Nah I think its more like this!

Cable Update (GBPUSD)

Sweet! Lets hope this plays out

Cable Update (GBPUSD)

Yes it looks perfect to me

Cable Update (GBPUSD)

Hey EO, interesting theory thanks for sharing, def makes sense I dont think you guys or us (UK) could withstand huge oil prices this summer, it would be a killer! what do you think about the H&S on cable? im short at 5235

Cable Update (GBPUSD)

there not correlated exactly but crude up weakens dollar

Cable Update (GBPUSD)

Nice entries! taking advantage of the little spike

Cable Update (GBPUSD)

I think this is the reason url

Cable Update (GBPUSD)

looks like it might have been some short lived news. Same spikes in stocks too. Anyone know?

Cable Update (GBPUSD)

Not for me at the moment, i might consider it from 4950 though, will see when it gets there

Cable Update (GBPUSD)

My feelings are we will continue down until either late on friday or early next week. I feel we need to test 4950 first, if that gets broken a possible test of 4700!

Cable Update (GBPUSD)

I wouldnt call it a downtrend yet more of a correction, the medium term trend is still up for now.

Cable Update (GBPUSD)

Im no fundamental expert but I would say both those pieces of news would be dollar positive as higher ppi could lead traders to speculate that interest rates will have to rise sooner than anticipated. And higher unemployment rate could fuel further ...

Cable Update (GBPUSD)

Yes its definatly possible but its also possible we might never see 1.3700 ever again! Thats why you gotta use a stop loss! No one likes losing but blown accounts are a lot more painful. Look at the bigger picture on the monthly and you'll see ...

EURUSD

Daily showing a bearish engulfing though!

EURUSD

I agree S&P, ftse and Dow right at this moment trumps everything! S&P is looking like the drop today might have only been a small correction on the 4hr that is, if this trend line breaks then the floodgates may open!

EURUSD

ok cool! I hope you got that short from higher up though and not from when i posted my chart. I guess its partly my fault I should have explained the trade better. Im currently short with only 30% of my position from 1.3650 which im targeting much ...

EURUSD

oh i just seen your on demo, that will be ok then but for future reference not a good place to short from

EURUSD

No this is way to risky to short here! if you want to short wait for a break of 1.3550 and then a retest we are above support here

EURUSD

Cheer up i can show you what i see. A possible test of the blue rectangle.

EURUSD