hi eo, Long with you at 3781. targets to me are 1.3850 and 1.3960

Trade what you see NOT what you expect

hedging will not help you ever. be careful

Cable Update (GBPUSD)

try to be careful shorting Ucad. look at weekly.... bull pennant break to up.. target looks a little unrealistic by now... but.... 1.47 is not so far. even in 4h the formation looks like a bull pennant... if is true, around 1.3250 is the target...

Cable Update (GBPUSD)

US is not leading the recovery. but a lot of countries prefer to weak its own money to not ruin its exports and USD reserves. when the recovery really start US dollar will pay its part.

Cable Update (GBPUSD)

how do you have a 500 pip of looses!!!!... didn't use any stop looses??? if price move 100 pips against you better must to close the trade manually, and accept the looses. 100 pips is more easy to recover than 500. sorry my friend.

Cable Update (GBPUSD)

i don't think both will fall, but they are in really serious troubles. new kingdom.... what will be.... ???

Cable Update (GBPUSD)

i can see a little retracement till around 1.3930-60... i'm still crying by my closed positions at 1.40

Cable Update (GBPUSD)

the bottom is around zero ... really, good bottom will be the parity with dollar.. sometime ago, i said: 1 dollar = 1pound = 1 euro = 100 yen... my god, is so close that time!!!!

Cable Update (GBPUSD)

i sold on the early asian session at 1.4165 and 1.4141 close both at 1.4000. damn.!! but, anyway, good green pips. i'm expecting for a retracement to around 1.3980. but the Great Britain weekend was so heavy ... i'm long at 1.3913. sl 1.3970 target ...

Cable Update (GBPUSD)

no GU news today? London is recently open and is reacting to weekend news: Lloyds bank nationalized by the UK goverment.

Cable Update (GBPUSD)

good evenin' everybody, have a great green pip week!

Cable Update (GBPUSD)

i can catch all the way down on GJ. but gu move erratic today. now is trapped in the pivot and can't scape. but i tempted to short it. i have 1 running.

Cable Update (GBPUSD)

thanks! PIP

Cable Update (GBPUSD)

now i'm shorting GU too. at 1.4147 at the moment in all my short trades: +320 pips.. great day to me!

Cable Update (GBPUSD)

yeah, is exactly what i've done in +47.

Cable Update (GBPUSD)

i like to trade gu, but today i prefer to trade GJ. so i shorted at 140.77... i start to see usd fall for a while, plus the gu fall... that's a nice confluence... for gj stop at be+10 currently 120 pips.. let's see what happen...

Cable Update (GBPUSD)

if you look at weekly around 98.8x is the 50% of 110.60-87.0, if this week close below, a bigger down could start again. anyway, below 101.5, is still favouring short positions in the longterm. i don't konw how much this situation could extend. just ...

Cable Update (GBPUSD)

i shorted at 4139. hard resistance, just like before acts as a very hard support. target for now, 1.4000... we've been move into a rectangle channel in between 1.4150-1.4000, I wait for the break down.

Cable Update (GBPUSD)

i don't say throw it! i say they useful but not perfect.

Cable Update (GBPUSD)

don't stick with indis, because they say what price action is showing. and don't forget about the redraw for the same reason (price action)

Cable Update (GBPUSD)