Adding to the above correct statement: It means they are locking in their profits, taking money of the table. Normally gets referred to in a "borring" bull market when the market moves up slowly and then "they take profit" - ie the market "corrects" ...

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

Does anyone know why the euro is gaining against gbp?

Cable Update (GBPUSD)

And there should be barrier options at 1.60

Cable Update (GBPUSD)

Yes - lets swing for the fences - I stay long based on the 14smoothed RSI daily chart approaching 70 and the weekly's momentum.

Cable Update (GBPUSD)

Please let me know if you disagree but the market may be thin this week, ie the players making the trend has done their thing, it is now the traders only in the market....which kind of explain the strong (thin) move yesterday in gu

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

Agree with this - lots of momentum. Also to GBPCHF and EURGBP charts... Retail sales coming out in London session may turn things around but lately the data have been better than expected.

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

Hi Eric See you are on this thread now - can you elaborate a bit on the dotcom volatility please....a bit before my time...but curious to find out?

Cable Update (GBPUSD)

Thank you - then the weekly close is a strong factor to take into account? Even with this momentum?

Cable Update (GBPUSD)

For the experienced... — Hi guys, Looking at the weekly cable is likely to go to 1.65 in straight line or have a pause somewhere (or turn down...) Apart from any major fundamental or fiscal change / change in government action what cause cable ...

Cable Update (GBPUSD)

156? — 156 sounds good from here... BTW - what has happened to sell in May and go away? or is it now cover shorts in May and go away?

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

depends, against which cross? ...though you may be confused with the current strong gbp sentiment..

Cable Update (GBPUSD)

Pound bull — Looks as if EURGBP wants to break high .87's...

Cable Update (GBPUSD)

If you look at weekly and daily's momentum a short should be a quick scalp...

Cable Update (GBPUSD)

Hi - is there any reason for a positive $ sentiment with the TARP pay backs from big banks? Will the government withdraw that money from the system?

Cable Update (GBPUSD)

Thank you, I will have a look at your thread.

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

Absolutely.

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

What do you think is going to cause a pullback? What can I look out for?

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

Not sure if you guys take note of EURGBP - but this can give good notice of momentum for GBP - and at end of NY session it had a nice pullback.

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

Yes - I tried to short at end of NY session on a demo (fortunately). If volume is thin she is going to drift higher ....

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

With the big banks paying back TARP money this rally (and bid for GY) can continue through till 2 hours in tomorrow's NY session. Volume on trade in this past NY session was thin. 150 is not unlikely at all...

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