You can be banned for misuse of smileys, so you'd better watch out!

Cable Update (GBPUSD)

I kind of guessed that part, friend. Your comment did make me smile! GL

Cable Update (GBPUSD)

The Brits have a general desire for a weaker currency in order to support exports and make imports more expensive. That is common sense. However, the BOE know they must tread cautiously with their management of policy rates, as a desireable sell-off ...

Cable Update (GBPUSD)

Welcome back, dude!

Cable Update (GBPUSD)

Hahaha... Each to their own, Steelhead. I don't tell you how to trade and you don't tell me.... I mainly trade equities, the price movements of which, due to the length of time I hold, have far more to do with fundamentals than technicals. This is ...

Cable Update (GBPUSD)

Be careful trading the news

Cable Update (GBPUSD)

The current price of Cable reflects the likely path of UK interest rates, meaning the market is anticipating a minimum 50 basis point cut today, with a small probability of a bigger cut. The dire UK economic data from recent weeks/months forewarned ...

Cable Update (GBPUSD)

I was jealous of you having a semengly incompetent broker, one that gives off-market prices in your favour, that's all. Am short myself from 1.5240. Nice analysis earlier btw!

Cable Update (GBPUSD)

I doubt it very much. As FXlocal said earlier, it's more likely to be institutional position squaring ahead of tomorrow's decision, which triggered the short squeeze just seen, after key levels of resistance were taken out.

Cable Update (GBPUSD)

I can see high daily bid of only 1.5280. Which broker gave you that price?

Cable Update (GBPUSD)

MARKET TALK: Pound Rebounds Vs Euro Before BOE Rate Meeting News update 2009-01-07 16:03 1602 GMT [Dow Jones] The pound is benefiting Wednesday from some position squaring ahead of the BOE's rate decision a day later. It rebounds against the euro ...

Cable Update (GBPUSD)

But you've been saying go long continuously since August!!

Cable Update (GBPUSD)

Why? A rate cut is a done deal, the only unknown is the size, with current market expectations ranging from 50-100bps. It is likely the MPC will take the Bank rate to 1.5%. However, if the MPC shock the market by only cutting by 25bps, then sterling ...

Cable Update (GBPUSD)

Very impressive target, Mr Steelhead. Enjoy the rest of your vacation and "see" you in here next week. Happy new year.

Cable Update (GBPUSD)

Yes, that's pretty much how it works. Although with the sheer depth and size of the daily spot market for GBP/USD, and other majors, it is very difficult and far too risky a proposition for an individual broker to try and move the market by dumping ...

Cable Update (GBPUSD)

mainly thin volumes - end of day position squaring causing huge swings.

Cable Update (GBPUSD)

Made a hell of a lot more than you, but still far from being a good year. But who gives a **** other than me and possibly my family??? Your P&L is personal, my friend, and you shouldn't feel the need to prove your manhood by posting it on here for ...

Cable Update (GBPUSD)

I'll be doing a Steelhead at and around parroty, and start slowly building shorts. Fundamentally, I think the eurozone, and the euro, is in for an abrupt wake-up call in the coming weeks, possibly months, as the markets finally realise the Emperor's ...

Cable Update (GBPUSD)

just watch eurgbp on a chart, it is just itching to break 0.98... if and when this goes, the downside risks for cable could be immense.

Cable Update (GBPUSD)

Felt a bit nervous placing longs at that level, after price dropped immediately after execution, but 1.4460 should provide an obvious area where stops should be clustered. A re-test of 1.4460 area seems plausible before a bigger move up. Have taken ...

Cable Update (GBPUSD)