Cable Update (GBPUSD)

eh gila la euroswiss.. tak mo la aku.. ahahahhaa

weekly chart show the strong down move to test the trend line at 1.4880, even the big time data coming up, retracment for this bearish is not coming yet befor testing the trend line.

good luck

aye .. twas neatly propped up. clear day open, clear dp, clear r1, clear r2 & just when you're getting that warm feeling all over ... BOOM! BOOM! BOOM! BOOM! ... cut thru all levels like knife thru butter.

Veo a muchos toros muertos ...

arabic bro plz

Morning A-speculator,

take a look at cady, we discussed the trendline and it is holding well, a nice 150 pip move since yesterday , waiting for the big downbreak now

--Adds Detail To Version Transmitted At 0824 GMT

LONDON (MNI) May 6 - Voting has started in the UK 2010 general

election with overnight opinion polls showing the Conservative lead

firming leaving it a close call as to whether they will win an overall

parliamentary majority.

In five extensive polls carried out through to Wednesday the

Conservatives average support is 36% compared to 35.4% in a 10 poll

average in polls conducted through Tuesday. Labour`s support has held

steady averaging 28.2% in these eve of election polls matching its

previous 10 poll average while the Liberal Democrats were down

fractionally in the five polls at 27%.

With the latest polls showing no dramatic last minute movement the

assumption remains it will be a close call as to whether the

Conservatives can get to above the 325 seat mark which would give them

a clear majority.

Spread betting shows they are expected to fall a sliver

short. The odds on BetFair for example centre on the Conservatives

winning 320 seats.

The widely available uniform national swing models show the

Conservatives fall well short of an overall majority but more

sophisticated election models again show them coming very close to

outright victory. Latest projections under the UNS method show the

Conservatives around 50 seats short of an overall majority.

The fivethirtyeight.com model widely feted for its accurate

predictions for the 2008 U.S. Presidential election predicts the

Conservatives will win 312 seats just 14 seats short of a majority.

Plugging the 10-poll average into another non-UNS model from

Charles Barry which has been publicised on fivethirtyeight.com shows

the Conservatives getting 301 seats and 308 based on the eve of

election average.

Michael Saunders economist at Citi highlights in a research note

the problems of extrapolating from national polls. The difficulties stem

from tactical voting the likelihood of a bigger Conservative swing in

the key marginal seats than in national polls and the high proportion of

voters still saying they could changer their minds

Saunders says that while a Conservative-led hung parliament is the

most likely outcome there is still a sizeable chance a Labour-led hung

parliament or a small Conservative majority but little chance of a

"comfortable Conservative majority".
5/6/2010 5:55:33 AM

Update

UK Election Daily

Conservative Lead Firms
Prepared by: FX Solutions, LLC Saddle River Executive Centre, One Route 17 South, Suite 260, Saddle River, NJ 07458
2 of 2
Privately Conservatives have talked about needing a 20-plus seat

majority to have a truly workable administration - any less and the

government is vulnerable to the whims of even a small rebel faction

within its ranks.

With the weather relatively good and reports of plenty of early

activity at the polling booths the turnout could be relatively high

adding to the uncertainty.

For what its worth the leading lights at the various polling

organisations have posted their own predictions of the outturn. Peter

Kellner at YouGov has Conservatives in a 300-310 range Anthony Wells

who hosts the popular ukpollingreport site concurs while pollsters

Angus Reid put them in a 320 to 340 range.

The first siginificant results from key Conservative target seats

namely those above the 300-seat mark in terms of winnability will not

start coming in until 0100 BST Friday (2400 GMT Thursday).

At that point the Gilt market will also reopen. Unless the exit

polls out at 2200 BST show a decisive swing in either direction it

will be well into Friday morning before it is known whether the UK is on

track for a majority Conservative government or not.

The following tables show the most recent national polls.

!End ! !Media ! ! ! !Conservative!

!Date of! !Outlet ! ! !Liberal !Lead Vs !

!Survey !Pollster! !Labour!Conservative!Democrat!Labour !

------------------------------------------------------------------------

05-May Populus Times 28 37 27 9

05-May YouGov Sun 28 35 28 7

05-May ComRes ITV/Indy 28 37 28 9

05-May ICM Guardin 28 36 26 8

05-May Opinium Express 27 35 26 8

04-May YouGov Sun 30 35 24 5

03-May ComRes ITV 29 37 26 8

03-May YouGov Sun 28 35 28 7

03-May Opinium Express 28 33 27 5

02-May YouGov Sun 28 34 29 6

-----------------------------------------------------------------------

10 poll average 28.2 35.4 26.9 7.2

High 30 37 29 9

Low 27 33 24 5

------------------------------------------------------------------------

--London newsroom: 4420 7862 7491 email:[email protected]

[TOPICS: MABDS$M$B$$$MT$$$$]

no offense to anyone on this thread but this is exactly the reason im more bullish i.e. everyone is short biased... because usually what tends to happen is when everyone looking one way markets just rips up the other way. Im just seeing cable beeing bought relentlesly ..

just as an example when euro was trading near 1.6xx something everyone were screaming it will go higher I even read that one supermodel wanted her salary in Euros instead of dollars...when you read this kind of ''news'' you just have to jump in the opposite direction )

as soon as everyone starts saying oh euro gonna collapse, pound going to crash etc etc thats when you know the reversal should happen fairly soon ) not straight away of course.

gila punya pair.. ahahahah tak agak2 breakout..

i,m new to all this(7 months) but i'm looking for the usdchf to break positevel though the pivot and the cable to break 14060... but i'm only scalping today. Now looking for 14070! OOps, sorry make that 15000's not 14000's

i can see tht...at least i tried to ask.

Well, no offence bro.. I'm actually bullish that pair, currently just waiting for some sign to be in (if there's any).. I'll wait patiently to be in the flow. I know you like to pick bottom, me too.. but usually i'll wait for a consolidation period before doing that.. As I said before, the price is like a train, it needs to slow down first before changing direction. It's not like a rally car where it can drift and change direction anytime.. so I'll wait for that moment to happen first before deciding on anything..

Trade safe bro..

mate best of luck no body can know for sure where is the market
going

oops i just join him

Anyone seeing this moving up to 1.5150~.5175?

thats my second target, first target are around 80's... if my sl not touched

yups, let's hope for that.. by the way, I will not short that pair, but I will monitor until the price gets to the level we discussed yesterday (mean that I will not be taking any position if price is not within my level). If you have any chance to look at dixy chart, see how the candy move alongside dixy..

going long now thats funny

Theoretically I agree with you. The problem is here in the US we cannot trade both ways, so one should choose the direction to trade, otherwise you cannot build a longer and bigger position. Picking up the exact bottoms is a very hard thing to do.
So, are you buying cable now?

Lietuve