Cable Update (GBPUSD)

and today Strenght winners are :

The England axe : Canadian $ and British Pound!!!!.
dominating the market this 2 currencies have a big upside potential while everything fall against USD these defies the law of gravity and say to usd.
dont mess with us. we are the axe.

gbp testing morning resistance.. H1 Bar Highest Close(2.0195)

Why GbpUsd up and EurUsd Down?

so far across the board it seems market is starting to turn against the usd.
thinking in longing gu now.

we just close above the highest bar and pivot. it looks like a reversal pattern.
the upside potential is huge if we manage to break eu 1,44 mark and close the session above it.
target 2.0300 at least.

eu downtrend damaged.

CABLE UP, UP, UP!!!!!

can't believe I woke in middle of the night and dumped at lows.

50/50 chance with this, and I am on a bad streak.

Hope to turn it around with a couple of dolalr shorts from here, not in GBP however. Notice the EURGBP weakness I was preaching played out...too bad i could stick by my guns.

C'est la vie.

Ok, so cable has bounced in this area. Now if daily will close above 2.0203, so I presime that we will close week in the 2.0500 area.

I hope I didn't miss my chance to close. Doesn't look good now.
Any of you guys use Elliot Wave BTW?

short on cable. dont understand why cable advanced after such poor housing market data. surely a reason to see rates drop early next year.

Its allways like this Mondays is no clear signal days we called it "Blue Monday" !

It's almost like the news is tailor made for all those institutional shorts who surely loaded the boat around 210

What a difference a week makes. Was flying high last week. Now treading water again.

Look tommorrow NEWs :
7:00am CADCPI m/m 0.2%-0.3%
7:00am CADCore CPI m/m 0.2%-0.2%
you know guys what that mean ??
Go SHORT 3 minutes before NEWs and you see its Droped 50....more pipses with 20 seconds .Im sure NEWs is better than they Forecast !!!!
I get my ass in with 6 LOT there tommorrow !!

we are having housing problems in many places.
now the thing is where is worse the housing problem, so far it has not been reported uk consumers have taken a big hit of this, unlike usa citizens.

also dont know why the market has overreacted to usa sales when the most discounts were given in november and we also had a big bargain black friday.
i am not an economist and was expecting around those numbers, its pretty normal.

the month which really is going to measure the usa consumer is called january, and i expect horribilis numbers. unlike eurozone or uk.

if news is better than forcast then surely u want to be long on gbp/usd!!

CPI will be lower than expected IMO. It my 50/50 guess.

check out this guys :

http://edition.cnn.com/video/#/video...ency.ponsi.cnn

guessing in not permitted in forex, thats for vegas. with the recent prices you are paying at the gas station, you think that the cpi will be lower???

That was said very well. The question is, how much farther will the Euro head down first?

it could go still lower, but the sure thing is going to touch 1.4450 - 1.4500 first.

He says USD strong or Low ?

Yes baby cable is 200 area