Hmmm, lets see do I have space for one more in the "ignore" file.
3rd post and they are shouting out a target 500 pips away before the day is out.
Cable Update (GBPUSD)
- #34,741
- Oct 9, 2007 1:38pm Oct 9, 2007 1:38pm
- | Joined May 2007 | Status: Trader | 4,716 Posts
- #34,742
- Oct 9, 2007 1:40pm Oct 9, 2007 1:40pm
- Joined Mar 2006 | Status: Trade the reaction not the news! | 10,359 Posts
- #34,743
- Oct 9, 2007 1:41pm Oct 9, 2007 1:41pm
On the 1hr chart, I went from the recent HIGH of 2.0435(oct 5), down to the previous low of 2.0278 (oct4).
As a result, the 100 level sits exactly on 2.0278.....while 0 starts on 2.0435....as it went down, it stopped exaclty on each level, with a big downfall from 61.8% (2.0338) to 100% (2.0278) in the morning.
We probably started from different points. I am assuming that's what most people do anyways, therefore it will work in both ways.....
Let me know....
Thanks!
I do stick to the 'big runs/falls' fibos when I'm busy like this - like the two I mentioned, and in most cases, they prove to be 'good enough' - not too great for scalping, but good enough/close enough for taking a pre-determined position (enter/exit). Plus, being that I come from stock daytrading background and still have issues with longer timeframes, they help me see the 'big picture'
Cable is my sugardaddy
- #34,745
- Oct 9, 2007 1:44pm Oct 9, 2007 1:44pm
Hmmm, lets see do I have space for one more in the "ignore" file.
3rd post and they are shouting out a target 500 pips away before the day is out.
Aw come on, don't put him on ignore - who knows what other brilliant things he might say
Cable is my sugardaddy
- #34,747
- Oct 9, 2007 1:49pm Oct 9, 2007 1:49pm
- Joined Mar 2006 | Status: Trade the reaction not the news! | 10,359 Posts
- #34,753
- Oct 9, 2007 2:03pm Oct 9, 2007 2:03pm
- Joined Nov 2006 | Status: Shoot all the clowns.. Shoot'em all | 14,520 Posts
- #34,754
- Oct 9, 2007 2:05pm Oct 9, 2007 2:05pm
- Joined Jan 2007 | Status: Trader | 1,407 Posts
If my hair breaks another brush, I see it going short from there
- #34,755
- Oct 9, 2007 2:09pm Oct 9, 2007 2:09pm
- Joined Jan 2007 | Status: Trader | 1,407 Posts
"Stocks rose after minutes from the latest policy meeting of the Federal Reserve indicated gave hints that it was open to further cuts in interest rates."
Dow Jones put new record high
Cable and euro may have put a bottom today, for another run up. euro is negotiating the crack of its corrective channel
Euro return above 100 again
- #34,756
- Oct 9, 2007 2:13pm Oct 9, 2007 2:13pm
- Joined Jul 2007 | Status: al zahr | 2,820 Posts
Awwwwwwwwwwwwwwww 
GJ rokcs....
GJ rokcs....
.
- #34,757
- Oct 9, 2007 2:16pm Oct 9, 2007 2:16pm
- Joined Oct 2007 | Status: Communicate-Advise-ShareExperiences | 4,564 Posts
Just simple, if the trend tomorrow bullish you buy if bearish you sell
Well....I will use a machine gun ....fire it up and down....who cares ? by hook or by crook..end of the day what matter most is ...how much pips we made, am I right ? However, if cable does'nt come down , will fire the governors lol..
