Cable Update (GBPUSD)

I shorted cad yesterday at 515, and felt so miserable after getting sl hit. just cant trade

sorry for that man

but I'm not the one who can advice you and say forget this loss and go to the next trade

you know that better than me

you're right, no one tired of making money

but at least
we need a change

Wow.. AUD is really going crazy.. 100pips moves in 1 hour time?? 200 pips in less than 4 hours?? Dollar is really gaining lots of strength...

AUD/JPY is going NUTZZZ !!!!!!!!!!!

Anybody went cable long and got his head handed to him??

Soros Jr I guess !!!!!!!

Meanwhile !!!!!

George Soros the mega-investor was spotted AGAIN this morning signing a big check
for an alleged son(aka Soros Jr) he had out of an affair with a investing Japanese housewife
(rumors about the check being to cover multiple margin calls!!!)

Soon if market behaves in accordance to expectations. But hey, I'm a suicidal kid of fellow, very unstable, best stay away

Same for GJ, retest happened as expected (read previous discussion on this same thread) ready to go long very soon if supports prove themselves.

long time we didnt hear ...long gold long...

Again??? I thought he just asked for money few days ago??

MULTIPLE margin calls !!!!!!!!!!

can you imagine you've a son like him!!

oh the poor soros senior

Meanwhile..

hi Sir soros-junior should I close my shorts now....or should I hold on a lil longer.... ?

look at those recommendations from JYSKE Bank

look where the guy short EURGBP, and then look at the chart



he sell exactly at the bottom

this is what we can call bottom fishing

this is my analysis on daily chart. Thisi is ELLIOTT WAVE analysis.

many pips

http://img442.imageshack.us/img442/1898/dailyum9.th.jpg

I thought on EW wave 3 should be the longest.. it seems like wave 5 is longer than wave 3 on this one..

Nothing has changed in relative terms...

US and UK house markets have shown to be bad and getting worse but they are not the whole story. Stocks -many companies are doing very well while some homeowners suffer. Dow is still up massively this year

Forex - only forward interest differentials count and they are still in place.

Soros jnr secretly shorted for a while and now he is going to make the same money again as cable climbs back on it's steady boring plod uphill...

The bears got 20% of their losses back but are going to confidently double their shorts aiming at 1.9200 - capitulation at 2.0500 ? ...

We are all glued to our instant charts and need to click on the 2 year picture to get a reality check

nothing has changed in the differential since 2 days ago:

US fiscal deficit / US balance of payments / UK inflation ?

Nothing has changed - only the psychology has wobbled and after a cup of coffee and a chocolate biscuit it will wobble back as soon as enough shorts are placed and ready to butcher

Who is surprised UK housing is flat ? come off it that can't have surprised anyone ! You were not surprised, I wasn't surprised, so why should the market be ? it's kidology !

It says nothing in the BOE terms of reference about making life easy for homeowners - they are going after inflation and civilian body counts don't matter