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Attachments: Cable Update (GBPUSD)
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Cable Update (GBPUSD)

Quoting Flynchenberg
Mine worst open sell order is -400 pips now.

No comment.

And I will not quit my position.

Seb
I guess the only good thing I can say is that I'm glad there's someone with me....
All I have left is luck.... Ohhhh boy!
The those saying: oh its obvious, just trade the trend - cable was massively rangebound. Usually these things happen when techs and fundies lined up - rarely even then. So techs - fair enough - but fundies are bad - which is why I am amazed at this run.
Quoting FXConveyor
Still holding.............. although I might take my profit at 6089 now based on the SMMA(7) on the daily.......... pound looks quite firm at the moment.........perhaps news can send it plummeting... maybe they are waiting for Monday when we see a whiplash trading day (one hopes)
Holding back on my second short at 6250. Going to enter at 6271 instead.
It's all about hope on QE3 ..when that hope is gone..then the downtrend will start..
Quoting Tnfx
I guess the only good thing I can say is that I'm glad there's someone with me....
All I have left is luck.... Ohhhh boy!
Yes mate, -35% of account underwater now and I refuse to be a victim, LOL.

Seb

BTW: Fuck cable.
It will be 11 consecutive up days in a double dip recession...
That's funny
the situation now is the same as gold war near 1800. The same hope about QE3. And then Ben said "no QE3 now", and now gold is below 1700 for a month
Quoting Tnfx
It will be 11 consecutive up days in a double dip recession...
That's funny
The banks that have bought this up are trying to get the economists to fudge the figures on that though. They want revised figures to get uk out of recession and justify this price rise.
Quoting Flynchenberg
Yes mate, -35% of account underwater now and I refuse to be a victim, LOL.

Seb

BTW: Fuck cable.
Why keep such big losers open?? It can't be good for your health!
Quoting Flynchenberg
Yes mate, -35% of account underwater now and I refuse to be a victim, LOL.

Seb

BTW: Fuck cable.
brother u gave me the hint yesterday when u said that the note has been sent to the bankers in UK to keep gbp as high so that they can fuck the tourist during olympics. i made a fun of you. I am sorry for that but I think you were 100% rite . I think pound heading to 1.63-1.64 soon.

I have left trading this pair for the time being.
Quoting _BBKing_
good luck with drawdown!!

maybe after price will have taken out the 1.68 -1.70 area, we will se another weekly downtrend.

but is only my opinion.
Okay ,, Good Luck and see you at 1.68 and 1.7 as you said ,, All i have to say is beware

Quoting Flynchenberg
Mine worst open sell order is -400 pips now.

No comment.

And I will not quit my position.

Seb
just keep it and you can short again from here 1.6250 if your acc support that and set your target @ 1.58 ,,
guys

dont short till 1.633 being test
If there was easy money lying around,no one would be forcing it into your
Dude I am with you!

and Agree with you: Fuck Cable!
Quoting Flynchenberg
Yes mate, -35% of account underwater now and I refuse to be a victim, LOL.

Seb

BTW: Fuck cable.
don't worry. u all are not alone haha.
This is probably going to close bull - but this will be the second time in 10 years that cable has done 10 days in a row, so I think that bears can be forgiven their exuberance.
GU may go down after the olympic
Quoting goldenmember
This is probably going to close bull - but this will be the second time in 10 years that cable has done 10 days in a row, so I think that bears can be forgiven their exuberance.
At such a bad GDP number & recesion when gdp is rising for 10-12 days , it means clearly that BOE is doing an intervention , but what will be their target? who knows?
is this the place to short finally. usd index bouncing off a major trendline
Quoting goldenmember
This is probably going to close bull - but this will be the second time in 10 years that cable has done 10 days in a row, so I think that bears can be forgiven their exuberance.
At the bad number of GDP & recesetion when the gbp is rising for 10-12 days , it means clearly that BOE is doing an intervention, but what will be their target who knows?

sorry for repeating post it was because of internet problem.
Re intervention/market manipulation/insider trading:

Isn’t it axiomatic that a law which grants immunity from prosecution for impropriety such as breakage of the laws that bind one to a treaty, implicitly acknowledges that those on whom it confers immunity are bent?

Have a good weekend all, and don't fight them... you will lose.
Author of: For Pip's Sake! (Available at Amazon... :-) )
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