been part of!
ps. this is 1M chart!