Scenario Three: (not likely but possible) this means that usa is in ruins. dollar is toilet paper... It goes up and up and up...[/quote] Ahhh I see you've seen my avatar then, im preemting this at some point this year

Cable Update (GBPUSD)

how accurate is this indicator??

Cable Update (GBPUSD)

my feeling is as long as were below this first trendline then looking for shorts on signal around the 5250 - 5300 level, 1.48xx being the target area. A clean break above the trendline then looking for longs to 5700. Good luck everyone most likely i ...

Cable Update (GBPUSD)

yes you are correct, i reckon we will still make one more move up to at least 5280 before coming down again, just my opinion though

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im closed out now so gonna wait 5070 ish area for longs at the moment for me

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for now im still holding on for 5070 but i may close it sooner. i will be looking for longs from 5070 though depending on price action, with targets of 5260

Cable Update (GBPUSD)

looking good for my 5070 tp its coming up to the 1hr 62ema but that ema is looking a bit flat at the moment for a long entry. i think after 5070 ish then back to 5160 - 5200 area then heading deep down after that

Cable Update (GBPUSD)

my tp is at 5070

Cable Update (GBPUSD)

Im glad i wasnt about earlier to trade this cause what the hell is going on aparently we reduced interest by .5% and talk about printing money too and some how people want to buy £? weird. On my chart the body of 2 candles stayed just a fraction ...

Cable Update (GBPUSD)

right I have a big pin on my 4hr now so adding shorts

Cable Update (GBPUSD)

but if that trend line is broken cable could go up to the next one which is a little far away. Im gonna wait for this 4hr pin to finish if it stays the same then shorting it.

Cable Update (GBPUSD)

this is definatly the worrying factor for going short before the decision tomorrow. I wont be able to trade tomorrow so i'll prob wait for fri and look for longs then as long as the BOE dont do something crazy with the rates that is

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lol nothings certain but id imagine the BOE will want to be quick as they are obviously following the same plan as the FED and the FED were accused of not acting quickly enough, just my thoughts though

Cable Update (GBPUSD)

the price action is similar to yesterday after it gave up going up any further

Cable Update (GBPUSD)

the Major trend is still down, but we have been testing multi year lows unless we fall below 4350 tomorrow then its most likely we will start heading up again for the forseeable future once everyone has gotten over the rate cut. If you have a short ...

Cable Update (GBPUSD)

interesting thought, its definatly the pattern of large institutional buying

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exactly what i was thinking

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i took a small short at 5089 well see your prob right

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im closed out now didnt like the last 15min candle or price action now

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yeah and it looks like commercial buying as well, nice smooth and consistant

Cable Update (GBPUSD)