Attachments: Cable Update (GBPUSD)

Cable Update (GBPUSD)

#861
Dec 5, 2006 7:24pm Dec 5, 2006 7:24pm

aswilled
| Commercial User | Joined Nov 2006 | 604 Posts

Quoting shahfx

Disliked

Im a banker,my company(bank) make a lot of money including myself on Monthly bases..

Ignored

Mr Banker, you have a lot of knowledge to share on price movements. Help people to understand the buy and sell orders move the market, not expectations, etc.

A. Finesse Williams Making Millions One Pip At A Time!

#862
Dec 5, 2006 7:42pm Dec 5, 2006 7:42pm

GirlFlyer
Joined Aug 2006 | Status: Trader | 485 Posts

Quoting afemi94ce

Disliked

Did anyone notice that this current dollar dive took place right after the most recent meeting of the world's top central banks a couple of weeks ago? The meeting out of which NO NEWS ever comes?

China put the spook into everyone and now it's all panic time and the death of the dollar. I do believe, to parahrase Mark Twain, the reports of its death are greatly exaggerated.

Someone is being taught a lesson. We speculators are just the beneficiaries of it.

AFF

Ignored

Though this may be true, the charts show the trend for the Eur/usd was coming. It actually started trending up in late October. Take a look at this 4 hr chart of the eur/usd. The trend clearly started there and just accelerated around the 24th of November. This looks like a move was just waiting to happen for a month in advance. How many got caught on this? How many took advantage. Depends on how you look at it....

Either way, the trend may be flattening out for a bit... but only some time will tell.

GirlFlyer

Attached Image

#863
Dec 5, 2006 7:44pm Dec 5, 2006 7:44pm

GirlFlyer
Joined Aug 2006 | Status: Trader | 485 Posts

Sorry,

that chart looks bad... but at the cross over of the MA's going up at the left of the chart it is Oct. 20.

GF

#864
Dec 5, 2006 7:50pm Dec 5, 2006 7:50pm

Tiki Trader
| Joined May 2006 | Status: Trade Towards the 5 ema | 2,881 Posts

Well actually I see the trend pretty much started around april 3 2006... if I had only traded a $10 / pip long then, and kept it until now...

Look at daily back until then... and well, the truth is that thet upward GBP has been a long time...

But sometimes I use a 5-13-62 ema crossover system... and if you look back until about April 3 of this year... it has been a classic Rob Booker 5-13-62 trend on the daily...

#865
Dec 5, 2006 8:04pm Dec 5, 2006 8:04pm

GirlFlyer
Joined Aug 2006 | Status: Trader | 485 Posts

Quoting Tiki Trader

Disliked

Well actually I see the trend pretty much started around april 3 2006... if I had only traded a $10 / pip long then, and kept it until now...

Look at daily back until then... and well, the truth is that thet upward GBP has been a long time...

But sometimes I use a 5-13-62 ema crossover system... and if you look back until about April 3 of this year... it has been a classic Rob Booker 5-13-62 trend on the daily...

Ignored

No doubt about that, but we consolidated for the whole summer and half of fall. I was just mainly referring to our most recent run.

#866
Dec 5, 2006 8:25pm Dec 5, 2006 8:25pm

Tiki Trader
| Joined May 2006 | Status: Trade Towards the 5 ema | 2,881 Posts

I still see it as uptrend all the way... but the main thing would be thatyou made money on it...

And I will be honest and tell you I have only lost... so you are problably far ahead of me !!! And here's to you if you did ( and I do hope you did )

#867
Dec 5, 2006 8:30pm Dec 5, 2006 8:30pm

aswilled
| Commercial User | Joined Nov 2006 | 604 Posts

Quoting mtcdavs

Disliked

I suspect, AFF, you are probably on to something here. Other reports burried in news web sites suggest the dollar isn't hurt as bad as people are making it out to be. So, is China being set up for a big upswing in it's currency? There were further rumors of China selling off it's US Dollar holdings but, as I can see, hasn't happened. Also, EUR/JYP has been making some interesting moves in the mist of all of this as well. Only, the spread on that pair was to scary for me to trade. To be truthful, who knows??? I'll just continue to hold to my short on the EUR and see what happens. What else can we do, right???

As Aswelled was saying above, just follow the trend and trade as the markets tell you. People have been analyzing all these moves to death but, the price keeps moving, one way or another. What else can be said???

Ignored

Well said. Couldn't of said it better myself.

A. Finesse Williams Making Millions One Pip At A Time!

#868
Dec 5, 2006 8:34pm Dec 5, 2006 8:34pm

stealth_hunterz
| Joined Jul 2006 | Status: Trader | 17 Posts

I've been watching the price actions on the cable's 1H chart almost full time so I hardly sleep and it seems to me that it is unable to sustain on the upside as the candlesticks naturally moving downwards smootly on mostly every ticks, however there are adequate buyers able to pull it right back on the rescue just to sustain the uptrend but they seem to push it upwards too hard and quite suffering a lot though. There's no definite to this but at least that's what it seems to me after watching on mostly every ticks of trading actions on 1H chart.

#869
Dec 5, 2006 8:38pm Dec 5, 2006 8:38pm

Yacob
| Joined Jul 2006 | Status: Support & Resistance | 79 Posts

Look at bigger timeframe e.g. daily,weekly chart, you will see the result/trend.

