Cable Update (GBPUSD)

Quoting Lock

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{quote} So, Us pit is going to open with a huge gap down too (as preUS), GB low (13158) is very weak and pre US low at 13156 is a poor low. I'm currrently buying this break from pre us bal(because of the ugly GB structure above), but I'm not happy for the current situation below. {image}

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Quoting falconz13

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{quote} 1.49 sounds reasonable but I not taking that risk xD

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Quoting Lock

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{quote} I still don't like the situation below, even if there is a big space to retrace above... Are you into this long too?

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Quoting Hunterr

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I think that gbpusd asset will go up. {image}

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Quoting skyhok

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{quote} Yes ............ soon. {image}

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Quoting iamawaited

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1.31XX and lower on the horizon for cable Sooner or Later. EURO ABOUT TO GAIN MAX POWER ON WEAKER CURRENCIES????

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Quoting iamawaited

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{quote} Well it gained Super powers as i said but Super Powers was EAUD and that was part of my 200 consecutive wins project on my Trade explorer. meanwhile no trade on cable waiting to short it around 1.39 depending on PA. so far 21 trades and 3,456 pips caught. 179 consecutive wins remaining to complete the project. lets see how far it goes!!!

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Quoting Fadhl

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{quote} This scenario won't happen unless cancellation of the referendum, which Cameron earlier said no way! The Pound has completely lost the high level (1.5 &+) for ever in my view. Also, GBPUSD broke the low of June 24th. So it's going more to the downside. GL!

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Quoting Fader123

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{quote} Unbelievable- well done!

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Quoting iamawaited

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{quote} Well it gained Super powers as i said but Super Powers was EAUD and that was part of my 200 consecutive wins project on my Trade explorer. meanwhile no trade on cable waiting to short it around 1.39 depending on PA. so far 21 trades and 3,456 pips caught. 179 consecutive wins remaining to complete the project. lets see how far it goes!!!

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Quoting Geppy

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{quote} I wouldn't be so sure about that. Think of it... 51% of the UK population voted for the referendum. Majority rules, so the referendum should go through. That is, unless the democratic system is completely corrupt and broken, right? So what do you think happens if Cameron says, "Hey you know... I was thinking. Screw democracy, let's just have a redo on this whole referendum thing." How do you think that 51% would feel? Regardless of which side of the fence you're on, put yourself in their shoes in that hypothetical scenario. If you can't...

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Quoting Hunterr

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I think that gbpusd asset will go up. {image}

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Quoting GJscalper

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{quote} {image} Please sir, allow me to help you off those tracks because the big bad bear train is coming. Yet you guys insist on buying GU when it is as low as it was more than 30 years ago! What you guys are doing is best described in the following picture. {image} Please guys, stop ignoring price action. We have seen an amazing gap, which has hammered all the longers who were looking for support.

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Quoting Fader123

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The only reason that I would go long - day trading is if there was some great news over the EU. In fact the EU just told us to get on with it- and there will be no informal negotiations. So when the news was announced I sold the crap out of Cable - easy pips We are going into a recession and will probably drag the EU with us

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