Put up a fib from 5367 to 5433 and you can keep an eye on the retrace. 5405 is the 50 fib

Cable Update (GBPUSD)

However, this does not mean that there is no further room left to the upside, I was just happy to take my profit and this was a logical place. This was also the third opportunity to take my profits and I did not want to tempt faith.

Cable Update (GBPUSD)

This morning move up retraced to 38.2 fib earlier and this is the 38.2 fib extension, logical exit. I was close to getting out at BE earlier and am glad I held on to it.

Cable Update (GBPUSD)

What happened to your TP of 531? You just jumpin in and out of the rapids trying to find a flow then. Guess your insider was telling porkies. Ah well, on my iggy list you go, you will be in good company.

Cable Update (GBPUSD)

Closed 5426

Cable Update (GBPUSD)

You should be getting close to your margin call about now.

Cable Update (GBPUSD)

The market answered the question for you. As it always does. Reckon you should be just about at BE here.

Cable Update (GBPUSD)

That will be just about the only thing that is going to save his short here.

Cable Update (GBPUSD)

Gold back over 1150, our fearless rooky is going to see his account blown very publicly here shortly. Guess that phone call from GS was telling porkies.

Cable Update (GBPUSD)

538 has been in play for a month here forming either support or resistance, taking a trade on H4 without proper confirmed direction is just catching falling knives with your d!ck hanging out. Ah well, just my humble opinion. Of course don't mind ...

Cable Update (GBPUSD)

He may get lucky, the DP is holding and M30 hasn't closed above 5392 yet. It can all change here in the next 15-30 minutes or so, what a glorious way to blow your account.

Cable Update (GBPUSD)

That is some serious risk for the size of your account. I hope it is demo if not go find the number for GA in the yellow pages. $30 a pip on a $2800 account, hmmmm

Cable Update (GBPUSD)

If you are on the right side of the news spike there is nothing wrong with booking your profit and wait to see where the market takes us.

Cable Update (GBPUSD)

Glance over the link I included in my post, the report is 31 pages long and takes a bit of time to digest, that is the main reason you don't see an effect immediately. The initial kneejerk is buying on a good headline figure and once digested you ...

Cable Update (GBPUSD)

Don't just look at the headline figure, non EU deficit actually grew so a weaker Sterling is not helping, if you take out the weakening of the Sterling even the headline figure went down. Also the services deficit grew and the price of capital ...

Cable Update (GBPUSD)

OK, that was 538, trade balance slightly worse. Will be looking for shorts shortly

Cable Update (GBPUSD)

Let's see if the news is going to give us some whipsaws

Cable Update (GBPUSD)

Here comes the bounce, eyes on 538

Cable Update (GBPUSD)

53463 will see a bounce to the upside first, unless the news drives her down in 30

Cable Update (GBPUSD)

I trade the 1hour tf... And with respect to the Lower time frames. I used the Lower tf (15mins) to enter trade and 1 hour to monitor Trend. "Long Term Trader"[/quote] Well, based on the H1 the LTL has given way and the trend has reversed. I am ...

Cable Update (GBPUSD)