Yacob

I dive the market without Fear.

#870
Dec 5, 2006 8:43pm Dec 5, 2006 8:43pm

stealth_hunterz
| Joined Jul 2006 | Status: Trader | 17 Posts

To support this view:
- Based on the elliot wave theory, the correction waves are starting so there should be a downtrend where the "3-waves counter trend" is to rides it down naturally.
- The uptrend trendline is broken where it no longer holds definite on the uptrend but it should be economic data dependent right now. If some good news from the US is to push the cable further down today that explains a lot on the corrective waves as well.

* My observation so far, the bulls are tired and it's trying to hold its trend just because on overall that they want to hold the uptrend true for the chance of reaching 2.0. Anyway, let's see what happens then.

#871
Dec 5, 2006 8:47pm Dec 5, 2006 8:47pm

stealth_hunterz
| Joined Jul 2006 | Status: Trader | 17 Posts

Based on the elliot waves theory, on H1 and H4 chart everything are in place. The H4 chart, there's a short downtrend while the H1 chart there's a longer downtrend waves (corrective waves). D1 chart shows a short downtrend is still continues since the impulsive waves start on 17th Nov.

IMHO, even though the bulls are to make a surprise moves on the upside but eventually it'll be tamed by the bears' trend. Just my personal opinion after homeworks.

#872
Dec 5, 2006 9:06pm Dec 5, 2006 9:06pm

parlenk
Joined Mar 2006 | Status: FxMoveDotCom | 658 Posts

Still no movement but let's wait for few hours to go.I entered sell @ 9735.My tp set on 1.9784.hmm according to vegas and mouteki the cable will go down for a short and small range.hope today will provide some pips.

.this month will seal the whole year (errr holiday month..hate holiday since the market will lame) vocation,party,chicks,hmmm all made by pips.cheers

