Cable Update (GBPUSD)

I see Jibleanu has managed to pissed people off with his "miracle calls". Honestly what a nob.

Awesome. Congrats. Know when to fold them.

300 pips in an hour are lots of weight for this trend line....

The doji and the bearish candle on the H4 may still bring it down. Stoch on 80 RSI about to reach 50...

i guess Jibleanu should go to hell.

http://www.forexfactory.com/showpost...32&postcount=1

never lose system eh? Good luck selling it in another forum mate

Why do they do it....... lets see what shall I dream up in 4 hours time.

Well there has been an 'explosion' wait for the dust to settle now not traded today and looking at this will leave it now until US session such a move is not worth 'gambling' on for me.

Mmmm its a nice day, a walk will clear the air. Might also clear that smell...... what is that again......mmmm bs was it

hi guys, this is my trade level



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support resistance

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There was severe divergence on the half hour chart MACD. However there has been divergance the last couple of nights and the Cable still went up.

Frankly the big move was very, very fishy to me. I stayed out the last half hour before the reports. I went off and did other things and came back about a minute before the reports and I saw that there was a huge move down. I have seen plenty of moves set up before a major report but this one smells very fishy to me. I honestly think someone big had inside information.

Hmmmmmmmmmmmmmmmmmmmmmmm yummy!!!

GBP/USD
GBP/CHF
GBP/JPY
EUR/GBP

damn!!! =D combined,.....about 1000pips+ with 100,000 units!!

holyshit!!

Champagne anyone?? LOL

Too right Wornboy......

now may GBP/USD go up.......

Agreed, or leaked as mentioned earlier. Plus after a big move a down like that triggers sell orders and the more triggered the further the drop. Its all part and parcel of trading we see it every now and again. But rarely so big and fast....

To all the newbies see how much you could loose in an hour with no stop loss.......

Sorry I tried already and not successful. I found that my internal network doesn't permit to upload files to outside. Bored. I am trading with Center of Gravity. It helps me catch top and bottom tails very effectively. I trade on 4H chart. I short at the top of the second 4H candle of the day today. Beause it touched to the most sensitive sell point (just for scalping, not for trend). Cheers!

i "think" so, 5600 may be a huge resistance.

Is this the V shape recovery King was talking about?
lol

Just a thought, this reminds me of New Years Eve.......

No not getting drunk or anything else. We had a very fast drop then, even quicker if I recall.....

Just closed 4 scalped order.. so lucky...

quote from bloomberg

U.K. Might Lose AAA Rating at S&P as Finances Worsen; Pound, Stocks Tumble

U.K. Credit-Rating Outlook Lowered to ‘Negative’ by S&P on Debt

By Lukanyo Mnyanda
May 21 (Bloomberg) -- Britain’s top-level credit rating is more likely to be cut by Standard & Poor’s as the government’s finances deteriorate amid the worst recession since World War II.
The U.K.’s AAA outlook was lowered to “negative” from “stable” because of the nation’s increasing “debt burden,” S&P said in a statement today. The government’s budget deficit this year will reach 175 billion pounds ($273 billion), or 12.4 percent of gross domestic product, Chancellor of the Exchequer Alistair Darling said on April 22.
A downgrade would make Britain at least the fifth European Union nation to be cut this year because of the economic slump, joining Ireland, Greece, Portugal and Spain. The U.K. plans to sell a record 220 billion pounds of bonds in the fiscal year through March 2010 as the recession cuts revenue and forces the government to raise spending.
“We have revised the outlook on the U.K. to negative due to our view that, even assuming additional fiscal tightening, the net general government debt burden could approach 100 percent of gross domestic product and remain near that level in the medium term,” S&P analysts including David Beers in London, said in a report today.
The difference in yield, or spread, between U.K. 10-year bonds and equivalent German securities widened nine basis points to 24 basis points following the statement.
The British economy, the second largest in Europe, shrank 1.9 percent in the first quarter, the biggest contraction since 1979, when Margaret Thatcher became Prime Minister, the Office for National Statistics said on April 24. Darling said in his budget the economy will slump about 3.5 percent this year, before expanding in 2010.

I am short aiming 1.5510

let's see if it falls even more.