Strong move on thin volume, I wouldnt be surprised to see this below 1.580 either, though not till london tomorrow i think, and I think they will taker her up a bit first before driving it down. No doubt that down is where we are going though.

Cable Update (GBPUSD)

As of late, once london is done for the day, which they are now, the last half of the us session has generally been bullish. I suspect (now this is just my opinion) that the price will float back up to 1.596 for the rest of the day. this is based ...

Cable Update (GBPUSD)

of course i could be wrong, SL hit

Cable Update (GBPUSD)

I dont think that will happen today, next week perhaps.. Its been in a range for the last week or so, I dont think the break out will be this week..

Cable Update (GBPUSD)

long 1.5908, SL 1.5890.. Think this might be the end of the drop.. lol we'll see..

Cable Update (GBPUSD)

Looking for it to drop to 1.593x and bounce.. finger waiting on the trigger

Cable Update (GBPUSD)

you presume this is the bottom, there could be some more downside to come. Besides most of the "news" is factored in already......... and if not, just a spike then and return to the trend....

Cable Update (GBPUSD)

Buy into weakness & Sell into strenght So as price is dropping, the pros are slowly buying?? whilst everyone else is getting ready to catch the south bound pip train.. only to find when price hits X.XXXX.. she derails? And the lighting express heads ...

Cable Update (GBPUSD)

thats because they always (well almost always) push it up a bit before they knocker her down.. or visa versa.. I bet the same tonite upto 1.601x and then drop down into 1.58xx guess just have to wait and see.. Cheers

Cable Update (GBPUSD)

What about the theory that the pros buy into weakness and sell into strength (yes i stole that from you )??

Cable Update (GBPUSD)

Please do! I half think the market is playing a trick on me.. letting me believe that my system works now that I have discovered "patience and discipline".. lol Just been taking it a week at a time, getting better usually every week, or at least ...

Auslanco - GBP/JPY and GBP/USD (newstrade)

I'm with you, so far month of december 24 out of 25 trades successful, account up 117% Its my Xmass present to myself GU has been the catalyst for me..

Auslanco - GBP/JPY and GBP/USD (newstrade)

I can see what you mean about the USD, but one thing is the US will not relinquish its currency as the international base currency.. might not be caled the USD, but they will have a hold on it what ever it gets called.. I'm also inclined to think we ...

Cable Update (GBPUSD)

You might be right, though I think there is some more downside to come. I would rather short the rally(with the trend), than buy the retrace.. I wouldnt be surprised to see 1.6260 before another leg down..

Cable Update (GBPUSD)

Based on what????

Cable Update (GBPUSD)

Hi Quecee.. What are your thoughts on the GU?? Cheers

Auslanco - GBP/JPY and GBP/USD (newstrade)

Its been testing 1.6200 for two days now and ranging up to 1.63xx with higher lows and lower highs, the range is tightening which leads to a break out In my opinion we go downwards 1.61ish, maybe 1.6050 then take off to the upside.

Auslanco - GBP/JPY and GBP/USD (newstrade)

You didnt hold your short from 1.6446 from yesterday then? I closed mine 1.6286, figured we retrace to 1.6375-6400 to look to get short as well. I'm having doubts it will get there now.

Auslanco - GBP/JPY and GBP/USD (newstrade)

you and I think the exact same way, I shorted 1.6446, watched it go up with-in a few pips of my stop and come back down. Has a bullish feeling to it, I think I should have closed it like Malc did at the 28 level.

Auslanco - GBP/JPY and GBP/USD (newstrade)

Spot on DT you the man Cheers

Auslanco - GBP/JPY and GBP/USD (newstrade)