#873
Dec 5, 2006 9:15pm Dec 5, 2006 9:15pm

goodthings
Joined Aug 2006 | Status: Trader | 1,852 Posts

Cable is currently at the daily pivot

<TABLE style="WIDTH: 244pt; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 width=325 border=0 x:str><COLGROUP><COL style="WIDTH: 50pt; mso-width-source: userset; mso-width-alt: 2413" width=66><COL style="WIDTH: 50pt; mso-width-source: userset; mso-width-alt: 2450" width=67><COL style="WIDTH: 48pt" span=3 width=64><TBODY><TR style="HEIGHT: 12.75pt" height=17><TD class=xl34 style="BORDER-RIGHT: #ece9d8; BORDER-TOP: #ece9d8; BORDER-LEFT: #ece9d8; WIDTH: 50pt; BORDER-BOTTOM: #ece9d8; HEIGHT: 12.75pt; BACKGROUND-COLOR: transparent" width=66 height=17>GBP/USD</TD><TD class=xl24 style="BORDER-RIGHT: #ece9d8; BORDER-TOP: #ece9d8; BORDER-LEFT: #ece9d8; WIDTH: 50pt; BORDER-BOTTOM: #ece9d8; BACKGROUND-COLOR: transparent" width=67>High</TD><TD class=xl24 style="BORDER-RIGHT: #ece9d8; BORDER-TOP: #ece9d8; BORDER-LEFT: #ece9d8; WIDTH: 48pt; BORDER-BOTTOM: #ece9d8; BACKGROUND-COLOR: transparent" width=64>Low</TD><TD class=xl24 style="BORDER-RIGHT: #ece9d8; BORDER-TOP: #ece9d8; BORDER-LEFT: #ece9d8; WIDTH: 48pt; BORDER-BOTTOM: #ece9d8; BACKGROUND-COLOR: transparent" width=64>Close</TD><TD class=xl24 style="BORDER-RIGHT: #ece9d8; BORDER-TOP: #ece9d8; BORDER-LEFT: #ece9d8; WIDTH: 48pt; BORDER-BOTTOM: #ece9d8; BACKGROUND-COLOR: transparent" width=64>Difference</TD></TR><TR style="HEIGHT: 12.75pt" height=17><TD class=xl24 style="BORDER-RIGHT: #ece9d8; BORDER-TOP: #ece9d8; BORDER-LEFT: #ece9d8; BORDER-BOTTOM: #ece9d8; HEIGHT: 12.75pt; BACKGROUND-COLOR: transparent" height=17>Daily</TD><TD class=xl30 style="BORDER-RIGHT: #ece9d8; BORDER-TOP: #ece9d8; BORDER-LEFT: #ece9d8; BORDER-BOTTOM: #ece9d8; BACKGROUND-COLOR: transparent" align=right x:num="1.9813000000000001">1.9813</TD><TD style="BORDER-RIGHT: #ece9d8; BORDER-TOP: #ece9d8; BORDER-LEFT: #ece9d8; BORDER-BOTTOM: #ece9d8; BACKGROUND-COLOR: transparent" align=right x:num="1.9678">1.9678</TD><TD style="BORDER-RIGHT: #ece9d8; BORDER-TOP: #ece9d8; BORDER-LEFT: #ece9d8; BORDER-BOTTOM: #ece9d8; BACKGROUND-COLOR: transparent" align=right x:num="1.9726999999999999">1.9727</TD><TD style="BORDER-RIGHT: #ece9d8; BORDER-TOP: #ece9d8; BORDER-LEFT: #ece9d8; BORDER-BOTTOM: #ece9d8; BACKGROUND-COLOR: transparent" align=right x:num="1.3500000000000068E-2" x:fmla="=SUM(B2-C2)">0.0135</TD></TR><TR style="HEIGHT: 12.75pt" height=17><TD class=xl24 style="BORDER-RIGHT: #ece9d8; BORDER-TOP: #ece9d8; BORDER-LEFT: #ece9d8; BORDER-BOTTOM: #ece9d8; HEIGHT: 12.75pt; BACKGROUND-COLOR: transparent" height=17>Weekly</TD><TD class=xl30 style="BORDER-RIGHT: #ece9d8; BORDER-TOP: #ece9d8; BORDER-LEFT: #ece9d8; BORDER-BOTTOM: #ece9d8; BACKGROUND-COLOR: transparent" align=right x:num="1.9845999999999999">1.9846</TD><TD style="BORDER-RIGHT: #ece9d8; BORDER-TOP: #ece9d8; BORDER-LEFT: #ece9d8; BORDER-BOTTOM: #ece9d8; BACKGROUND-COLOR: transparent" align=right x:num="1.9306000000000001">1.9306</TD><TD style="BORDER-RIGHT: #ece9d8; BORDER-TOP: #ece9d8; BORDER-LEFT: #ece9d8; BORDER-BOTTOM: #ece9d8; BACKGROUND-COLOR: transparent" align=right x:num="1.9811000000000001">1.9811</TD><TD class=xl30 style="BORDER-RIGHT: #ece9d8; BORDER-TOP: #ece9d8; BORDER-LEFT: #ece9d8; BORDER-BOTTOM: #ece9d8; BACKGROUND-COLOR: transparent" align=right x:num="5.3999999999999826E-2" x:fmla="=SUM(B3-C3)">0.0540</TD></TR><TR style="HEIGHT: 12.75pt" height=17><TD class=xl24 style="BORDER-RIGHT: #ece9d8; BORDER-TOP: #ece9d8; BORDER-LEFT: #ece9d8; BORDER-BOTTOM: #ece9d8; HEIGHT: 12.75pt; BACKGROUND-COLOR: transparent" height=17>Monthly</TD><TD style="BORDER-RIGHT: #ece9d8; BORDER-TOP: #ece9d8; BORDER-LEFT: #ece9d8; BORDER-BOTTOM: #ece9d8; BACKGROUND-COLOR: transparent" align=right x:num="1.9696">1.9696</TD><TD style="BORDER-RIGHT: #ece9d8; BORDER-TOP: #ece9d8; BORDER-LEFT: #ece9d8; BORDER-BOTTOM: #ece9d8; BACKGROUND-COLOR: transparent" align=right x:num="1.8835999999999999">1.8836</TD><TD style="BORDER-RIGHT: #ece9d8; BORDER-TOP: #ece9d8; BORDER-LEFT: #ece9d8; BORDER-BOTTOM: #ece9d8; BACKGROUND-COLOR: transparent" align=right x:num="1.9653">1.9653</TD><TD class=xl30 style="BORDER-RIGHT: #ece9d8; BORDER-TOP: #ece9d8; BORDER-LEFT: #ece9d8; BORDER-BOTTOM: #ece9d8; BACKGROUND-COLOR: transparent" align=right x:num="8.6000000000000076E-2" x:fmla="=SUM(B4-C4)">0.0860</TD></TR><TR style="HEIGHT: 12.75pt" height=17><TD class=xl24 style="BORDER-RIGHT: #ece9d8; BORDER-TOP: #ece9d8; BORDER-LEFT: #ece9d8; BORDER-BOTTOM: #ece9d8; HEIGHT: 12.75pt; BACKGROUND-COLOR: transparent" height=17></TD><TD style="BORDER-RIGHT: #ece9d8; BORDER-TOP: #ece9d8; BORDER-LEFT: #ece9d8; BORDER-BOTTOM: #ece9d8; BACKGROUND-COLOR: transparent"></TD><TD style="BORDER-RIGHT: #ece9d8; BORDER-TOP: #ece9d8; BORDER-LEFT: #ece9d8; BORDER-BOTTOM: #ece9d8; BACKGROUND-COLOR: transparent"></TD><TD style="BORDER-RIGHT: #ece9d8; BORDER-TOP: #ece9d8; BORDER-LEFT: #ece9d8; BORDER-BOTTOM: #ece9d8; BACKGROUND-COLOR: transparent"></TD><TD class=xl30 style="BORDER-RIGHT: #ece9d8; BORDER-TOP: #ece9d8; BORDER-LEFT: #ece9d8; BORDER-BOTTOM: #ece9d8; BACKGROUND-COLOR: transparent" align=right x:num x:fmla="=SUM(B5-C5)">0.0000</TD></TR><TR style="HEIGHT: 12.75pt" height=17><TD class=xl36 style="BORDER-RIGHT: #ece9d8; BORDER-TOP: #ece9d8; BORDER-LEFT: #ece9d8; BORDER-BOTTOM: #ece9d8; HEIGHT: 12.75pt; BACKGROUND-COLOR: yellow" height=17> </TD><TD style="BORDER-RIGHT: #ece9d8; BORDER-TOP: #ece9d8; BORDER-LEFT: #ece9d8; BORDER-BOTTOM: #ece9d8; BACKGROUND-COLOR: transparent; mso-ignore: colspan" colSpan=4>Yellow is for all Pip levels within 200 pips of Current Price</TD></TR><TR style="HEIGHT: 12.75pt" height=17><TD class=xl24 style="BORDER-RIGHT: #ece9d8; BORDER-TOP: #ece9d8; BORDER-LEFT: #ece9d8; BORDER-BOTTOM: #ece9d8; HEIGHT: 12.75pt; BACKGROUND-COLOR: transparent" height=17></TD><TD style="BORDER-RIGHT: #ece9d8; BORDER-TOP: #ece9d8; BORDER-LEFT: #ece9d8; BORDER-BOTTOM: #ece9d8; BACKGROUND-COLOR: transparent"></TD><TD style="BORDER-RIGHT: #ece9d8; BORDER-TOP: #ece9d8; BORDER-LEFT: #ece9d8; BORDER-BOTTOM: #ece9d8; BACKGROUND-COLOR: transparent"></TD><TD style="BORDER-RIGHT: #ece9d8; BORDER-TOP: #ece9d8; BORDER-LEFT: #ece9d8; BORDER-BOTTOM: #ece9d8; BACKGROUND-COLOR: transparent"></TD><TD style="BORDER-RIGHT: #ece9d8; BORDER-TOP: #ece9d8; BORDER-LEFT: #ece9d8; BORDER-BOTTOM: #ece9d8; BACKGROUND-COLOR: transparent"></TD></TR><TR style="HEIGHT: 12.75pt" height=17><TD class=xl24 style="BORDER-RIGHT: #ece9d8; BORDER-TOP: #ece9d8; BORDER-LEFT: #ece9d8; BORDER-BOTTOM: #ece9d8; HEIGHT: 12.75pt; BACKGROUND-COLOR: transparent" height=17></TD><TD class=xl24 style="BORDER-RIGHT: #ece9d8; BORDER-TOP: #ece9d8; BORDER-LEFT: #ece9d8; BORDER-BOTTOM: #ece9d8; BACKGROUND-COLOR: transparent">DAILY</TD><TD class=xl24 style="BORDER-RIGHT: #ece9d8; BORDER-TOP: #ece9d8; BORDER-LEFT: #ece9d8; BORDER-BOTTOM: #ece9d8; BACKGROUND-COLOR: transparent">WEEKLY</TD><TD class=xl24 style="BORDER-RIGHT: #ece9d8; BORDER-TOP: #ece9d8; BORDER-LEFT: #ece9d8; BORDER-BOTTOM: #ece9d8; BACKGROUND-COLOR: transparent; mso-ignore: colspan" colSpan=2>MONTHLY</TD></TR><TR style="HEIGHT: 12.75pt" height=17><TD class=xl25 style="BORDER-RIGHT: #ece9d8; BORDER-TOP: #ece9d8; BORDER-LEFT: #ece9d8; BORDER-BOTTOM: #ece9d8; HEIGHT: 12.75pt; BACKGROUND-COLOR: transparent" height=17>R3</TD><TD class=xl33 style="BORDER-RIGHT: #ece9d8; BORDER-TOP: #ece9d8; BORDER-LEFT: #ece9d8; BORDER-BOTTOM: #ece9d8; BACKGROUND-COLOR: yellow" align=right x:num="1.9935666666666667" x:fmla="=SUM(B2+2*(B15-C2))">1.9936</TD><TD class=xl35 style="BORDER-RIGHT: #ece9d8; BORDER-TOP: #ece9d8; BORDER-LEFT: #ece9d8; BORDER-BOTTOM: #ece9d8; BACKGROUND-COLOR: transparent" align=right x:num="2.0542666666666665" x:fmla="=SUM(B3+2*(C15-C3))">2.0543</TD><TD class=xl35 style="BORDER-RIGHT: #ece9d8; BORDER-TOP: #ece9d8; BORDER-LEFT: #ece9d8; BORDER-BOTTOM: #ece9d8; BACKGROUND-COLOR: transparent" align=right x:num="2.0814000000000004" x:fmla="=SUM(B4+2*(D15-C4))">2.0814</TD><TD style="BORDER-RIGHT: #ece9d8; BORDER-TOP: #ece9d8; BORDER-LEFT: #ece9d8; BORDER-BOTTOM: #ece9d8; BACKGROUND-COLOR: