Cable Update (GBPUSD)

My trendline worked lol

Very, VERY important to read:

http://www.forexfactory.com/news.php?do=news&id=57999

PS: in case you don't know the report is published every Tuesday and tells you what big banks/inst. investors are buying/selling. Unfortunately the data is always delayed of about 1 week. Then again, these kind of investors usually keep positions for long and are not active as we are, so 1 week is not that bad...

look like we just might be heading south.

2.0655 seems to be holding

holding strong for now, lets see where it's going.

u mean it didn't work before btw u got a cool elliot wave oscillator. mind to share it to us by uploadin the indicator? thx

np will upload in a few mins

1 Elliott Wave Oscillator

opps u may need this one as well lol

I am downloading it too.

TQ

thx tim! appreciate it

Bull run! lol

im not sure where G/U is heading right now, im switching to G/J & U/J atm,,
@hourly chart yen is gaining strength. a few hundred bearish??
i shorted gj from 225.11.. wish me luck guys

Again

..if GU break 2.0639 ...it will be down 2 cents

Morning all,

I just woke up and i look at the chart... i see 2.0500, 2.0400, 2.0300 , 2.0200, 2.0100

DOWN CABLE DOWN!!!

Who still short? keep shorts...

something 4 u to read

USD/JPY: As High As 109.16 Overnight, Stops 109.20+, Better Bid Tokyo, November 28. USD/JPY is opening trading in Tokyo much better bid, holding currently at 108.77/80, near the highs seen yesterday after news that ADIA bought a nice chunk of Citibank shares. With the Financial Times reporting that sovereign funds, recently considered the bogeyman for financial markets amongst G7 officials, are looking at placing more funds into now-cheaper financial institutions, stock markets are likely to trade more buoyantly. These players are now considered white knights and have infused the financial markets with much needed cash and liquidity. This will probably not be lost amongst G7 officials when they meet next. Be that as it may, with Wall Street rallying strongly on the ADIA news, stock markets here are likely to move up some more, and this can only be good for USD/JPY and JPY crosses where the focus has been almost squarely on stocks. USD/JPY remains bid and the talk is that intra-day specs will be targeting stops above the New York high from the 109.20 level. More technical resistance is eyed just above at 109.45-50, 109.46 where the Ichimoku tenkan line is. USD/JPY has not closed above this level since early in the month, and a break and close above could spell the end to the current downswing. Stops are likely above this level. The kijun line is quite a ways above at 111.59 today. Support below looks to be stiffening towards 108.00, where importers and Japanese investors, retail and institutional, could very well return. Key support below remains in the low-107 area, a double bottom from yesterday and Monday.

i already took my short at 690 t/p 550, s/l 725, jump out my long from 620 at 690, i don't realy have a clue with this one, so now im on the short train, lol

Cable might go up for 20-30 pips before london open...but overall, short all the wayyyy.....