He also makes exceedingly good cakes

Cable Update (GBPUSD)

You can buy yourself plenty of coffees of late, my friend! Your next home run will be just around the corner, I'm sure

Cable Update (GBPUSD)

It's more than just another number. Fibonacci numbers, and ratios, play a huge role in the technicals (and the world around us). 0.618 is known as the "golden mean", that is why 62 ema is often obeyed.

Cable Update (GBPUSD)

think Fibonacci and the "golden mean"

Cable Update (GBPUSD)

It can be both support and then resistance as spot breaks through, given it's a key fib area.

Cable Update (GBPUSD)

This could be positive for Cable if it continues to play out.

Cable Update (GBPUSD)

Hmmm... I used the emperor analogy only the other week to describe the rise of the euro. Great minds and all that... Indeed, interesting times. It's a great time to be a trader though!

Cable Update (GBPUSD)

But the positive effects of exchange rate adjustments, and cuts to policy rates, only occur with a time lag. Inded, the MPC intimated as much in their statement accompanying January's decision, that the weaker sterling would likely have a positive ...

Cable Update (GBPUSD)

The BOE is not, in my opinion, in a state of denial about the severity of the downturn. It must be understood they have to be mindful of the effect on sterling in the currency markets from excessive rate cuts, as the UK has a growing mountain of ...

Cable Update (GBPUSD)

But so is the US economy, the eurozone, emerging markets.... Reading something somewhere doesn't somehow validate it as a possibility.

Cable Update (GBPUSD)

Fundamentally, it would not surprise me to see this level taken out and Cable to hit new multi-year lows, although perhaps not in this wave down, given the substantial fall witnessed since Friday. The data this morning regarding the widening trade ...

Cable Update (GBPUSD)

[quote=Si Tr4d3r;2461837] Si Tr4d3r, Not having a pop at you personally, friend. From the experiences relayed in your post, additional advice would be to use a mental stop loss (but obey it rigorously) if the position is intra-day. As for the stupid ...

Cable Update (GBPUSD)

Firstly, a 3 pip spread isn't bad for cable, particularly in the current illiquid market. I personally know a few interbank traders in London, and 3 pips or more between these interbank dealers hasn't been that unusual in recent months, seriously. ...

Cable Update (GBPUSD)

Cantor Index. 1 pip spread - eurusd, 2 pip - gbpusd, 1 pip - eurgbp, Fast execution. Orders filled nearly always without slippage, aside from occasionally on major news event, which is to be expected and is part and parcel of the market we trade. ...

Cable Update (GBPUSD)

They're not manipulating manually, my friend. IG are a market leader in the UK and the risk to their reputation through falsifying prices would be too great. And if they are, open different accounts with two other brokers, find out when they do ...

Cable Update (GBPUSD)

That part is probably bullshit, purely sour grapes from a trader who wants to blame someone else for his/her losses. Good weekend all!

Cable Update (GBPUSD)

fair enough mate. you seem to know what you're doing. i got burnt myself on NFP when i started trading forex, when price initially gapped 70 pips past my stop - meaning my loss was far greater than budget - only to move in the direction of my trade ...

Cable Update (GBPUSD)

but if price gaps up when data is released, your stop will be filled at much higher level. hope it works out - not trying to tell you how to trade. good luck

Cable Update (GBPUSD)

be careful man. 5400 could be taken out within minutes of NFP, then subesequently fly south, via a vicious whipsaw. there will be clearer entry points later today, after job numbers, me thinks. if not, i'm out until Monday.

Cable Update (GBPUSD)

There's no need to constantly be in a trade. Think there will be better opportunities later this afternoon.

Cable Update (GBPUSD)