Shit... it looks like all the snipers staged at different points have their sights locked on the target ready to shoot.

Cable Update (GBPUSD)

You all look at this from a narrow minded point of view. Lets look at exactly when the gdp news came out. DOW Jones = 12000 Nasdaq = 2800 S&P = 1300 E/U = 1.3750 G/U = 1.5950 etc... Now what happens historically when people buy stocks. They have to ...

Cable Update (GBPUSD)

Really, we have bee going sideways in this channel from 1.6 to 1.5350 for about 6 months now so you can really say that about any of the price levels here.

Cable Update (GBPUSD)

Yeah, I am holding out for the lower areas. I feel we (eventually) should make a way down towards the 5350 area and I beleive we will break too. I have small positions riding atm with a large OCO waiting below the 5350 area.

Cable Update (GBPUSD)

[ oQUOTE=wormboy;4351356]well that took forever .... but done, 878 tested. flat again.[/QUOTE] Yeah but overall still inside bar from the other day. Movement probably waiting for gdp to near.

Cable Update (GBPUSD)

On the flip side since gb economy is dog shit many may be dumping london stocks and keeping cash I.e. sterling.

Cable Update (GBPUSD)

Good call. At this point it appears there is no dollar demand or sterling weakness. It appears many are dumping cash I.e. the dollar to buy equities.. stocks as the u.s stock market has zero weakness and gets new 2 year highs every day.

Cable Update (GBPUSD)

Don’t misread this post though. All I am saying is that I am not willing to buy unless we break the 6100 level or sell until we break 5350. I still think it will be the 5350 but I am not willing to risk a big trade until we do.

Cable Update (GBPUSD)

As I agree with you that the usd is a piece of crap we have to look which is a bigger piece of crap. I have atm a bullish bias with e/u but still remain bearish... at least until we break 6100ish I believe, which is the high of november. G/U has a ...

Cable Update (GBPUSD)

I have been in several trades for about 16 weeks now. Does that count?

Cable Update (GBPUSD)

Not to mention your MACD is bearish, and your Stoch are bearish.

Cable Update (GBPUSD)

If you look at your chart closely you will also see a very nice bear flag there.

Cable Update (GBPUSD)

I have not been posting because my opinion has not changed since I posted this. And as of now... the top I called of 6040 appeared to hold. Still have short bias... Still waiting for the break of the 5350 before my large OCO orders kick in, still ...

Cable Update (GBPUSD)

Unfortunatly for me.. I am a die hard Bears fans and by default hate the Packers... so until Feb. 7th.... Go Steelers.

The Boardroom

So much for this theory....Maybe next year.

The Boardroom

To continue this discussion I read an article we had the worst GBP retail sales as of late and yet look at her fly. So like I keep saying........news doesn't mean shit.

Cable Update (GBPUSD)

See you TT. I am going soon too. Bed time for me.

Cable Update (GBPUSD)

True, but let me play devil's advocate here and look at the flip side. Not saying this is correct, but ood for argument sake. I remember hearing about these rate increases last week or week before, not sure exactly. From there we basically had 9 up ...

Cable Update (GBPUSD)

I have been waiting for a break of the 5350 before I put in any large positons. For now I have been taking small shorts here ant there. Probably would of been better off going long last week, but didn't really want to fight the short side bias I ...

Cable Update (GBPUSD)

As for the news, if you read some of my posts from weeks ago, and longer, I am not a news trader and I do believe the news if factored into price long before the data is released. Bad data or not, it doesn't matter. Look at the US news for example. ...

Cable Update (GBPUSD)