Not entirely true. Traders/speculators/short-sellers, through the impact they have on price movements, are mere messengers and are rarely the cause of the problems. Also, in the UK, the short-selling ban on financials was arguably an adject failure, ...

We are approaching VERY serious times

And what drives sentiment?

We are approaching VERY serious times

I agree with you, cisco. But, as fxlocal said, Soros was a truth seeker. GBP was pegged to the DEM at a rate which totally failed to reflect the true underlying dynamics of the two economies.

Cable Update (GBPUSD)

Agreed, but the surge in its price was definitely given a huge boost by speculators jumping on board to catch some of the momentum, which further perpetuated the strength of the price move.

Cable Update (GBPUSD)

I'd massively short your currency!!! Although it'd probably be much stronger than sterling and you'd have better GDP growth prospects!!!

Cable Update (GBPUSD)

In the long run, Soros actually done the UK a huge favour, as a weaker pound totally invigorated our export sector. However, at the time, it was a humiliating defeat for the then Conservative government and the Bank of England, both of which tried ...

Cable Update (GBPUSD)

It's frustrating to watch such destruction of confidence and wealth, I agree. Although I wouldn't blame short-sellers for the chaos we are seeing. The huge falls in equities are the side effect of a deflating asset bubble, caused by years of cheap ...

Cable Update (GBPUSD)

Hi all, Below is a piece I posted a few weeks ago on another website regarding the possibility of the UK joining the eurozone. Some of it may be of a degree of interest to this thread... There has a little speculation in recent months regarding the ...

Will the pound disappear?

An expensive education!!

Cable Update (GBPUSD)

Hahaha... Yes, I shall blame her instead! Always easier that way.

Cable Update (GBPUSD)

Same thing happened to me about a year ago, Navin. My then girlfriend was at my house when I was showing her my charting tools and explaining how top traders use certain indicators, along with detailed fundamental analysis, to source very profitable ...

Cable Update (GBPUSD)

Spot on! In hindsight, they really were the good old days...

Cable Update (GBPUSD)

Only fools make such predictions, so here are mine!! 3 month: 1.35 (approx low, with the S&P500 bottoming at 650 in next few months. At this point the Bank Rate cutting cycle in UK will be complete) 6 month: 1.50 (risk very slowly coming back into ...

Cable Update (GBPUSD)

No, you completely misheard. The UK government (the taxpayer) owns over 70% of RBS, 43% of Lloyds, 0% of Barclays and 0% of HSBC.

Cable Update (GBPUSD)

From what I can gather, the main reason for his ban is that he created multiple identities in order to boost his profile and reputation as a winning trader. This is dishonest and misleading and he deserves to be banned for using a smoke and mirrors ...

Cable Update (GBPUSD)

It's shocked me that he and Steelhead were one of the same...

steelhead trade journal

For the record, I played no part in getting him banned. I was merely giving my opinion on his trading calls made on Forex Factory, all done in the spirit of open debate and critique, which should be the purpose of these very forums.

steelhead trade journal

But don't you think using multiple usernames is very misleading, creating an allusion, through smoke and mirrors, of someone who holds the key to unlock the mysteries of the market? I was convinced a while back that you and Steelhead were one of the ...

steelhead trade journal

Why confused?

steelhead trade journal

I did see that, actuallly, now you come to mention it. Also, I now remember his constant references, every single day, about his customers/clients....

Cable Update (GBPUSD)