I agree bit more explanation when posting what you believe cable will do next would be helpful. What experienced traders have left?

Cable Update (GBPUSD)

Yikes - Didnt expect cable to rise as violently as that - some people speculating their may be a rate cut later?

Cable Update (GBPUSD)

Opportunity to try a sell at 1.9950 - may see a bounce off top line of downtrend channel formed since 18th April. Have small stop loss, target 1.9890 area and beyond

Cable Update (GBPUSD)

Jeez some sour grapes on here. Just because someone predicts the market right against the overall majority they are criticised for it Surely the point of this thread is mutual respect, understanding and learning as alot of people ...

Cable Update (GBPUSD)

Some excellent calls today Froland! Hope you made alot of money

Cable Update (GBPUSD)

True - market has already priced in the 25 base point hike. In my view leading up to 18th April there was lots of talk of a 50 base point hike on the back of high inflation economic news in UK, this coincided with the new high in cable at 2.0133. ...

Cable Update (GBPUSD)

Welcome to this thread. Your analysis is sound in my view. I am targeting 1.9850 then 1.9820 level. Key thing you mention is the 4 hour up trend being broken and that we are now experiencing a downtrend. I think this downtrend channel from 18th ...

Cable Update (GBPUSD)

Not everyone posting has been longing! I think 2 or 3 have been shorting cable and have had some bashing for saying so. Key level in Euro area is 1.3520, proper breach of this will also see cable falling again. DOW also has seen a fall today maybe ...

Cable Update (GBPUSD)

File opened up fine for me, chart jpg image

Cable Update (GBPUSD)

Just been watching working lunch program in UK and an ex member of MPC has stated he believes interest rate will go up 25 base points this week and a further 25 base point rise will happen in August.

Cable Update (GBPUSD)

Mr Profesor welcome to the forum. I hope we learn and share some good information

Cable Update (GBPUSD)

True Warper thats how I have been positioning of late. Shorts at just before that trendline. Initial target is 1.9850

Cable Update (GBPUSD)

I agree price of 25 base points is priced into market, everyone expects BOE to raise rates. If we go back to when we hit 2.0131 there was talk of 50 base point hike due to high inflation reports from UK by many economists. Market reacted to this ...

Cable Update (GBPUSD)

We are in a long term uptrend look at daily chart, my longer term view is we may see a pullback to 1.95/96 area before we make new cable highs at 2.04 area. For short term im shorting cable now at 1.9935 tageting 1.9850 area. Possible head and ...

Cable Update (GBPUSD)

closed longs at 1.9920 - see you all next week

Cable Update (GBPUSD)

Im keeping the trade open goonergonebad for a while, watching closely I believe we may see more North movement upto as far as maybe 1.9950 -80, watching closely though as report not as strong as I expected Also Euro breaking through 1.3590 area is ...

Cable Update (GBPUSD)

As luck would have it report spiked up and then back to where it started more or less, providing opportunity to buy. I bought at 1.9882 yay I believe the NFP news and unemployment news is good for GBP

Cable Update (GBPUSD)

Key word here is gamble if you put a trade on now. However if you win ££££'s in

Cable Update (GBPUSD)

How reliable is the ADP report? Have a read in this topic some good points raised url

Cable Update (GBPUSD)

Very short term again another inverse head and shoulders pattern has appeared on 5 min chart Sell 1.9924 small stop for 1.9890 area

Cable Update (GBPUSD)