Cable at the 1st obstacle, the weekly pivot r1. If it breaks through here then there is a good chance 3360 is next.

Cable Update (GBPUSD)

Yes I agree this seems the logical place to start buying from for a next leg up. I expect london open to buy from the pivot. Good timing the test just before the open me thinks

Cable Update (GBPUSD)

I personally dont use that trade window. If you do use it as a sentiment guide then you have the filter wrong you are looking at lots rather than traders.

Cable Update (GBPUSD)

I have doubled my short at 1.3120 as everyone on FF seems to be long on cable.

Cable Update (GBPUSD)

Anyone a fan of fibs then the chart makes very interesting viewing.

Cable Update (GBPUSD)

Im with you guys little suprised at this rally as I was expecting a short day. I have entered a short at 1.3118. Will add a 2nd short @ 3150 if price gets there.

Cable Update (GBPUSD)

I too went long around this level which is now a poor entry. So what do we do next? A good trader needs to manage a bad trade as well as the good ones. Me personally will get out the trade at B/E and eliminate any further risk so we can reassess.

Cable Update (GBPUSD)

All shorts closed at 1.3080. 1st long entry order activated @ 1.3080

Cable Update (GBPUSD)

Longs closed. I have entered a short at 1.3164 will see how price reacts at the weekly pivot/ .

Cable Update (GBPUSD)

Long entry @ 1.2992 targeting weekly pivot R2. 1.3160. From what I read of the minutes US will not be raising rates any time soon unless inflation target of 2% is met.

Cable Update (GBPUSD)

Ive cashed in my chips for +75. I suspect this will go higher, looking for a new entry point at around 1.2995

Cable Update (GBPUSD)

Hmmm that Fed member has thrown a spanner in the works

Cable Update (GBPUSD)

That is my thinking. However reports show one of the FED members now actually saying 'approaching time to raise rates' which makes no sense to me. But then they are funnymentals. Im still long bias.

Cable Update (GBPUSD)

Not yet but I would expect a shakeout, re-entered a long at 1.2950

Cable Update (GBPUSD)

Less than stellar US figures coupled with great UK numbers. Interperet as no US rate increase and no further GBP rate cuts in the near future. My fundamental view is stay long.

Cable Update (GBPUSD)

USD news in 45 mins should be a catalyst for a decent move. If you are long you would like to see a negative CPI result here.

Cable Update (GBPUSD)

Lets see if price can hold above the weekly pivot at 1.2970, next targets would then be 1.3038 and 1.3166.

Cable Update (GBPUSD)

Crooked Hillary doing her economic speech now.

Cable Update (GBPUSD)

I was enjoying this thread shame someone has blown their account already We need 2 new FF contenders with a dislike of each other to go head to head again

Geppy vs. GJscalper - a duel to the death!

Long closed bang on the weekly pivot R1 1.3265. With that i'm happy and cracking some Glenfiddich. Have a nice weekend all.

Cable Update (GBPUSD)