transparent"></TD></TR><TR style="HEIGHT: 12.75pt" height=17><TD class=xl25 style="BORDER-RIGHT: #ece9d8; BORDER-TOP: #ece9d8; BORDER-LEFT: #ece9d8; BORDER-BOTTOM: #ece9d8; HEIGHT: 12.75pt; BACKGROUND-COLOR: transparent" height=17>MR3</TD><TD class=xl33 style="BORDER-RIGHT: #ece9d8; BORDER-TOP: #ece9d8; BORDER-LEFT: #ece9d8; BORDER-BOTTOM: #ece9d8; BACKGROUND-COLOR: yellow" align=right x:num="1.9904999999999999" x:fmla="=SUM(B9+B11)/2">1.9905</TD><TD class=xl35 style="BORDER-RIGHT: #ece9d8; BORDER-TOP: #ece9d8; BORDER-LEFT: #ece9d8; BORDER-BOTTOM: #ece9d8; BACKGROUND-COLOR: transparent" align=right x:num="2.0368499999999998" x:fmla="=SUM(C9+C11)/2">2.0369</TD><TD class=xl35 style="BORDER-RIGHT: #ece9d8; BORDER-TOP: #ece9d8; BORDER-LEFT: #ece9d8; BORDER-BOTTOM: #ece9d8; BACKGROUND-COLOR: transparent" align=right x:num="2.0534500000000002" x:fmla="=SUM(D9+D11)/2">2.0535</TD><TD style="BORDER-RIGHT: #ece9d8; BORDER-TOP: #ece9d8; BORDER-LEFT: #ece9d8; BORDER-BOTTOM: #ece9d8; BACKGROUND-COLOR: transparent"></TD></TR><TR style="HEIGHT: 12.75pt" height=17><TD class=xl25 style="BORDER-RIGHT: #ece9d8; BORDER-TOP: #ece9d8; BORDER-LEFT: #ece9d8; BORDER-BOTTOM: #ece9d8; HEIGHT: 12.75pt; BACKGROUND-COLOR: transparent" height=17>R2</TD><TD class=xl33 style="BORDER-RIGHT: #ece9d8; BORDER-TOP: #ece9d8; BORDER-LEFT: #ece9d8; BORDER-BOTTOM: #ece9d8; BACKGROUND-COLOR: yellow" align=right x:num="1.9874333333333334" x:fmla="=SUM(B15+(B13-B17))">1.9874</TD><TD class=xl35 style="BORDER-RIGHT: #ece9d8; BORDER-TOP: #ece9d8; BORDER-LEFT: #ece9d8; BORDER-BOTTOM: #ece9d8; BACKGROUND-COLOR: transparent" align=right x:num="2.0194333333333332" x:fmla="=SUM(C15+(C13-C17))">2.0194</TD><TD class=xl35 style="BORDER-RIGHT: #ece9d8; BORDER-TOP: #ece9d8; BORDER-LEFT: #ece9d8; BORDER-BOTTOM: #ece9d8; BACKGROUND-COLOR: transparent" align=right x:num="2.0255000000000001" x:fmla="=SUM(D15+(D13-D17))">2.0255</TD><TD style="BORDER-RIGHT: #ece9d8; BORDER-TOP: #ece9d8; BORDER-LEFT: #ece9d8; BORDER-BOTTOM: #ece9d8; BACKGROUND-COLOR: transparent"></TD></TR><TR style="HEIGHT: 12.75pt" height=17><TD class=xl25 style="BORDER-RIGHT: #ece9d8; BORDER-TOP: #ece9d8; BORDER-LEFT: #ece9d8; BORDER-BOTTOM: #ece9d8; HEIGHT: 12.75pt; BACKGROUND-COLOR: transparent" height=17>MR2</TD><TD class=xl33 style="BORDER-RIGHT: #ece9d8; BORDER-TOP: #ece9d8; BORDER-LEFT: #ece9d8; BORDER-BOTTOM: #ece9d8; BACKGROUND-COLOR: yellow" align=right x:num="1.9837499999999999" x:fmla="=SUM(B11+B13)/2">1.9838</TD><TD class=xl35 style="BORDER-RIGHT: #ece9d8; BORDER-TOP: #ece9d8; BORDER-LEFT: #ece9d8; BORDER-BOTTOM: #ece9d8; BACKGROUND-COLOR: transparent" align=right x:num="2.0098500000000001" x:fmla="=SUM(C11+C13)/2">2.0099</TD><TD class=xl35 style="BORDER-RIGHT: #ece9d8; BORDER-TOP: #ece9d8; BORDER-LEFT: #ece9d8; BORDER-BOTTOM: #ece9d8; BACKGROUND-COLOR: transparent" align=right x:num="2.0104500000000001" x:fmla="=SUM(D11+D13)/2">2.0105</TD><TD style="BORDER-RIGHT: #ece9d8; BORDER-TOP: #ece9d8; BORDER-LEFT: #ece9d8; BORDER-BOTTOM: #ece9d8; BACKGROUND-COLOR: transparent"></TD></TR><TR style="HEIGHT: 12.75pt" height=17><TD class=xl25 style="BORDER-RIGHT: #ece9d8; BORDER-TOP: #ece9d8; BORDER-LEFT: #ece9d8; BORDER-BOTTOM: #ece9d8; HEIGHT: 12.75pt; BACKGROUND-COLOR: transparent" height=17>R1</TD><TD class=xl33 style="BORDER-RIGHT: #ece9d8; BORDER-TOP: #ece9d8; BORDER-LEFT: #ece9d8; BORDER-BOTTOM: #ece9d8; BACKGROUND-COLOR: yellow" align=right x:num="1.9800666666666666" x:fmla="=SUM(2*B15)-C2">1.9801</TD><TD class=xl35 style="BORDER-RIGHT: #ece9d8; BORDER-TOP: #ece9d8; BORDER-LEFT: #ece9d8; BORDER-BOTTOM: #ece9d8; BACKGROUND-COLOR: transparent" align=right x:num="2.0002666666666666" x:fmla="=SUM(2*C15)-C3">2.0003</TD><TD class=xl33 style="BORDER-RIGHT: #ece9d8; BORDER-TOP: #ece9d8; BORDER-LEFT: #ece9d8; BORDER-BOTTOM: #ece9d8; BACKGROUND-COLOR: yellow" align=right x:num="1.9954000000000001" x:fmla="=SUM(2*D15)-C4">1.9954</TD><TD style="BORDER-RIGHT: #ece9d8; BORDER-TOP: #ece9d8; BORDER-LEFT: #ece9d8; BORDER-BOTTOM: #ece9d8; BACKGROUND-COLOR: transparent"></TD></TR><TR