Cable Update (GBPUSD)

Shorting the gbp/usd didn't seem too bad of an idea. It did miss my target by 3 pips (bummer)....good thing I closed out @ 2.0765.

bearish pattern forming on the daily, once that is complete cable will go to hell while soros jr will say 2.2xxx

Crazy >>>>>>>>>>>>> CRAZY ..... CABLE

DRive Me CRAzy

there only one thing left for you, Jump Off A Bridge

0745 is the hell's door. Above that, this thread will go on bulls, bears, nerves in collapse, godzilla charts, soros jokes.

NFP will spice it up a notch tomorrow...

keep an eye on the daily candle

short gu short......

well i luv to say it...

Based on who's closing time? Seems everyone uses their own.

I use IBFX, everybody should trade what they see on their own charts.

...Dow plunge more than 200 but cable hardly move...may be never again below 0750

EURUSD is trying to go down, usually good indication of what to expect from GBPUSD....

I am thinking that most people who want to make sure they keep their profits will sell with fear of losing it tomorrow if payroll is USD +ve...plus it is the weekend....

GBP/USD: Weighed Down by Latest Northern Rock Borrowing News London, November 1. The Reuters-reported news that BoE balance sheet data indicates that Northern Rock has borrowed a further GBP 2.2bn from the BoE over the past week is helping to keep cable below the new 26-year peak of 2.0852 scaled in early NY trade. Northern Rock has now borrowed a cumulative GBP 22.8bn from the BoE. US stock market losses are also weighing on the high-yielding pound.
Lows just shy of 2.0780 have been plumbed on the pullback from 2.0852. Sub- 2.0780 support points include 2.0755 (European morning, intra-day low), 2.0743 (Wednesday"s early Europe high) and 2.0705 (Tuesday"s top).
Tomorrow"s key event risk is the 12:30GMT publication of October"s US employment report

I have just received a fax from Queen. She has advised all buyers to either hedge their trades or go short. She hates 800 figure actually. That's some unlucky kinda thing for her. So, all traders warned - " be aware buyers "

Up it goes again....

nothing seems to be able to save the dollar.. even more dollar negative data.. 2.10 here we come <G> unless the carry's unwind

WOW !

and to think that I said "this thing cannot go any higher than this..."

..this is totally B.S !

what the hell did something happen ?

I just read a report that stated that "due to inflation concerns, a BOE rate cut is off the table."