I agree and that's why I'm out for a while. As a wise man once said to me "don't try to pick bottoms, otherwise you'll get smelly fingers" As for the discussion over whether oil is leading dollar or vice versa, I think in recent days it has been oil ...

Cable Update (GBPUSD)

Very well articulated, as were all your other posts from today. I echo your surprise that the price of crude oil failed to spike on the news that Russia and Georgia are at war. It just shows which way the pendulum of sentiment is currently facing, ...

Cable Update (GBPUSD)

Yes, you're not wrong there

Cable Update (GBPUSD)

I am not disagreeing with your view on cable over the long-term. My point being that prices rarely, if ever, move in a straight line. And I also mention in my message the benefits of a stronger dollar to UK exporters. However, with respect, I think ...

Cable Update (GBPUSD)

No, the Eurozone is UK's biggest trading partner. The problems in the UK economy are not cheifly caused by the high GBP/USD rate, rather they are more connected with tighter credit conditions, deteriorating property market, rising inflation, ...

Cable Update (GBPUSD)

For what it's worth, I agree with you on this Infinity, in that I think it will go higher. I am not sure whether 2.00 will be reached next week though, as there will be heavy selling at 1.9920 area and again at 1.9960 (where I will start building ...

Cable Update (GBPUSD)

Of course, the power shortages would influence the price of gold. However, what do you honestly believe caused the spike in cable in the middle of March a) the potential meltdown of the US banking system or b) supply problems in SA gold production?? ...

Cable Update (GBPUSD)

I disagree. You may remember in March there was the small matter of the Bear Stearns rescue on March 17th. In the weeks leading up to this rescue, the market was plagued with rumours of the demise of Bear Stearns (when interbank players started to ...

Cable Update (GBPUSD)

Gold does not drive the dollar, it is the other way around. Gold depreciates in times of dollar stength and low risk aversion.

Cable Update (GBPUSD)

On a fundamental level, it's dollar positive economic data. On a technical level, the price of crude oil has dipped below it's 100-day SMAat $122, a critical level of support. The 200-day SMA is at the $110 level. Today's strength in the dollar is ...

Cable Update (GBPUSD)

depends if it's a call or put

Cable Update (GBPUSD)

It doesn't make any difference whether you trade the news or not, you have to be aware of upcoming economic data that could move the market. These data paint the picture on the outlook for the UK economy and give us a warning of possible changes in ...

Cable Update (GBPUSD)

Hahahahaha...... Your posts always make me smile Allserene. And that's a compliment coming from a soft-shandy/lemonade-in-your-beer-drinking-southerner!!!

Cable Update (GBPUSD)

What's your S/L? Personally, I'd play it with a tight stop just above 1.9960. But it's obviously your call. Price is currently sticking around this point, as it has done in recent trading sessions, which is the 200-day SMA. I think if 1.9960 is ...

Cable Update (GBPUSD)

It's too difficult to draw on anthing concrete for future analysis from the information given there. We need to know option type and whether a put or a call to determine where the writer (seller) of the option would be buying or selling spot in ...

Cable Update (GBPUSD)

Depends if it's a call or put option or an at-expiry barrier level on an option with different strike.

Cable Update (GBPUSD)

Well, I wish you continued success. I love hearing stories of ordinary guys making it in trading, as they happen so rarely.

Cable Update (GBPUSD)

I believe you, as it's a performance over only 3 months. But you have still performed excellently. Well done on a starting performance that far exceeds what I achieved. However, there is a grave danger from extrapolating the very brief performance ...

Cable Update (GBPUSD)

I take it all back and concede it is "easy" to make 25% compounded a month, a point which has been proved beyond doubt from the record you highlight on your personal account, which spans such a long time horizon.

Cable Update (GBPUSD)