Either that or the usual knee jerk reaction and profit taking ensued. However, past experience proved correct. Still expecting fresh sellers to enter from here on but tahts it for this month.

Cable Update (GBPUSD)

US weak gdp results in 50pip cable rise.... exit is here.

Cable Update (GBPUSD)

I've decided to exit at 61.8% ret if the outcome is not as expected. Otherwise, aiming for 50% ret. Currently at 110pips, 40 pips more was my planned exit point.

Cable Update (GBPUSD)

Not savy with the acronyms ... tl as in take loss? I placed profit at support level, wasn't watching market as it hit but now waiting on US GDP to see whether or not I pull out.

Cable Update (GBPUSD)

Shark smells the bait is running away... to chase or to stop. Don't think I will hit the 150pips target.

Cable Update (GBPUSD)

I mean't to say that in the past strong us gdp usually resulted in strong dollar and thus should that happen today, the cables next support is a long way off. But of course past might not repeat - according to the broker, the cable is set for a ...

Cable Update (GBPUSD)

All the best. Should US come out with strong GDP the next support is quite a long way down. Hope things work out for you.

Cable Update (GBPUSD)

Funny how my broker always posts contrary pieces of information. Its gone to a point where I can't believe anything they write. In fact does anyone believe what Dow Jones writes?

Cable Update (GBPUSD)

Well its hitting below the 50% ret... how much steam will this have left just before the data is released. Whatever the case might be pulling out before US GDP.

Cable Update (GBPUSD)

UK mortgage data expected to be strong. Might just take profit now as that could be too volatile.

Cable Update (GBPUSD)

RSI on 1h/4h is hitting below 40.... bears launching an attack or just a repeat of yesterdays price action? 30pips for the next support and should that go... all the best to those who went short and held.

Cable Update (GBPUSD)

I missed the entry on the eurusd train. My ideal entry would have been 1.433. Spain is on downgrade jitters next from Moodys. Oh boy the euro is like a see-saw.

EURUSD

Appears to have found support at around 1.631/2 and its tested it yesterday and today without a proper breakthrough. A break here for the next retracement at 1.627 and if that doesn't hold then the train is surely headed towards 1.62? Weak UK data ...

Cable Update (GBPUSD)

Reckon the ride becomes bumpy all the way to 1.62?

Cable Update (GBPUSD)

Any chance of catching the late EURUSD train south at 1.432/3?

EURUSD

Bulls have been launching an attack it seems. 1.634 looking ominous against any chance of a further move downwards. Hourly RSI creeping up to 50. Congressional vote at 11pm GMT. London close will be interesting to say the least.

Cable Update (GBPUSD)

Daily suggests downwards, can't see Yen getting sold off until after US debt deadline. If it closes below 110.9, might work to hold.

EUR/JPY Anytime!

Pulled up the cable 4h and theres an interesting possibility of maximising the position if the daily closes around 1.624 or thereabouts. Roughly an ideal re-entry would be 1.6225 as that is well below the daily close (recent support) and the next ...

Cable Update (GBPUSD)

Next week ought to be really interesting if the Jap's decide to intervene. I am looking to enter a short tonight/tomorrow as I am hoping it will go to somewhere around 109.6. RSI is about to bottom out on a supporting trend and I believe it might ...

EUR/JPY Anytime!

Cable as of late has been dragged down by Euro-zone concerns. After the lacklustre GDP, figures have been trickling in showing poor performance from business & retail. Even with the US debt ceiling - GBP doesn't really have a sound footing. What ...

Cable Update (GBPUSD)