Cable Update (GBPUSD)

Looks like cable going now hit 2.0645

There i start looking short signal too .

what are your thoughts Q?

i still stick with my plan.
1min before the news i will set my stoploss very tight incase cable go up.

And UP we go...sorry QS, not with you this time

ill take a little ride up and an even bigger one down!!!

Anyone who lives in the UK knows they cant sell their house

and now 2 statistics pop up and everyone treats it like its a new revelation

I have been saying on here for 8 months now that I cannot sell my UK house and more importantly, neither can anyone I know. A penny worth of reporting from the ground, from the street, is worth more than all these statistics which are horribly lagged

But the idea that the big players who form this market didnt know that UK housing has been sexually intercoursed for 6 months is unthinkable

So I think the gbp will bounce back up and really everyone knew the situation before these stats came out.....

It's more about the euro which is taking a little rest..

ok a word from the ground here in Florida - the US housing market aint going to revive any time soon - the language on the 'for sale' signs is becoming more shrill with every passing day

So I go for Two - oh - eight - with a bit of a wait. Need confirmation ? look at the 2 year chart...I am looking at it....

Down Cable Down!!!!

UP OR DOWN??????????

news telling us it should go up!!!

but the techiqe is favouring in down!

rally up, then down maybe

nothing happen

Sure.. no problem... wish you good luck.

all us news telling

US is going weaker and gbp will go increase soon

but i dont know when the real time is going to go or up?

GMT November 29th GBP/USD Sell stops are tipped below 2.0580 (2.0582 was yesterday"s intra-week low). RH

FX OPTIONS: More Demand For GBP Downside Strikes London, November 29. Ongoing demand for mid curve downside strikes in London today, with the earlier reported 6m 1.8400 GBP put said to have traded as much as GBP 300mln at 8.4 soon after the London open. Various other strikes said to have gone through in the vicinity today over the past few days. Risk reversals remain well bid for downside - with entire 25 delta curve reaching levels around 1.3 GBP puts yesterday, as market remains very short the downside. NB - 6m 10 deltas said to be at multi year highs around 1.8 GBP puts.

Cable stuck within the triangle for 6 hrs!!
and still don't have clear breakout.

and how does this help long or short?

Now it will break to the upside coz I bought it at 2.0605
just be patient boy.

as far as i know, if it trips the sell stops it will go down more

no, cable will go down