what does this mean, a potential significant correction?

Cable Update (GBPUSD)

The chinese bubble and Greek impact on Euro is finally taking its toll on the markets....I think I mentioned this before that chinese bubble effect will impact the markets towards the week

Cable Update (GBPUSD)

Its either we are going down deeper from here, or higher ...also, depending on what we are looking at, Dollar or Risky assets....Dollar is making more sense to me now than risky assets ? do we agree

Cable Update (GBPUSD)

I am going long at 1.6358, with S/L 1.6320...Target is 1.6428

Cable Update (GBPUSD)

Its gonna go range bound until london time, and it might go higher later...I think the bullishness on Gu is stemming from th weakness of the Euro

Cable Update (GBPUSD)

T/P @ 1.6330...Gu is still Bullish...it might open gap up tomorrow

Cable Update (GBPUSD)

Short Cable at 1.6338...S/L 1.6365

Cable Update (GBPUSD)

With one hour invesrted hammer candle stick at the peak of the Head, Cable might just dive towards 1.61xx levels from now, and retest 1.62xx level again in 2 days time...Then next, Cable might start to dive south

Cable Update (GBPUSD)

It seems like cable is gonna make a head and shouldrs pattern before determining to go down...We might at the peak of the head on the pattern by looking at 30 minutes chart for the past 1-2 months

Cable Update (GBPUSD)

The DOW is expected to have a leg down, accordingly, the Dollar will rise, and all other currencies will go down..... There is more likely to be another financial crisis coming...I can just smell it...

Cable Update (GBPUSD)

Usually todays and past few days price actions environment is called Trader's Paradise...because you do multiple trades, and if you are managing some one else's money then you are bagging commission lot more frequently...But this is not a good ...

Cable Update (GBPUSD)

The current pattern is slippery tube going range bound. Inside the tube, the prices are moving with a super speed walll to wall,,its like nuclear electron is under firy reaction with a catalyst lit up...this might send the price to shoort up once ...

Cable Update (GBPUSD)

Here we are since two days, Gu has been teasing with the market and enjoying the ride beofre a total collapse... What I learned from my trading experience is that, the market periodically chnage its pattern so that it becomes difficult to understand ...

Cable Update (GBPUSD)

Dubai is managing debt quite well, its all about managing debt from US to China.... no one is doing perfect... The misconception was that, the market believes that if US credit rating goes down then all other currencies will go up including the ...

Cable Update (GBPUSD)

You got a good a point there... I am facing bunch day traders in here...Good to know that...But, its good to have a breif on fundamentals as well while you are day trading....otherwise, you might get caught while scalping

Cable Update (GBPUSD)

Where is the disagreement here...we are agreeing on the same thing...UK's CDS is far more vulnerable than US, then UK is in deeper shit whats so ever if the rating of the US is undermined....Which means , GBP is going down the drain, I might use ...

Cable Update (GBPUSD)

I am short all the way in stages, currently on my index, the long signal started at 1.6270.... For me, breaking this level will take Gu down ward, the long signal is void... The momentum is not there, hence I am not convinced of long move...This is ...

Cable Update (GBPUSD)

GBP is the worst position of all — There is a misconception in the market that if the rating of the US AAA is undermined, then USD will go down but GBP will go up...The reality is that if the rating of AAA of US goes down, then it will take ...

Cable Update (GBPUSD)

There is a misconception in the market that if the rating of the US AAA is undermined, then USD will go down but GBP will go up...The reality is that if the rating of AAA of US goes down, then it will take GBP down with it....because UK is relying ...

Cable Update (GBPUSD)

There is a misconception in the market that if the rating of the US AAA is undermined, then USD will go down but GBP will go up...The reality is that if the rating of AAA of US goes down, then it will take GBP down with it....because UK is relying ...

Cable Update (GBPUSD)