Here is my logic behind the pause. White / blue line going down, 1hour average keeping it pinned down. Green / Yellow twin line creating support. Bollinger bands have closed to. * be nearly break even if I was holding the EUR short still dratts *

Cable Update (GBPUSD)

Have I misread it, I was under the impression there was a rate decision today, but it's not on the calendar ?? GBP 1hour SMA keeping it down, 6hour SMA keeping it up, which will win, and even then will it have a good move worth the risk.

Cable Update (GBPUSD)

GBP sitting on 6hour and 24hour sma giving it good support, tempted to go GBP long here, trying to wait for the trend to turn up first though.

Cable Update (GBPUSD)

Sadly EUR is dead and didn't move well Teach me to trade against such strength though, -12pips on the day, was +24pips though so gave 36 back Positions closed, watch Eur tank as per normal!!

Cable Update (GBPUSD)

After a 75 and a 50, I think it's fair to say a 50 is more than likely, how will the market respond to this, on 1 side it's a step to try to solve a problem on the other hand it's addmitance to there being a problem. I'm out thankfully, not risking ...

Cable Update (GBPUSD)

I swear they broadcaste words over the charts, like the ones telling me to short the Euro, lying gits They've started saying to me flip long, must ignore the words

Cable Update (GBPUSD)

Navin, a phone call stopped me taking +10pips which turned into -15pips on a stop out on the Eur just, distractions are a killer. Shorted again, on the over extend, can the Up Trend be broken, or do I have to bail for small pips and wait for another ...

Cable Update (GBPUSD)

Yep distraction is the enemy, as you'll miss something then make a stupid trade to make up for the loss. I've quit several of the other sites i post on, and started occasional while bored posts on here, I plan to quit my company in time to remove ...

Cable Update (GBPUSD)

Easy to flip $100 per pip in a demo account, either blow the account or triple it over night, if you blow it start a new 1 forget it happened, if you triple it boast for ever more. Try it!! Sadly FXCM won't let me have saved positions of my account ...

Cable Update (GBPUSD)

Thats why alliance and leicester is offering 10% interest rate, they want people to give them cash that much there prepared to pay through the nose to get it. Repossesions are up and increasing, just need the house prices to drop so the banks still ...

Cable Update (GBPUSD)

Growth good LOL Like inflation it's fine, if you include the price of TV's and other such good, basic living stuff is up 20-30% over the last 12months, ie bread, milk, general food, fuel stuff people actually regulary buy.

Cable Update (GBPUSD)

I use SMA's in a none lagging manner as support and resistance ( ofcourse if you draw enough lines on a chart 1 is bound to work ) if your Bullish because the US data is bad, don't forget the GB data is also bad, serious world wide debt fueled ...

Cable Update (GBPUSD)

Moe, No doesn't work with my trading style / system, wasn't more than 5pip in it before it bounced anyway. Hands off doesn't work with small account and 13pip stops I find. More setups tomorrow, is practically guaranteed thankfully

Cable Update (GBPUSD)

Exited too soon, got to work on that

Cable Update (GBPUSD)

Took my 25pips thanks muchly, think Mid term we'll go higher, so not sticking my neck out to far!! Expect Ranged market to 06:00, 55 - 85 range area ish!!

Cable Update (GBPUSD)

Went short on that last up move and FXCM froze on me Hope it has another run, but with my luck doubt it * Quit and restarted FXCM good job I checked Short at 1.9885, could of held over night and had my account toasted if I'd switched PC off ...

Cable Update (GBPUSD)

Allserene, thats the main trading problem, the rules to how there playing the game changes and no one tell us about it. Looking to go short GBP on a up move approaching 23:59, profit taking / new short positions should pull us back 40pips or so ...

Cable Update (GBPUSD)

I'm waiting for 3.0000 till I book my really cheap holiday in the USA and order some more mountain bike parts from the USA

Cable Update (GBPUSD)

EURUSD and GBPUSD do look similar and follow each other most of the time, but not 100%, so not trading / or trading base on the EURUSD has lost me money quite freqently, but nothing is perfect. I do better, since I stopped using the EUR chart to ...

Cable Update (GBPUSD)

New trading rule, NO MATES!!! She just cost me dear LOL

Cable Update (GBPUSD)