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Cable Update (GBPUSD)

  • #35,421
  • Oct 15, 2007 6:36am Oct 15, 2007 6:36am
not bad for your first call.

Quoting cftrader
Well, couldn't ask for a better entry folks.
Lets hope I'm right. Let's see what happens.

CF
  • #35,422
  • Oct 15, 2007 6:37am Oct 15, 2007 6:37am
Quoting Moe
went to breakfast came back half my position was hit at my 1st t/p 100 pips now i will hold looking to add or looking to short lets see where this mf goes, i have no reason to short now.
just like u, i did long since 359, i just don't think cable could go crazy today; so i take another ride on short. why not?
  • #35,423
  • Oct 15, 2007 6:53am Oct 15, 2007 6:53am
Hello to all

Anyone got sany odea what the resistance at todays highs was if anything known??

161.8% fib extension of Friday at 0437, with Dly R2 pivot in region of 0439 is all I have, can't see any obvious previous swings there??

Thanks
ex member
  • #35,424
  • Oct 15, 2007 7:00am Oct 15, 2007 7:00am
I just added another short at 2.0424
  • #35,425
  • Oct 15, 2007 7:06am Oct 15, 2007 7:06am
why short? anyone please give comments?
"Invest With The Insiders, Not The Masses" George Muzea
  • #35,426
  • Oct 15, 2007 7:07am Oct 15, 2007 7:07am
Break out the dip, its party time
Just Trade It
  • #35,427
  • Oct 15, 2007 7:14am Oct 15, 2007 7:14am
Hi ALL

I think We are near from touching 2.0509 ... thanks
  • #35,428
  • Oct 15, 2007 7:18am Oct 15, 2007 7:18am
Oil @ 85 :surprised :surprised
  • #35,429
  • Oct 15, 2007 7:22am Oct 15, 2007 7:22am
Quoting benssol
Oil @ 85 :surprised :surprised
Watch USCAD and CADJPY
Just Trade It
  • #35,430
  • Oct 15, 2007 7:28am Oct 15, 2007 7:28am
Quoting Big Wave Rider
Watch USCAD and CADJPY
:surprised
Attached Image (click to enlarge)
Click to Enlarge Name: oil.jpg Size: 31 KB
  • #35,431
  • Oct 15, 2007 7:29am Oct 15, 2007 7:29am
Gold has also cleared the $750 like it was made of sugar.
  • #35,432
  • Oct 15, 2007 7:29am Oct 15, 2007 7:29am
What chart is that? usdcad?
Patience + Humility + Study = Success
  • #35,433
  • Oct 15, 2007 7:31am Oct 15, 2007 7:31am
Quoting DutchTrader
What chart is that? usdcad?
Oil!
  • #35,434
  • Oct 15, 2007 7:32am Oct 15, 2007 7:32am
Quoting Gnat
Oil!
Yeah I was confused for a second. Thank.

cesar,

watch the aud
Patience + Humility + Study = Success
  • #35,435
  • Oct 15, 2007 7:35am Oct 15, 2007 7:35am
Quoting cesarnc
Gold has also cleared the $750 like it was made of sugar.
you mean 760 :surprised
  • #35,436
  • Oct 15, 2007 7:35am Oct 15, 2007 7:35am
kmon GU... DOWN DOWN DOWN.
.
  • #35,437
  • Oct 15, 2007 7:39am Oct 15, 2007 7:39am
Quoting DutchTrader
Yeah I was confused for a second. Thank.

cesar,

watch the aud
Yes I see... I didn't take a short at it, of course. Among all of the bad days to buy dollars, this is one of the worst since European morning.

Even the just released data did nothing.
  • #35,438
  • Oct 15, 2007 7:40am Oct 15, 2007 7:40am
Quoting cesarnc
Yes I see... I didn't take a short at it, of course. Among all of the bad days to buy dollars, this is one of the worst since European morning.

Even the just released data did nothing.
There's just no impetus to buy dollars, every pair appears good value on dip buying.
Patience + Humility + Study = Success
  • #35,439
  • Oct 15, 2007 7:40am Oct 15, 2007 7:40am
were cable is heading today??
  • #35,440
  • Oct 15, 2007 7:41am Oct 15, 2007 7:41am
NY Fed's manufacturing index picks up smartly in Oct, rising to 28.75 from Sep's 14.70. Employment jumps as do new orders and shipments. Average workweek shoots up to highest level in a year. Future indexes "convey optimism," says NY Fed in report; with the indexes for employment six months ahead "especially favorable." Capital and technology spending levels were positive and higher than last month.
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