Cable Update (GBPUSD)

Sir, You're as One of Senior Trader in FF (had a Special Methode)
I appreciate your techniques and Learned a Lot from you

And Thank you very much for your Voucher

Is this just me, or doesn't it seem like if the gap were to be filled, it would have by now? Just making my observations of past week opening gaps... don't mind me if this goes against your trade of course...

Patience is the key still holding my longs from 1.5155.

What's ur sl on your longs?

tooo slow hi salam where are u guys a sleep

Thought there is a saying from ur part of the world that "the vulture is a patient bird." Or do u prefer that of John Bull: "the patient dog eats the fattest bone."

Wishing u the fattest of the pips

1.5125 SL I'm expecting a rebound before we dip in further

u too man greeny all the way . im talking about the room . i did eat last night it was a nice meal only meat no bones light meal no fat
and i m a hit and run bro

Hey Dr D and all, LOL, nice gap down! though! Luckily I left one lot open and caught it. Seems 5150 does want to give "yet" - Hope every one is rested for what Should be another volatile week!

was reading about the cable


Greece Now, U.K. Next as Scots Investors Ready for Pound Plunge

March 1 (Bloomberg) -- While the eyes of the world focus on Greece’s debt crisis, investors in Edinburgh are busy preparing for the U.K. to be next.
Turcan Connell, which caters to rich families, expects the pound to lose between 20 percent and 30 percent against the dollar once investors turn their sights on Britain as the government sells a record amount of debt. Concern that Greece won’t be able to cut its budget deficit helped send the euro 5 percent lower against the dollar this year.
“Alarm bells were ringing in Greece for a long time and when it happened, it happened very quickly,” Haig Bathgate, head of strategy at Turcan Connell, said at the company’s offices in the Scottish capital. “The U.K. is in a similar predicament. It could be hit very hard.”
Money managers in Edinburgh, where investment decisions have been made on behalf of insurers, pensioners and the wealthy for two centuries, are maneuvering to protect assets from the U.K. economy as it limps out of its worst recession on record.
Bruce Stout, whose Murray International Trust Plc in Edinburgh has doubled over the past five years, said the chance of a plummeting pound are “better than even” and his biggest holdings are in Asia and Latin America. He called sterling a “very vulnerable currency.”
U.K. fund managers at Aegon Asset Management and Scottish Widows Investment Partnership, together responsible for more than 30 billion pounds ($45 billion), said in January they are buying companies that do the bulk of their business abroad.
‘Very Dire’
“When there’s a fiscal crisis, the markets tend to punish that country very quickly,” said Bathgate, who is responsible for 560 million pounds. “I don’t think Britain is in nearly as bad a position as Greece. We’ve got a good taxation system, however the position of the economy is very dire.”
The U.K.’s budget deficit is roughly the same as Greece’s, both exceeding 12 percent of economic output. Moody’s Investors Service and Standard & Poor’s said last week they may cut Greece’s credit rating as the five-month-old government struggles to curb spending and control its debt.
British Prime Minister Gordon Brown’s government in December increased its planned gilt sales for the financial year ending this month to a record 225.1 billion pounds from the 220 billion pounds announced in April. Moody’s Investors Service said in December the U.K. may “test the Aaa boundaries.”
Brown must call an election by June and some polls signal that no party will emerge with a clear majority.
Hung Parliament
A so-called hung parliament or signs retail sales and economic growth aren’t recovering as expected might be the catalysts for the pound to accelerate declines, Bathgate said. The Office for National Statistics last week revised up the rate of economic growth for the fourth quarter to 0.3 percent from a previous estimate of 0.1 percent.
“There could be a number of triggers,” he said. “If there’s indecision about how you deal with a problem, that’s when things start to fall apart. We could be in the position where the spotlight turns to the U.K.”
The pound may fall below parity with the euro and drop to the lowest level against the dollar since the mid-1980s should the U.K. cut spending too quickly, Mansoor Mohi-Uddin, chief currency strategist at UBS AG, said in a Feb. 24 report.
Sterling slid to a nine-month nadir against the dollar last week, trading at $1.52. Zurich-based UBS, the world’s second- biggest currency trader, predicted it could fall “quickly back” to $1.05 or below.
‘Devalue the Currency’
The pound may come under further pressure with the Bank of England resuming its quantitative-easing program, a process of injecting new money into the economy, within the next three to four months, Bathgate said. Policy maker Adam Posen said Feb. 24 the central bank may expand the 200 billion-pound asset-purchase plan should the economic recovery prove weaker than expected.
“If it comes back then we’re likely to be the only people doing that in the world at that time,” said Bathgate. “My strong view is the government is trying to create inflation and devalue the currency.”
Bathgate said he sold conventional U.K. government-bond investments at the end of 2008 and only holds index-linked securities because of concern inflation may accelerate.
The firm also has reduced holdings in corporate bonds because of the potential “knock-on impact” from a decline in government securities.
The yield on the benchmark 10-year gilt dropped 24 basis points to 4.03 percent last week. The yield on Greek 10-year bonds fell 6 points to 6.39 percent. German bunds, the region’s benchmark debt, declined 18 points to 3.10 percent.
Turcan Connell, whose clients typically have at least 5 million pounds to invest, was founded in 1998 and oversees about 1 billion pounds in total. Bathgate is responsible for allocating money to different funds, and half is currently in stocks portfolios with 30 percent in hedge funds and other so- called alternative investments.

i thought you will say....

"Kill, i hope you are patient enough, remember, you will get the fattest one.. "


hihihi.... kill...,

intresting action in cable.

Looks like a descending triangle setting up on the intraday timeframes.

But I am watching ASIA here intresting to see how that is behaving tonight.

hiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiii how are u

some how they are nice but love slim

Phoenix's Code :
First ^ & Second v

Hi jawa .... I consider short 1.5160 ! Stop Loss 1.5180 !

Hello to all!

from citibank:

GBP/USD
(GBP/HKD)

Bank of England officials commented last week that the
central bank may expand quantitative easing program,
together with U.K. recorded fiscal deficit in January,
which suppressed the pound.

The pair may find support at 1.4985 (11.6284) in the
short term, and resistance maybe capped at 1.5815
(12.2724).
Short term comment - Neutral
0-3Mths forecast - 1.5500 (12.0280)
Suport - 1.4985 (11.6284)
Resistans - 1.5815 (12.2724

I think on this week:
we are between 1.515* and 1.524*
on H4 goals up to 1. 1.5323; 2. 1.5452; 3. 1.5527; 4. 1.5575; 5. 1.5667.

who agree?

enough talking about slim or fat with you...,i know where it would be end.,,




hope good week for all...,

Down 1st or up 1st from DP 1.5159 is my concern currently, and I choose goes down 1st !

hi

if we break 15000 hell will break lossss and we might see 14500

in about 1h we will find out