Eating sell limits now. SL's at 1.5241, TP at 1.45-1.43. Probably will eat the sl first though

Cable Update (GBPUSD)

Well it wasn't a big hit, was covered by NU shorts from the highs, just didn't expect that crap to move that high so quick Fall should be the same before the elections I believe.

Cable Update (GBPUSD)

You have to take manipulation and other factors in play even when news come completely negative. i.e. since yesterday the theme is that Greece and EU have already agreed terms on a new bailout, which keeps supporting EU & GU up despite their bad ...

Cable Update (GBPUSD)

If it doesn't stop at 1.5154(Weekly R1)-1.5164(FOMC), then next target is ~ 1.5210. I have added sell limits from 1.5150-1.5210, targeting 1.44-1.45 for early May. Had to close all yesterdays shorts due to strength, lost about 500 pips in all of ...

Cable Update (GBPUSD)

1.71>1.45 can't be called huge uptrend. But 1.45>1.51 is a good retrace in a downtrend. And unless it breaks 1.5550-1.58, I don't think you can call a trend change.

Cable Update (GBPUSD)

The higher now, the lower later.

Cable Update (GBPUSD)

I am failing miserably today Adding new short @ 1.503x now.

Cable Update (GBPUSD)

Ok now that we are clear from US news, the retail sales gonna play out. 1.492 first stop down.

Cable Update (GBPUSD)

You just reminded me I haven't paid my taxes for the past year Spider pattern should help me.

Cable Update (GBPUSD)

NU tarantula pattern. GU is similar only a tarzantula.

Cable Update (GBPUSD)

1.5014 is also the 55 dma. Don't know if it is important but from some bank reports I read they always take it into consideration when they say that a currency is trending. Failure to break it in the 4hr (next close in 1hr40min) might bring more ...

Cable Update (GBPUSD)

True, I am closer to having my bank write off my loan

EURUSD

Was watching AUD & NZD breaking their floors. Gives me strength to believe the muppet show in GU would end soon when they make everyone believe it will go up and break 1.51 today. Only oil & gold giving bad signals now against USD but I think they ...

Cable Update (GBPUSD)

Decision time, affects us here too. GU avg short now @1.5004, further stop sell @1.4970 and tp's as previous.

Cable Update (GBPUSD)

Maybe soon?

Cable Update (GBPUSD)

Just wait for Uchf to finish its retracement ~ @.9650. Then the drop would come. Shorted now @1.49998. Another sell stop @1.4970 & tp both @1.4834 or @1.4750.

Cable Update (GBPUSD)

Those supports shouldn't really matter with so bad news. But there is an E/G game again going on and as long as EU is artificially kept up and GU not going down faster I am hesitant to enter. At least the UK news helped AUD to drop again! ...

Cable Update (GBPUSD)

It's monthly pivot. Perhaps will act like EU sucking longs in small retraces then drop down dead. Plan is here for the week: url but now 1.45 seems a bit stretched.

Cable Update (GBPUSD)

Too slow going down gave enough opportunity for everyone to get on the short train in a good price. Smells fishy

Cable Update (GBPUSD)

Spain is running to surpass Greece in unemployment again. I guess after GRexit, comes SPAxit. EU would come down with a war, either by Jihadis against it or the usual suspect against the other members again.

EURUSD