Think we'll see a downward move when US opens. Until then I think it will bounce around the 1.52 marker. Ok for scalpers. I'm going to get out at 1.5175 per my original trade. 70 pips is worthwhile and better than risking a move back up.

Cable Update (GBPUSD)

At last!! 1.5225 broken. Lets hope we see some momentum then I can move my tp from 1.5175 to 1.5140

Cable Update (GBPUSD)

BONUS - you need to chill a bit. You can learn a lot from discussion. No opinion is bs, it's an opinion. Take it or leave it.

Cable Update (GBPUSD)

What about all our financial services to overseas companies - isn't that what the city of london is renowned for?

Cable Update (GBPUSD)

Isnt the expansion largely due to the weak pound though? If pound strengthens services contract? not sure on this, any guidance appreciated

Cable Update (GBPUSD)

Here comes another test of 1.5225 if this goes we go to 1.51 quick (I hope)

Cable Update (GBPUSD)

Righty-Ho, off to the day job now. Good luck to you all. Happy trading.

Cable Update (GBPUSD)

Hi Cloggie, you are right, but I am trying to remain disciplined within my strategy and I believe that overall in the build up to the election we will see the rate come down to the mid 1.40's (although daily polls will probably create a lot of ...

Cable Update (GBPUSD)

I'm with you on that. I wrote yesterday that on the daily and 4 hour charts the fibs were showing that retrace could go up to 1.5422 but 1.5380 is a very good shout and that's probably where I will position my next short entry. I don't want to get ...

Cable Update (GBPUSD)

So difficult to read what is going to happen. Is it the institutions positioning themselves prior to the news? Reaction to CHF news? I scalped a quick 20 which effectively moves my original position to short at 1.5245 from 1.5225. Going to cancel my ...

Cable Update (GBPUSD)

Morning all Well, doesn't seem that much has happened overnight. Disappointed to see that my additional short at 1.5280 just missed out on triggering, but the upside is at least we are back to near where I booked my original short at 1.5225. Let's ...

Cable Update (GBPUSD)

Hi Chaps, Just been looking at 4 hour and daily fibs and based on this years high (Jan 1.6455) and this year low (End Mar 1.4990) it looks as though the next stop is going to be 1.5415 ish region if it gets past 1.53 with any momentum. Think the ...

Cable Update (GBPUSD)

there's your 1.50 about to hit, gl with the short

Cable Update (GBPUSD)

Hi, I put in a short entry at 1.5225 and set my tp at 1.5175, at this time of day the movements will be slow so don't expect any great rushes up. In all seriousness, don't rush into trades through lack of patience you will only set yourself up for a ...

Cable Update (GBPUSD)

If you are itching to get in my view is why don't you stick in 50% now and then 50% at your preferred entry that way you get best of both worlds

Cable Update (GBPUSD)

Need this sucker to get down to 1.5175 then I can pack up for the night and relax watching Barca spank the Arsenal. Now there's a trade, Barca to win by 2 goal margin

Cable Update (GBPUSD)

just gone shore 1.5225 take 50 pips at 1.5175 if it retraces.

Cable Update (GBPUSD)

Hi Paw Sorry, been a busy day at work (day job) so haven't been keeping up to date with the threads like I would normally. How's your day going, I'm up about 240 pips between asia open and now, so most happy. If we see the g/u bouncing around ...

Cable Update (GBPUSD)

From ActionForex(Usually pretty reliable source of information and usually quite consistently good with their trade ideas) GBP/USD's break of 1.5181 minor support suggests that rise from 1.4798 is completed at 1.5318 already. Also, the three wave ...

Cable Update (GBPUSD)

Cheers. As the cowboys would say "you're my Paw"

Cable Update (GBPUSD)