@Mitiblotch and @TheHusla are both correct. Market is manipulated in a certain degree. I can give you an example: If you want to put quotes in your favour you often use overnight transactions on low volume. Of course the other big boys now that ...

Cable Update (GBPUSD)

Sounds weird but it is true. The reason behind that is going back to "normal" and that means lower interest rates,- so USD will rally. It also has to do with the trading against carry trades,- governments do that to stop speculators on big carry ...

Cable Update (GBPUSD)

Big boys try to absorp the immense buying pressure on USD currently (so GBP/USD they try to keep up, not moving down more). Problem for them is the carry trades today. USD has to be pushed down or it gets even more expensive for their shorts ...

Cable Update (GBPUSD)

Probably you should hold, I closed my ones already. It was enough the last days, I was too annoyed to hold more and may be one more spike up, shorting again, waiting... etc. I'm still short on more attractive like AUD and especially CAD (So long on ...

Cable Update (GBPUSD)

Looks like they folded a lot of longs from last days last hours. The spike in the 1.3160's were last attempt to sneak some poor buyers in. It probably cost money for them to do that but sometimes it is worth. Correction now still not finished. It ...

Cable Update (GBPUSD)

Current pattern is classical for "Don't dare to sell" (we want to sell). Again one more push up, looking like big retrace. I think we go down now to 1.3120's area before last news in 30 and 45 mins for today. Chances are not that big like before in ...

Cable Update (GBPUSD)

So they did not dare to keep 1.3140's up.... first line of defense is now mid 1.3120's area. Not sure if they let it go today. Next and final target is 1.3100 area.

Cable Update (GBPUSD)

Summer time on Northern Hemisphere. Means only few big players in market. Means excessive, straight moves (as we have seen it ALL over the board: First was CHF, than GBP, NZD). Problem for them is if that this time end now (September) other big ...

Cable Update (GBPUSD)

unfortunately Core PCE is as expected. So little move only. But they know... time is ticking. Monday Holiday is over. They have to get rid of their longs now. Hurry my bunnies, hurry!

Cable Update (GBPUSD)

1.13169...is only the start. I think they started the selling programms now. Finally, I hope. 1.3120's is their area. The have huge longs left. It's friday and london closes in 2,5 hours. Let's see if they push it up one more time before clearing.

Cable Update (GBPUSD)

Sorry Bro but than you have to wait. Hopefully not longer than that evening. Not sure who is keeping the GBP/USD up. Sell pressure should be immense. Did I mention we had good USD numbers? Well... no one cares.

Cable Update (GBPUSD)

@RCtrader: Can you block the user url ? Is that possible? I'm not sure. There are guys out there which really steals your time and mind. Just annoying. He even cannot write properly. Gosh.

How long have you traded for?

@at all: Sounds maybe weird, but the GBP is still very strong. It has a huge back slash potential against the euro (so also GBP/USD down). Retrace of at least 50 pips should come on EUR/GBP, so be careful with longs today on GBP/USD. cheers.

Cable Update (GBPUSD)

Don't worry. If you missed the correction on GBP/USD, just come on board at USD/CAD or AUD/USD. Same crazy numbers relatively viewed.

Cable Update (GBPUSD)

Funny enough the whole move was almost exact 600 pips and now the low of the consolidation was exactly 120 pips... that is rigged market at perfection. Haven't seen that for years. I really wonder what happens next week when other big players enter ...

Cable Update (GBPUSD)