Cable Update (GBPUSD)

Cesar,

Nobody got it that it is the songs not the artists that are important on your list.



Sun

i can't believe it either.

would like to add also
I've got the power

That would be -30% for the US equities...

preparing for my emigration, I sold £175k of tax sheltered UK mutual funds a couple of months ago as all the income is taxed at up to 100% in the US under 'foreign passive income' I only paid £60k for em so that is a lot of tax...

thats what you call dodging a bullet !

i wish it had been by skill rather than luck but the end result is the same...

jeez would i be sweating that now if i still had em !

cash is king !

Ok..

http://img102.imageshack.us/img102/7056/gbpue0.jpg


For me is not about how much down it goes, is how much up it doesn't go.

Somewhere within this or the next month, there will be a rebound based on a sentiment change. It may be a strong sentiment or weak sentiment, but a change is a probable thing because it happens a lot.

If the price doesn't break the top and then starts to fall again like this...

That's what will change my mind.

The price might break the actual known trend lines, the price might break a 382 fib from the bull run started in 2006, but that only means the trend as we know has ended, not the overall up trend that will probably find another inclination to proceed.

Yes European rates have probably peaked for now just like US. But fact... Europe is still growing faster and have faster growing predictions for the next years.

The Euro/Usd peak in 2004/2005 was followed by a series of Euroland really bad news. Are we seeing that?

And what happened to that known sentiment that the Euro is becoming the currency of the world?

Euro is falling based on carries unwinding, which means that when this really ends, the up rise inclination might be monstrous because the euro will be seen as cheap.

Not forgetting that Europe has too emerging markets. East europe is growing and they have great. quality of ppl considering schoolarity and specialization.




Btw, i'm being serious. I'm giving an opinion that i hope somebody corrects if there are some errors. So.. get out of your "pedestal" and think about it.

Dow - I agree 12735 area for support is muito importante !!

I'm ready for 12500 if you are.

Okay, well I put on my last trade for today, I'm tired of making pips, my fingers hurt. Been doing nothing but since I woke up. Let's hit 150 EJ and 220 GJ, 109 USDJPY and then just leave the rest to bleed silently...trading majors has been a major bore.

I'm bowing out again.

Short GJ 227 (fail 78%) + UJ 114.35, all-or-nothing trade. SL at B/E already.

Ooh, and also, Dow Jones showing teeth to 12,700.

HI!
I came back from perfect vacations in Croatia now I am watching what has passed me by...... a lot of good oportunities.....

Hope you got some pips Cesarnc....
Need a few days to get in touch with a market thought...

And no sooner Dow heads down, cable goes also. Down further in the uptrend. :

:surprised

Look who is in the room guys......SOROS Jr !!!!!!!!!!!!!!

Cable targets @ 1.9874 & 1.9905 then 1.9769 & 1.9736

happy trading

Checking Brightfutures (thanks Orions for this info) Yesterday´s Cable futures close with higher prices as you can see. Lower close 1.9927 and higher close 2.0227.

This is new for me and I ´m far away to understand this in a 100%. I don´t know if this enough to see spot forex to follow this way but I think is interesting to know

LOL

Stopped out on the carries for zero... 12,700 held...

Gonna catch up after 12am...

Back later.

welcome back my friend SorosJR

how is the 7th heaven??
you know
I discovered that money isn't everything

but the first step is to cover

Soros Jr didn't stick around to chat. Guess he has appointment elsewhere. Loan officer maybe.

Sr. cut him off.

did you know that humility is the key to forex success?
be humble as there are some here who are losing their trades.
i mean really.. talk about big egos and such.

sheesh..

I think I need patience now with my long GU

**&^%$"*%"£$"*%£!!!