Cable Update (GBPUSD)

4hr candle tells me to go long..

Not sure yet.. depends on market conditions later.. or next week.

I also have a long position and confirmation (30minTF)...you still holding @2.04?

1 more hour.. n then i think we will see some movement .. i'm still holding to my long anyway.
ooops.. wrong.. it's moving now.. bear.. bear

Yeah, I need a 3rd confirmation on my next 1hr candle to help me stop sweating.

SL close.......

WTF going on? Hit my BE. I have no idea now.. long? short? i stay aside for a while.

damn euro...news wasn't all that bad.
:surprised

I'm going to wait for this breakout..

gbp still bearish pals...according to my 2 cent ...it'll go to 2.0257....or above

Euro taking nock fron CHF fund news, I thing GBP reacting to euro centiment. I think it will return to upward movement, I hope down 30 odd pips but seem to be correcting

GBP/USD: Elicits Support at 2.0407 Asian Session Base London, November 16. Cable elicited support at today"s Asian session base of 2.0407 after another sharp fall from the low 2.0480"s. The buy interest at 2.0407 in Asia was described as "decent".
Today"s volatile early Europe price action is reminiscent of 24 hours ago, albeit on a different big figure. A UK clearer was then a very good size seller of GBP/USD from the 2.0590"s, depressing the rate to the 2.0520"s (pre-UK retail sales). The whisper was that the UK clearer selling may have been M&A-related, and that the name-in-the-frame might have more to go. Middle Eastern selling of GBP was also noted 24 hours ago, allegedly linked to a failed M&A deal.
Touted sell stops below 2.0400 could spur fresh downward momentum towards 2.0335 (100-day moving average) if tripped. 2.0320 is the 2% MA band.
Buy stops are now pegged above 2.0505 (Thursday"s Asian session base). Sell stops below 2.0500 were tripped yesterday, on the back of disappointing UK retail sales figures.

FX OPTIONS: Cable Vols Meet Early Demand London, November 16. GBP remains weak in the low 2.04"s, since its slide from 2.0850 Wednesday. BoE inflation report prompting initial losses, while yesterday"s weak UK retail sales data, was the catalyst for the push down toward 2.0400 (data indicates potential for near term rate easing). Early buying of front end vols this morning, although yesterday"s highs remain intact for now - 1m atmf just shy of its 10.5 peak (recall traded 250mln at the highs yesterday, after gains from 9.8). 2m atmf has gone through at 9.9 this morning and 3m is 9.75 (mid). 1yr atmf remains firm on its 8.8 peak. Elsewhere this morning - 20 Dec 2.0300 GBP puts were paid at 11.0. 1m 25 delta risk reversal is 1.1/1.3 GBP puts (paid 1.25 Thursday).

Guys & Girls what signals are people looking for to go long here? I'm guess the break out shown here:

http://www.forexfactory.com/attachme...1&d=1195202026


any ideas??

maybe, and btw you could have posted the image, not the link

still waitin for the breakout..

Where is Moe?? i feel alone without him..

i went short at 2.411

gd luck.. i have to wait the next candle for confirmation.

GBP/USD: Sub-2.0400-05 Sell Stops Tripped, New 24-Day Low Hit London, November 16. Tripped sell stops below 2.0400-05 have helped depress cable to a new 24-day low of 2.0386. Further sell stops reportedly reside under 2.0380.
Some profit-take buy interest might emerge at 2.0320-35 if the support window is tested. 2.0335 is the 100-day moving average. 2.0320 is the 2% MA band. A trend-line support point drawn off 1.9653 (Aug 17 low) also comes in just ahead of 2.0320.