Cable Update (GBPUSD)

Just banked a few losses now... Asian stock market is going down in flames, reports say "ready to continue the correction downwards". See here

I may be wrong, but I don't want to be around in case 223s give up in the GJ pair.

GU way too volatile, raging too furiously and way too close of previous support to justify short positions from here.

Forecast GBP-negative news at 9:30 GMT may add to this already nasty environment...

Going to bed... Back by Lon open

exit .9291

Good Day

is this short from 1.9297 ... to 1.9263 is one minute ... could cable goes up

or the target now is 1.9190

There is a pennant on smaller time frame charts and it would suggest that the probability is for 9250 at least on the short term, lower is possible.

Gdp/usd – eur/usd – usd/chf are out of synch
Not a good sign

EUR/GBP stops above .6850 was gunned down. That was the trigger.

Hi

i think 1.9190 is good support for cable

[quote=benakavasu;243544]Balaji (HonaForex), Kindly check your email.

thanks and regards,

Vasu[/quote

Come online on gmail,i have send u Inviation for chat

Yup, 223s gave up, GU dragged down the whole.... I got my trades stopped at 9260, where I assumed would be the key.

Well, back to clueless and already long the hell out of EU, GU, GJ and UJ . Tight TP this time...

Now this AVATAR issue here... As the market is so sensitive these days, I fear for a possible FF unwinding and then a huge sheakout in the market

Ain't this beautiful? A cheerful Asian session, while I sleep, and now 4 hours bumping in a 20 pip range.....

It's being a negotiation between buying dollars and buying carries, as I see it.

Euro has hold well between 3180 / 3220, with dip buyer reported to lie at 3175. Note that EJ tumbled and EU barely moved.

As soon as Euro returns for a new stab at 3220, cable may go up (not foreseeing huge gains for the day) and that may prop GJ back well above 224.
That's what I'm trading.

Gotta go now... see you guys later.

when it seems we dont have the answear suddenly brokers came with solutions....here is their opinion...lol

1. NZDJPY - Sell at market for a test of recent lows and 200 day MA at 77.85. Add below support for a test of 77.10 further out. Support: 77.46. Resistance: 80.30.

2. USDJPY - Sell at the break of 115.55 for a test of support. Apply a 30 pip stop. Support: 114.85. Resistance: 116.60.

3. GBPUSD - GBP-weakness should give scope for a break of key support at 1.9180. Support: 1.9185. Resistance: 1.9352.

4. Nikkei 225: down 3% overnight and now in real trouble of breaking lower. Through the trend line we expect it to go for 15640. Much depends on today’s EU/US session.

5. Sell ZGJ7 at 645.00. Stops above 652.20. Target 630.00 & 612.00. Watch out for a break of the longer term trend line. Warning: Should the equity markets continue lower, this could have a spillover effect into Gold and Silver, spurring more liquidation.

Any theories about the recent lack of volatility?

lunch time ...i give more weight to what banks have to say, then brokers, they got more money, are more causios, etc.

Where's the analysis for GBP/USD? I can't seem to find it anywhere there. Thanks.

there is none,....maybe someone else could provide it, i did my best...no sorry they did their best....but i believ to my broker more when he sends me an e-mail, then when he publish bulshits on his trading platforma,...they offen change that, but they cant change the sent e-mail, cant they...lol

a note about F117's avatar...

firstly, i have deleted all the crap about the avatar from this thread. it is junking up this great trading discussion.

secondly, F117 has been banned per rule #2. his avatar was making fun of the prophet mohammed, which is very offensive to our muslim members. he refused to remove it and he wanted to make a big stink about freedom of speech etc. all this is detracts from our purpose at FF and will not be tolerated.

carry on, gentlemen

Bumping up against down trendline from mondays high through yesterdays high.

So... any reasoning why my 9:35 candle is 50 pips after an uneventful morning?

Like the head of central bank of america once said " markets are unpredictable, it is like flipping a coin"

We as traders try to predict, and as the statistics say 95% fail.. so it is on your end to guess why this kind of movement.. my theory is that some big guys out there that you can count them just control the game.. fullstop.