Cable Update (GBPUSD)

Every thing in the Chart

I would say now its good to long and TP at 1.5115. Then wait. If it will go furher then wait to 1.5200. If in 1.520 it will start come back suppose in 1.5175 short and TP at 1.5075.

what price you are looking for long?

Holy shit, hell of a drop. I felt if this week ended bullishly, there was a chance for it to have bottomed but with it hitting fresh lows now on a Friday, the latest weekly bar is very far from bullish. Waiting for a bottom on this pair, and I do not feel we are there yet.

GU

This area should be interesting.

Area of interest(S/R confluence flip).

http://i50.tinypic.com/v5e34h.gif

Don't be angry and be patient
As i said before 1.5045 is strong support now is strong Resistance to break for Strong area for opening Sell Position for new traders and be sure it gets to that area or at least 1.5066
Patience is the key for getting profit, we need momentum to get that area (after US News)

Very well put. Profanity never improves an opinion/assertion and more often weakens it to pointlessness.

Funny that you should mention Singaporean investors buying London property; that is exactly the business that a friend of mine is in. Good to know that he is in the right business!!

Of course you are right, although i don't have a clue about Singapore but sure Big investor waiting to trick traders to sell more on weak level and then come to play and move the trend toward Strong Level and then get out to send pair down
I am sure today or next week pair will touch 1.4967 but first must get a lot of money and send out individual traders out but i don't let them because i am fully familiar what they do!!!!!

I may need a further explanation of that one?

It's look like overbought now, isn't it? is it time to go long? 1.5000 zone I think...

Overbought or oversold? Am confused too whether to buy now.

Ok , one day tanking , gold suddenly trying up/more correction again but eu & gu seems to tank more before correct fresh next week.gu towards 4918, eu 2800 expecting /waiting see it happen .usdchf analysed in the morning seeing broken 0.9388 , 0,94 towards the 0.9512 & usdcad also continued up ,so all should be actually near end & risky to see a bottom perhaps . so all over for week & will wait next week if correction will start!! .

fontu

Hahahaha...sorrryyyyyyyyy....I mean OVERSOLD....

if in doubt do neither my friend

I'm afraid,talk about it later, and make it more explicit.

First of all, apologize all cause it’s too long but important read to end

One thing that we should consider is that;
There are two real traders in this Market ( I don’t care about those who are trading by Candles moving – buy= at the time of fast moving up
Sell= at the time of fast moving down 90% of traders) first= Real group as Big investors that have hand in hand with those behind the market who make decision about financial policy in the world and be informed about the price moving and control the dominant trend in advance. (God of the Market)
2nd groups try to have real trading and make money for their day living and predict market by many years experiences or very genius and talented ones.
Now, you have to try to be in the 2nd group category and read their minds (1st group) and you have to know each pair has its own policy, system, strategy, indicators, time of trading … and so on, if you read my post for EUR/USD more than 4 months in another topic (2years experiences)you will find out I could predict its moving even one month earlier ( my posts confirm it)cause I have found out their minds(1st group on this pair) and now focusing on this pair, I have also analysis USDCHF for more than 4 years but 1st group on this pair are very very intelligent and fist handed, you have to be very rich and patient,…., so I couldn’t challenge with them even it seems it’s direction 90% against EURUSD but need a lot of struggle to get profit
In the end, there are some strong areas for buying and selling if you get and identify them that is all “you win” otherwise you know better than me,” just losing”.
Hope you get what you want

Yep, and for all us longer timeframe heads, we take a look a little more to the left on the monthly

Hoping to see a little more down first though, then watch PA

Longs got pulverised whle out to dinner

Now that is what i call words of wisdom!!

Any one thinking its gonna burst in any direction just 20 mins before closing?!