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Cable Update (GBPUSD)

Quoting redbeben
moody's
interesting....last time the downgrade didn't the dollar spike much higher? It did the opposite of what was expected....
Quoting Ill-b-back
I don't trade Euro really so I maybe off track here.
Can I ask why you think that 2745 support will break down soon?

I have a daily/weekly TL break north, bullish divergence on both time frames and bullish price action after retesting the 2745 resistance turned support.

I'm not saying you are wrong (since your trading method is an unsolved mystery to me) and I don't trade the Euro, I'm just curious what you see.
well my charts tell me bear on W and M on both EU and GU.

since my post 20 pips drop on EU and 1.2813 still to come as first stop down.

but if that one gives way we see 1.2745-50...47 to be precise

now it depends on the ESM and FOMC and how the Iphone 5 will bling bling tmr wether we see 1.2905 or even 1.3010 first or 1.2750.


1.2750 is as I said line in the sand and if it fails we go to 1.2690 and 1.2630 later only to stop somewhere to 1.2442-22

now I can show you how and what I see but I would just ruin your strategy you are using now and it might take you some time to see it clear.

it's up to you
Quoting glenngie
interesting....last time the downgrade didn't the dollar spike much higher? It did the opposite of what was expected....
downgrade USD not GU or EUR

WASHINGTON (MNI) – The following is the text of a statement Tuesday
by rating agency Moody’s:
Budget negotiations during the 2013 Congressional legislative
session will likely determine the direction of the US government’s Aaa
rating and negative outlook, says Moody’s Investors Service in the
report “Update of the Outlook for the US Government Debt Rating.”
If those negotiations lead to specific policies that produce a
stabilization and then downward trend in the ratio of federal debt to
GDP over the medium term, the rating will likely be affirmed and the
outlook returned to stable, says Moody’s.
If those negotiations fail to produce such policies, however,
Moody’s would expect to lower the rating, probably to Aa1.
Moody’s views the maintenance of the Aaa with a negative outlook
into 2014 as unlikely. The only scenario that would likely lead to its
temporary maintenance would be if the method adopted to achieve debt
stabilization involved a large, immediate fiscal shocksuch as would
occur if the so-called “fiscal cliff” actually materializedwhich could
lead to instability. Moody’s would then need evidence that the economy
could rebound from the shock before it would consider returning to a
stable outlook.
Moody’s notes that it is difficult to predict when during 2013
Congress will conclude negotiations that result in a budget package. The
Aaa rating, with its negative outlook, is likely to be maintained until
the outcome of those negotiations becomes clear.
The rating outlook also assumes a relatively orderly process for
the increase in the statutory debt limit, says Moody’s. The debt limit
will likely be reached around the end of this year, and the government’s
ability to meet interest and other expenses out of available resources
would likely be exhausted within a few months after the limit is
reached.
Under these circumstances, the government’s rating would likely be
placed under review after the debt limit is reached but several weeks
before the exhaustion of the Treasury’s resources. Moody’s took a
similar action during the summer of 2011.
** MNI Washington Bureau: 202-371-2121 **
downgrade USD not GU or EUR

Oh I know it's USD ...but the last time USD was downgraded USD spiked because of risk off...at least that's what I remember
Just took a long postion for 90 pips, with a tight stop.
Quoting Ill-b-back
UBU!!!!!!!!!!!!

WHERE THE HELL HAVE YOU BEEN BROTHER??

I CAN'T SLEEP AT NIGHTS WONDERING
Ha ha ha ha you can't sleep eh bro???
I'm still around don't you worry
Dropping by here to check out you all..

How is your trading brother?
I trade to live
Warming up Return Today: na
Quoting bguguen
Like i said.... sorry navin but i had to repost... people in here are wondering what the hell is going on with the GBPUSD why its going down...
the fact is its NFP day and a Friday, very often profit taking means people will get out of their Risk positions back to the USD....
So this is the reason why i said ill give the benefit of the doubt that GBPUSD may pull back some to test that 61.8% fib line at 1.5905 we broken above yesterday...
have a look

Attachment 1034362
I trade to live
Warming up Return Today: na
Quoting UbuFamily
Ha ha ha ha you can't sleep eh bro???
I'm still around don't you worry
Dropping by here to check out you all..

How is your trading brother?
Good thx mate, what's happening with you?
Come with me if you want to live....
Quoting Ill-b-back
Good thx mate, what's happening with you?
To shorten my explaination,

Quiet room enhance greater self-focused~


I trade to live
Warming up Return Today: na
Quoting alex1976
Just took a long postion for 90 pips, with a tight stop.
i also took long position @ 1.6 yesterday... wondering whether GBPUSD will reach 1.61 or should i close at the R3 as it clearly overbought...
Quoting UbuFamily
To shorten my explaination,

Quiet room enhance greater self-focused~


Yes, good move mate, good move
Come with me if you want to live....
Quoting Ill-b-back
Yes, good move mate, good move
But when it comes to dirty jokes, I'll turn to FF! hahahahaha
I trade to live
Warming up Return Today: na
Quoting UbuFamily
But when it comes to dirty jokes, I'll turn to FF! hahahahaha
We are all of 1 clean mind and heart in here bro, you know that
Come with me if you want to live....
Quoting lilpixie
i also took long position @ 1.6 yesterday... wondering whether GBPUSD will reach 1.61 or should i close at the R3 as it clearly overbought...
Trend is up, good momentum
Quoting alex1976
Trend is up, good momentum

it is for certain,

but on the other hand, other than today the last time the RSI was showing over bought on the hourly was the end of April.

i think we all need to be vigilant right now and be cautious of a reversal.

No more adding to any long positions for me, hoping for a little higher to build more confidence for shorts.
Money never sleeps...
Quoting UbuFamily
Ha ha ha ha you can't sleep eh bro???
I'm still around don't you worry
Dropping by here to check out you all..

How is your trading brother?

im not sure Il Be Back really does sleep, he is a 24/7 chart reading machine
Money never sleeps...
Quoting inpatient
im not sure Il Be Back really does sleep, he is a 24/7 chart reading machine
It's all an illusion bro
Come with me if you want to live....
Quoting inpatient
im not sure Il Be Back really does sleep, he is a 24/7 chart reading machine
Because he view & reply FF through his smartphone.. Right IBB?
I trade to live
Warming up Return Today: na
morning ladies
morning to your last day.

I woke up and I was still alive.but it won't last long I guess
in about 1 h the german court will set us on fire

either up or down....now it is too late to join one party.

and today the dead will walk among us...Steve Jobs will present the new iphone.

c'mon,you really thought he was dead due to a cancer ????

if I have access to cancer cure he had it for sure long time before


aaa...the feds

I forgot about the feds
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