Cable Update (GBPUSD)

good luck to you im staying short. i maybe wrong

im in wait mode!

Hi guys... Im still waiting the price move down to 2.0440 to start my trade... if not, may be it time to go my bed....

short or long trade ?

Geocosmics : Today Mars turn retrograde.
Markets unsettled.
Note that the all-time high of $850.00 for Gold occurred 18th January 1980, just a couple of days past a Mars retrograde(16th Jan.)!?

Still waiting.... but may be short if the price breakout this point...

Cable playing games the last 6 hour! up down up down just to confuse all. And it has if you look at all the comments and questions. So here it is....
If in doubt go short otherwise go long.....:

I hope it is short...last night i was like "It's gonna drop..." and I set it to start selling at 2.0500...but then I was like "Nah..." and I cancelled it. D'oh.

Then I woke up and I noticed it was dropping, and I'm like "I was right." And so I started selling short at 2.0440...and that just happened to be the bottom of that right now...

But, still, just looking at the trend lines, and the fact that stocks may end high today, means for a strong dollar, which means gbp/usd will drop....

At least...I hope so >_<

Even my crystal ball is cloudy now........................

Play ping pong with Cable ,,,,,,,,

GBP/USD: Outlook Looking Gloomier by the Day New York, November 15. The bad news continues for the recently beleaguered Cable, with the latest data out from the UK showing October retail sales slide -0.1% versus the consensus expectation that had been for +0.1%. To add insult to injury, the September retail sales reading was revised down to just 0.3% from 0.6% previously. This should continue to weigh on the pair with a slew of bad data seen over the past couple of weeks. The only potentially GBP supportive release came on Monday with inflation seen a little higher than expected, but this has once again been mitigated by today"s data, along with the BoE inflation report which shows inflation on the downturn.
On the other side of the coin, US CPI inflation numbers released this morning came in hotter than expected and while this does not necessarily bode well for the US stock market, it should translate into some USD buying, with market expectations for a Fed cut at the upcoming meeting seen declining as inflation still remains a concern. The Fed has emphasized that they are going to take a wait and see approach going forward having felt that they have done enough with the latest rate cut. The Fed remains caught between a rock and a hard place with inflation concerns on the one hand and market stability concerns on the other. Today"s data release suggests that the Fed will have their hands tied even tighter should the markets continue to deteriorate.
There is no doubt that the problems that the US economy has had to endure over the past several months have started to ripple over into other economies. The UK has begun to feel the impacts of the tightened credit conditions and successive rate hikes, and while the US has been the first to begin to cut rates, it has become apparent that England will need to follow suit. This leaves Cable vulnerable on a relative value basis, and as such we see the exchange rate continuing to drive lower in the days and weeks ahead.
Technically, 2.0365-70 becomes the next key level to watch below, with a break of the latter opening an acceleration towards previous inter-day consolidation lows by 2.0245. Below there, exposes critical longer-term rising trend-line support which comes in just over the 2 handle. A confirmed lower top is now in place by 2.0845, and only a break back above the latter negates bearish outlook and gives reason for pause.

i wonder if it will try 4 2.500 again

BS took over in Wall Street. Guess the news were uninspiring...

Gonna enjoy my rainy holiday now... Taking a nap, of course.

I don't think the fed will change the benchmark rate for a while after today's inflation report.. What do u guys think?

i have no idea

what is the next target of GBP/USD its right now 2.0439

what is the next target for today going up or down?

They shouldn't but they will succumb to the appeasement of wall street.

if i knew, i'd be on a beach in hawaii...
hello everyone, i'm back. how are things going?

For those of you still holding your shorts up



CHA CHING $$$$$

I'm holding a short...but I have this insane talent at shorting too late. so I shorted at 2.0440 araound 8 AM central this morning. Crap. Took all day to get break even...still too much to learn =/