Cable Update (GBPUSD)

Hello Bullrock Welcome back .... Yeah its long .. but i think it must close above 1.9720 to change trend ... i think its still downtrend

I'm, Short Since 1.9665, lets see how it goes
PS. SL at 1.9680

Probably it is about time. Good call. If the market closes above 1.9695 this week, that would increase the probability of north movement for the next 2 weeks. Would you agree?


--TNT--

SL

Now if you were a rich yankee what would you do right now ?


Would you accept 3% (and falling ) on your money in the bank ?

Put it in stocks which could drop 10% any week at the moment or slide for a year ?

A side effect of being rich is that you become demanding

as soon as they realise that the rest of the world is not catching a cold when the USA sneezes and the dynamics and cliches have changed, they will go overseas to increase their returns..

that is when cable goes north

I am not that rich but I am going outside the US for better returns and I bet I am not alone

All this optimism for the dollar is crazy - sending out tax refund checks (cheques) just increases the fiscal deficit and holds up the trade balance deficit...

Its all about the election and the dollar is going to get sicker - the last few weeks since UK housing came off is an anomaly

Think about it - how can a government slash interest rates at an emergency meeting and give away tax money and the major banks have to get emergency funding and the currency gets stronger ?

Doesn't that equation seem odd ?

I am not backing that scenario

Well I was short from 2.033 despite my religion of LONG GU LONG. I liquidated most of my shorts this week and I am looking for long. But the transiton migh take weeks as we know. Might range for weeks. Or might go long. I have no idea but I dont have any long signals yet. All I know that my system shows that short is weakaning.The candlesticks on the daily shows a bottom (last 4-5 days)

hey guys how much movement are we expecting when the existing home sales releases???

short now.

now it looking like its gone long....how many pips from break of trend would u guys likely go for thinking exiting a position?

short now, quity market doing good and responding well to unemployment news.

Sorry I have a strong long GU signal on 4h chart. But you never know.

what makes u say short..can u please explain?

I too have a strong signal on 4hr chart. Went long at 1.9520 area. Just waiting for the signal from daily. If it close above 1.9695 this week, then I will take that as a "true" confirmation. But then again, as you said, we would never know. So true.


--TNT--

big fishes waiting.. anything cn happen, equity doing well, dollar is good, but news is bad.. lets pray together..

FX market is not a church, sorry.

it could reverse from1.9699 if not broken

i've sent my e-mail bro'...

I'm thinking maybe a quick pull back to 1.9625, maybe 1.9605. From there it may go up again or set for a while before moving.

LONG GU LONG

check email