Cable Update (GBPUSD)

I totally agree.

Its quite annoying when people gloat over a trade with no reference or pointers to how they achieved it.

Totally useless info.


People like cesarnc will continue to have my respect as they always state the build up to their moves.

Totally useful information.



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Hello. this message is for cesarnc. i know you left this thread but if u read this by chance i just wanted to say thankyou because you were the first one to answer my question and give me some insight. I am still in the learning process. Good luck with your trading.

I am at:

BUY STOP 1.9890
SELL STOP 1.9860

5 minutes before US Trade Balance

I am long from 1.9890 SL 1.9850

The market is going excatly the opposite direction of what I am trading , down 100 pips. Maybe I should do it backwards, instead of going long I go short and vice versa. Ahh well , this is my first trading month so I guess it's normal to lose . I am long @1909 and SL @ 19840 .
Bulls stop hiding and let's go in for a kill.

hi everyone...
Is there anyone have a link or informations about ecb news conf?
ASAP need helpppp
thx alot..

You mean 1.9933??

I would worry for bulls.

USD ineterest rate on hold but with positive fed comments.

GBP interest rate only up 25 base points as predicted by everyone - no surprise to market and is already priced in.

Trade deficit has not moved market much North so looks like bearish market

Political uncertainty in UK - Blair resigning Brown no doubt will take over. This leaves a vacant chancellor position which is what markets will worry about. Alistair Darling is name tipped at this early stage

Eur rates on hold but strong vigilence is mentioned meaninf euro likely to go South for a while

18th April trend is down as previously shown

How much lower can cable go today and tomorrow?

Stopped out.

try this

http://www.bloomberg.com/apps/news?p...refer=currency

Now, It Seems The Downtrend Starts.

Down So Fast, What A Hell.

Stopped out at 1.9840

it's 841 time

All I can say, this move was not expected TODAY with all the news that came out.

bought cable at 9815 and 9825, 50 pip stops
bought euro at 3500, 40 pip stop

expect the unexpected, nice smooth ride down no major hicup's, this will be the start of the downtrend.

i thought my fibo was upside-down.. well, that was not a retracement!

it make me so naif.. with those news..

mmm...Looks like this thing is stretching for that 61.8 fib. (apr 9 low/apr 18 high) might be able to scalp some pips with buy just below, if it triggers.

Moe you read my mind, today expect unexpected