Cable Update (GBPUSD)

That is some funny stuff.

ohhh you didnt place me on your plaque, cookie

i have a short at 2.0214 that ive been holding since this afternoon.. . anyone else with shorts that they are holding???

im considering closing it.

i got out my short from this afternoon and awaiting better entry Maybe 240

GBPUSD is in correction to the up trend. Further fall towards 2.0050 area to reach the next cycle bottom on daily chart is expected to follow in the next several days. Up trend will resume after correction, key resistance is at 2.0652, a break above this level will signal the resumption of the up trend. For long term analysis, GBPUSD is in long term bullish movement, the fall from 2.0652 is treated as consolidation to the long term up trend, and further rise towards 2.1000 to reach the next cycle top on weekly chart is expected to follow in the next several weeks.

GBPUSD

GBPUSD topped at 2.0462 on 4 hours chart. Further fall towards 2.0050 area is expected to follow later today. Near term resistance is at 2.0336, only break above this level will signal the reversal to the down trend.

She's toast for now.

when the pair was 2.0650, i wrote that we should see a correction.

I had said that i can see 2.0050-2.0100 zone.

Now, pair is at 2.0160 which is MAE(55) in daily chart.
%50 fib of 1.9623-2.0650 is at 2.140.

So, 2.0140-2.0170 zone is a strong support.

If it is broken, we can see under 2.0000. (I expect this.)

We will see....

Now I'm Waiting the MACD cross ....

SPAM

15 september both cable and the euro futures are expired...i expect to see cable at 988, prior to this date, and when the euro broke 1.30 it went up and it did revisit the 1.288 area, but when cable broke 1.90 i think it didnt revisit the 1.88 area since some were still holding shorts at 1.99...

I remember on my charts, the previous 2 fresh buys cable futures were at 944 (922 was a bottom), and at 9666 (when the Gordon replaced the Blair, the bottom was at 9555....i think)....so if each cable futures is 222 more, then we are gona see the 9888 (a fresh buy, and the 9777 freeland as a bottom)...

BUT

Between the 2 fresh buys there was i think no rate hike, so we might add additional 222 for a hike in current futures (forex freaks adding longs ) ,...thats 9666+222= 9888+222= 2.0110 as a fresh BUY 2.0110-111 as BOTTOM, thats 1.999....see it wasnt that hard,...

igrok never made a call and never give signals to anyone, and he always end his posts with "the market will say the last word" and "time will tell"
!!!

I dont know why you hate Igrok, warper??
He is a great man and his books and articles in the magazines and on the web are very helpful

The pair bounced after touching near 2.014 level. Now it is going to test 2.0225 and further to 2.0265...

In chart TF 1H, the RSI shows that the pair is off the oversold level...

The momentum is not so clear for opening a new position I guess....

Any idea?

Good morning everybody, A good day to oversleep. So, what are we doing? which way are we going? whats going on? who the hell are you? but most importantly, where is my coffee?

I am Long Cable Long

Yes....price in the inflation news ....so
1. go long until ur 266 then

2. go short and close shorts tomorow if the goods turned out to be good, 10:30 GBPTrade Balance http://www.forexfactory.com/images/m...mpact_high.gif
-6.5B-6.3B

3. or add some more shorts at 2.0150, tp 2.0066

just kidding....i may found myself in loussy calls....i dont wona be the 4th....

A doji shown in my chart TF 15m. The pair has moved from 2.155 to a new high at 2.0248 in this session... (What a move)

Shall the pair moves along with the trend...

I closed my shorts few minutes ago. I guess it's signal to go short

Thats what I am waiting on. I think there is still a lot of down movement left before it goes back to the permanent up trend temporaily.

What time is this inflation report?