With bad news, be it US or UK, people rush back into the Dollar safe haven, but now that the recession is easing we'll see the normal Economic rules start to apply more and more - that is why I have stayed in my long position.

Cable Update (GBPUSD)

If unemployment data is worse than expected, then normally this bad for currency and it will depreciate. But I've learnt with the GU - Buy the good news and Sell the bad news....

Cable Update (GBPUSD)

Bad US data, normally cable would go up - but I've seen strange things happen with Bad US Data - Holding my long for now though...

Cable Update (GBPUSD)

Guys - it's just bounced off the UTL on the 4 hour and is approaching the 0.382 FIB AT 1.6780 - I'm long.... with SL at 1.6750

Cable Update (GBPUSD)

I'm in at (1.6860) but If the hourly closes above 1.6820 I'll jump in for another lot - this teddy could turn into a spike. so don't wanna miss it.

Cable Update (GBPUSD)

What just happened- thank goodness I moved my SL to BE - otherwise i'd be crying right now!!

Cable Update (GBPUSD)

Got taken in on my range trade; long at 1.69600 - have moved my SL to BE - so lets see what happens - target only 40 pips.

Cable Update (GBPUSD)

Classic - you got me; but at least I didn't ask where I could see your trading system!!

Cable Update (GBPUSD)

Does that then mean a 52.333% chance of moving north?

Cable Update (GBPUSD)

Hi, I'm fairly new to this forum - sometimes I think we're in kindergarden. If you don't like what somebody says, just ignore them - we're all here for the same reason - to get advice, share advice and make a success of FX trading - sometimes it ...

Cable Update (GBPUSD)

Morning all! looks like the GU is moving sideways and will be range bound today. I'll buy at the bottom of the range = 1.69600 and sell at the top 1.70250 and only target 40 pips. We may get a breakout after the BOE decision later today at mid day ...

Cable Update (GBPUSD)

Ditto - Good news will send it up, bad news down - think it's gonna be good.

Cable Update (GBPUSD)

Buy the good, Sell the Bad — Buy the good news; Sell the bad news. Had a nice long there..

Cable Update (GBPUSD)

All aboard the Night Train - she's going down......

Cable Update (GBPUSD)

Throw your Economics text books away - Good News Cable goes up, Bad News Cable goes down - simple!!

Cable Update (GBPUSD)

Retrace time — Tweezer Tops on the 4 hour could be indicating a retrace....Think the 1 hour has to close below 1.6900 to confirm this though - so wouldn't short until then - this could be a bear trap...

Cable Update (GBPUSD)

Not that simple - it relates to forecast which is -1.4 (If it's better than forecast Cable down, if it's worse than forecast cable up - in a perfect world) With current state of affairs, better than forecast might mean poms sell safe haven dollar ...

Cable Update (GBPUSD)

We had a lot of Tweezer Tops that were all fake, getting another lot - can lightning strike twice? I'm waiting for US GDP - Obama said they're gonna be good... This should make the US$ strengthen - but it might also make the poms flee the safety of ...

Cable Update (GBPUSD)

Don't panic - it's only a loss when you close - set your SL above the daily 0.786 - 1.6600 is a good spot. It's all wave theory!

Cable Update (GBPUSD)

Head and Sholders — My prediction for the day! Right shoulder, has become left shoulder, new head forming - so can expect a retrace to at least 1.6500...

Cable Update (GBPUSD)