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Cable Update (GBPUSD)

  • #27,061
  • Aug 27, 2007 8:48am Aug 27, 2007 8:48am
Well at least UK doesn't have any more holidays until Christmas......
  • #27,062
  • Aug 27, 2007 8:53am Aug 27, 2007 8:53am
Days like this need a joke or two. Here's one:

Three old ladies are sitting in a diner, chatting about various things. One lady says, "You know, I'm getting really forgetful. This morning, I was standing at the top of the stairs, and I couldn't remember whether I had just come up or was about to go down." The second lady says, "You think that's bad? The other day, I was sitting on the edge of my bed, and I couldn't remember whether I was going to bed or had just woken up!" The third lady smiles smugly. "Well, my memory's just as good as it's always been, knock on wood." She raps the table. With a startled look on her face, she asks,
"Who's there?!"
  • #27,063
  • Aug 27, 2007 8:57am Aug 27, 2007 8:57am
My Office
Attached Image
  • #27,064
  • Aug 27, 2007 9:03am Aug 27, 2007 9:03am
Lows of the day although without much conviction.

Dow not going anywhere presently either.
  • #27,065
  • Aug 27, 2007 9:24am Aug 27, 2007 9:24am
anyone know why DOW's going up?
give me my pips back...
  • #27,066
  • Aug 27, 2007 9:28am Aug 27, 2007 9:28am
Quoting Lincoln_10
anyone know why DOW's going up?
The usual - more buying then selling.

Hey Cesar - now I am an Einstein, right?
  • #27,067
  • Aug 27, 2007 9:47am Aug 27, 2007 9:47am
Same as Friday. grinding higher after lunchtime, bound to close flat or positive. Last hour traders again will rule the direction.

As Cable and Euro showed a bottom like dow, I'm long both of them.

TP I don't know, SL no idea, trailing whatever. See where it takes me...
  • #27,068
  • Aug 27, 2007 9:55am Aug 27, 2007 9:55am
Looks like if the pound can stay in this area or go higher...then look out shorts cause of course the London session will look to knock out 0200......
  • #27,069
  • Aug 27, 2007 10:02am Aug 27, 2007 10:02am
full house - all 3 going wrong - euro/dow/cable

euro and cable have had an argument and going back to their own apartments and the dow is surfing along as if it was all a bad dream...

I shall have my rewengy - but when ?

I hope this is a bad dream....
  • #27,070
  • Aug 27, 2007 10:03am Aug 27, 2007 10:03am
Quoting Turtle
Looks like if the pound can stay in this area or go higher...then look out shorts cause of course the London session will look to knock out 0200......
LOL, now I hope so....

Actually I was looking at 2.0080 to buy. Hope it goes down to that area so I'll be able to average in a better price....

But Swiss is shaping up that false breakout like we've seen before. If 1.2 goes, than forget average in and i'll load the truck @ market.
  • #27,071
  • Aug 27, 2007 10:09am Aug 27, 2007 10:09am
Quoting cesarnc
LOL, now I hope so....

Actually I was looking at 2.0080 to buy. Hope it goes down to that area so I'll be able to average in a better price....

But Swiss is shaping up that false breakout like we've seen before. If 1.2 goes, than forget average in and i'll load the truck @ market.
I hear ya.....will watch to see how the market plays out this afternoon and if there is not much change will load the truck after 5pm est.....
  • #27,072
  • Aug 27, 2007 10:12am Aug 27, 2007 10:12am
Quoting Turtle
I hear ya.....will watch to see how the market plays out this afternoon and if there is not much change will load the truck after 5pm est.....
Yes. Dow confirming green, grab the crocodealers by the tail and surf the long ride... Aussie is cheerful these days
  • #27,073
  • Aug 27, 2007 10:18am Aug 27, 2007 10:18am
13390 is the upper end of the medium term downtrend line.. so be careful everyone... i cant see the pair breaking it while most people think the US economy will DOOM.
give me my pips back...
  • #27,074
  • Aug 27, 2007 10:29am Aug 27, 2007 10:29am
what do you guys think the crocodealers will do to us tonight?
  • #27,075
  • Aug 27, 2007 10:32am Aug 27, 2007 10:32am
bouncing from 2.0115 is not good for people who went short, and breaking this level might open the door
  • #27,076
  • Aug 27, 2007 10:34am Aug 27, 2007 10:34am
Quoting pino2
bouncing from 2.0115 is not good for people who went short, and breaking this level might open the door
are you short? we havent seen 2.0115 yet? at least not me.....
  • #27,077
  • Aug 27, 2007 10:39am Aug 27, 2007 10:39am
Quoting VEC
are you short? we havent seen 2.0115 yet? at least not me.....
No I'm not I don't have any open trades right now, but 2.0115 is the first key for going down today, and we still didn't see it yet, bouncing from this level is not a good sign for people who went short, low for today was 2.0123, if this is broken and 2.0115 is reached and broken this might open the door, but still no clear signs for me so far
  • #27,078
  • Aug 27, 2007 10:41am Aug 27, 2007 10:41am
Quoting pino2
No I'm not I don't have any open trades right now, but 2.0115 is the first key for going down today, and we still didn't see it yet, bouncing from this level is not a good sign for people who went short, low for today was 2.0123, if this is broken and 2.0115 is reached and broken this might open the door, but still no clear signs for me so far
2.0123 is now borken and now it is reaching 2.0115, but not yet, I hope it could
  • #27,079
  • Aug 27, 2007 10:42am Aug 27, 2007 10:42am
Quoting cesarnc
LOL, now I hope so....

Actually I was looking at 2.0080 to buy. Hope it goes down to that area so I'll be able to average in a better price....
Don't tell me you are going to go two days in a row making a good call.....

2.0080...possiblities exist......
  • #27,080
  • Aug 27, 2007 10:48am Aug 27, 2007 10:48am
Quoting Turtle
Don't tell me you are going to go two days in a row making a good call.....

2.0080...possiblities exist......
Watch and learn, junior

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