5 years ago GPB was doing great and USD had a crysis, now tables have turned, you can't know what will be in 5 years.

Cable Update (GBPUSD)

Looking at COT charts the Large traders and Small speculators seem to direct the trend over the Commercials

Cable Update (GBPUSD)

If Soros or whatever institution dumped the pound like a stinky poo, doesn't that mean they beleive it's gonna loose a lot of value ? Does anyone know what happened to pound after Soros shorted in the 90s for £10billion profit ?

Cable Update (GBPUSD)

I took a little profit on that move, but just watching it reinforced my belief in money management. I'm sure many traders who thought -200 pips was the limit for Monday, bought up for a retrace with huge leverage hoping to make a quick easy buck, ...

Cable Update (GBPUSD)

GBPAUD is now at 25 year low

Cable Update (GBPUSD)

Today is a great example of "TREND IS YOUR FRIEND"

Cable Update (GBPUSD)

I think there was a major stop activation which is why it kept rolling down, possibly a stop hunt before a major uptrend.

Cable Update (GBPUSD)

OUCH thats just stang me

Cable Update (GBPUSD)

Line "2" I mention earlier has been breached I would now expect it to be the new short term support, the next short term resistance line would be pointing up, once it is breached, we should see a healthy upward retrace. But don't trade what I ...

Cable Update (GBPUSD)

What I see: Line "1" which was the previous short term resistance has been broken and now turned into short term support. Line "2" is the new short term resistance. Both lines are sloping downward, however due to expected retrace on the daily chart ...

Cable Update (GBPUSD)

Looking at the major resistance line which then turned into a major support line, my guess is it's going to go up for atleast a retrace. We can see in underline "1" it broke the support but retraced no problem, in underline 2 it broke support again ...

Cable Update (GBPUSD)

GOD sure loves you

Cable Update (GBPUSD)

The market exists only because the redistribution of money always occurs at the expense of the majority of the participants for the benefit of the minority.

Cable Update (GBPUSD)

GBPUSD resistance 1.5600 EURGBP resistance 0.8800 This is gonna be in interesting fight

Cable Update (GBPUSD)

Strong resistance on GBPEUR stopping cable from moving

Cable Update (GBPUSD)

You can't be wrong if you don't have an opinion. Better to follow the trend then try to predict it.

Cable Update (GBPUSD)

The market exists only because the redistribution of money always occurs at the expense of the majority of the participants for the benefit of the minority.

Cable Update (GBPUSD)

The snow in Great Britain did mess up the pound so probably the same fate for the dollar. The retrace seems even more probable now.

Cable Update (GBPUSD)

Where do we go from here after such a spike ? back down ?

Cable Update (GBPUSD)

GBPUSD is bouncing hard of the 50% FIB, time for a quick long scalp.

Cable Update (GBPUSD)