One for sure is if PPI is positive or above expection, expect GU to make a big retracement going down to 1.9450. The big traders out there set this huge uptrend at the opening of London for them to make the retracement after the PPI news later.

Cable Update (GBPUSD)

Nice one. Are you trading with real account? How much did you profit in today's crazy uptrend? I tried to retrace when it reaches 1.9605 but got busted on my SL 1.9654, well I lost a little of my funds

Cable Update (GBPUSD)

That's for the Gold and USD/CHF.

Cable Update (GBPUSD)

Does anyone know what triggered the buying of GBP? I searched bloomberg, FXCM, and other sites but found none.

Cable Update (GBPUSD)

I guess Im' done tonight (Manila time), movements are so slow. I will wait for the PPI instead tomorrow and from that we'll see some big moves.

Cable Update (GBPUSD)

Wow that's a cool scenario. Will make a limit order before BOE make's its decision this morning.

GBPUSD

I will wait for the U.S. news later at 8:15 EST, from then will SELL G/U.

Cable Update (GBPUSD)

Hi aswilled, As your statement says it all about profiting huge amounts, what system are you using? Can you teach us novices on how to trade and timeframe to achieve what you have done? Thanks,

Microtrading the 1 minute chart

The BOE rate decision is due tomorrow Thursday @ 8AM EST and not today mr. thatlynq, and also EU rate is Thursday also 8:45 EST.

Cable Update (GBPUSD)

Same as mine.

Cable Update (GBPUSD)

I try to make some small pips this morning Manila time. Sell G/U @ 1.9720 , T/P 1.9680, S/L 1.950. Let's see what happens before London opens today.

Cable Update (GBPUSD)

I think a lot of Japanese investors put their reserves on the yen instantly when they heard the news.

What sparked today's (12/5) JPY strength ?

I agree because when G/U is still at 1.9100 many say that they're overbought, but look at now where the rate is, and this might be called mega-overbought?

Cable Update (GBPUSD)

Read this http://bloomberg.com/apps/news?pid=20601080&sid=a1zCspvuh8Lk&refer=asia and you'll see why that sudden move.

What sparked today's (12/5) JPY strength ?

There's a huge selling right now, and it's a perfect time to buy and go long.

Cable Update (GBPUSD)

Eventhough the news for Euro and Pound is positive, we can see some selling right now preparing for the ISM tonight (11:00PM Manila time)

Cable Update (GBPUSD)

You can watch Bloomberg here http://www.bloomberg.com/tvradio/tv/

Cable Update (GBPUSD)

News is positive for cable but will wait for the ISM later at 10:00 EST for the GU to make a big move. As of now I think we'll some ups and down momentarilty.

Cable Update (GBPUSD)

I will try to make a long from here and S/L @ 1.9700

Cable Update (GBPUSD)

It's making a push now down to 1.9737. I think I'm gonna sit for now and wait for the news to come in later at 4:30 EST.

Cable Update (GBPUSD)