I am pretty confident we will be very close to 1.63 during US session, but I am not ready to take profit at that point. I Want to give it a chance to test 1.6220- If I have to wait another day, so be it.

Cable Update (GBPUSD)

It may be too early to move the SL that low to 1.64. Moved mine to 1.6520

Cable Update (GBPUSD)

Still holding a short from Friday at 1.6550 — Nice Drop! Up 175 pips since Friday. Next up 1.6220.

Cable Update (GBPUSD)

Still holding a short from Friday at 1.6550 — I am up and it looks like its still heading south. Bollinger bands getting closer to each other- and indication this thing may break out, chances are much higher it will be to the down side. Will ...

Cable Update (GBPUSD)

" Robert Zoellick and company seem to think that risk aversion remains a factor in financial markets, saying “investors’ flight from perceived danger is a trend that is very likely to persist through the end of 2009.” Such a dynamic stands to ...

Cable Update (GBPUSD)

I don't think anybody doubts your excellent ability to do short term technical analysis.

Cable Update (GBPUSD)

Let me think,hmmmmmm yes!~~

Cable Update (GBPUSD)

World Bank: EURO AREA GDP TO CONTRACT 4.5% THIS YEAR VS. 3% decline for the U.S. I assume U.K will decline further than 4.5% + + for the dollar.

Cable Update (GBPUSD)

Failure to break 1.6450 is a concern — for my short from 1.6550, but this is Asia. It's just noise. Until London kicks in, won't now. Will hold short.

Cable Update (GBPUSD)

I am in the same boat with a short from 1.6550 since Friday. Looking to see if we break 1.6390 during London session...If that happens I will target 1.6220.

Cable Update (GBPUSD)

I mean to say 200 MA? Why? Because it will give you a clearer directional bias. If it breaks it will probably go South, if not it will bounce back up.

Cable Update (GBPUSD)

If you are in a bullish camp ( which I am not) I would wait for this to test 200 EMA (1.6390) on 1H and see how see how it behaves there.

Cable Update (GBPUSD)

Why long there?

Cable Update (GBPUSD)

Am I the only one short here?

Cable Update (GBPUSD)

Still holding a short from Friday at 1.6550 — with a Sl at BE. Profit point to be determined later.

Cable Update (GBPUSD)

Correction: I lost tract of what I was talking about. There is correlation with the GBP not USD. Last time I did demo was 6 years ago, but I leave it there

Cable Update (GBPUSD)

No Sir. They have a direct correlation for the most part. So if you think oil will go up, same think will happen with the dollar.

Cable Update (GBPUSD)

Dollar Index reached a double bottom on 06/02 — As long as it does not break 78.50, it will move up. I think general trajectory for USD is up, but pound is looking very suborn. Failure to crack 1.6660 this week is a definite bearish for the ...

Cable Update (GBPUSD)

It means stronger greenback. Always has. Look at the last year numbers. Oil and dollar have a strong direct correlations.

Cable Update (GBPUSD)

Range Top, I am in the Bear Camp — Short at 1.6550. Doesn't make sense to go long at the top of the range when market is range bound. No way to know whether it will break range "this time"- those who say it will are 100% guessing. Below 1.66 ...

Cable Update (GBPUSD)