Why?

Cable Update (GBPUSD)

Good figures coming out of eurozone today. If GBP news falls a bit short of expectation could see the rally up on EG continuing from this mornings low of .8660

Cable Update (GBPUSD)

Anyone think we could be heading to last weeks high of 5520?

Cable Update (GBPUSD)

No probs. It's only discussion

Cable Update (GBPUSD)

guess its a case of risk appetite?

Cable Update (GBPUSD)

Take your point, but don't tightening wedges tend to point towards breakouts. As EG dropped by 200 pips over past few weeks I tend to concur with Action Forex that consolidation might be nearing end and that there will be a break upwards.

Cable Update (GBPUSD)

I'm also following EG at the moment. Have bought in at .8687 and now looking to buy in again if it goes to .8662 (but I am not expecting it to get there today)

Cable Update (GBPUSD)

And no sooner...........................

Cable Update (GBPUSD)

Sure I'm going to regret this, but closed my long. seems this 1.54 is tough to move up from.

Cable Update (GBPUSD)

Ok here's my take and all the credit has to go to actionforex. We are now in position to see last rally up to 1.5480ish which will be a 150 pip rise from 1.5530 tp 1.5480. 150 pip move is often followed by a sharp retracement of at least 100 pips. ...

Cable Update (GBPUSD)

Not a bad shout, I'm going to close at around 1.5450 as this is just short of 150 pips move of low to high for the day.

Cable Update (GBPUSD)

Hi Jack, Sorry, I don't do charts. I have a day job and the time you need to invest in them I just couldn't afford. I work to daily ranges of highs and lows and tally that alongside reports on actionforex. The gap between the today's daily high and ...

Cable Update (GBPUSD)

Morning Guys Lots of good rallies I've managed to get on the right side of today, so best pleased. Can see GU starting to climb again from current position. Have been bearish lately, but I see todaybeing a 150 pip day, which from today's low will be ...

Cable Update (GBPUSD)

Great stuff, just back from my meeting and see that my 1.5430 entry triggered and closed it manually at 1.5398. Now at B/E + 10. Next entry is a short at 1.5460 if gets that high.

Cable Update (GBPUSD)

Morning guys. Nice jump from 1.5290 to 1.5350+. Took a long (scalp) for 20 pips just now. Entered small short at 1.5350. Will add at 1.5430 if it goes that high. Is this positioning pre CPI news? EDIT: TP at 1.5280

Cable Update (GBPUSD)

Hi BBaker I have fxcm on my iphone, but sometimes its a bit flaky so I back it up with an account on GoToMyPC.com. If you are behind firewalls you can use it with Universal Viewer. If you log onto their site you can get a free one month trial. Hope ...

Cable Update (GBPUSD)

Morning All Having a scalping good time this morning. Hard work and patience being the key, but 160 pips to the good. Still think bias is towards South, but good pips in this tight range.

Cable Update (GBPUSD)

When you think of all the hours invested in fx trading, the reward just aint worth the effort initially and it is for the best part sooooooooooo boooooooooooring. Can somebody arrange for Mervyn King to make one of his market rattling ...

Cable Update (GBPUSD)

Waiting for 2.55 news then we can have the mad 3pm two hours til close mayhem

Cable Update (GBPUSD)

Yep, hopefully we can see 1.5380 shortly. I can then close off my trades for the day, pack up my computer, go home and enjoy the weekend.

Cable Update (GBPUSD)