GBP/USD trading

I'm talking the trend in general.

If I'm not wrong, from 17 Sept 2007 till 9 Nov 2007, GBPUSD is trending up.

smaller TF is just showing ripple in this up swing trend.

I am not sure about the trend now. is it at the bottom of down swing or still going down.



Quote from TL Trader:

What time frame?
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On the BP futures today, as the big spike up occured, I saw a 1200 lot flashing in the ask column. Someone was either faking it or very concerned. If nothing else we may be reaching a critical mass stage on direction. That was a biggie for BP even from the option monsters. As best I could tell it did not trade through.

Pounding%20Up.PNG
 
Quote from steveorca:

what is "cable" anyway

"cable can touch 2.0065 today...

GL & GT"
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Cable - Trader jargon for the British Pound Sterling referring to the Sterling/US Dollar exchange rate.
 
Ok. thanks.

Cable's H4 and D1 are @ the bottom of MACD.

will it go up.....

Quote from TL Trader:

Cable - Trader jargon for the British Pound Sterling referring to the Sterling/US Dollar exchange rate.
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Quote from steveorca:

Ok. thanks.

Cable's H4 and D1 are @ the bottom of MACD.

will it go up.....
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steveorca- It will go up on 12/19/2007...

P>S> closed short and waiting for point to enter long...will update entry point in several hours...

GL
 
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