Well, we hit my weekly target I set Sunday a lot quicker thanks to Merkel. Gotta revise my weekly plan now. Any normal week and I would expect a retrace from here, however this week it will take a lot to retrace now.

Cable Update (GBPUSD)

Any attempt in retracing this drop gets shot down almost at once on M5/M15, this will need a few hours to stabilise and a few good bull candles on H1 with my eye on a close on H4 above 5294 for any retrace to have any chance of success. Goodnight ...

Cable Update (GBPUSD)

It hit my day's target of 5294 so am flat for now. Still waiting for my weekly target though I set on Sunday.

Cable Update (GBPUSD)

Greek stocks down 8% for the day.

Cable Update (GBPUSD)

GJ over 300

Cable Update (GBPUSD)

One of the rating agencies will break rank today and make a statement of Spain too, they need to cover their @rse after the subprime fiasco. Mark my words, now is the perfect timing; euro in the bottom of the day and London closed. Greece 2 yr up to ...

Cable Update (GBPUSD)

Hit, did not trade it though got out earlier, still nice to see.

Cable Update (GBPUSD)

No surpirse then.

Cable Update (GBPUSD)

232 is not going to hold it.

Cable Update (GBPUSD)

That's been climbing the same narrow channel since yesterday morning.

Cable Update (GBPUSD)

And of course everyone here has learned their lesson and stand by with no positions waiting for the breakout to confirm direction and a trade setup. Snifff, is that smelly fingers I smell gone rancid? The range is getting narrower, it was 5321-5352 ...

Cable Update (GBPUSD)

Ah the smelly finger brigade is well presented this afternoon.

Cable Update (GBPUSD)

An easier and outright better solution is for the weaker countries to leave the euro, go back to their original currency, devalue that and rejoin the euro at a more favourable rate for them without the rest of euroland to shoulder the debt at these ...

Cable Update (GBPUSD)

There is nothing in the PA now that keeps this from still touching my target of 5294. I am flat had a good morning.

Cable Update (GBPUSD)

Not likely. You may have to wait till well in the NY session.

Cable Update (GBPUSD)

As I said

Cable Update (GBPUSD)

London gives us about 80% of the daily run with 60% or so of that in the morning in general, having had this big run down I am just about done for today expecting it to range here for hours before a retrace materialises. CB could give us a little ...

Cable Update (GBPUSD)

Cable can move 3-400 pips a week so theoretically that could take 2 weeks, however the market is just holding on till election time next week a hung parliament will see cable drop, a clear conservative win will see cable go up. If the half cloggie ...

Cable Update (GBPUSD)

Not convinced we are going to reach this today, NY had no momentum on opening, am flat Cable too.

Cable Update (GBPUSD)

It took a couple of hours and got within a few pips. Am flat fibre now.

Cable Update (GBPUSD)