Capital preservation is rule #1 in trading, all else will follow eventually. Long 53780

Cable Update (GBPUSD)

Am looking at another long scalp here.

Cable Update (GBPUSD)

There is nothing wrong with taking money of the table, I did exactly the same. Dow just dropped below 11000

Cable Update (GBPUSD)

All the financials are dropping because of the lawsuit by the SEC against GS. They claim that GS shorted CDS's that they were selling to clients knowing that the subprime mortgage market was on the brink of collapse. AIG is up because if they win ...

Cable Update (GBPUSD)

I refuse to give money back to the market. 30 mins 13 pips not a bad little trade for a bounce of a TL. She is starting to consolidate here and may give us another opportunity to go long, alternatively if the Dow continues to misbehave it could give ...

Cable Update (GBPUSD)

Or a pair of glasses????

Cable Update (GBPUSD)

Closed at 5393, quick long scalp (well, it was a 30 minute trade) waiting for PA to give me another long entry. One needs to be careful here.

Cable Update (GBPUSD)

Am closing my short on GS at 150, got a stop at 165. This may be the end of the bull rally on the Dow and SnP

Cable Update (GBPUSD)

Somebody has to be on the other end of your short trade, I might as well volunteer....

Cable Update (GBPUSD)

Draw a TL on H4, 53810 touched it to the pip and jumped off it like a wet cat of an electric fence.

Cable Update (GBPUSD)

Dow down 132, am shorting the sh!t out of the banks.

Cable Update (GBPUSD)

Already booked one at 53810

Cable Update (GBPUSD)

I agree. And the PA does not support a break of 538 here on a Friday. Fibre is at a crossroads too hovering right above 1.35 for the last couple of hours. At times like this I too surf the waves on M5 for a bit.

Cable Update (GBPUSD)

Keep your SL tight, 538 has been stubborn all week.

Cable Update (GBPUSD)

Good call, same here that pesky 538 has to go first before this downtrend has any validity. She may bounce right of this and head north again. Have a look at H4, the Ltl is holding.

Cable Update (GBPUSD)

Only 120 on cable a bit more on fibre and yen crosses, called both cable trades here, had the one overnight that hit TP a bit early and added a short on the retrace. May now play my M5 wave pattern on cable and fibre a bit in the weaning hours of ...

Cable Update (GBPUSD)

Out at 539, only 2 trades today on cable .

Cable Update (GBPUSD)

No I didn't sorry, I use GMT+1

Cable Update (GBPUSD)

Patience is paying off, back at BE. Still holding on to it.

Cable Update (GBPUSD)

I did a bit more research on this vulcano, below are two charts, the first one showing the ash cloud for today and the forecast till tomorrow, the second one via this link showing the forecast for the week; clearly showing that the High pressure ...

Cable Update (GBPUSD)