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.
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.
how about this down side journey guys, any warning from indicator before which can alert us that this will happened.
Cable - Trader jargon for the British Pound Sterling referring to the Sterling/US Dollar exchange rate.
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