UCAD still in downtrend, holds GBPUSD from further falls, once we have bottom in UCAD and turn up, cable will fall hard, i could be wrong

Cable Update (GBPUSD)

i would like to see a little recovery to 38.2 fib (1.5442) or better to wp (1.5450). dp at same place today (1.5449) and upper channel line also. If we see a wet cat bounce maybe i would take a short from this point, now is too risky for my liking.

Cable Update (GBPUSD)

Good Morning All, break of the 50% fib of yesterdays upmove, will it continue further south? Good luck for trading and many greenies for all...

Cable Update (GBPUSD)

Good Morning, on my fxcm mt4 demo i also have 1.5557. Depends on broker.

Cable Update (GBPUSD)

Possible M&A flows will be lending cable some support. Talk Bank of New York Mellon is interested in aquiring Uk hedge fund Man, with potential for deal of some GBP 5.5 bln. Elsewhere, Japan’s Nippon Telegraph & Telephone (NTT) has bid for UK listed ...

Cable Update (GBPUSD)

Until now, i did not have a solid "style". I go for 30-40 pips per day. When i see strong pa i jump on board and try to grab a few pips out of the flowing river. Is it in the direction of trend i feel confident, is it against trend i´m cautious and ...

Cable Update (GBPUSD)

listen to these wise words — Good Morning cloggie, your market explanation is always to the point. Clean and logical. In theory i can follow, in practice it´s tough to get the right timing/entry. Wish i only had 10% of your fx skills. BTW, ...

Cable Update (GBPUSD)

Thank you for your comment, my intention by posting this news was to show that banks do see fundamental reasons in near future which could stop pound rising. If there comes talk of possible further QE, or other mentionend reasons in this article, we ...

Cable Update (GBPUSD)

The post above is UBS view. In my view i also had the 1.5350 for test before downfall resumes, but maybe we have seen the top with 1.5240, i don´t know...

Cable Update (GBPUSD)

UBS sell recommendation for cable — Hello traders, this is an article from forexlive.com: Dow Jones reports the bank has given 7 reasons cable is headed for 1.4000 1) Rest of BOE MPC unlikely to to join Sentance in calling for rate hike 2) ...

Cable Update (GBPUSD)

Post of the day for all newbies — [quote=cloggie;3854395]Don't fret you are not the only one, the hardest thing to learn in trading is to admit that you are wrong, your brain will do anything it can to avoid admitting defeat. It is kind of ...

Cable Update (GBPUSD)

yes, i always take a look at correlation between GU, EU, EG but big news could shake the correlation today EU is much stronger then GU even with Moody´s potential downgrade of Spain (why?, SAMA and China was buying today?), after UK budget release ...

Cable Update (GBPUSD)

many thank´s for sharing your view, for me it´s not ambiguous, it describes explicitly the possible two scenarios, ty again

Cable Update (GBPUSD)

nice one, good work BB

Cable Update (GBPUSD)

Good Morning cloggie, at which point do you see new channel forming. Is it only the break of 4865 (or your second target 4841) , or do we have to see some more LH and LL after the break, before we can speak of a new channel?

Cable Update (GBPUSD)

what numbers do you have, if we continue down? My are 1.4862 (50% fib on d1, chart i posted above) and further down 1.4780, thanks

Cable Update (GBPUSD)

Good Morning Wormboy, my S1 is at 4892, keyarea is it franky fakeout? hopefully LDN gives another push down and break S1 good luck

Cable Update (GBPUSD)

will it have the power (or better say weakness) to reach 50%fib today?

Cable Update (GBPUSD)

Good Morning all, as kill would say no brake no shack... good luck to all

Cable Update (GBPUSD)

thank you cloggie, yes, no soccer today feels unfamiliar, our teams have to do an uphill job, but for my dreamfinal NL vs BRD we have to pass Brazil and Argentina, good luck for friday

Cable Update (GBPUSD)