On the sidelines right now and waiting until CPI is announced. I am liking the GBP/USD pullback (and the pause in the USD/JPY), but I'm watching, not trading, right now. BOC is also up today. May add the USD/CAD, as it has returned to an important ...

Cable Update (GBPUSD)

I closed my G$ trade at 1.2958, and will wait for a new entry after a pullback. Good trading everyone.

Cable Update (GBPUSD)

Yes, Peter, that is what everyone assumes when you say 5%. It also makes you a massive liar. Since you lack common sense, consider this: name one organization or trader, anywhere on earth and at any time in history, who earned 5% of their account ...

PeterCaleb strategy & wisdom & success

Trade is still running, and has moved past target at 1.2950. I've moved my stop to 1.2934. Watching closely. Next target is now 1.2994, and not sure I have given it enough room to get there. Might punch out soon and then wait for a pullback to get ...

Cable Update (GBPUSD)

I think Peter's contribution today -- nothing -- is exactly what I had assumed we'd get. we got exactly what we would have received had he been posting today. Nothing. He has no analysis to share and no trade ideas to present. So, the participants ...

Cable Update (GBPUSD)

I posted several times this morning that I was waiting for a lower price on the GBP/USD, before entering a trade that continued the recent up trend. PA presented an opportunity a few hours ago that offered an established support (at around 1,2890), ...

Cable Update (GBPUSD)

Peter, still waiting for something that resemble a trade or some analysis of the GBP/USD. How did you get your 5% today?

Cable Update (GBPUSD)

Glad to hear that. I am here to learn from everyone here, so I'm open for discussion about trading the GBP, but sometime after the trading session. Hope you all are trading well and cautiously today. I am out of that yen trade at zero pips. Still ...

Cable Update (GBPUSD)

I can't speak for Peter, but I would never do that. Edit: I am showing analysis and trades, with as much discussion as I can add, and as contemporaneous as I can. I am not here to prove anything to anyone, nor am I calling trades. I'm not here to ...

Cable Update (GBPUSD)

My technicals are out of sync with the current trends (up for the GBP and down for the yen). I am standing down until techs get back in line with fundamentals. US equity futures are up and the yield on the 10 year is down. We may see things improve ...

Cable Update (GBPUSD)

Update: yen trades are both closed. Was up 18 pips on trade 2 but exited both at 140.42. GBP trade 1 is still closed, and waiting for a better entry for a trade 2, perhaps around 1.2895.

Cable Update (GBPUSD)

I have a setup at 1.2918'ish, but I'll skip it for a lower entry if it arrives.

Cable Update (GBPUSD)

Holding on trade 2, trying to recalculate best entry price now. Edit: Stop hit at 1.2912 on open G$ trade, entry price was 1.2843. New entry price is 1.2895. Edit2: in the yen at 140.42 for trade 2; trade 1 is at 141.69. No more yen updates

Cable Update (GBPUSD)

Here is an updated chart (4H). My long B$ position is still running and I've moved the stop to 1.2912. Would like to get at least one more trade in before it hits next target at 1.2960. I am also trading the USD/JPY this morning, with one trade ...

Cable Update (GBPUSD)

Keep an eye on the Cable Update (GBPUSD) thread. Peter is going to explain how he gets 5% each day (something beyond, "find 10 instruments that will move .5% each day"). I'm sure that since he is a real person and can talk about real things (like ...

PeterCaleb strategy & wisdom & success

It probably goes without saying but, while the focus of this thread is GBP, the JPY has been another mover today and this evening. I still have positions open in both the GBP/USD and JPY/USD, moving stops to protect profits (1.2855 and 140.95, ...

Cable Update (GBPUSD)

I'm still hopeful that tomorrow, PeterCaleb will show up to post some GBP/USD analysis and charts. I am anxious to see how he gets to 5% every day. I'll try to post pre- and post-trade analysis tomorrow. No promises, but will try. Trade well people!

Cable Update (GBPUSD)

Quick summary chart from today, Previous posts today could have been more contemporaneous, but it was a busy morning and that was as good as I could do. The anticipated retrace happened (maybe not as deep as I had hoped, but it was tradable), and ...

Cable Update (GBPUSD)

This was my first trading day with this thread. I didn't do a very good job with entering contemporaries trade information. Sorry about that. I will try to get ahead of trades from here going forward. As you guys know, trading and trade reporting ...

Cable Update (GBPUSD)

Second buy trade on G$ is in at 1.2788. Target now is 1.2818. Edit: Moved stop to 1.2803 on both trades. Edit2: Stop moved to 1.2808 as BOE Baily starts his speech. Target is still 1.2818 and is close. Edit3: Target hit at 1.2818. Both buy trades ...

Cable Update (GBPUSD)