Cable Update (GBPUSD)

Something is vely wrong with the chart

- People I see a target @ 1.7041 with a change in trend in May the Fourth. Would u believe me.

- You didn't Long it.

Oh look, EU is lower but GU is holding... well at least you'll probably a lucky lower EU case if the EG does go. But GU still spikes on a break.

I agree. Well, to be realistic again. I think the fundamental weakness in dollar is bigger than anybody thought and it is taking very disgusting forms now. The media tried to say: Oh, everything is ok, not much changed, we will taper blablabla ... but the NFPs has shown that not everything is so great in the land of the free like everyone thinks. I can imagine this at 1,70 now. Probably not today, but it is possible. I might be totally wrong though.

Cable has been in a 5-10 pip range for most of the time for the last 5 hours. Very hard to trade this market in this low vol environment as a short term trader. Unfortunately it seems that as far as the majors are concerned this is more and more the norm now...

added more shorts on GU @ 1.6720

1.6667 should be norm and minimum target

maybe we go to 1.6747 before but my 50 Profit are for me sure

Missed my buy limit by few pips for G/U and not chasing it

But to ease the pain - long GBP/JPY and GBP/AUD

- Hold them till the forth of May.

1.6748 = 1.3650 / 0.8150 is one possible way to get there on normalish PA
1.6810 = 1.3700 / 0.8150 would be a disaster (more likely outcome on a GBP NEWS event)
time will tell

Noted - May 2015

- As long as u sell it, it will keep going up.

2014

i have you on ignore OK. Please don't comment my posts.

Thank you!

And don't play the super guru here!

i only need few pips please god be merciful

Well look I have no grudge against you if you want to ignore me that's fine but look man, I know I'm not always right, but often times I'm giving some useful insights to people
As you can see here EG continues to decline as I just said moments ago. results will always matter more than style
Many GBP shorts are super pissed on this and it's a good lesson for everyone to understand what not to do
When you tell people you GUARANTEE their shorts will make money 50 pips in front of 3 GBP news events next week and these EG stops that's a bit deceptive
You may well be right in your analysis since once true stops print the market could pull-back but you can't guarantee anything. I don't guarantee anything either. I just present likely outcomes and possibilities. Selling GBP is going to be dangerous at ANY level at least all the way through next Wednesday's claimant count.
I never insulted you and I always have respect for long-time forum members, but you have to present all the facts.
Who's to say EG won't be below 8000 after next week's data? I'm not calling for that and it's premature but for now below 8180 is being threatened. The magnitude of the break below is unknown if it happens today. If it doesn't happen today, it may likely happen in thin liquidity conditions on Monday. These are the facts. Now, if many sell EG here and it gets rejected this time around because too many people tried for the stops is also a possibility. But that's not the CORE VIEW. The worst case scenario -- the break -- is what matters to GU shorts.

UoM number last month revised. Could it signal a green one?

long legged doji on the 30 min ????????????????? lets hope it hits 6717 and returns

Happy shorting ... Zappa put it best. Winners add to winners - losers add to losers. No offense to anyone personally. I also lost a lot, but I have learned more than these peanuts are worth.

what are the US banks doing? are they going to let the brits continue to overvalue their currency?