So you have been long for the past fortnight, since making that call? Just kidding ya Steelhead! Your actual technical analysis is concise, straight-forward and mostly v.good. It's just the lack of humility and honesty from some on here that ...

Cable Update (GBPUSD)

Cool, so long as Steelhead and myself get the credit that's due!

Cable Update (GBPUSD)

Can I also take some credit for spotting this upmove before anyone else. In fact, back in August I predicted cable would climb and retrace lost ground. The fact that it's first fallen 4000 pips since that call should be irrelevant. Even the speaking ...

Cable Update (GBPUSD)

depends on equities, in my opinion. US equity futures have some of their earlier gains, as has the price of crude.

Cable Update (GBPUSD)

Agree 100%

Cable Update (GBPUSD)

If, and that's an incredibly huge "if", they introduce the amero, it won't happen within the next decade. The US cannot risk further destabilising the confidence in the dollar, as the consequences of their creditors dumping Treasuries or refusing to ...

Cable Update (GBPUSD)

Look at the vicious downtrend in crude oil over the past few months, where it has gone from $147 to under $50 a barrel. I think it is unwise to say "oil cant break through $47". The price of crude has been tightly correlated to the S&P 500 in recent ...

Cable Update (GBPUSD)

Correct, it mainly goes to dollars, but also yen - which was the funding currency of many long commodity positions.

Cable Update (GBPUSD)

With all due respect, are you crazy? And, do you know what you are talking about? What will the complaint be based upon? A 40 pip climb from a key support line? How is that the fault of your broker? Reuters D2 and EBS are showing the same movement, ...

Cable Update (GBPUSD)

Let us know how you get on!

Cable Update (GBPUSD)

there's early trading in New Zealand at this time on Sunday

Cable Update (GBPUSD)

For what it's worth, that's brilliant going Infinity! I managed 220 pips today, making back all the stupid losses from yesterday, so feeling happy going into the weekend. Good weekend all!

Cable Update (GBPUSD)

But without any reference to the price or the timing when the call was made, how can you say he was right? He was saying to go long when the price was 500 pips higher, which was his perogative. However, I am glad that he made some money on a short, ...

Cable Update (GBPUSD)

Just closed out my losing position. Missed the short train and jumped on at stupid level, which is obvious in hindsight (always is). Also, I kept trade open for too long, using a vague mental stop. My stupid mistake. I'm not trading any more today ...

Cable Update (GBPUSD)

Exactly. Given the sheer incredible size and liquidity of GBPUSD as an asset class, there are only very few players (major banks) who are big enough to move GBPUSD. If we were talking about an obscure EM currency pair, such as EURISK, then ...

Cable Update (GBPUSD)

Why does it have to be manipulation? Please explain. Sterling has been heavily sold mainly due to ultra-dovish comments from Mervyn King, who predicted an annual economic contraction of 2% for the whole of 2009. Prior to this week, the market was ...

Cable Update (GBPUSD)

Then you're trading with 10 times leverage, as your GBP exposure is roughly £15k

Cable Update (GBPUSD)

sexier word for leverage!

Cable Update (GBPUSD)