Unemployment news should be positive for the US as the first wave of census workers are showing up. I moved the stop to BE+ just in case.

Cable Update (GBPUSD)

Today is a good day in the room, plenty of people making calls with their reasoning without being jumped on by others with a different opinion. Junior traders are maturing and we are all enjoying ourselves. All are freely admitting mistakes and ...

Cable Update (GBPUSD)

51066

Cable Update (GBPUSD)

You got it, if neither goes this is a fake out and the bulls win. You need patience though, it may take a few stabs at it or bounce clean off it and reverse.

Cable Update (GBPUSD)

Put up the 25ma as your LTL on M15 watch the pa pierce it and as long as it stays below it we have a good indication of a bearish reversal.

Cable Update (GBPUSD)

We just had the first hit of obamarama's wealth care plan, Caterpillar announced that an increase of tax in their subsidy to their workers for medicine will cost them 100MM annually. Anyone who still thinks that SME's will not be affected by this ...

Cable Update (GBPUSD)

Aren't Ma's wonderful?

Cable Update (GBPUSD)

Am keeping a very tight leash on her though. 49244 is important as is the 25ma on M15, I want to see it pierced on the next candle. The 25ma was a LTL on M15.

Cable Update (GBPUSD)

Isn't it lovely how we all have different directions? I love FX and boards like these as we all have different reasons, TF's and charts to enter our trades and even trades in both directions can both be in profit depending on our TF's I am now with ...

Cable Update (GBPUSD)

Am out, keeping an eye on M15 and a new range formed as 4954-4981 and the PA is staying between 50 and 38.2 of the downmove. Need a solid close above/below either.

Cable Update (GBPUSD)

Isn't it funny how those signal providers can come up with two different patterns to justify both sides of a trade?

Cable Update (GBPUSD)

Aviation news: BA signing their merger deal today with Iberia, Highland bust, BA taken away the staff travel from strikers. Thomas Cook up, reporting greater sales on bookings for this summer.

Cable Update (GBPUSD)

I'm still in and pretty confident about the PA especially as the PA is still above the 25ma on M5, that will be my first indication of a possible reversal.

Cable Update (GBPUSD)

I don't see the rates going up, that will only increase the value of the dollar reducing exports and making it hard to finance the SME's. the EU may have to increase the rates here earlier because the spreads are widening so much.

Cable Update (GBPUSD)

Correct, pierced on the first attempt, rejected and is trying again.

Cable Update (GBPUSD)

7-yr Tbill auction today also. If that goes as bad as it did yesterday may give a further boost to cable. Next one to watch of course is the unemployment figures from the US

Cable Update (GBPUSD)

Trichet just announced that the ECB is now accepting B- bonds as collateral, reducing it from AA- last year.

Cable Update (GBPUSD)

I just read the sales report and the reason the February figure is so high, is because they lowered the figure for January by 1.2% so the real increase month on month is only 0.9 which is right on target. Buried in the bottom of the report it states ...

Cable Update (GBPUSD)

Our little flotilla is not going anywhere yet.

Cable Update (GBPUSD)

Yeah I took one at 56

Cable Update (GBPUSD)