Short 49810, initial target 49620

Cable Update (GBPUSD)

I agree, she is topping out and heading back down. S1 holding

Cable Update (GBPUSD)

Elke dag weer anders...

Cable Update (GBPUSD)

Yup, my short trade did not work out, riding the wave up to see where my short plan will work later.

Cable Update (GBPUSD)

Slowly getting back to 4928, game play still on

Cable Update (GBPUSD)

4975 now tested, if that holds back to 4928

Cable Update (GBPUSD)

Stop hunting, DJIA futures dropped further

Cable Update (GBPUSD)

I trade on short TF's and long TF's, the view of the world combined with a technical analysis is crucial to long term trading. Why would I wait for the market to price economic news in when I can front run it based on a long term outlook. Even on ...

Cable Update (GBPUSD)

Today's trade balance sharp increase was not priced in the market. With the dow futures dropping in early trading we may see a bounce in USD once NY opens, leading to a further weakening in the pound. We may well see a close below 49 today. If you ...

Cable Update (GBPUSD)

Of course the direct effect of QE as an option to finance public debt, (about the only option left) will result in a further fall in the pound. I cannot think of any scenario that will increase the value of the pound in the near future. The UK ...

Cable Update (GBPUSD)

A widening of the trade deficit is usually a precursor to interest rate lowering to stimulate domestic borrowing and therefor the increase of GDP. The UK is now in a predicament, the trade deficit widened on a fall in the value of the pound, couple ...

Cable Update (GBPUSD)

The levels I am keeping my eye on are: 4928, 4853 and 4782 Upside resistances for me are: 4975, 4992 and 5027

Cable Update (GBPUSD)

The pound is not going to go up based on that news. There will be a rebalancing to safety ie USD in my opinion. A decrease in trade balance tends to indicate an overvaluation of the underlying currency. I am short @4951

Cable Update (GBPUSD)

The UK posted an awful trade balance. Even the weaker pound could not help it.

Cable Update (GBPUSD)

Yeah I got 3622 too, followed by 3604

EURUSD

She is leveling off nicely, adding to my shorts, getting ready for the ride down. All aboard? pigs in the back please. got to keep them downwind

EURUSD

Good enough reason for me, short 3629. This is my new indicator for the year, do exactly the opposite of what is spouted here.... Actually to add to the debate here, the 150ma is holding her down on the H4 and the 365ma is holding on the H1, coupled ...

EURUSD

Chrystal balls are about as useful as chocolate teacups.

Cable Update (GBPUSD)

When I scale in, I tend to do it with the market's money and put a SL on the existing trade once in profit, rinse and repeat. That way you are trading with other people's cash....

Cable Update (GBPUSD)

Hope you are long though, too many guys in the last few pages on the wrong side of this one.

Cable Update (GBPUSD)