Cable Update (GBPUSD)

Thanks for an opinion.

Wed back to 1.6200 and sideways to close. Excitement off till 8am tomorrow.

And aren't the Countries, Large banks and Large businesses, and their needs and requirements for spending just random anyway? I think the biggest advocate of Super Casino Theory won an Economics Nobel Prize this year...

for some reason - I missed the earlier long indication.. weekend project thus.

Got in quite late. Banked a few now.



Regards

I remember one time many years ago - 2006 I think it was when George Bush Jnr was President of U.s and his then treasury secretary was john Snow...just 1/2 hr before NFP all the newswires said Secretary Snow will be doing a tour of the news channels after the release - and I thought - why would he give interviews if it was a good number - that speaks for/spins itself ....the only explanation is that a bad BFP number is due....so I went long on gbpusd and made a killing as that seemed the greater probability given this development and also because Snow rarely gave interviews so it must be something important. There have been other examples like this that I could bore you with but won't....Similarly this week - the ex PM of UK John major has intervened in the on going row in Uk about energy prices...and all the headlines have been about that....the ' lobby correspondents ' ( a Uk term for political journalists that cover politics and are close to contacts etc...) have said the intervention was unhelpful as this week was supposed to be about how George Osbourne's (Uk Chancellor - finance minister by any other name) policies have/are starting to come good - so I wonder - is this another coded coded message ? - ie will the Uk 3rd Qtr Gdp prelim due on Friday surprise to the upside ?...well we'll know on Friday of course - the PA will tell us that - but I am watching the chat/analysis beforehand for more clues. It's not strong enough evidence to open a long position just before the data unless it continues to firm up..but if in a long position with stop at b/e or a small risk (re any possible slippage) just before hand..,it may be worth holding ?

G/L

And I'm not making this up

http://en.wikipedia.org/wiki/Eugene_Fama


"His Ph.D. thesis, which concluded that stock price movements are unpredictable and follow a random walk, was published in January, 1965 issue of the Journal of Business, entitled "The Behavior of Stock Market Prices". "

Added another short here @ 1.6170.

In my sell zone still.

regards

I think, Maybe wait to Buy: expiration of divergence phenomenon reduces the price

me too..

what will it be? (I've got time on my hands at the moment lol !)

G/L

beautiful rejection on the Fibbo 38.2 waiting for the hour close to take a short

by the way, for whomever trading oil, it seems its bottoming now and providing a sweet chance for a long check the chart with the last few 15 mins candle and last 2 H1 candles

maybe not looking ugly now LOL

anyway will wait for the hour close to decide

Tip for bears If your short from 6170 I think u will be under water 30 pips till 8am tomorrow.

and your basis is?

im not saying im bull or bear im just watching the charts and looking for an opportunity

Probably more like this...

Lol...guilty as charged ! - I rarely get a bite though.

I'm looking at the future with timing levels and direction. Downside is possible but but this would be a break from standard wave mechanics. If they play out as they usually do she goes up.

That's nice