Okay, we get the picture, friend. You're a millionaire and have made big, big money on forex....

Cable Update (GBPUSD)

You're assuming the positive daily P&L is constant, which is never the case in currency trading. Also, profits are relative to an individual's capital base, which is the yardstick they should be measured against.

Cable Update (GBPUSD)

Think he's going long it if breaks 1.50 this week, with a pending order at 1.5020

Cable Update (GBPUSD)

I see what you are saying, but there was a 500 pip drop on the Monday before the major support was taken out on the Tuesday morning... To be a truly successful trader (which I am not...yet ;-)!!), a knowledge of fundamentals, in addition to the ...

Cable Update (GBPUSD)

Hahahaha..... I'll have to make sure I don't trip myself up when you're on this forum!

Cable Update (GBPUSD)

Well, hopefully I can continue to benefit from the great tech analysis you post on here and you can get the same from some of my posts concerning the fundamentals. Cheers

Cable Update (GBPUSD)

Hi Vourvoul, It was on Mon 19th Jan, where Cable dropped by a 1,000 pips in 2 trading sessions.

Cable Update (GBPUSD)

Not unless one is trading long term, my dear JammerJams, then we trade on a fundamental basis with technicals used to support our entry and exit points, obviously employing extremely low levels of leverage. Even as a short term trader, one should ...

Cable Update (GBPUSD)

This is an incorrect explanation, whereas Ntoller's post is very accurate, as to why Cable strengthens when US data beats expectations.

Cable Update (GBPUSD)

Are you saying that you believe that 99.9% of 20-50 EMA crossovers are accurate? Irrespective of t/f, or the risk that the fast line quickly crosses back over the slow line. Hypothetically, would you enter on this signal to short, if spot had ...

Cable Update (GBPUSD)

Were you not concerned that you are selling after a near 450 pip daily drop? Did you not think there may be a better point to enter, with more favourable r/r ratio? Your trade may well turn out okay, but you should not be using a MACD crossover as a ...

Cable Update (GBPUSD)

Hi Jacko, Nice thread. I will certainly pop in from time to time. In response to your above post to the Cable thread earlier in the week, I posted this a few days ago. Since posting, it has been reported today that there is likely to be a radical ...

Jacko's Forex House of Pleasure and Pain

Friend, this sort of information is useless without the expiration date. Even with the expiration date, it shouldn't be taken too seriously,

Cable Update (GBPUSD)

both unlikely, esp the latter, without a turn in equities.

Cable Update (GBPUSD)

Expiring today? If so, they would have exercised/expired 15 minutes ago.

Cable Update (GBPUSD)

GDP and GDP Price Index are two different measures. Today's headline figure is the GDP change, which is -3.8%. GDP Price index represents the difference between nominal and real GDP.

Cable Update (GBPUSD)

use the equity markets to gauge the market's reaction to the data. 1.32 percentage points of GDP was due to inventories in the quarter, which partially offset weak spending. This build-up of inventories is likely to adversely affect GDP in the first ...

Cable Update (GBPUSD)

Equity markets are still unsure over how to interpret the data, so too early to gauge the unfolding levels of risk aversion. However, given the sharp sell-off of yesterday, I would expect some positive sentiment, even if it's only in the shape of a ...

Cable Update (GBPUSD)

A wise man...

Cable Update (GBPUSD)

Well done on your EURGBP short, friend! Very nice trade.

Cable Update (GBPUSD)