you're on fine form today, Al

Cable Update (GBPUSD)

As usual, some very well made points. It depends on your time horizon, in my opinion, as to the importance of fundamentals. For example, if you are trading leverage and are normally holding trades for less than a few days, sometimes only minutes or ...

Cable Update (GBPUSD)

personally, i would say long, judging by the so-far relatively mute post-NFP reaction from the equity markets. although i would first like to see a test of 1.45. i am going to wait for an hour after Wall Street opens and look at the charts afresh, ...

Cable Update (GBPUSD)

exactly. it should be of no real surprise.

Cable Update (GBPUSD)

Come on man, it's quite a familiar pattern in the markets over the past few months, as and when worse than expected economic data is released. Dollar gains due to paring back of riskier overseas assets (repatriation of funds), further deleveraging, ...

Cable Update (GBPUSD)

Very true, my friend. That is why I specifically used the word "initial". Good luck!

Cable Update (GBPUSD)

Market was largely expecting 100bps. After the Riksbank's large cut this morning, there was some talk of a larger cut, yes, but this was mainly talk, with short sterling future contracts moving only a few basis points. But the consensus expectation ...

Cable Update (GBPUSD)

yep, i also think the pair could stage a strong rally very soon, due to being so oversold. in the longer term, once risk appetite starts to return (prob Q2 2009), I think the dollar will resume it's long term depreciation against its trading ...

Cable Update (GBPUSD)

I think cable could initially rally should the rate cut be either in line or greater than expectations. This was how price action played out after last month's bigger than expected cut, with the markets rewarding the pro-active BOE. Conversely, I ...

Cable Update (GBPUSD)

ordinarily, i would expect USD to sink on terrible NFP data. but such bad data has, of late, caused the dollar (and yen) to appreciate, due to heightened risk aversion etc...

Cable Update (GBPUSD)

think they will stop cutting when rates go as low as 1% and then embark on more quantitative easing measures, similar to the Fed's recent stance ie) buying mortgage backed securities, commercial paper and corporate debt, in order to lower long term ...

Cable Update (GBPUSD)

You're a brave individual!! With that kind of leverage, your account would be blown with a 0.2% adverse movement in price.

Cable Update (GBPUSD)

Nice one Navin! You closing before MPC decision? I took small 20 pip scalp on short this morning, but am flat now. I think cable could initially rally should the rate cut be either in line or greater than expectations. This was how price action ...

Cable Update (GBPUSD)

they do sound like a useless broker, as i have heard many complain about shit execution from Crown, which is something that infuriates me no end. but you can get brokers with tighter spreads and faster and more reliable executions. it needn't be an ...

Cable Update (GBPUSD)

my friend, that's useless; paying 20 pips from a 100 pip win, when you could be paying only 4 pips with another broker. that's common sense on a trader's part, wanting more in his pocket rather than that of a greedy broker, who are making free ...

Cable Update (GBPUSD)

are you serious? the spread is vital. if you place 500 trades a year, irrespective of whether they are winning positions or not, you are giving away 1,500 pips ($15k with standard lots) on a 3 pip spread. however, with a 5 pip spread, you are ...

Cable Update (GBPUSD)

Hi Micho, check out Cantor Index, if you've not done so already. they are a spread betting firm based in the UK. take a look on their website and see if they accept clients based in Lebanon. the downside is the poor charting and limited range of ...

Cable Update (GBPUSD)

Steelhead, me ole china! Wasn't having a pop at you there squire... Chill out and go for a hike, shoot some stuff for the winter, look at naked pictures of Sarah Palin, or something. I have not been trading cable this week, but have instead ...

Cable Update (GBPUSD)

It's perhaps the way you say things, Steelhead, that people have a problem with. "navin's moronic short entries" is not constructive criticism, is it? You often trade counter-trend, in order to capture large swings in price, and would bite back ...

Cable Update (GBPUSD)

no issues from this side of the pond, bro... aside from the cold, grey and wet weather, imcompetent politicians, price of beer and entering the worst economic downturn in nearly 30 years.... hahaha.... seriously, life is great, i just like to moan a ...

Cable Update (GBPUSD)