Cable adjustments: - Adding short cable position now (SL: 2.0562) - Moving SL on long position up, right below today's low

Cable Update (GBPUSD)

If cable is unable to close above 2.0550 today, I think a short position will have an excellent R:R ratio. Potential profit before the end of the week should then be at least 150 pips.

Cable Update (GBPUSD)

Yes, similar gains as september crude (+1.2%) But spot silver even better (+2.3%). Market snapshot right now: Commodities = Bullish Stocks = Bearish USD = Bearish

Cable Update (GBPUSD)

Looks like Uncle Ben is my friend today. I was afraid he was going to do something good for the dollar. Hmmm... But resistance for cable around 2.0550.

Cable Update (GBPUSD)

You know, a lot of people think they are smarter than mother market. In reality, few are. And a lot of people don't have the patience to wait for a trend to evolve, they need a quick fix of action and profits every day. I know, because I have been ...

Cable Update (GBPUSD)

Many people are talking about a top in cable. Very good! No, excellent Because: When everyone is screaming, "we've reached the top" usually this just isn't the case. 20 minutes left to US data release: Good luck to everyone!

Cable Update (GBPUSD)

The inevitable fate for any USD bulls these days:

Cable Update (GBPUSD)

My piece of cable advice today: Keep existing long positions. If not long already: Buy the dips. Don't sell short. My short term target (by the end of this week) is 2.0600. I think this is a very high probability target. I strongly believe that we ...

Cable Update (GBPUSD)

News not bullish for cable, but it looks like it will continue upwards after fighting around the 2.0500-area.

Cable Update (GBPUSD)

This is starting to get to good (to be true). Wake up this morning and another 60 pip profit in cable??? My fear of heights is starting to set in..! :surprised But when we look in a timeframe between a week and a few months, the USD is obviously ...

Cable Update (GBPUSD)

Don't expect one or two reports to change a solid trend. US economic data is released several times each week. If the players were very uncertain and nervous, bigger moves could be expected. But this is is not the case now. A 6 year old can figure ...

Cable Update (GBPUSD)

I don't think today's data release will rescue the dollar. I think too many traders already expect or hope for data better than analyst estimates. And a lot of traders are probably speculating on counter-trend positions because we are in ...

Cable Update (GBPUSD)

New 26-year high for cable. Again.

Cable Update (GBPUSD)

I really wouldn't recommend shorting cable right now.

Cable Update (GBPUSD)

Time to get ready for 2.0500 now

Cable Update (GBPUSD)

Excellent!

Cable Update (GBPUSD)

Well, many traders end up trading market noise. And that's in reality a less than zero-sum game for the players.

Cable Update (GBPUSD)

Still dollar bearish. Still long cable.

Cable Update (GBPUSD)

Attention: Insane gains in the Dow Jones index today: +286 points (+ 2.1%)

Cable Update (GBPUSD)