Cable Update (GBPUSD)

Quoting bravado

Disliked

Megaphone Pattern:

http://www.trending123.com/media/fre...s/9024f4d0.jpg
Underlying Behavior

The creation of the pattern reflects a period of time when bulls and bears are battling to gain control of the stock. The pattern occurs after the bulls have been charging and driving the stock price appreciably higher. During the formation of the Megaphone Top, however, bears are exerting increasing influence on the stock and causing it to set a series of lower lows. The increasing volatility eventually creates a sense of uncertainty, leads to profit-taking, and deters some of the bulls from making any further commitments.


The bears eventually triumph.

Ignored

Quoting ndvt241

Disliked

After the strong Housing, and Durable goods Datas I am expecting -befor London open- that GB will drop to 98.15 and the Eur to 34.10
What do you think Guys?

=======================

Ignored

Quoting ashlee_17

Disliked

I think so too. As a matter of fact, I am short from 1.9860 targetting 1.9800.

I wonder what the forex experts say.

Ignored

Quoting KumauX

Disliked

Pound going to 1.9815?

I would agree, but tomorrow is FRIDAY and the beginning of an American Holiday weekend! Who knows what will happen with that decrease in trading volume.

I hope it goes to 1.9775, so I can BUY some more!

Ignored

Quoting de123

Disliked

i hope it will drop,...

Ignored

Quoting bravado

Disliked

hi guys. this is what i've been saying. i think if we all put our heads together and wish hard enough it will happen. just think about all the money we will make.

let's all hope together.

together we can move the market.

Ignored

Quoting pabloski

Disliked

Haha! Every time I read your ironies I laugh so much...

Ignored

Quoting gobigo12

Disliked

yeah,

lets see if we can think really hard on this forum and make a "$1.9 trillion per day" market move !

haha

Ignored

Quoting bravado

Disliked

laugh now pabloski.

i'll be on my private yacht and will be sipping on margaritas on cayman islands when this drops to 9800. then we'll see who's laughing.

Ignored

Quoting Pipsta

Disliked

I feel like I'm watching the US gov explain away their actions....The US gov supports big US corporations going into foreign countries, corrupting the local officials there to let them take resources. They profit from local resources, take advantage of local people's and give nothing in return except spoiled water and land. If the local officials can't be bought the US gov has a campaign of lies and misinformation calling them dictators and such to try and war their way into being able to steal the resources from the people. Soon everyone's kids are being born with three eyes and legs growing out of their butts or they are sick and dying from the polluted environment. They are left behind with no financial benefit from the resources being taken. Then when all the money has been made the big US corporations leaves nothing behind except misery and destruction so the locals rebel against all big corporations that come in and try to sabotage them from stealing and destroying. US gov then turns around and characterizes the locals as radicals and extremists who hate the US for their 'way of life. That the locals are the evil ones who are hating 'freedom' because they don't want to let themselves be taken advantage of. Disrespect the locals, the rules and the ways of theirs so you can do what you want without regard to the rules nor respect the space that you are spoiling. This is a tragedy.

So we have someone who is crowing about 35 pips yesterday when there was +150 pips to be made off of fundamental pressure going in the opposite direction? They want to preen around on the basis of 35 pips? Today this person is calling for other targets that aren't fulfilling because of fundamental pressure yet how does this person think they are able to boast about their charts and make fun of other people's methods when their own calls are failing because of the very forces they make fun of? This is a comedy.

Ignored

Quoting x3m

Disliked

I hope you did not go to your neighbourhood loan sharks and shorted 100 lots to get that yacht.

Ignored

Quoting pino2

Disliked

Tommorow we might see either 1.9878 or 1.9812 or we might see both and it is a must.

Ignored

Quoting gobigo12

Disliked

isn't this like saying it might Rain or be Sunny tomorrow ?

Ignored

Quoting el_duende

Disliked

So you are saying short from 1.9878 and long from 1.9812?

Ignored

Quoting SunTrader

Disliked

Sounds like just another jealous non-American.

Meanwhile what does one have to do with the other. Why bring mudslinging into Forex?

Ignored