GBP/USD outlook

Still watching you Euro

Don't you go doing any crazy sh!te

waiting for a decent break...

Full bodied 1000+ pip bullish bar for 2012 and looking very much like a yearly bullish pin bar for 2013 on Cable.

I get the feeling this multi year consolidation period on Cable could soon be coming to an end?

Dow May only just be starting its bullish QE run.

strap in, we going to 30-40,000 feet?

Don't laugh, it's what happens when countries print like crazy...

personally, I would ignore Wall Street/Media calls for an imminent collapse. Historically, they have a great knack for getting everyone onto the wrong side of the trend.

Avoid speculation about Taper, when it happens it happens.

As long as the Fed keeps a loose policy, just buy the dip.

The crash won't be obvious, it will come like a thief in the night while the MSM tries to convince all that interest rate increases will be good for the economy.

to be honest, it wouldn't surprise me one bit if GBPUSD soon starts another bull run similar to the multi year run leading up to the crisis, with a similar angle and trajectory.

Think about it.

Ben is on record publicly rehashing almost verbatim the same message he was feeding everyone for years right up to and during the start of the collapse.

Housing market going strong, making new equity highs.

No official economic indicator is more leveraged and therefore more fragile than the housing market and yet it seems to be the guiding compass for the Feds projections regardless of lending practices.

Its a joke and they know it.

Looks like Cable has finally escaped

Watching lower TF's for a break down to at least the daily midline

With any luck the average daily/weekly ranges will begin to increase as Cable climbs higher into longer term bullish territory

UJ

interested....?

I smell a potential RAT

Watching NFP VEEEEERY closely :nerd:

out

This pair is saturated to continue to rise! As with the EUR / USD is now time GBP / USD fell sharply and make TP 1.6296, and 1.6223 for the next TP

Ahhh, indeed Mr Madan,

6220 awaits

But then beware of the mighty bull waiting

lol,,,

Cable's nuts huh??

I got 2 longs, 2 shorts

Let's see if she can get down to 6220 before blast off....

oh yeah,
off to Vanuatu on Sunday

Happy Holidays everyone

Ok, it's Saturday night, I'm onto my 2nd Bourbon and operating a sub $1200 account, so take this with a big grain of salt

But after smacking our heads on the broad view 38.2 fib, the way I see the near term future is we heading down to 1.62 area for the retest, before heading to 1.66 area ok.

OK???!!!


lol.....

Happy Holidays, I'm off to Espiritu Santo

hopefully they got internet there

Euro just seems to be taking a small breather for a retest on the daily breakout

And then again, she could just go up from here off the 200ema and multiple breakout point retest

Euro Wonderland??

And Cable leading the way

USDX is the daddy of eur/usd and gbp/usb, just sitting on support right now at 80.30, if support is not broken, both zombies should fall as expected.

I won't make an official comment on the Euro as I now refuse to trade it.

I only trade Cable, and I believe it has 2 chances of a significant fall from here.

1. Buckleys

2. None

Shorting for a "significant" drop from here would make the markets day

Meanwhile on the DOW.

Wait for the pullback and buy off the yellow. (wait for PA confirmation of course)

As odd as it may seem, this major bull run is just getting started