Downtrend Line still intact — Was stooped on a short from 1.6470 at 1.6510. Entered another Short at 1.6550. Downtrend line still intact. It's still range bound. Looking to test the lower bound at 1.62.

Cable Update (GBPUSD)

Out with 203 pips at 1.6244 — Looks like it wants to retract some.

Cable Update (GBPUSD)

Its not done yet. Break of 1.6220 looking possible. This may break cables back, get it out of the range and send it south.

Cable Update (GBPUSD)

Now, thats the hard part. I think I might at least give it a chance to test 1.6220

Cable Update (GBPUSD)

U.K. MAY RETAIL SALES UNEXPECTEDLY FELL BY 0.6% VERSUS EXPECTATIONS OF A 0.3% GAIN, AND DROPPED 1.6% FROM A YEAR AGO I see that now. Thanks. This is really hurting cable. Glad I was aiming for the down side.

Cable Update (GBPUSD)

What News sent Cable rolling? — Please share if you know.

Cable Update (GBPUSD)

Looking very Bearish — Holding a lucky Short from 1.6447. Failure to crack 1.65 is serious problem. Potential to roll to 1.6150. Be careful with longs.

Cable Update (GBPUSD)

Sentiment has shiftes towards the dollar. Big dogs have called the top at 1.6660 and no small news item will change that. Once sentiment shifts, small news items are mostly ignored. The fact that it is consistently closing below 21 EMA ( on H) is ...

Cable Update (GBPUSD)

That's a reason for me to short it! It only means it has more room to fall. I will venture to say by weeks end cable is below 1.58. All the upmoves looking shallow like the down moves looked when this thing was going up. If you are going to long it, ...

Cable Update (GBPUSD)

Equities crashing, Hold your Shorts. — GBP and EUR looking weak. Need to break 1.63 to accelerate push down.

Cable Update (GBPUSD)

Bearish news for the GBP — UK to sell 5 billion Pounds of Gilts through its banks later this week, according to the UK Debt Management Office.

Cable Update (GBPUSD)

I love how some people put the cart before the horse. We just had the lowest inflation in the last 60 years at near zero and yet there are people who predict inflation is the problem. Inflation is currently a non issue in the US whatsoever. In the ...

Cable Update (GBPUSD)

Fed Reserve purchases $3.5 billion of government debt outright. Cumulative purchases up to $156.528 billion. Good news for the dollar. Perhaps that's why its going up.

Cable Update (GBPUSD)

That's really odd because just three posts higher you were gong ho about it going North.

Cable Update (GBPUSD)

Going long now is 100% Gambling.

Cable Update (GBPUSD)

Cable and EUR looking weak aginst USD — The question is why? Does anybody know of any significant news that came out today? Or are they just overextended........

Cable Update (GBPUSD)

Set my SL at break even. That move up must of been a Bull Trap. Hope you guys didn't get caught on it.

Cable Update (GBPUSD)

Not impressed by Cable Today — Closed my Long at 164. Holding a short from 164.60. It has underperformed significantly in relation to the past vs. Equities. Also Rejected at 76% of the upmove.Possible sign of topping. Same applies to Euro ...

Cable Update (GBPUSD)

I agree with that. I been observing PA around 163 and it's not looking good for a short. Everything is pointing North right now. If any of you have a strong bearish bias I would recommend you stay flat and short it about 150pips higher around ...

Cable Update (GBPUSD)

Pulled the trigger at 163.05. Looks it wants to go up. Tight stop at 162.69. Stock markets are on fire in Asia. Everything is point up at this point. Only way it will go down is by an unanticipated news event.

Cable Update (GBPUSD)