Short at 1.1014 — Very overbought. Profit Target 1.0810. SL to break even due to unpredictability of SNB. Hope they are done intervening.

USD/CHF

Dollar decoupled from Equties — This is really strange. I closed my Short for +70 pips. This is too crazy for me. Like to short higher again around 1.66.

Cable Update (GBPUSD)

BOE Bearish Talk Sending Cable down — "downplays improvement in PMI"- Do they want weak currency? The other day they said weak pound has helped economy. Need to break 1.6485 to accelerate decline towards 1.6430.

Cable Update (GBPUSD)

Sorry, my bad I thought 1.6587. I am short from that level too. Already +100 pips in less then 40 min. Nice!

Cable Update (GBPUSD)

3 Hours ago and your SL did not get hit at 1.6587?

Cable Update (GBPUSD)

Moved stop loss to break even- too risky.

Cable Update (GBPUSD)

Looking to short it higher — Pulled the triger at 1.6585. SL 1.6610, Target to be determined.

Cable Update (GBPUSD)

Looking to short it higher — at 1.6550-1.66.

Cable Update (GBPUSD)

Shallow pull back means it wants to go North — I was short but I eliminated it at break even 1.41. The shallow pull back is a good indication this thing wants to go up. Looking to long it, but I am a bit concerned about the overbought ...

EURUSD

Dropped my short for +210 pips. Will only short it above 1.65.

Cable Update (GBPUSD)

Still holding a short from Friday at 1.6550 — Well, looks like 1.62 held, which puts cable in the dreaded range. Looking to drop my short now if 1.62 is not challenged again today.

Cable Update (GBPUSD)

Still holding a short from Friday at 1.6550 — You just woke up and I am about to hit the bed. Everything is good on this end and I hope the same on your end. As I have been saying, I don't see a reason to take profit yet (+300 Floating pips). ...

Cable Update (GBPUSD)

No It's not. Last time it was this close was on the 6/19 at 9am US session and it broke out to the upside cause of equities going up. The opposite may happen tonight.

EURUSD

Will have to get past 1.62, which is tough but given the sentiment I think It might give way. That looks like the path of least resistance. I just don't see it going up above 1.65 where my SL is located. I can afford to take more risk on this trade ...

Cable Update (GBPUSD)

EURO breakout during London possible. — Bollinger bands are getting way to close. Given the performance of Equities, it might go south.

EURUSD

Still holding a short from Friday at 1.6550 — Slowly but surely it is moving in the right direction. Now +240 Floating pips. Chances are looking good for the 1.62 figure to be challenged if not broken during London. Setting my Limit to 1.6010. ...

Cable Update (GBPUSD)

I think its worthwhile holding shorts that were taken above 1.65 given the severity of the drop in equities. Consolidation is possible around 1.63 before the next leg lower, but 1.622 will be tested and possible broken.

Cable Update (GBPUSD)

Still holding a short from Friday at 1.6550 — Now +210 Floating Pips and counting. Looks we will break 1.63 before day is out. I think 1.6220 will be tested withing 24 hours. If it breaks I will hold my short until 1.5810. Otherwise I will ...

Cable Update (GBPUSD)

Sentiment is bearish today. I would not long until 1.622-1.6310

Cable Update (GBPUSD)

I guess it all depends on the time frame. Mine is in days. I have found that staying on a wining trade is better for me psychologically. Scalping is a killer for me and takes too much of my time. Patience is the name of the game.

Cable Update (GBPUSD)