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el_duende replied Oct 7, 2016Cheers mate, its not the money loss that bothers me its the state of play in forex atm and how it has transformed over time. I also worry about global finance markets and there is going to be one hell of a worldwide resession coming. Worrying times.
Cable Update (GBPUSD)
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el_duende replied Oct 7, 2016I agree, the cynic in me says BOE would have been aware of these US banks actions and chose to let it play out, mutual benefit to each other

Cable Update (GBPUSD)
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el_duende replied Oct 7, 2016Forex used to be alot simpler 5 - 10 years ago. I am very worried that this manipulation by banks will increase as the global financial climate gets worse. Its very easy to say it was a rogue algorythm and get away with it or it was algorythms just ...
Cable Update (GBPUSD)
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el_duende replied Oct 6, 2016Some brokers may have gone under with that move if they had too many longs on their books.
Cable Update (GBPUSD)
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el_duende replied Oct 6, 2016This is a big bank/fund that caused the crash playing on weakness of the GBP. Will have caught many big boys out too.
Cable Update (GBPUSD)
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el_duende replied Oct 6, 2016Scary how markets can be manipulated to this degree out of hours. Sadly I just lost £5k my long orders got filled by my broker but my stops didnt action til much later on way past what they were set at
Even with stops in place I suspect many ...Cable Update (GBPUSD)
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el_duende commented Oct 6, 2016There is a court decision on this date wether the government invoking article 50 without a parliamentary vote is legal. If there is a vote it is likely to fail as a majority of the MPs were against Brexit. So if the court decision decides the vote ...
GBP/USD Breaks Lows. Where Will Price Retest?
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el_duende replied Oct 6, 2016EUR/GBP and GBP/CHF both have hit their major daily trendlines today. My main postions are short E/G. However G/U I have decided the following longs to target 1.31 then hopefully add to my postion as we go. 1st long @ 126.25 2nd order @ 1.2590. See ...
Cable Update (GBPUSD)
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el_duende replied Oct 6, 2016Have to agree Sammih has been on the ball for the last few months on cable.

Cable Update (GBPUSD)
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el_duende replied Oct 6, 2016Im of a similar view its time to start lookign for shorts on this pair. Reasons EU bank announcement that no changes to their plans. Deutshe Bank shedding 1000's more jobs. Other EU banks are at risk. GBP value which harm exports. GBP legal ...
EURGBP
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el_duende replied Oct 6, 2016What happened to the smart money and your sources?
Cable Update (GBPUSD)
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el_duende commented Oct 6, 2016Oct 17 will be date cable rockets when they realise Brexit cannot happen without the parliamentary vote.
GBP/USD Breaks Lows. Where Will Price Retest?
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el_duende replied Oct 6, 2016Since Carney has been in charge of BOE and Bank of Canada he has never raised interest rates only lowered them. interesting fact I heard

Cable Update (GBPUSD)
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el_duende replied Oct 6, 2016I always ask myself why do big financials announce their trades to the public?
Cable Update (GBPUSD)
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el_duende commented Oct 5, 2016Manipulation is the only word that springs to mind.
September 2016 Non-Manufacturing ISM Report On Business
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el_duende replied Oct 5, 2016Its very sad state of affairs. The real reason for brexit is due to the big divisions in class and the disribution of wealth IMO.
Cable Update (GBPUSD)