Yeah shorted much earlier, around 6980, 7030, 7045. Closed profits for trades at 7030,7045 and part losses for trades at 6980. Some trades (6980) still running, let us see next week.

Cable Update (GBPUSD)

I took some losses at 1.7006. Overall nice profits for the week, I don't mind "giving back" something to the Market.

Cable Update (GBPUSD)

1.7005 id 100 hr MA

Cable Update (GBPUSD)

7030 is stopping further progress.

Cable Update (GBPUSD)

Fridays normally profit booking days, longs need to be careful.

Cable Update (GBPUSD)

1.7050 offers.

Cable Update (GBPUSD)

Yeah it looks so. The previous low ( 1.6950 ) will hold if at all it goes there tomorrow.

Cable Update (GBPUSD)

I understand spread cost will be more in intra day trading. But by being an intra day trader, one makes more money than a position trader.. provided self disciplined & trade according to rules..

Cable Update (GBPUSD)

A question to you : I know to be an intra day trader, one has to be extremely disciplined and have good system. You seem to be a position trader, but for sure must have been an Intra day trader also in the past. Good money is in Intra day systems ...

Cable Update (GBPUSD)

I thought we have seen New york top for the day. It is 10.10 EDT here

Cable Update (GBPUSD)

US GDP + Hawkish ( somewhat ) talks by Karney helped this pair from dropping below 6950. what will happen now ? It seems to have failed again around 7030/40 1.6970 is targeted first

Cable Update (GBPUSD)

Fundamentally your views are right. But I dunno what made the market to move up, though it is yet to break the high.

Cable Update (GBPUSD)

Hey was there a report or something or an Interview with Karney ?

Cable Update (GBPUSD)

You are right

Cable Update (GBPUSD)

Faking

Cable Update (GBPUSD)

7000 will hold it.

Cable Update (GBPUSD)

Thanks for the article to read about, though already I know that he "bluffed" few days back for the price to rise.

Cable Update (GBPUSD)

Fundamentally I can say the price is likely to fall to 6900 or below before the next move up. Reason: Karney bluffed.

Cable Update (GBPUSD)

Yeah tomorrow at 4.30 Carney will decide the candle

Cable Update (GBPUSD)

Looks like it will close like In Decision candle today. But see the similar candles, the next day had been bearish candles in similar situation in the past.

Cable Update (GBPUSD)