Well, they did what was expected, so be prepared for more confusion on where this thing is heading now...it is a war between those who think "a cut is a cut" and those who think "but it was expected..." Good luck figuring that out...I'll stay out ...

Cable Update (GBPUSD)

That's for sure, but the question is: are we getting there MOONWALKING (backwards) ?

Cable Update (GBPUSD)

I know, I am out also, and proud We are playing with 2 very extreme an risky scenarios: No cut at all, people will be so pissed this thing could drop like crazy. A big cut of 50 pts, and it would mean the FED knows more than we thought we knew ...

Cable Update (GBPUSD)

Yeah, she is one of a kind, very supportive and positive attitude, it helps to have somebody like that around. Although up until I was still using a DEMO acct she kept referring to my trading as "NINTENDO," because she said I spent way too much time ...

Cable Update (GBPUSD)

Well, I am kind of disappointed because even though I closed my long position with a profit of 100 pips, it is nothing compared to the fact that I did not sleep too much (I live in Miami) during London's session to check on the status of my open ...

Cable Update (GBPUSD)

GBP is saying: "Hey, I just came out with some pretty good news, and USD will cut rates. Tell me, why the hell should I go down ?" Exact words guys, trust me

Cable Update (GBPUSD)

not sure yet, because during days of heavy news like this, it all goes down the drain technically. if FOMC comes with a 50 cut, then the sky is the limit. if it is going to be 25, not too much will happen, since most expect it. if no cuts at all, oh ...

Cable Update (GBPUSD)

I've been long since 2.0335

Cable Update (GBPUSD)

you are crazy man...forget about it, I tought you were going short, you are long, right

Cable Update (GBPUSD)

News was good...add to this a good cut from feds today.....to the moon

Cable Update (GBPUSD)

That's actually 1HR chart....

Cable Update (GBPUSD)

I see a nice pennant forming, indicating a possible upward explosion very shortly....

Cable Update (GBPUSD)

Strangely quiet in here for such a big move today...mmm, let me guess, many have shorted ? Not me

Cable Update (GBPUSD)

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Cable Update (GBPUSD)

Yeah but, you forget that just as surely US rates will keep going down too so, I wouldn't be so sure of a dowtrend with GBPUSD honestly....it is more US related now than GBP. As more negative US news comes in, the $ will suffer against every pair, ...

Cable Update (GBPUSD)

People do not care too much for a GBP rate cut 'cause even with the cut GBP still has higher interest than USD, which will probably receive a further cut in the next few days, that's why it did not react that much last week.

Cable Update (GBPUSD)

I learned one thing the hard way a few weeks ago when we had the big rally upwards, remember ? Twice in that case I opened short positions follwoing the thinking "hey, it can't go any higher than this, 'cmon...this is a sure trade if I short it!" I ...

Cable Update (GBPUSD)

Guys, seriously, why would you risk by buying now ? We are entering the slowest hours of trading, plus everybody will be on the sideline now until the rate decision comes out...if you ask me buying now is pure suicide, unless you know the rate won't ...

Cable Update (GBPUSD)

If you look at the 1hr chart you'll notice that it started going donw at 3am ET. That's when GBP news came out negative, followed by more negative news at 4:30am...... If it makes you feel any better, I missed the ride also....I was sleeping

Cable Update (GBPUSD)

Mostly technical, but always on the lookout for big news...that WILL, not matter how much people deny it, change the direction of a pair if it is a big news..

Cable Update (GBPUSD)