Cable Update (GBPUSD)

Long Euro 3880 triggered

A-H strategy, after the bounce off 3843....

adding 3905, trailing 50, 1.45 -> bring it on Bernie!!!!!!!!!!!!!!!!!!

Nice weekend to you all...

I won't say that this is the worst week for cable trading, but this is the worst month for cable, I have a feeling that cable will stay like this till the end of this month, every month has it's own taste, shit was the taste of this month

Hahahaa Go relax pino and forget about cable

Dow down - Not!

Well pino2, everybody knows that the Pound is doomed to extinction, this might be the end of the days for it.

I'm sorry for the Britains here but common, Euro rules and your currency is poison for your exports. If you have to vote to extinguish the pound, please do it.

What a BLESSED week huh guys !!!!!!!!!! Hope the next one will bring a stand still by the FED and........life is beautiful !!!!!!!!!!

God bless us all !!!!!!!!!!!!!

nice weekend for all

now is GBP, which next? AUD? PS. calling for CWH

U looking for me?.. Have we met before?..

I suppose u didn't help them too much dude

I hope u'll remember us next time we meet

Nope, i'm from selangor, mayb to have "tea-pull"

hah i like all those 'optimistic' people who predict the end of pound )

its just amazing you see some smallerst glitch and suddenly everyone is panicking. Nothern rock asked for emergency loan without really needing one and look what happens :queues of people trying to withdraw their cash and making the problem, if you can call it that, even worse.

Euro better currency?? don't make me laugh, its all just temporary

On the different note if some of you rememeber my comparison of gold to the pound last week ( i think its on page somewhere between 1974 and 1977) pound seems to resemble the gold movement more and more ,only difference is that it happens slower ( like the graph i posted comparing eur/usd and USD/CAD, where USD/CAD followed the same pattern like euro/usd but few months later and slower, also on 1974-1977 pages).
So accodring to that theory pound should find some very strong support soon, although i dont know at what level and then go up again to at least 2.03. We'll just have to wait and see


EDIT: ok just checked its page 1977 first two posts

ok ill try to trade this pound gold smilarity so my plan as follows )

Buy cable at 9970 area with stop at 9920 then if it gets to 220 again ill exit and go short at 220 with stop at 270 and target 2.0020, seem to be good R:R ratios ,so wish me luck.

btw i think pound will get to 9970 this week coming or early next week )

god i probably sound like trying to predict the market

I thinking on Wednesday i might by me a few Northern rock shares.
Already talks by some company about a take over bid, they tried before but Couldn't afford it.

I think NR chairman being paid very nicly for bringing price down to affordable level for take over. someone will always make money out of bad news

we wait and see

Alot of E.W people have been calling for a C wave (of the ABC correction) on the daily. And that means last months correction is not over yet and we may see a new low. Despit of the feds cut. Who knows it may add to the sell off, the signs are there and I can see it happening, However, There are also signs saying this is a retracement to the uptrend and this baby will hit 2.04 or even .06
Who knows? There are many ways to look at it and come up with conflicting conclusions on where we are heading to next which is why I am just going to follow it instead of guessing of where it will go.

Oh yeah, WATERCOOLER BREAK EVERYONE!!!!!!!!!!

Yep, there are so many different ways to look at the charts. Often different ways conflict. I find it best to find my strategy and stick to it.

Which ever way it's going....I'm ready......

Nice pics fellas.....

Having a drink for all of you.....

Looking forward to an exciting upcoming week.......:surprised