style="HEIGHT: 12.75pt" height=17><TD class=xl25 style="BORDER-RIGHT: #ece9d8; BORDER-TOP: #ece9d8; BORDER-LEFT: #ece9d8; BORDER-BOTTOM: #ece9d8; HEIGHT: 12.75pt; BACKGROUND-COLOR: transparent" height=17>MR1</TD><TD class=xl33 style="BORDER-RIGHT: #ece9d8; BORDER-TOP: #ece9d8; BORDER-LEFT: #ece9d8; BORDER-BOTTOM: #ece9d8; BACKGROUND-COLOR: yellow" align=right x:num="1.9769999999999999" x:fmla="=SUM(B13+B15)/2">1.9770</TD><TD class=xl33 style="BORDER-RIGHT: #ece9d8; BORDER-TOP: #ece9d8; BORDER-LEFT: #ece9d8; BORDER-BOTTOM: #ece9d8; BACKGROUND-COLOR: yellow" align=right x:num="1.98285" x:fmla="=SUM(C13+C15)/2">1.9829</TD><TD class=xl33 style="BORDER-RIGHT: #ece9d8; BORDER-TOP: #ece9d8; BORDER-LEFT: #ece9d8; BORDER-BOTTOM: #ece9d8; BACKGROUND-COLOR: yellow" align=right x:num="1.9674499999999999" x:fmla="=SUM(D13+D15)/2">1.9675</TD><TD style="BORDER-RIGHT: #ece9d8; BORDER-TOP: #ece9d8; BORDER-LEFT: #ece9d8; BORDER-BOTTOM: #ece9d8; BACKGROUND-COLOR: transparent"></TD></TR><TR style="HEIGHT: 12.75pt" height=17><TD class=xl28 style="BORDER-RIGHT: #ece9d8; BORDER-TOP: #ece9d8; BORDER-LEFT: #ece9d8; BORDER-BOTTOM: #ece9d8; HEIGHT: 12.75pt; BACKGROUND-COLOR: transparent" height=17>Pivot</TD><TD class=xl37 style="BORDER-RIGHT: #ece9d8; BORDER-TOP: #ece9d8; BORDER-LEFT: #ece9d8; BORDER-BOTTOM: #ece9d8; BACKGROUND-COLOR: #99ccff" align=right x:num="1.9739333333333333" x:fmla="=SUM(B2+C2+D2)/3">1.9739</TD><TD class=xl31 style="BORDER-RIGHT: #ece9d8; BORDER-TOP: #ece9d8; BORDER-LEFT: #ece9d8; BORDER-BOTTOM: #ece9d8; BACKGROUND-COLOR: yellow" align=right x:num="1.9654333333333334" x:fmla="=SUM(C3+D3+B3)/3">1.9654</TD><TD class=xl29 style="BORDER-RIGHT: #ece9d8; BORDER-TOP: #ece9d8; BORDER-LEFT: #ece9d8; BORDER-BOTTOM: #ece9d8; BACKGROUND-COLOR: transparent" align=right x:num="1.9395" x:fmla="=SUM(D4+C4+B4)/3">1.9395</TD><TD class=xl38 style="BORDER-RIGHT: #ece9d8; BORDER-TOP: #ece9d8; BORDER-LEFT: #ece9d8; BORDER-BOTTOM: #ece9d8; BACKGROUND-COLOR: #99ccff" align=right x:num="1.9730000000000001">1.9730</TD></TR><TR style="HEIGHT: 12.75pt" height=17><TD class=xl26 style="BORDER-RIGHT: #ece9d8; BORDER-TOP: #ece9d8; BORDER-LEFT: #ece9d8; BORDER-BOTTOM: #ece9d8; HEIGHT: 12.75pt; BACKGROUND-COLOR: transparent" height=17>MS1</TD><TD class=xl32 style="BORDER-RIGHT: #ece9d8; BORDER-TOP: #ece9d8; BORDER-LEFT: #ece9d8; BORDER-BOTTOM: #ece9d8; BACKGROUND-COLOR: yellow" align=right x:num="1.9702500000000001" x:fmla="=SUM(B15+B17)/2">1.9703</TD><TD class=xl32 style="BORDER-RIGHT: #ece9d8; BORDER-TOP: #ece9d8; BORDER-LEFT: #ece9d8; BORDER-BOTTOM: #ece9d8; BACKGROUND-COLOR: yellow" align=right x:num="1.9558500000000001" x:fmla="=SUM(C15+C17)/2">1.9559</TD><TD class=xl27 style="BORDER-RIGHT: #ece9d8; BORDER-TOP: #ece9d8; BORDER-LEFT: #ece9d8; BORDER-BOTTOM: #ece9d8; BACKGROUND-COLOR: transparent" align=right x:num="1.92445" x:fmla="=SUM(D15+D17)/2">1.9245</TD><TD style="BORDER-RIGHT: #ece9d8; BORDER-TOP: #ece9d8; BORDER-LEFT: #ece9d8; BORDER-BOTTOM: #ece9d8; BACKGROUND-COLOR: transparent"></TD></TR><TR style="HEIGHT: 12.75pt" height=17><TD class=xl26 style="BORDER-RIGHT: #ece9d8; BORDER-TOP: #ece9d8; BORDER-LEFT: #ece9d8; BORDER-BOTTOM: #ece9d8; HEIGHT: 12.75pt; BACKGROUND-COLOR: transparent" height=17>S1</TD><TD class=xl32 style="BORDER-RIGHT: #ece9d8; BORDER-TOP: #ece9d8; BORDER-LEFT: #ece9d8; BORDER-BOTTOM: #ece9d8; BACKGROUND-COLOR: yellow" align=right x:num="1.9665666666666666" x:fmla="=SUM(2*B15-B2)">1.9666</TD><TD class=xl27 style="BORDER-RIGHT: #ece9d8; BORDER-TOP: #ece9d8; BORDER-LEFT: #ece9d8; BORDER-BOTTOM: #ece9d8; BACKGROUND-COLOR: transparent" align=right x:num="1.9462666666666668" x:fmla="=SUM(2*C15-B3)">1.9463</TD><TD class=xl27 style="BORDER-RIGHT: #ece9d8; BORDER-TOP: #ece9d8; BORDER-LEFT: #ece9d8; BORDER-BOTTOM: #ece9d8; BACKGROUND-COLOR: transparent" align=right x:num="1.9094" x:fmla="=SUM(2*D15-B4)">1.9094</TD><TD style="BORDER-RIGHT: #ece9d8; BORDER-TOP: #ece9d8; BORDER-LEFT: #ece9d8; BORDER-BOTTOM: #ece9d8; BACKGROUND-COLOR: transparent"></TD></TR><TR style="HEIGHT: 12.75pt" height=17><TD