Cable Update (GBPUSD)

From hourly chart..

Candles pattern HH-HL..
MACD, Stochastic, RSI ~ Bullish..
pivot at 6310..

Play range and action...

We have played up to the hourly resistance, and dropped to the 4hr support.

The daily MACD is just above zero, assumption of the long trend will take place if we close above the 24sma on the hourly, but London might still wanna take a bite at Fridays low.

Never can trust a Sunday...

http://www.telegraph.co.uk/finance/c...ng-around.html

6300..moving SL to BE+1..TP open..

probably gu will touch 6316 ,,,the previous high of 15 jan 2010....

what ddo u guys think???

As someone just said - you can't trust a sunday...

esp considering that is a bank holiday in the US on monday.

Good call Mate!! I'm waiting to see more action to enter the market. Hopefully the UK session we'll bring it.
GL to all!!!

Congratz bro ! Hold a moment bro may go to 1.6354/67, just watched 1.6309/12 on H1/H4 hold or close!

Just my luck..

6310..moving SL to BE+5..TP open..

Thanks TRABAGWE for the info! GBP is going

" The audience that matters, though, is the thousands of institutional investors who daily decide if UK sovereign debt is a place to park their funds. The Bank of England is about to stop buying gilts with funny money. Our chaotic public finances will soon be exposed to "real investors". And they're not impressed by spin.

The UK economy is on the cusp of a whole new world of pain, yet our leaders play mind games with those now only reluctantly supplying the cash that's standing between us and financial ruin."

i agree with you but still wait euro session

6310..profit taken..

return to initial goal..

Well. we are facing 100MA on daily. I think if we break the MA and the red trendline we can have a clear bullish momentum targeting the upper line ot the Andrew's Pitchfork . I'm out of the market as I can't see a clear direction in this moment.
Any thoughts???

This is too true to be funny.

The next time you hear a politician use the
word 'billion' in a casual manner, think about
whether you want the 'politicians' spending
YOUR tax money.

A billion is a difficult number to comprehend,
but one advertising agency did a good job of
putting that figure into some perspective in
one of it's releases.


A.
A billion seconds ago it was 1959.

B.
A billion minutes ago Jesus was alive.

C.
A billion hours ago our ancestors were
living in the Stone Age.

D.
A billion days ago no-one walked on the earth on two feet.

E.
A billion dollars ago was only
8 hours and 20 minutes,
at the rate our government
is spending it.

While this thought is still fresh in our brain...
let's take a look at New Orleans ..
It's amazing what you can learn with some simple division.


Louisiana Senator,
Mary Landrieu (D)
is presently asking Congress for
250 BILLION DOLLARS
to rebuild New Orleans . Interesting number...
what does it mean?

A.
Well... if you are one of the 484,674 residents of New Orleans
(every man, woman, and child)
you each get $516,528.

B.
Or... if you have one of the 188,251 homes in
New Orleans , your home gets $1,329,787.

C.
Or... if you are a family of four...
your family gets $2,066,012.

Washington , D. C

< HELLO! >
Are all your calculators broken??

Accounts Receivable Tax
Building Permit Tax
CDL License Tax
Cigarette Tax
Corporate Income Tax
Dog License Tax
Federal Income Tax < BR>Federal Unemployment Tax (FUTA)
Fishing License Tax
Food License Tax
Fuel Permit Tax
Gasoline Tax
Hunting License Tax
Inheritance Tax
Inventory Tax
IRS Interest Charges (tax on top of tax)
IRS Penalties (tax on top of tax)
Liquor Tax
Luxury Tax
Marriage License Tax
Medicare Tax
Property Tax
Real Estate Tax
Service charge taxes
Social Security Tax
Road Usage Tax (Truckers)
Sales Taxes
Recreational Vehicle Tax
School Tax
State Income Tax
State Unemployment Tax (SUTA)
Telephone Federal Excise Tax
Telephone Federal Universal Service Fee Tax
Telephone Federal, State and Local Surcharge Tax
Telephone Minimum Usage Surcharge Tax
Telephone Recurring and Non-recurring Charges Tax
Telephone State and Local Tax
Telephone Usage Charge Tax
Utility Tax
Vehicle License Registration Tax
Vehicle Sales Tax
Watercraft Registration Tax
Well Permit Tax
Workers Compensation Tax

STILL THINK THIS IS FUNNY?

Not one of these taxes existed 100 years ago...
and our nation was the most prosperous in the world.

We had absolutely no national debt...
We had the largest middle class in the world...
and Mom stayed home to raise the kids.

What happened?
Can you spell 'politicians!'

And I still have to
press '1'
for English.

I hope this goes around the
USA
at least 100 times

What the heck happened?????

just amazing ... if this stuff is true

thanks for sharing

In my setup from 7 matches, bulls win 5 to 2..
I'll consider only to open long for today..
but scalping in short time either bulls or bears side still welcome at any time..

Impatient waiting for London session open, I open a long 1.6308, target 1.6354/67 ! Stop loss 1.6300 ! I hope H1 another 2 minutes still hold above 1.6309/12 !

looking at the graph ..if it hit and crosses thr red trendline...then probably bullish.
But i see it as not going to touch ..in fact may turn down....why i say that is because..there is a sort of double top situation.....It is just my thought cos i m really new at this. i see it from that angle....

what do u think...??

Shit she may reverse down ! Let's wait what happened !

good luck bro..
I am waiting because H1 stoch at 90 (overbought)..