Cable Update (GBPUSD)
{quote} Not sure it's a wise move with low volume and no catalyst to drive it down. Experience tell me that during periods of low market volume, price tends to keep drifting the in the same direction unless something happens (some fundamental event) to push it the other way.
. Fortunately my heaviest positions are at UJ so any loss at the cable won't harm my acc. very much. Anyway cable needs good old fashioned way correction and I think that this high levels are only SL hunting oriented. Despite the good results from UK I don't think that their economy is so strong and UK future so brighter than US to sustain this high levels. But let the market decide after all.
{quote} Well it's about time if it does. The retail crowd is very heavily net short so upwards is where the liquidity is. So lets get this show on the road and go short squeezing. After all, until the retail crowd start buying, this thing will keep rising. Same applies to the Euro.
{quote} problem is the higher this f**cker goes the more likely people think they are selling a top
{quote} oh it's going much higher it broke the trend line{image}