class=xl26 style="BORDER-RIGHT: #ece9d8; BORDER-TOP: #ece9d8; BORDER-LEFT: #ece9d8; BORDER-BOTTOM: #ece9d8; HEIGHT: 12.75pt; BACKGROUND-COLOR: transparent" height=17>MS2</TD><TD class=xl32 style="BORDER-RIGHT: #ece9d8; BORDER-TOP: #ece9d8; BORDER-LEFT: #ece9d8; BORDER-BOTTOM: #ece9d8; BACKGROUND-COLOR: yellow" align=right x:num="1.9634999999999998" x:fmla="=SUM(B17+B19)/2">1.9635</TD><TD class=xl27 style="BORDER-RIGHT: #ece9d8; BORDER-TOP: #ece9d8; BORDER-LEFT: #ece9d8; BORDER-BOTTOM: #ece9d8; BACKGROUND-COLOR: transparent" align=right x:num="1.9288500000000002" x:fmla="=SUM(C17+C19)/2">1.9289</TD><TD class=xl27 style="BORDER-RIGHT: #ece9d8; BORDER-TOP: #ece9d8; BORDER-LEFT: #ece9d8; BORDER-BOTTOM: #ece9d8; BACKGROUND-COLOR: transparent" align=right x:num="1.8814500000000001" x:fmla="=SUM(D17+D19)/2">1.8815</TD><TD style="BORDER-RIGHT: #ece9d8; BORDER-TOP: #ece9d8; BORDER-LEFT: #ece9d8; BORDER-BOTTOM: #ece9d8; BACKGROUND-COLOR: transparent"></TD></TR><TR style="HEIGHT: 12.75pt" height=17><TD class=xl26 style="BORDER-RIGHT: #ece9d8; BORDER-TOP: #ece9d8; BORDER-LEFT: #ece9d8; BORDER-BOTTOM: #ece9d8; HEIGHT: 12.75pt; BACKGROUND-COLOR: transparent" height=17>S2</TD><TD class=xl32 style="BORDER-RIGHT: #ece9d8; BORDER-TOP: #ece9d8; BORDER-LEFT: #ece9d8; BORDER-BOTTOM: #ece9d8; BACKGROUND-COLOR: yellow" align=right x:num="1.9604333333333333" x:fmla="=SUM(B15-(B13-B17))">1.9604</TD><TD class=xl27 style="BORDER-RIGHT: #ece9d8; BORDER-TOP: #ece9d8; BORDER-LEFT: #ece9d8; BORDER-BOTTOM: #ece9d8; BACKGROUND-COLOR: transparent" align=right x:num="1.9114333333333335" x:fmla="=SUM(C15-(C13-C17))">1.9114</TD><TD class=xl27 style="BORDER-RIGHT: #ece9d8; BORDER-TOP: #ece9d8; BORDER-LEFT: #ece9d8; BORDER-BOTTOM: #ece9d8; BACKGROUND-COLOR: transparent" align=right x:num="1.8534999999999999" x:fmla="=SUM(D15-(D13-D17))">1.8535</TD><TD style="BORDER-RIGHT: #ece9d8; BORDER-TOP: #ece9d8; BORDER-LEFT: #ece9d8; BORDER-BOTTOM: #ece9d8; BACKGROUND-COLOR: transparent"></TD></TR><TR style="HEIGHT: 12.75pt" height=17><TD class=xl26 style="BORDER-RIGHT: #ece9d8; BORDER-TOP: #ece9d8; BORDER-LEFT: #ece9d8; BORDER-BOTTOM: #ece9d8; HEIGHT: 12.75pt; BACKGROUND-COLOR: transparent" height=17>MS3</TD><TD class=xl27 style="BORDER-RIGHT: #ece9d8; BORDER-TOP: #ece9d8; BORDER-LEFT: #ece9d8; BORDER-BOTTOM: #ece9d8; BACKGROUND-COLOR: transparent" align=right x:num="1.9263499999999998" x:fmla="=SUM(B19+B21)/2">1.9264</TD><TD class=xl27 style="BORDER-RIGHT: #ece9d8; BORDER-TOP: #ece9d8; BORDER-LEFT: #ece9d8; BORDER-BOTTOM: #ece9d8; BACKGROUND-COLOR: transparent" align=right x:num="1.8933500000000001" x:fmla="=SUM(C19+C21)/2">1.8934</TD><TD class=xl27 style="BORDER-RIGHT: #ece9d8; BORDER-TOP: #ece9d8; BORDER-LEFT: #ece9d8; BORDER-BOTTOM: #ece9d8; BACKGROUND-COLOR: transparent" align=right x:num="1.8384499999999999" x:fmla="=SUM(D19+D21)/2">1.8385</TD><TD style="BORDER-RIGHT: #ece9d8; BORDER-TOP: #ece9d8; BORDER-LEFT: #ece9d8; BORDER-BOTTOM: #ece9d8; BACKGROUND-COLOR: transparent"></TD></TR><TR style="HEIGHT: 12.75pt" height=17><TD class=xl26 style="BORDER-RIGHT: #ece9d8; BORDER-TOP: #ece9d8; BORDER-LEFT: #ece9d8; BORDER-BOTTOM: #ece9d8; HEIGHT: 12.75pt; BACKGROUND-COLOR: transparent" height=17>S3</TD><TD class=xl27 style="BORDER-RIGHT: #ece9d8; BORDER-TOP: #ece9d8; BORDER-LEFT: #ece9d8; BORDER-BOTTOM: #ece9d8; BACKGROUND-COLOR: transparent" align=right x:num="1.8922666666666665" x:fmla="=SUM(C4-2*(B4-B15))">1.8923</TD><TD class=xl27 style="BORDER-RIGHT: #ece9d8; BORDER-TOP: #ece9d8; BORDER-LEFT: #ece9d8; BORDER-BOTTOM: #ece9d8; BACKGROUND-COLOR: transparent" align=right x:num="1.8752666666666666" x:fmla="=SUM(C4-2*(B4-C15))">1.8753</TD><TD class=xl27 style="BORDER-RIGHT: #ece9d8; BORDER-TOP: #ece9d8; BORDER-LEFT: #ece9d8; BORDER-BOTTOM: #ece9d8; BACKGROUND-COLOR: transparent" align=right x:num="1.8233999999999999" x:fmla="=SUM(C4-2*(B4-D15))">1.8234</TD><TD style="BORDER-RIGHT: #ece9d8; BORDER-TOP: #ece9d8; BORDER-LEFT: #ece9d8; BORDER-BOTTOM: #ece9d8; BACKGROUND-COLOR: transparent"></TD></TR></TBODY></TABLE>

