DislikedWhy don't you just lock it and let it go further? When it reaches 4300 level cci will prolly be settling in the oversold. That usually will push it down. Just a thought.Ignored
DislikedI will let it pull back, probably to around the 23-38% Fib level and put another full lot on at the turn.Ignored
Dislikedrumors (dealer chatter) that the British gov't is set to announce details of a bank bailout plan at 1pm today. No idea what effect this would have on pound currently.Ignored
Disliked1.4376 is at the 50 % retracement level so I guess that unless this is broken we are going to go north at some stage, seems very slow at the momentIgnored
Disliked[font=Arial]The underlying fundamentals are still in the drivers seat right now… the cable along with any of the majors or any JPY cross are concentrating on where the equates go from here. Risk aversion or an apatite for risk will give be the mitigating factor where the cable heads today. If we see the equates markets pick up some steam again today and make a run at DOW 7500 we could see this pair put some pressure on the previous support line as new resistance around 1.4475. We may see a contrarian approach today to the economic data due out this...Ignored
DislikedWith Bernanke going to talk shortly I am out for now.
Every time he opens his mouth the market goes the opposite of where it should go.Ignored