Cable Update (GBPUSD)

How can things be so bad in the UK? All 4 bright red numbers.

what u have to remeber is forex cable is a fight to give a value of pound against economic factors ..the trend is down but alsways pice will at least achieve 1.98 unless we fall a bit deeper in the downward spiral


that time isnt yet...
child poverty targets cannot be achieved and it is said that poor people here in UK actually getting poorer...so its a bit gloomy for UK at the moment but as u guys know already..this currency is a yoyo

what hopefully will bring cable up is...bad US data

if u keep watching this currency u see that..the chart translates the state of crisis between the 2...4 r candle allow flexability of price to deviate. like now we went down...b4 we looked like we going up, so this movement down may just produce a pin which would give the same direction as b4 news....its all calculated and works fantastically in its own way...

what is happenning can anybody tell me. Which way is the cable heading?

Drop 40 pips an rebounced again 40 pips. What does it mean ?

My chart is telling me that we must go south, next stop 9450...

nAV.. what is a 'pin'
please explain to an old dufus that is just learning the lingo

tnx

Moe what is your idea ?

First test of the ascending supp t/line on 4hr now 9485/90 area,..MNI were touting 'medium bids' in the area and of course it is also the area of Mthly S1 pivot

hammer, doji shooting star.....long shadow small body

Potential resistance areas to upside 9575/85, 9600/10, (9620/25) 9650, 9700/10.
Potential Support areas to downside: 9490/80, 9450, 9420/10

i hate market when it act like a S L U T , up and down

hey macK, check out the thread called "James 16 chart thread" under the "trading systems" section here in FF. James first mentions the pinbar in post #34

(there is a great one on the USD/CAD daily by the way)

im long 9517 and 9533 im about to close 9533 trade

no please don't

im in at 9517, i just close 1.9533 at 1.9565

how you doing there navin

Moe wake up man

im awake, for now

lol its a ping pong period between 520 / 570

Think cable got any more bull muscle?