That's the most important thing to learn in Forex - there is no place for any feelings or intuition. One always must trade what he or she sees based on one's system, that is indicators and pivot points.

Cable Update (GBPUSD)

The up-trendline on the weekly channel can be safely considered broken only when the current week candle closes below the trendline. If not it will most likely turn out to be a typical GBP spike.

Cable Update (GBPUSD)

Long 2.0178, target 2.0192

Cable Update (GBPUSD)

Cable is stuck between the daily pivot (2.0177) and today's open (2.0203) until the news release. Has been great to short or long from these levels, respectively. No, the weekly trendline is by no means broken - these are just the usual for GBP ...

Cable Update (GBPUSD)

No SL - I am watching my indicators live. Will probably take 10 pips profit and go to bed :-) If I had to name one - there are no chances for this thing to fall below this week open at 2.0143 In fact, until the news it is range bound between 2.0143 ...

Cable Update (GBPUSD)

Long 2.0180, target - 2.0215 (weekly mid-pivot)

Cable Update (GBPUSD)

Most likely scenario for tonight - a visit to 2.0520, then retrace to 2.0490 until the morning news

Cable Update (GBPUSD)

Long @2.0475, target - 2.0518, no stop-loss (live watch instead)

Cable Update (GBPUSD)

Considering the GBP uptrend, EUR/GBP is currently overpriced and good for shorting. Will try to sell at 0.7195, target - 0.7175

Cable Update (GBPUSD)

My system shows that the trend is changing in favor of GBP already. Will go long on the possible pullback at 2.0465, target - 2.0520

Cable Update (GBPUSD)

Closed my short with a 6 pips loss, waiting for a clear trend to form

Cable Update (GBPUSD)

Watch for the bounce off 2.0490 for 10 pips scalping

Cable Update (GBPUSD)

LOL No, I argue that it is in a very limited downtrend, so don't be greedy when shorting. Uptrend should form closer to the news release

Cable Update (GBPUSD)

Short 2.0466, target - 20 pips

Cable Update (GBPUSD)

That's the fun part - they can think all they want, but they can't raise the rates and kill the banking lobby

Cable Update (GBPUSD)

2.0368 is holding it, might be stuck here for a while before liquidity builds up for the uptrend

Cable Update (GBPUSD)

In my opinion, shorting GBP is a little risky right now - if only for 10-20 pips. The down pressure isn't strong enough, and market is too slow to talk about trend

Cable Update (GBPUSD)

At this point US inflation will be increasing due to expensive energy and weak dollar, and Fed's hands are tied between inflation pressure and morgage / liquidity problems. So, increased inflation reading won't help dollar a lot. I expect up-trend ...

Cable Update (GBPUSD)

Cable is going down for now, but not lower than 2.0390 - 2.0400

Cable Update (GBPUSD)

SHORT???? Long @2.0395, for at least 30 pips up, the current trend is up

Cable Update (GBPUSD)