Cable Update (GBPUSD)

Lol

If it gets downgraded we will definatelly will hit 1.500 mark

Everytime time EUR/US is meant to drop,it goes rocketing back up.

Pretty sure GBP/US will retrace big time,

the little Mar an Par kettles get wasted every time

short from here..

morning

I sold @ 1.5495 SL 1.5460 and TP open to the down side

starting 1.5461 I'll start scaling and trailing..decent buy orders are 1.5450 and 1.5400

on the upside sellers are 1.5530 and more @ 1.5560.biggest ones @ 1.5590

H4 trendline broken and retested

notice

hello
yes all good here! things are getting worse as we are approaching end of the week. i'm already leaving trading till new week.
maybe will catch some scalps but IMO liquidity is very thin, and a spike can kill both sides so i prefer stay out. no sense to stay in chart, pick a trade with a 0.000000000001 lot

greek elections will give anyway an impact. i have seen so many impacts in the past. i will wait things to be clear!

btw, glad that you came back in HK! Enjoy your holidays

Downgrade on Uk? should have done it long ago, esp considering the economic data coming out is dire, but considering all the focus is on europe right now, a downgrade may be lost in the noise, may be best to let europe go up in flames and then shift focus on destroying the uk

25% of usual sell @ 5500

Will add more later, SL @ 5560...

TP Open

flat

Right in front, the Asian lady with a tattoo on her back is China.

On the left, the lady full of concentration is Japan.

Dressed at the top looking sideways is USA.

Lying rather seductively is Russia.

The little girl standing by the side is Taiwan.

China "tripled" the Dong tiles (East Winds, this is a double up). This means that China has arisen with the circumstances (the winds); maybe that is the display of the "East Wind" missiles she possesses now. It looks like China is doing ok, but there is no clue about the other cards (tiles). Meanwhile she is up to no good under the table.

USA, appearing confident, is looking at Taiwan with an expression; perhaps to read from the look of Taiwan or to send some message.

Russia may appear indifferent but it is far from that. One leg is on USA and one hand is passing card(s) to China. They are some discreet exchanges going on.

Japan has all eyes on the cards, unaware of what others are doing.

Taiwan wears a red abdominal vest, maybe implying she is the last successor of the Chinese culture. She holds a tray of fruits in one hand and a fruit knife in the other, looking quietly at China with resentment. But she has no option. She is not in the game (a little girl too young to play the game?).

Dark clouds hang over the river outside the window implying tension over the straits separating Main Land China and Taiwan.

The portrait on the wall is interesting, mustache of Sun Yet Sun, the bare head of Chiang Kai Set, the face of Mao Tze Tong...

How the 4 ladies are dressed is also very interesting.

China bares her top, with panties and a skirt.

USA is almost fully dressed but bares her bottom.

Russia is left with only panties.

Japan naked.

These perhaps reflect the status of each nation;

The attire of USA appears to be most complete, probably because she is still the most powerful. Others are short of something here and there. Though USA is most presentable, she has nevertheless exposed her bottom (line). China and Russia look naked but keep their private parts are covered.

We assume this is a stripping game where the loser removes a piece of clothing.

In this game, if China loses, she will be like Russia today... (broken up).

If USA loses, she will also be like Russia...

If Russia loses again, then she has nothing left...

And Japan is already left with nothing....

Russia may appear to have drawn an extra tile (by the rule of the game, she cannot complete the game i.e. cannot win) and is hanging on for nothing ... BUT she is actually exchanging tiles with China...

The other person hanging on is Japan since she has no more "chips". She is out of the game if she loses.


In conclusion:

USA is pretending. She looks most glorious but faces great dangers. If she loses this game, she loses her dominating position.

Russia has a leg each on a boat, most sly ... Her situation is a little like China after liberation (when the communist took over China), sometimes with the USSR and sometimes with USA. Due to her lack of self sufficiency, she has to yo-yo between two parties for survival and room of development.

China has many tiles but they are not in view. Does that imply China keeps her strengths under wrap? And she is exchanging tiles with Russia under the table.

USA can only guess from the expression of Taiwan what may be happening between China and Russia.

Japan looks ignorant as she continues to focus on her cards.

China’s hand (of tiles) is most unpredictable.

Poor Japan ... there are so many things happening around her. She has no chance of a win and she is out the moment she loses.

Taiwan keeps watch as a bystander. She sees all that transpired in the game and she understands. But she is not qualified to, nor capable of participating in the game. She has no right to speak. She is full of grievances and is utterly helpless. She can only be the maid, offering fruits to the winner(s).

The winner should be a pick between China or USA , there is little doubt about this. Then again if you notice, they are playing Chinese Mahjong, not Western Poker.

Playing with the rules of a Chinese game, what are the odds for USA?

Agreed, continual problems with EUR causes money to flow to GBP as well as USD, YEN, CHF, etc it is why the GB 10Y bond has been falling all year and most likely the only thing that is keeping the GBP up but I am surprised that it has not de-coupled from the EUR. Something else is keeping them held together but I do not know what

G/M

Eurusd and Gbpusd out of sync yesterday as eur printed a bullish Daily candle and gbp printed a bearush 'dark cloud cover' Daily candle.

Today the current daily lo is @ Daily S1 /85.4% 5453-5597/61.8% 5402-5597 (yesterday's Daily Hi) / 50sma - 4hr

4hr remains mixed to bearish between 5599-5402 re overall price action and 1hr similar. Daily remains in a general opa downtrend but with 3 x minor fractal HL's below the last LH @ said 5599 it's an odd consolidation ?

G/L

he must have sold heavy at 63

spectacular!!
i mean everything, not only the picture which is a great peace of art.

i save this page!

that is disturbingly cool...

wth! manual closed @ b.e.. double bottom on m15

H1 still testing the trendline.. pullback or fakeout. let see

Where did you get this??
It's brilliant...

anticipating crab
http://www.trade-forex-harmonic-patt...rab-pic500.jpg

this move in GU is a clear declaration that market is crazy.
look hourly pattern:
price is going nowhere! just up-down to fill some orders.

seems to be going down, then V turn up.
seems to be going up then V turn down.

good luck if you are trading with real acccounts