I wouldn't say it's been demolished. Not until after it gets under 1.6750 and stays below 1.6750. Otherwise, we're just chopping about before we head up again.

Cable Update (GBPUSD)

Has there been a surprise news event, or are you just speaking in general terms?

Cable Update (GBPUSD)

I see two possibilities here. One, we have a new support level (The red daily candle is only a 2 hour candle, I think, right?) at around the 675X area, or we close down today below that 1.6750 area and that's a very strong reversal pattern. If the ...

Cable Update (GBPUSD)

As far as fundamentals are concerned, the news I'm seeing tells me USD is looking weak and GBP is looking strong. The thing that I don't understand though. Whenever the stock market goes up, GBP tends to go up with it. Whenever USD goes down, GBP ...

Cable Update (GBPUSD)

Davit has been selling this thing since back in the 1.5 range. This thing could go up to 1.8 and he would still be calm and in his sell zone.I don't think he risks much though, so unlike the other guy who lost 20k, I don't think davit is losing much. ...

Cable Update (GBPUSD)

I think he lost a lot of money and he lost it because it hit his stop loss. Assuming it goes down from here, he is upset because if his stop loss was 10 pips higher, he would still be in the game.At least this is how I understand it.

Cable Update (GBPUSD)

I understand. And I wasn't calling you a liar or anything. Only pointing out your past accuracy. Its one thing to say London desk is going short soon. Its another thing to say, London desk is going heavy short on Monday.Wouldn't you agree? Granted, ...

Cable Update (GBPUSD)

So far you've not been correct with your information. But you've been close.Each time you've said London desk was going to short, we did fall by at least a few hundred pips. But the first time you were off by two days. The second time you were off ...

Cable Update (GBPUSD)

I think too many traders are seeing that this will go short soon, which means it'll keep going up for the foreseable future. Hard to believe it can have the strength to just keep going straight up like this, but if everyone is already short, there ...

Cable Update (GBPUSD)

I have to agree with this. Further, if it doesn't happen on Mon, Tues or Wed, it will certainly happen on Thursday or Friday. However, if it doesn't happen on Thursday or Friday, you can count on it happening the week after that.

Cable Update (GBPUSD)

Or it may go up like a rocket.

Cable Update (GBPUSD)

Ive got a few thoughts at the end of this week about this incredible surge upward. 1) If everyone is already short, how will this stop going up? Until we see more of a 50/50 split in the long/short divide, I don't see how this comes back down. I ...

Cable Update (GBPUSD)

Well, I was stopped out already. I'm sure I'll wake up in the morning and I'll have been in the money if I wasn't stopped out.

Cable Update (GBPUSD)

If markets acted like we wanted them to or thought they ought to all the time, we'd be rich. Look at the fall of the pound years ago. How many people kept screaming it was oversold and had to go back up until they lost all their money? Eventually ...

Cable Update (GBPUSD)

Trying a short here. Tight stop.

Cable Update (GBPUSD)

So far its happening as I expected. Now the question is, when to enter.

Cable Update (GBPUSD)

Yeah, I'm going to try a short play if we shoot up really quick in the next hour or two. But I'll put a tight stop on it.

Cable Update (GBPUSD)

The toughest part for me in these turn arounds/reversals is the stop clearing. Let's suppose for a moment that we do go down from here. Does anyone think we'll go straight down? I doubt it. Most likely what will happen is, we'll head up 30-50 pips ...

Cable Update (GBPUSD)

If a stall is less trading and failure to continue in the same direction, then I've got some bad news. At this time every day, after new York close until about an hour before London open, we stall. Yesterday was an exception to that.

Cable Update (GBPUSD)