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Cable Update (GBPUSD)

  • #861
  • Dec 5, 2006 7:24pm Dec 5, 2006 7:24pm
Quoting shahfx
Im a banker,my company(bank) make a lot of money including myself on Monthly bases..
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
Quoting afemi94ce
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
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
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
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
Quoting Tiki Trader
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...
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
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
Quoting mtcdavs
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???
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
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
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
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
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
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
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
thanks for the info Tom.
Yacob I dive the market without Fear.
  • #875
  • Dec 5, 2006 9:32pm Dec 5, 2006 9:32pm
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
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
Quoting goodthings
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.
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
The BOE rate decision is due tomorrow Thursday @ 8AM EST and not today mr. thatlynq, and also EU rate is Thursday also 8:45 EST.
  • #879
  • Edited Dec 6, 2006 12:54am Dec 5, 2006 11:38pm | Edited Dec 6, 2006 12:54am
g/u bouncing at .9720 again hmm...fingers crossed for .9667



looks like its finnialy breaking that fib line of .9720
  • #880
  • Dec 6, 2006 12:01am Dec 6, 2006 12:01am
My mistake sir. Thanks for the correction.
Show me the PIPS!
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