Cable Update (GBPUSD)

Good day to you,

Yip - PA is killer for the lesser experienced ( like me) - second guessing since yesterday. Took long off 1.5332 to test. SL just below confluence of Friday and Monday closes ( 1.53216 and 1.53207 respectively).

So risking 20

All success

Regards

Took 14 pips then out from long. Didn't get a chance to short, too fast.... No position look better than have one...

Donny

Dear Market,

Please murder 1.5400, completely dismember it and mail it in pieces to the bears.

Best regards,

Serpent Dove.

crazy day.
at least: crazy start of the day.

i leave and will come back after the facts!

Apologies mate, I can't quite make out what you're trying to say ..

up side breakout or start forming diamond in m15/30 ?

and for harmonic trader.... did we find already C point ? say ... second top ? now start going to find D point ?

*** on mobile... could not provide chart, sorry

Hope you get paid my friend ... I'm still flat atm

Well there's a massive dark cloud cover on the hourly yoorow ... can go tits up real quick since that's now inline with the htf trend.
For now it's looking bearish & only a close above 2810 invalidates the formation & flip it to bullish.

Wiki's gone dark today:

http://en.wikipedia.org/wiki/T_50


http://www.policymic.com/articles/st...net-innovation

Ok , just wanted say there are trends in trend & main one preserved untill proven not .
anyway bounce going heavy in eu , gu . gold &au cool so far , will look short next with breaks .
fontu

Spot on

true!
lets see... im actually out only watching.
bit crazy moves without a clear direction.
few minutes for chf data, maybe market waiting it!

I do not think that London traders could have found more dainty ballet slippers to wear to work today.

same here still flat .. there's nothing to trade yet

in these crazy up-down into this 30 pips range, price did so much moves tops and bottoms and reverse etc.... i think we could count some 5-6hundreds of pips for every reverse it took.

usually i see this on fridays kind NFP.

there is a big move coming in soon imo!

lets see

Welp .... 3 tests at day open failed to break down, looks bullish to me.

Yer killin me London, just killin me, I need some coffee and toothpicks to prop open my eyes.

MADRID (MarketWatch) -- Greek Prime Minister Lucas Papademos said if a deal can't be reached in negotiations with the nation's creditors due to resume Wednesday, private investors may be forced to take losses. Papademos made the comments in an interview with the New York Times on Monday evening, which published on Wednesday. He said if Greece doesn't get full participation in a program in which bondholders would voluntarily write down $130 billion from Greece's $450 billion debt, the country may consider passing a law to force through private-sector haircuts. Negotiations collapsed last Friday over the interest rate on new bonds to be offered by Greece. Papademos also blamed European leaders for not acting fast enough on Greece's debt problems when they first became apparent in early 2010. He said foreign lenders should have put in place growth measures for the country much sooner


LONDON (MarketWatch) — Most European stock markets traded lower early Wednesday, with resource stocks leading the declines, as investors kept an eye on Greece where talks with the country’s creditors are due to resume.



France signals slow death of sovereign debt market
LONDON (MarketWatch) — So where was the carnage?

Late last Friday night, the ratings agency Standard & Poor’s delivered its downgrade of French debt, stripping one of the world’s biggest economies of its AAA rating.

Over the weekend, it wasn’t hard to imagine the cataclysm that would follow. After all, the news could hardly be more worrying. The French debt market is one of the largest in the world — with $1.6 trillion of debt outstanding, France is the world’s fourth-largest sovereign borrower.

G/M

Last 4 x daily candles have been 2 x spinning tops and 2 x inverted pinbars...yesterday's IPB see-ing some bullish follow thru today as yesterday's pullback from 5404 (that followed rise off 5234 - last week's lo) found support at the50% of 5234-5408 confluence with the topside of breeched former 4hr descending t/line. Subdued range < 20 day atr yesterday.

Bullish overall so far intraday price finding an upside obstacle at the Daily R1/1hr steepest descending t/line right now.

Immediately above current price:

[ 5385-90 descending 1hr t/line on this present 1hr candle
[ 5388 Daily R1 @/around

5397-5404-5408 prev minor dly sw lo/ 4hr sw lo/hi /1hr sw hi incl 5397 and 5408 = fibs
5412 fib
[ 5418-22 prev 1hr sw lo zone (non immed)
[ 5420 area descending 1hr t/line on present 1hr candle
5423/27 fibs
[ 5435-52 6 fib cluster incl 5443 = Daily R2 @/around
[ 5447-52 prev minor 1hr sw lo x 2 zone
5456/60/62 fibs
5464 Weekly R1 @/around
5478-87 prev 1hr sw hi zone incl 5480/81 = 2 x fibs and 5482 = Daily R3 @/around
5490-5500 prev Dly/4hr/1hr sw hi zone
5503 50% 5774-5243
5510-24 prev 4hr/1hr sw hi zone incl 5514 and 5521 = fibs

Near-term current 1hr screenshot as below.

G/L

Lately , and its been a while that EUR / USD and GBP / USD are not following each other quite well like they should . They are moving in their own direction , Similar but not same .!!! Against the values of correlation .

is it possible all this market talk only to get the price higher so they can short it heavily since it seem no real solution to save the euro?