[milliard]

As far as Cable goes, I wouldn’t pay a whole lot of attention to activity at 10.00pm EST if I were you. Most of the serious business on that instrument is transacted during London & New York. Tokyo desks might bat it around a little if the cross (GBPJPY) is attracting heat, but any price analysis based around that shifts activity is a waste of time.

Again, as far as your specific price radar goes (vsa or volume prints etc) I guess you’re simply going to have to act according to the rules & regulations of your chosen price aids & what they tell you.

We don’t recognize it or trade according to that stuff, nor subscribe to volume on the cash – so it’s off our radar.

Anna-Maria mentioned in a recent post on here she was waiting for either 9960 to the topside or 9600 to the downside to creak before she climbed aboard that horse, & that’s what she did y’day morning (courtesy of the pullback opp).

If you were looking at it via the intradays, then I guess you got a lead in around 9625-30 off the 15m graph on Wednesday morning (London).

Whether it chooses to truck on down to next line support at the 9400 will depend on the strength of the participation. Big money, smart money or any other kind of money is irrelevant. If Sterling fundamentals dictate sufficient supply exists, it’ll pump. If not, trailing stops will take care of business.

Sterling weakness has reared up again (check your Sterling pairs), therefore the value is to the short side on Cable if you’re touting it.

Until it spins out or tells her otherwise, she’ll look to aggressively compound the short side of Sterling.