No market can be beaten mathematically, my friend. That is a total fallacy and shows a degree of naivety on your part. That statement ignores the random nature of the markets. This randomness can never be beaten 100% of the time, as it cannot be ...

Cable Update (GBPUSD)

Well said!

Cable Update (GBPUSD)

Well, I've made so much money while you were typing your post Allserene, you would not believe. In fact, I get bored trading my 99.99% system and continuously taking money fom other participant in forex. There has to be more to life than just me ...

Cable Update (GBPUSD)

Life's tough, Allserene. I feel for you!

Cable Update (GBPUSD)

The illiquidity still has a long way to run, as the deleveraging is far from complete (look at the mess the financials are still in, as they remain weighed down with toxic assets - both in the eurozone, UK and the US) and will continue in its ...

Cable Update (GBPUSD)

Agree with the wise words from Al, trade tiny lot sizes and earn the right to move to slightly bigger sizes. Also, go and complete the classes on babypips.com, look at EO's trading blog, become well-versed in the fundamentals and how they can move ...

Cable Update (GBPUSD)

Agree with you on this one, in that nobody has to pay for any of your trading calls. If they choose to do so, then it is at their own risk. That is why I am far from offended by you posting on this forum. We are all adults, after all. Buyer beware.

Cable Update (GBPUSD)

Yes, normally this is correct. However, over the past month or so, the reverse has been true and EURGBP has often been driving Cable. For instance, EURGBP went from 0.82 to 0.98 in under a month, as the market was focused on pushing the pair to new ...

Cable Update (GBPUSD)

You too, friend. Cheers... Waiting for a clean break before making my next move.

Cable Update (GBPUSD)

My friend, a weaker currency pleases me, as it could help the economy through the worst effects of the downturn. I don't view a strong currency as a sign of national virility. p.s. Bernanke's not a very popular man on your side of the pond!

Cable Update (GBPUSD)

No, 75bps was generally expected last time, particularly in the days leading up to decision, as economic data worsened. You are right that 50bps was talked about as likely for a time. btw... your over-use of the smiley is quite something

Cable Update (GBPUSD)

That will likely shock the market in a big way. However, the consensus is for a 50 bps cut. We shall see. They should cut by 1%, in my opinion, but the ECB prefers the slow and steady method, electing not to shock the market.

Cable Update (GBPUSD)

No, you're wrong. Trade Entry = $60 cost (50% of 4 pip spread on 3 standard lot trade) Trade Exit 1 = $20 cost (50% of 4 pip spread on 1 standard lot closed) Trade Exit 2 = $20 cost (50% of 4 pip spread on 1 standard lot closed) Trade Exit 3 = $20 ...

Cable Update (GBPUSD)

I'd be shocked at anything other than 50bps. In fact, I think a 25bp cut is more likely than 75bp. The ECB hinted only a few weeks ago that they woudn't cut rates in January (wishful thinking), so they will have large amounts of egg on their faces ...

Cable Update (GBPUSD)

Got me there, I'm a Brit and am bloody pissed off that the attempt to muscle cable didn't work. Definitely not going to stand for this!!! p.s. British traders don't have a loyalty to only going long their currency

Cable Update (GBPUSD)

It's simply locking in gains, that's all. A prudent method of trading.

Cable Update (GBPUSD)

or a death from a thousand cuts (for those who went long at the top).... certainly not a speeding train though, you're right just logged on to check on my long and see that i am very slightly in the green - enough for a morning coffee tomorrow and ...

Cable Update (GBPUSD)

Also got googley eyes from being at screen for too long.... A cold beer beckons for me. See you guys

Cable Update (GBPUSD)

Hahaha.... you can spare a coffee for me now! I'm long @ 1.4505

Cable Update (GBPUSD)

Think he said something about being busy moving house

Cable Update (GBPUSD)