GBP

wow said u must be well under water on that cable shout..

from the seventh to the eightth of last mont i count a 3 3 5 pattern and that is why i suggest and i maintain the level of 1.50/52

Goodness....
I run fx crosses hedge with 28 pairs. So I am always even. I take profit from profitable positions and let the losses run they always come back I just have to wait.
That reduces trading to linear optimization.
Today I took profit of 1.800 EUR as I bet no QE BoE . The losses are 1.700 EUR .
If EURUSD comes down I'll open a position at 1381 EURUS long and take profit from EURUSD short @ 13988 then the loss turns into profit. I do that for 5 years now and it always works
because CBs don't go for profit they go for minimum risk. maybe the FED is an exception
but so far they have purchased 2.7 bln in UST not 500 bln thats only talk.

I agree Redstone and my next significant target level on the map is at 1.6052 for a probable reaction.

Catnip, your stuff is all very interesting but show me your trading account. Are you into 6 figure earnings with what you do with analysis ?

manufac figures came in slightly better than expected. market ignoring halifax house drop. now see GBP going through 160. poss today depends now on boe..