Cable Update (GBPUSD)

Great Aussie GDP #'s sends GU to new weekly highs.

Did not think it would reach this level.My longs positions taken out.
Still 2 small shorts in,hanging on to them.
We are at 154300,would like to see a sell off.
What is holding this pair up
Any ideas on this pair,might have to do a small hedge again.
Great time for a sell off while everybody is going long.

Ok cable you can do it...

he's old now and confused he does not even remember which one if it's a toilet or a cooker...

he lived other times and the one that kneed the BOE on his own did have brains back then a huge balls.
nowdays....with all the sharks and countersharks measures and all the inside infos it is a bit hard to do anything on that scale.

other times.let's look at Oracle and Larry and the first time in a decade when they actually lose money(ouch)
times change and fast

what Soros said is what all of us say here that EU has no chance but maybe (what I fear most)the still sovereign countries will decide to take the money printing duty in their own hands and that will save the euro for good....anyway the euro has no coverage anyway...same with USD same with many other currencies

let's face it,it's all a big bluff.
trying to know what happens behind their poker faces makes no sense.trying to understand what we were taught during economy classes in the university again makes no sense.

trying to think which country would be best to live in during the crisis...again makes no sense.

what really makes sense is that we should not care as long as we trade for a living.some 20 pips a day would bring us a decent income no matter the turmoil(unless they will force us to stop doing it)

I just stick to the simple trades in and out and never question why

ehheheh
yes but if the moon will one day hit the earth or eventually if the sun will start to make huge explosions... i think could give a bit of risk aversion in markets until some aliens will come and repair the damages!

hiihihihi
jokes a part, yes when it comes to trading and make money, knowing whole economic scenario is not that helpful (unless we know it very well, not simply reading some news in some funny websites).
then of course also true that knowing the reason of such a tank in everything in this case is good, since when it will come to an end we will see opposite direction strong move.

btw, let's see london what will do with this WP. i bet they will destroy it like nothing.

+75 pips Still holding Long GBPUSD Entry was on 4th June @1.5372
Counter Trend Setup on Daily Chart
Trade Setup

I'm blocked 50 pips on a long GU and 100 in total ....if I close it all now I just call it a day....anyway profit secured I'm heading to the beach now

next stop on GU 5489-92 and above up to 5537

WP destroyed.
first time since the fall from 1.63!



good luck

Long [email protected]
Moved My Stop Loss to +50pips

up and down.

the bus is waiting for strong buyers.

waiting is better,.(scalpers always makes money).

could go even higher to 1.5550-1.5750 or even 1.5950....

Got into it and everything turn downward, hope it will return upward>any hope for buyers of GU.

Position closed. +100pips

could go even higher to 1.5550-1.5750 or even 1.5950...
Are sure- ragsid

If this momentum continues then we need to watch Next Key Level on daily chart resistance around 1.5600

be carefull everyone,it may go lower and bounce higher.close my bull,going to work.double bottom daily confirm.but not today.still early,2nd times i wait major daily tf close on this week.

Im late!! damn

possible to 5800 ish as "D" point

here the chart with a note : no more broken ( "C" ) support

using harmonic pattern :
http://www.trade-forex-harmonic-patt...%20pattern.gif

at the moment,,, i see this .

personally, i just closed all long at 5478, flat and waiting a good setup

0.001 cent

i think last week took out most traders in this thread.

She just rose too far too fast, let her breathe. Could see 5620 or more this week.