not saying to wait for now or to place a trade. just be aware of what's driving this latest move, that's all. don't just rely on charts and/or gut instinct, also consider the fundamental story surrounding the UK banks when you are planning any ...

Cable Update (GBPUSD)

Lloyds down 45% on the day...

Cable Update (GBPUSD)

Are you monitoring today's movements in UK financial stocks? If not, you definitely should be.

Cable Update (GBPUSD)

Lloyds Banking Group down 25% on the day, heance the latest drop in Cable in past few minutes. Guys, monitor UK financials (BARC, LLOY, RBS, HSBA) today in addition to your Cable charts.

Cable Update (GBPUSD)

He is a very entertaining guy though. I like his "hell, I'm the worst market timer" appraisal of his trading abilities....

Cable Update (GBPUSD)

FTSE is selling off, due to investors, once again, dumping financials... Concerns and uncertainty over financials are currently the main fundamental driver for this pair.

Cable Update (GBPUSD)

It's probably been mentioned already, but Mervyn King speaks tonight at 8.20 GMT. His recent addresses have caused huge moves to the downside in Cable. Tonight he will give details of the latest bank bailout package, meaning he will likely touch on ...

Cable Update (GBPUSD)

They will eventually come, of that there is no doubt, irrespective of what Jim says. As much as I love listening to his views, Jim was also bullish on the price of crude oil as it fell from $147 to $127, saying what a great buying opportunity this ...

Cable Update (GBPUSD)

In all seriousness, I think you make a valid point. There will be great value in UK commercial and residential property for foreign investors. Also, this latest move in sterling is positive for FTSE100 companies who derive a chunk of their earnings ...

Cable Update (GBPUSD)

You and me both, mate...

Cable Update (GBPUSD)

On that basis, it would've been a bad idea to short Cable after it fell from 2.0 to 1.9 in August (I foolishly thought so at the time, much to my cost), and a further bad idea to short it after it fell to 1.80.... Similarly, a bad idea to short the ...

Cable Update (GBPUSD)

Because London and rest of Europe has finished for the day and it's a US holiday.

Cable Update (GBPUSD)

I know. He starts a bloody story but fails to finish it! Very frustrating...

Cable Update (GBPUSD)

The UK government only got involved because RBS would otherwise be insolvent. It looks like this drama will culminate in a fully nationalised Lloyds and RBS, and a partially nationalised Barclays.

Cable Update (GBPUSD)

I done conversing with you, Prof Good luck

Cable Update (GBPUSD)

That makes absolutely no sense and sounds totally disingenuous on your part.

Cable Update (GBPUSD)

Then why bother with trades that hold a greater risk when you can purely trade using a system where it is impossible to lose? Why trade outside of this "unbeatable" system is my question?

Cable Update (GBPUSD)

Well said. It's impossible to have a system that never loses, as claimed by the Prof. You will end up winning 19 times out of 20, but on the 20th occasion you will literally lose your shirt. If that was the case, then why did he bother with the 2 ...

Cable Update (GBPUSD)

He'll tell you retrospectively, after he's made another 2% on a trade he never published on this forum!

Cable Update (GBPUSD)