Because the FX world is afloat with people who don't practice what they preach.

Cable Update (GBPUSD)

60 holding strong. A low liquidity week in the FX market can be quite a bitch when the big boys decide to run up some stops. Stacking shorts at this level, targetting a few figures below ahead of announcements. Sell news anybody?

EURUSD

Lol. You hanging onto your shorts throughout the announcement? Although 1.55xx is definately a reach, a low liquidity week in the FX market does tend to spark some fireworks when importance indices are being released. I'll be holding on until ...

Cable Update (GBPUSD)

You are both mistaken with your analysis. Clearly this is a backward fish formation.

Cable Update (GBPUSD)

Hate picking tops and bottoms, but I couldn't resist this one. Sent in some troops on a short mission.

EURUSD

Think the steam may be running out, could top out around the 20 handle and push its way back down. Overbought ahead of news IMO, going to start stacking in some shorts.

Cable Update (GBPUSD)

Hold that thought, 4:30 is going to be interesting. Sell on news anyone?

Cable Update (GBPUSD)

Easy 100 pips down from here. Happy trading.

Cable Update (GBPUSD)

Goodbye 30.

Cable Update (GBPUSD)

Couldn't resist but to send in 1 soldier at 50. Just shorted another at 30. Going to stick with what I said before, probably wont make a retest of 70. Let's see how equities do on open.

Cable Update (GBPUSD)

Just closed out my geppy 143.47 entry. gonna wait to see if 70 retest happens.

Cable Update (GBPUSD)

If we get a test for 70, it will be a nice short. Let's see how this holds up @ 30.

Cable Update (GBPUSD)

You can catch a retest of 70, although I don't think it's going to make a pitstop there. Will be testing 30 shortly, we'll see how far we go.

Cable Update (GBPUSD)

If you are driving on a highway, and you see incoming cars, do you turn around or step harder on the accelerator?

Cable Update (GBPUSD)

We are going to break 70 shortly, then its going make a test for 30. Breaks below will continue to add shorts. UK is in for some deep selloffs for the next 1-2 weeks. Can't wait to see equities plummet today Gluck and stay in the green.

Cable Update (GBPUSD)

Hope all the bulls from earlier hit their limits because it's going to be a steep ride down.

Cable Update (GBPUSD)

Did I hear something wrong? They just announced that all bonuses in UK > 25k will be taxed additional 25%. LOL?

Cable Update (GBPUSD)

sell sell sell

Cable Update (GBPUSD)

Anyone else on the short train? Seems like everyone's buying tickets going north

Cable Update (GBPUSD)

Back in action folks. Short 6330 / SL 80 TP 6135. My pip hand is strong.

Cable Update (GBPUSD)