What if, say, the number is -150k and equities shoot north, the dollar comes under renewed pressure and cable breaks 1.6740, clearing resistance and neckline on inv H&S? Will you continue to hold short if price gains momentum for an attack on ...

Cable Update (GBPUSD)

That's great to hear, BB! This week has been very slow for me, with one step forward followed by one step back. I made a killing in the first three weeks of October but ended up giving a too large a portion of those gains back to the ...

Cable Update (GBPUSD)

Fair enough, in that case they should have some fun. A bit like taking a punt on the Melbourne Cup - an event I steered clear of this year, given my terrible record in betting on sport events. Hope you're good, BB.

Cable Update (GBPUSD)

Personally, I'd steer clear of fresh positions, unless of course someone knows the NFP number and unemployment rate ahead of the market and can also guarantee the reaction in the FX sphere once the data is announced. Let the market settle after the ...

Cable Update (GBPUSD)

The market is not the stupid one in this debate, I promise you. Trade what you see and never what you think.

Auslanco - GBP/JPY and GBP/USD (newstrade)

The market is never stupid and never wrong.... There is a tangible sense of relief that the outcome of the QE decision wasn't as negative for sterling, and related yields, as many had feared.

Auslanco - GBP/JPY and GBP/USD (newstrade)

Sorry for your losses, I really am. However, you really need to take full responsibility for your actions and not blame the "big boys" for your failings, seriously. Until you can admit that your approach was at fault, nothing else, there is no hope ...

Cable Update (GBPUSD)

Through not aggressively expanding the monetary base, the deflationary effect on such a heavily indebted nation as the US would've led to the destruction of the whole economy (think Great Depression) in such a manner that would've made the credit ...

EURUSD

Agreed 100%. As part of the global re-balancing, surplus countries have to spend more and deficit countries (UK and the US) need to save more. Thus, exchange rate adjustments are part of the solution and not the problem - unless, of course, there is ...

EURUSD

Really??? Surely you're being sarcastic?

EURUSD

If you deem that a 50 pip s/l is too tight for your chosen trading method, then simply reduce your leverage and risk more pips at the outset, in order to take into account the underlying volatility in the market. In my opinion, risking 5% of your ...

The WoRmHoLe

Hey Azim, You should observe the S&P instead. The DOW is a broken benchmark, which is weighted by the share prices of 30 companies, rather than their market capitalisation, which is antiquated and makes little sense. The S&P 500 has broken below two ...

Cable Update (GBPUSD)

Go easy, Azim! We need as many hotshot traders on here as is possible. So don't go being rude to ones who kindly grace us with their presence.

Cable Update (GBPUSD)

Hey Azim, No idea what you said there, my friend. Sadly, my knowledge of Chinese Malay(?) is far, far inferior to your eloquent English.

Cable Update (GBPUSD)

Impressive! Thanks for sharing with us. So it's 1.80 here we come....

Cable Update (GBPUSD)

Well said, FXLocal... It's not about being right or wrong, but only making sure you make far more from the former than you pay out as a consequence of the latter. I couldn't care less about getting things wrong, everyone makes mistakes. I ...

Cable Update (GBPUSD)

Then post your own thoughts, instead of rantings from some conspiracy theorist.

Cable Update (GBPUSD)

3.5% So much for that conspiracy theory, eh? Although no doubt someone will spin it how GS released the downgrade on purpose, while all the time knowing that the true figure was 3.5%, in order to "manipulate" the markets.

Cable Update (GBPUSD)