Cable Update (GBPUSD)

just came back on charts now.
uhm i thought to find price already 5730-35


nothing to do imo.

looks like it is ready to tank heavy.
ok i take long here 5689 SL <5620 tgt >5750
small lot.

are you all looking at how many pips profits this week?!
where is everybody?!

everybody scared by market?

yes me too!

but c'mon!!!! this thing is out of a strong daily downtrend line tested duing asia 1.56485.

who have balls to short it? we couold see 20-30 pips down and a push up of 100 then 20-30 down then push up again. no lines no resistances.
main is near 5730-50.

just my idea..
maybe im crazy! lets see

that upper channel will trigger my trailing stop.

yesSSS

not any great but doing ok .eu gave no signal and got no extra life also that is chance remain open breaks 3133 or up like gu did while usdx flat to down & gu jumps up at times & got another life I see . scalping only short for few pips whenever see a top & wait again , now at top there 1 also to see if 5705 breaks to down or not. if then 5693 & next 5677 breakout . . lets see .
fontu

Tried a little scalp for short position @ 5705 tp; 1.5694..Suddenly it wents to 5725...

yes these past two days were crazy days
another lesson to learn for me in situation like this better to stay off..
btw if mr. smikester n bbaker is here thank you for your advice n the link it help me a lot

oh yes....great day for me........3 days of loss and 1 day of profit= profit

not scared still in it long as this weekly resistance was broken when the week started =)

with the usdollar still falling i think cable will seem some new higher ground

which one fit for newbie like me...scalp or daily trade?please give me some advice?

daily.. there is less noise and still a ton of pips to be made.

[quote=Dyekid217;5329579]daily.. there is less noise and still a ton of pips to be made.[/quote
so,which session i've start to put order? before london or US open? i've tried to trade for almost 2 month....still confused....

Is Strong Resistence for me

http://i.imgur.com/WqVOv.png

hello,
do scalping in a demo account for 1month.
then do med term in another demo account for another month.

after this see what was best profitable account of them.
do that strategy for another 3moths (in demo)

maybe at the end of this cycle you will understand "if and what"

eu signal not yet, should come soon but with sell off gu may be the correction with or not bo , expecting highly though , may be coming this time .if then 5688 bo towards 5664 ok . eu breaks 3133 & 3094 need for , then eu bo 3070, to bo again 2968 to 2900 ok . watching if
fontu

Just wanted to share a very interesting post from Dailyfx.
btw, I am also holding my shorts.

"
We continue to hold our short GBP/USD position despite the pair rebounding off of technical support. Fundamentally, the Pound is a mess: declining industrial and manufacturing production; negative growth; deflation is a threat; unemployment remains high. The British economy is stagflating, and without a global turnaround, it is doubtful the Bank of England can engineer a recovery.
The Bank of England, over the past few weeks, has suggested that more help may be coming down the pipeline for the economy. While the U.S. Dollar has taken a beating the past few days, I remain confident that the GBP/USD will fall back as market participants 'get over' the Fed's policy decision yesterday. These are the facts:
- the Fed Funds rate was expected to remain low for "an extended period."
- no more quantitative easing measures have been announced
- the inflation target will hinder the Fed's ability to inject substantially more liquidity
- British growth has turned negative; things are getting worse

"

EU once below the DP 3046 area, 2900 looks good. Should carry us along.

the 4H 3100 support needs to go first.