North Korea is also threatening holy war against the south. Maybe that's another reason for the dollar strength I'm not sure tbh but it's definately shitty movement today.

Cable Update (GBPUSD)

Don't worry my friend we all give back pips from time to time. Always look forward to your next opportunity. Whatever targets we have along as we play this step by step all should work out OK. Volumes are going to be low over Christmas so all be ...

Cable Update (GBPUSD)

The overall weekly/monthly trend is DOWN. However, wanted to point something out. When the stochastics went into the oversold area, the daily retraced approx 630 pips & then 420 pips. It's entered the oversold area again. Will it retrace here again? ...

Cable Update (GBPUSD)

No doubt about how bad things will be for all of us. Having said that the U.S is also in trouble and so GU will simply decide it's direction on a tug of war between our two economies, simple. The dollar is rumoured to go down from the 80's (at ...

Cable Update (GBPUSD)

UK economy flourishing? You must be joking bro. Believe me the UK will not flourish in 2011. VAT going up by 2.5% in a few weeks further stopping people from spending. We've already had Greece and Ireland in trouble with Spain, Portugal, Italy and ...

Cable Update (GBPUSD)

Yeh right. Your only saying that because you insulted my man b**bs LOL only joking. As long as it's making some sense then I'm happy with that GL.

Cable Update (GBPUSD)

1) GU has been bouncing off the 55 day MA (blue line). 2) See the oversold areas on the RSI after which there has been a retrace to the 55 day MA. 3) OR when the stochastics have been overbought it has then moved down. Because the overall trend is ...

Cable Update (GBPUSD)

Definately a very important level for sure.

Cable Update (GBPUSD)

Are you trying to say we all have man b**bs? ....... .

Cable Update (GBPUSD)

It's GU's job to keep us grabbed by the balls to be honest.

Cable Update (GBPUSD)

The daily is touching the 200 day MA as well. See what happens here.

Cable Update (GBPUSD)

1.53? NOT IN THIS DECADE . Remember? Those were good days bro.

Cable Update (GBPUSD)

[quote=Vuraziq;4259243] lol.

Cable Update (GBPUSD)

[quote=FirePegasus;4259219] 1.5320 is a possibility if this keeps dropping the way it is. GL.

Cable Update (GBPUSD)

Very true bro. Plenty of opportunities so maybe next time. Incase I don't get to say it, wishing you a great Christmas Mac and all the best for 2011.... And to everyone else on FF.

Cable Update (GBPUSD)

I am a plonker for not being patient and also not taking advantage of my stress-free BE position. Oh well profit in december is profit in december .

Cable Update (GBPUSD)

Nice one MAC that was a great place to exit. As well as the 61.8% I also have my 200 day MA (red line) there as well. If the price drops below 1.5450 then I will quickly exit. I do have a habit of giving pips backs unfortunately ......... wait wait ...

Cable Update (GBPUSD)

Moved SL to BE so safe for now. The 15 min & 30 min stochastics are now pointing up so deciding to just stay in a bit longer. Might get stopped out (hope not) but feel like giving it a go to see maybe 1.55 or higher.

Cable Update (GBPUSD)

Took a chance on the spike as the 5 min RSI & stochastics were in overbought area. As soon as the 200 day MA is reached or the stochastics points down, I wil exit. image

Cable Update (GBPUSD)

Hi Guys, Hope you're all well God willing. Not been trading this week so thought I'd pop in and say hello. Looking at the charts I would personally stick to hit & run scalping like KILL, safe and best way me thinks. Might take a few 5 minute scalps ...

Cable Update (GBPUSD)