Cable nosediving

Cable nosediving

From forexlive.com

Last at 1.5611. EUR also starting to drift lower as Italian-German 10-year spread climbs back over 500 bps. Update: and EUR/USD gaps 20 pips lower to 1.3042.

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Dec 28, 2011 4:33pm

This means that all the bullshits they are feeding the market come back to bite them. It is the end of the year, the books must be clear-up and the true reveal that they are liars. The collaterals and everything else are catching up with them, now they dripped.

Fuzzyzc

Dec 28, 2011 9:06am

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It was Horizontal resistance at 1.5700 for the past Month in a two month Bear Market. What triggered it was A bunch of Bulls caught with their pants around their ankles and bears seeing them in a losing Position and adding fuel to the fire

Take a look at the Euro... ten days of Corrective buying (against the two month Bear market) GONE in 60 mins.

Dec 28, 2011 8:24am

Wow interesting!

Dec 28, 2011 10:14am

Holidays get like this- very thin market, easy to manipulate. Where are the most stops? Also, Big guys closing out positions for year end.Easy peasy.

[Sniper]

Dec 28, 2011 9:38am

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Glad to have been in the move in the move down. Netted in both GBP/USD and GBP/JPY pairs with a 150+ pips each.

Dec 28, 2011 8:34am

What does that mean.

Dec 28, 2011 8:52am

Im wondering the same thing. Somebody knows SOMETHING. Something tells me we are going to get a breaking news alert on CNBC about something going on over there.