Morning all.

Cable Update (GBPUSD)

No need to be confused with questions like that....

Cable Update (GBPUSD)

You are a fulltime trader with 5 years under your belt asking questions like this? Sure dude go short, we'll be at 52 within the hour...

Cable Update (GBPUSD)

Yup

Cable Update (GBPUSD)

Long 5370

Cable Update (GBPUSD)

No, I have 53463 as the max for this retrace.

Cable Update (GBPUSD)

I called a few pages ago that if she breaks 538 she will stop at 53463, am still counting on that. Am not too greedy for those last few pips.

Cable Update (GBPUSD)

Out at BE, all in all not a bad day today, lots of winners.

Cable Update (GBPUSD)

Out 5352

Cable Update (GBPUSD)

Short Cable 5385

Cable Update (GBPUSD)

If 538 goes on cable, 53463 is next. Not having much faith yet that 538 is going to give though. Am watching with anticipation from the stands.

Cable Update (GBPUSD)

5380 is the key here, I expect some messy PA around this level before she makes up her mind. Am on the sidelines, biased towards the long side. Fibre bounced of 3565 and have gone long.

Cable Update (GBPUSD)

3565 held on fibre M30, we are already down 126 pips, the law of averages says that there is not much room left on this retrace, gap may stay open here. Trichet changed his tune and now says bail out package is good for Greece.

Cable Update (GBPUSD)

Long fibre 3578

Cable Update (GBPUSD)

If 538 holds, this is still feasible. I am out at 538 on the sidelines.

Cable Update (GBPUSD)

This thing is all over the place closed at 5419, am flat on all now waiting to see what materialises here. fibre may have hit bottom for today, cable has soom room left in her.

Cable Update (GBPUSD)

Long 5428

Cable Update (GBPUSD)

90 is strong and we have just about reached the max for today in this retrace. We are down close to 100 pips from the high, only some news could move us further down I feel.

Cable Update (GBPUSD)

Closed 3585

Cable Update (GBPUSD)

Closed 5428

Cable Update (GBPUSD)