They probably did, as did prop desks at all other major houses after observing break of descending t/l and ensuing price action, as did algo strategies at countless hedge funds, as did many astute retail traders..... the list of "they" is pretty ...

Cable Update (GBPUSD)

Who are the "they" that you mention? Be careful what you say in here though, as they might be reading.

Cable Update (GBPUSD)

You should set up a journal, friend. That way, people who actually want to keep up-to-date with all your positions can find the information easily in one place. Cheers, Paul

Cable Update (GBPUSD)

Intervention by whom, Navin? Not to be flippant, mate, but the only intervention I see is there were far more buyers than sellers, with a fair portion of those buyers being existing shorts squeezed out of their positions. This means cable has been ...

Cable Update (GBPUSD)

Be careful shorts.... Crude oil climbing, due to inventory numbers. Copper recovering earlier losses, equities starting to firm up. Dollar is back on the ropes, once again.

Cable Update (GBPUSD)

Yes, I've also seen the normalising of the smile curve, following this upside move in spot, indicating an easing of near-term bearish sentiment towards cable, less demand for downside protection. You have a "V", my friend.

Cable Update (GBPUSD)

In that case, think on this instead, if a tree falls in the forest and no one is there to see it, does it make a sound? You trade, therefore you are...

Cable Update (GBPUSD)

Hey GM, firstly, well done on your longs. big respect from me, for what it's worth... secondly, that 1.53, 3m, OT is looking a hell of a lot cheaper this morning!! Paul

Cable Update (GBPUSD)

I popped out and have just come back and read that. Very funny.

Cable Update (GBPUSD)

Of course, a short squeeze is definitely taking place.... Whether this will be enough to coax further buyers into the market, nobody knows for sure. However, I agree that we should let the charts guide us as to when it may be wise to enter short, ...

Cable Update (GBPUSD)

Who really knows, Navin? Sorry to sound vague, mate. Fundamentally, I remain bearish on sterling, but that doesn't mean we won't go higher in either the short or long term. A classic short squeeze does often mean a resumption in the broader trend ...

Cable Update (GBPUSD)

I'd wait for a reversal candle, personally, rather than stand in way of the train.

Cable Update (GBPUSD)

It's related to comments made in the FT by BOE official Paul Fisher.... What's ironic, is that exerts from this same interview actually caused a brief dip in cable yesterday afternoon, which took out my stop. However, the severity of today's move is ...

Cable Update (GBPUSD)

Same here, mate. Buy or sell and hold the position, with trailing stops, that's me.

Cable Update (GBPUSD)

The determination of trend depends on your prefered t/f, obviously. In my chosen method of trading we're back in a range. I don't see enough to warrant me taking a position in cable, nothing which I deem to be of high enough probability, so I trade ...

Cable Update (GBPUSD)

Come on, Azim. If you can forecast 1.53 from your analysis, then surely the month isn't too much to ask? In all seriousness, yesterday it looked a strong possibility to see a breakdown towards 1.53 in this month. Now we're back in middle of range ...

Cable Update (GBPUSD)

In which month, Azim?

Cable Update (GBPUSD)

A continued and measured depreciation in the value of the currencies of large deficit and highly indebted countries, such as the UK and the US, are part of the solution and are not problematic in itself, providing the deprecation doesn't turn into a ...

Cable Update (GBPUSD)

We're all entitled to change our views as new facts or perceptions emerge. That is a positive trait for a trader, I believe. Sentiment against the dollar is indeed starting to feel stretched in the short-term, although I am not ready to ...

Cable Update (GBPUSD)

That explains your prediction that you "guess it will fall soon". Thank you!

Cable Update (GBPUSD)