#874
Dec 5, 2006 9:21pm Dec 5, 2006 9:21pm

Yacob
| Joined Jul 2006 | Status: Support & Resistance | 79 Posts

thanks for the info Tom.

Yacob

I dive the market without Fear.

#875
Dec 5, 2006 9:32pm Dec 5, 2006 9:32pm

goodthings
Joined Aug 2006 | Status: Trader | 1,852 Posts

The pound is currently hoovering around the daily pivot of 1.9739 and the 38.2 fib level of 1.9730 from the previous days high and low. It looks like a good place for a break out in the next few hours.

#876
Dec 5, 2006 9:38pm Dec 5, 2006 9:38pm

tathlynq
| Joined Nov 2005 | Status: LEARNING | 403 Posts

Today at 4:30 AM EST we know for sure that the UK has two economic events. One event is the Industrial Production (MoM) which is expected to be .10% versus last months .20% and Industrial Production (YoY) which is expected to be up 1.60% versus .50% last month. Then at 7AM EST there is the BOE rate decision which is expected to remain unchanged at 5% which I think has already been taken into consideration by the current market. So I am thinking I'll hang loose til then.

Show me the PIPS!

#877
Dec 5, 2006 9:42pm Dec 5, 2006 9:42pm

goodthings
Joined Aug 2006 | Status: Trader | 1,852 Posts

Quoting goodthings

Disliked

On the average the distance between the high and low of the day for the pound is 134 pips. So currently the high for this day is 1.9813 if that stays that way you could short the pound dolll target of 1.9679. The current low for the days is 1.9760 if you bought the pound and went long your target would be some where in the neighborhood of 1.9094.

Ignored

It actually did hit the low of 1.9679 and one pip beyond to 1.9678. I wish I was leaning to the short side of the trade yesterday. Oh well get em today.

#878
Dec 5, 2006 11:18pm Dec 5, 2006 11:18pm