Thanks guys but i have a good idea of why i messed up today and the greater picture (daily charts with 50% retracement from previous days high) i did not see this classic move by cable. Come tomorrow morning (GMT) i shall have a new plan. Thanks for ...

Cable Update (GBPUSD)

Feel embarrassed today as i have done myself a disservice. Sold at 1.5500 got out with -80 pips at 1.5630 then went short again only to lose another 50 pips. total loss today was -129.3 pips, just don't know where the upswing data is coming from? ...

Cable Update (GBPUSD)

Wouldn't a flood into commodities hurt the GBP since most are traded in USD? Sorry if this is an amateur question.

Cable Update (GBPUSD)

Well it looks about right to start selling the retracement. Sell @ 1.55700

Cable Update (GBPUSD)

I think I am entitled to answer this before it takes up more time in this thread. My homeland is in the Horn of Africa so yes I am African. What you don't understand about the economic stagnation within Africa and its root causes is that the ...

Cable Update (GBPUSD)

I learnt to stay away from the poor as they seem to have a crude sense of loyalty. It's much better to just get on with your life than to worry about others who would do the same if the roles were reversed.

Cable Update (GBPUSD)

Still short at 1.5436 and 06, if things remain as they are today is turning into a loss. Will be in the market until 6:00pm (GMT) then i give up...take my losses like a man.

Cable Update (GBPUSD)

Well I don't pretend to be an expert but i will try to answer. When equitiies on the DOW are traded they are done so in USD. This means investors are selling another currency and buying USD...well since the DOW stocks are quoted in USD. Now in the ...

Cable Update (GBPUSD)

Sorry i don't understand, was this targeted at me? what does PA/PT mean?

Cable Update (GBPUSD)

must admit did not have the balls to stay in much longer. Will sit back and enjoy my 200+ pips victory today.

Cable Update (GBPUSD)

It appears on my 4H chart my prediction of a reversal towards 1.5300 is self evident. Now the Asians did "push it off a cliff" but the londoners have given it some lift but it won't last. p.s just this minute we have breached 1.54000!!!

Cable Update (GBPUSD)

Lets hope the Asians push that thing off the cliff. lol

Cable Update (GBPUSD)

I agree. However don't be fooled into placing a buy anytime soon. The 4H reveals what's about to go down... Friday could breach 1.5300!

Cable Update (GBPUSD)

Completely agree with you. I had a demo account with them for 2 years before i had enough confidence to deposit 5K into my account. You sometimes have to be suspicious when it comes to retail FX as i have been burnt by a few brokers. When I came ...

dbFX Deutsche Bank

No! We are hoping for a drop towards 1.5300, nobody expects a breach of the 1.5550

Cable Update (GBPUSD)

Well it's happening now (sell @ .5500), the "drop" people were waiting for let hope it clears .5400 level. love big drops makes my liver quiver.

Cable Update (GBPUSD)

Not really happy about my day pip profit of 54pips. Should have got'en up early 7:00 am (GMT) to catch that 100 pip drop today. I am kicking my self as my week could have started with an easy trade. Currently just watching the market...

Cable Update (GBPUSD)

hindsight is a wonderful thing but you assume to many variables. The Chinese are holding $ 2trillion worth of IOU bonds from U.S, Japan is holding $ 1 trillion IOU bonds as well. Now assuming they both wish to move into EUR/USD that would mean a ...

Cable Update (GBPUSD)

But wouldn't that make it unlikely as the U.S is the world reserve currency. I've looked into the likes of peter schiff arguments but i'm not convinced. For example how would people pay for oil, since the petro dollar governs the price of oil. Even ...

Cable Update (GBPUSD)

Why would abolishing QE help the UK?

Cable Update (GBPUSD)