suppose the reason for my concern is i think the lack of QE3 this friday will see maybe 100 pips south. Todays data has given more optimism for it happening but in reality it will take more to make the fed act.

Cable Update (GBPUSD)

Yeah this slow market is tough, gives you more time to worry about your trades (like now with my longs) its great when the momentum is carrying you along but now? Have to step away from the screen for a while. Still holding longs looking for 1.585 ...

Cable Update (GBPUSD)

i see this testing the 1.59 high of last week over the next few days, i am long, then i am short when the hopes of QE3 are dampened on Friday

Cable Update (GBPUSD)

yes sir, wished i woke up sooner, gonna hold 2 of these to 1.585 and the other two will set the SL at 1.585 after a move off there

Cable Update (GBPUSD)

by the way, very glad to see Poundtrader again.

Cable Update (GBPUSD)

agreed

Cable Update (GBPUSD)

I need to start trusting my charts more — Missed the break of my lines (fell asleep) just entered long x3 @ 1.581 and will be expecting to see at least 1.585

Cable Update (GBPUSD)

Waiting for a break — Call me inpatient but i will be entering a trade when i see a break outside of these lines... (hoping its a sell but time will tell) ((yes im a poet and i dont know it))

Cable Update (GBPUSD)

So far this thing still following my line...

Cable Update (GBPUSD)

Another point - If we clear this line at 1.574 i see 1.5600 and an indication of a lack of QE3 will see us back down in the 1.54's

Cable Update (GBPUSD)

About to get interesting for me.... pending buy at 1.575 with a target of 1.585 S/L at 1.573

Cable Update (GBPUSD)

approaching 1.575 which is bang on my bullish lower trend line over the last few weeks. Logic tells me to be long with a small lot from 1.575 but with the moves lately im not quite as comfortable as i should be.

Cable Update (GBPUSD)

nice chart (as always) looking at it the same way and until then no trades. Always enjoy your charts Kang, good stuff

Cable Update (GBPUSD)

3 weeks of bullish trend, price would hit this line today at 1.575

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1.575 is the lowest i see based on my charts, anything further would depend on news

Cable Update (GBPUSD)

bullish trends overall, daily in particular. Sell off that was expected on friday to retrace but a resumption in uptrend expected. Me personally no real strong feeling either way. medium term bearish though.

Cable Update (GBPUSD)

Some great posts here, especially bguguen being drunk, I think the QE thing is the primary driver of the markets right now and Redbeben touched on something very important that seems to be being overlooked. The QE in the UK which is FAR more likley ...

Cable Update (GBPUSD)

suppose people get sick of anything after a while, even making money?

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if PT was closed out at 1.59 then that would be sad news. Especially since the shorts he was looking for will likely come good now. ironic

Cable Update (GBPUSD)

testing the low again, didnt look like it had the strength, small shorts closed for 20 pips (again)

Cable Update (GBPUSD)