Taken profits, adding about 0.3% to my account.

Cable Update (GBPUSD)

That's more like it bears, evil laugh time !

Cable Update (GBPUSD)

Oh oh, Eurodollar testing 1.4400 it appears. ...and dollar yen bottom developing cracks, looks like I could get stopped out any second.

Cable Update (GBPUSD)

That's it, SL moved to breakeven, I don't trust my fellow bears too much.

Cable Update (GBPUSD)

Gone short at 6374, targeting 6333, SL 6394.

Cable Update (GBPUSD)

Really ? I first thought HSBC would move the market more than PMI. What is it going to be, double top or too much support now ?

Cable Update (GBPUSD)

PMI @ 49 versus expectations of 51. Stopped out of Sterling Yen at breakeven.

Cable Update (GBPUSD)

What makes you think it'll be so bullish. Debt ceiling talks ?

Cable Update (GBPUSD)

SPX 500 back below 1300 @ 1295, while cable is having none of it, looking more likely to at least form a plateau before heading lower.

Cable Update (GBPUSD)

Well done, you've got a reason to have a wicked party this weekend. I lost out on the trade, although I straddled the release. Looks like my broker increased the spread, triggering the wrong entry order, while I cancelled the correct one too soon. ...

Cable Update (GBPUSD)

Cable going mental in the last few minutes. It's climbed above the initial spike, now at 6460. Very strong. On a sidenote, equities have sharply reversed to oppose the Greenback's movement, as they usually do. Why they're climbing, though, is beyond ...

Cable Update (GBPUSD)

Aye, I might short this spike on Sunday when Australia / Asia's open. Hopefully it won't reverse too much today.

Cable Update (GBPUSD)

Time to own up. Looks like I was wrong as the Greenback is moving in the same direction as equities. Poor GDP figures: 1.3% 2QA versus consensus forecasts of 1.8% and 1.9% 1Q. I should've traded EUR/CHF instead, damn it.

Cable Update (GBPUSD)

Fair enough, although if my memory doesn't fail me, it's been a while since we've seen strong US GDP data. If anything, I'd bet that weak GDP data would be more likely to send cable south.

Cable Update (GBPUSD)

But what makes you believe the Greenback will move in the same direction as equities ? There is much evidence of an inverse correlation, and given strong GDP data, the Greenback could make a concerted risk-off depreciation, with Swissie and Yen, ...

Cable Update (GBPUSD)

Good straddle there, 40 pips in about a minute, excellent.

Cable Update (GBPUSD)

Fundamentally it shouldn't happen, unless inflation in the UK goes nuts, forcing the BoE to accelerate Bank Repo Rate hikes.

Cable Update (GBPUSD)

I'm giving it another bearish shot with an entry order at 6093. Entry order SL at 6113. This has less downside potential than the previous attempt, but if I get the chance to move the SL to breakeven again, I've got nothing to lose. The support ...

Cable Update (GBPUSD)

No sorry, meant 6065. I should be more careful to reread what I'm writing.

Cable Update (GBPUSD)

Out at breakeven SL, how tedious.

Cable Update (GBPUSD)