Business — More business related, not military. China does not want to rock the boat, now that they are an economic powerhouse. That is why told North Korea to stop the non-sense.

Textbook "Reversal Day" for GBPUSD

Political — This is a political preemptive strike, now that the Democrats have power. China is saying if you raise tariffs, we will strike back. Better than the A bomb I guess. ...

Textbook "Reversal Day" for GBPUSD

Good find — Good find, bottom line is that BoE was dovish, and this China thing is a gradual thing, it is in their interest that the $$ is not devalued, so China controls that. When the news is digested, back below 1.900. Also, if it when it ...

Textbook "Reversal Day" for GBPUSD

Lol — That's a good one

Textbook "Reversal Day" for GBPUSD

Who made the statement? — This is a report from Reutors, I dont know that it is anything official from the China Central Bank. And the reports says "may", not "will". If in fact they are going to rotate out, it is in their best interest for ...

Textbook "Reversal Day" for GBPUSD

Back in short — Back in short at 1.9072

Textbook "Reversal Day" for GBPUSD

Don't know — I don't know. That sure was a weird move, this thing being weak lately.

Textbook "Reversal Day" for GBPUSD

Party pooper — Party pooper http://bloomberg.com/apps/news?pid=20601083&sid=a5ueXjQNvmSg&refer=currency

Textbook "Reversal Day" for GBPUSD

Ea — Where can I download this EA, thanks.

G/U & E/U where it goes...

I agree — I agree is priced in, but you always get a little bounce when it's announced, especially if they are hawkish, I may be trying to split hairs but I think we might get a little bounce. When it's announced might be the best time to ...

Textbook "Reversal Day" for GBPUSD

May see a little bounce based on — May see a little bounce based on http://bloomberg.com/apps/news?pid=20601083&sid=aO7x_1sd.i8A&refer=currency but after that it should be bearish for a while. Will trade through it. Hopefully I wil be short ...

Textbook "Reversal Day" for GBPUSD

This may have a dead cat bounce — Covered at 1.9015, will sell short again at a little higher, wanted to pick up a few extra pips. Still sticking with bearish prediction though.

Textbook "Reversal Day" for GBPUSD

Food for thought (take 2) — http://bloomberg.com/apps/news?pid=20601083&sid=aouoTHqLBvSM&refer=currency

Textbook "Reversal Day" for GBPUSD

Dollar bulls like the numbers — <META content="MSHTML 6.00.2900.2963" name=GENERATOR> It looks like another obstacle has been cleared. Enjoy the weekend shorts.

Textbook "Reversal Day" for GBPUSD

Lovely picture — The 8 RSI downward crossed the 8 EMA of the RSI, at the top of the top 20 day BB. If this closes crossed, another powerful bearish indicator kicks in, according to Fozzy. So now we have on our side. 1. Classic technical ...

Textbook "Reversal Day" for GBPUSD

Congratulations shorts — Here is where I stand. Last night before going to sleep set audible alarm to wake me if it touched 1.9060, it did at 3:00 am, I then covered my short for 40 pips profit, figuring that I could get stopped out overnight ...

Textbook "Reversal Day" for GBPUSD

Food for thought — http://bloomberg.com/apps/news?pid=20601083&sid=auKQJQd.MmG8&refer=currency

Textbook "Reversal Day" for GBPUSD

Thanks — I think right now the traders have no conviction on where this is going. That is usually what happens when a trend is losing steam. Hopefully, they will start to have some downside conviction, and when the rest of the crowd joins ...

Textbook "Reversal Day" for GBPUSD

update — Took 30 pip profit on 1/4 of position at 1.9071 and adjusted SL on whole trade to break even at 1.9111 on the remaining 3/4 of my initial position.

Textbook "Reversal Day" for GBPUSD

Update — yesterday after midnight took 29 pip profit on 1/4 of position and adjusted SL on whole trade to break even. Was stopped out of trade at break even. Today after 10 am report, took short again at 1.9101. I believe the reversal pattern ...

Textbook "Reversal Day" for GBPUSD