Take with a pinch of salt? — Weekend opinion polls will be watched very closely and Sterling will be more vulnerable to government-debt fears if there is increased speculation over an indecisive election result. Given high uncertainty, buyers ...

Cable Update (GBPUSD)

I know I'll regret it, but I've binned my short trigger at 15330. Wasnt comfortable with the short I did yesterday that blew up. Dont feel overly optimistic about this one, may move it down to 15320 though.

Cable Update (GBPUSD)

Or is it a trap?! I've put a short on at 530 just to be safe though EDIT: The noisy charts I like to look at in times like this show it flattening and coming back up EDIT2: Ignore that, it was a little uptrace, stupid noisy charts

Cable Update (GBPUSD)

I only had a small value trades on at 15375 just to test the waters. Was tempted by a bigger one, but left it, and as usual, would have played out

Cable Update (GBPUSD)

Something just happened, but not up (yet)

Cable Update (GBPUSD)

Just shorting or going long too? I've done a couple of 10 pips from 5375 ish down but not up, yet

Cable Update (GBPUSD)

15380 is proving tough today. Thought that last break was going to stick above 15375 but we're back hovering below. Seem to remember this scenario playing yesterday a few times at 5250 and 5275. Hmm, maybe a quick long at 15390 for a few pips should ...

Cable Update (GBPUSD)

And I'm nooB (2 O's, although one is appropriate sometimes!)

Cable Update (GBPUSD)

Does anyone cover both scenarios or is that bad practice? i.e. setup for some longs and some shorts at critical levels, but with enough of a gap in the middle for the SL's, or even for the short to take over the long or vice versa? I've a small ...

Cable Update (GBPUSD)

I glance there too, they seem to think 15453 will be the top, but others suggest a lot higher. I'm a rank noob, but to my mind, the pending election in a few weeks and the usual doom and gloom mongers who mention a double dip along with Greece might ...

Cable Update (GBPUSD)

Wouldnt a break to 5390 confirm a move upwards though? I thought all the resistance was 5380-5385? OK, it could touch 5390 and drop, like we touched 5325 ish and dropped, then shot up again. OR are you just playing an averaging up shorting strategy?

Cable Update (GBPUSD)

I was looking at the historical charts last night and thought a stretch late Jan and mid Feb looked similar. I think our charts are a bit messed thanks to the bank holidays this last week, but I am glad someone else has pointed it out.

Cable Update (GBPUSD)

My hindsight vision is kicking me for not doing a long in the early hours around 5275, ah well...

Cable Update (GBPUSD)

Must admit, I'm feeling cynical today and thinking all these rises are more about inflating the price of oil than anything else! That said, I also am tempted to put in a small short in about 15310, and add to it if things go up. That said, if we ...

Cable Update (GBPUSD)

Looks a good call so far, especially as 527 has shown a lot of strength in the past 12 hours (much to the dismay of us shorters from yesterday!).

Cable Update (GBPUSD)

Anyone been brave enough to stick anything to kick in at 15325+? I had one at 15315 a few days ago I was lucky enough to see get activated then drop like a stone

Cable Update (GBPUSD)

I'd set a very small long up at 15305 yesterday, it got triggered after midnight (just touched it). Saw it drop from there but left it and put a limit of 15307 on, and have just come back to see it disappear. 15300+ twice in 7 hours. That a fake out ...

Cable Update (GBPUSD)

There was a quick spike to 5287 yesterday, that's what you based it on? Hmmm, thing just bounced off the 150ema on the 1M chart again at 15273.

Cable Update (GBPUSD)

With the looming election and all the other stuff going on with Greece, etc, you'd THINK we'd be going down. Lets see if we manage to stay below 5280, which as I type doesnt look good....

Cable Update (GBPUSD)

Holy crap, there is a fight going on, looks like red MAY win.... Rather, MAY win this round. Hmmm, cutting losses time?

Cable Update (GBPUSD)