Great! Now we only need the market to agree with us

Cable Update (GBPUSD)

Went long @2.0402, targets 2.0430 (half the amount) and 2.0490 Will ad @2.0395 if it hits

Cable Update (GBPUSD)

I expect to see a retrace to 2.0395 right now for a perfect long entry

Cable Update (GBPUSD)

Shorted EUR/GBP as well at 0.7199

Cable Update (GBPUSD)

Targets for today - 2.0490 or 2.0523

Cable Update (GBPUSD)

Looks like we are stuck between 2.0340 and 2.0386 pivot points until we get closer to the GBP news. Too bad I have to sleep this night... Will miss the change of trend to one in the positive direction.

Cable Update (GBPUSD)

I am out until 19-00 when the up-turn will start to form

Cable Update (GBPUSD)

AmeriTrini, if you never scalp you gotta respect the long-term trends. There were plenty of statements, and rate changes since this GBP/USD uptrend began, and it keeps going, and going like Energizer ™ As for the scalping - it works perfectly off ...

Cable Update (GBPUSD)

Statements are good for scalping in the next few hours. Weakening US economy and long-term dollar decline, however, are the reality factors no statements can change. The GBP/USD up-trend didnot change when carry trades unwound like crazy in August - ...

Cable Update (GBPUSD)

Short 2.0344, scalping 10-15 pips

Cable Update (GBPUSD)

Liquidity will be low until 19-00 EST, so the speculators will keep pushing GBP down until adults return in the game

Cable Update (GBPUSD)

If 2.0345 is broken decisively - the next barrier is 2.0302

Cable Update (GBPUSD)

GBP and EUR fell today because the 0.25% rate cut had already been priced in before the announcement. Speculative play takes play prior to the event - and if the prediction was correct, retracement happens immediately - just like with the GBP rate ...

Cable Update (GBPUSD)

That it might do - as part of the choppy action. There ois no short-term uptrend yet, so it is too early for the long entries. But any long entry now should be closable with profit tomorrow

Cable Update (GBPUSD)

ScottH, the trend you are talking about ended when it hit the lower boundary on the 18-month up-trend (on the daily and weekly). Now the turn up is in the works, but as always with GBP it's very choppy.

Cable Update (GBPUSD)

Nah, looks like Eur/USD stopped at its usual *.65, USD/JPY is likely to be stopped by 110.6, and GBP ascend will be in the works late night. It's too early for the long entries, however. No reason to pay the swap at 17-00

Cable Update (GBPUSD)

Looks like it will calm down here, and try to resume the up-trend at the start of the Asian session - nothing except lottery-like scalping for now

Cable Update (GBPUSD)

If euro breaks through 1.4665 - that's bad news for the pound

Cable Update (GBPUSD)

Sorry - a typo, I meant limited to 2.0345

Cable Update (GBPUSD)

Looks to me like further down movement will be limited to 2.0242 Best strategy is to waid for the clear turn up - there is no hurry now. Also, watch USD/JPY - it has to change its trend and start climbing back above 111 for the GBP to make its turn

Cable Update (GBPUSD)