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Cable Update (GBPUSD)

  • #37,141
  • Oct 24, 2007 8:59am Oct 24, 2007 8:59am
2 bullish flags present....can't ignore
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  • #37,142
  • Oct 24, 2007 9:07am Oct 24, 2007 9:07am
Dow down.....carries up....cable stable.......huh......
For he that would be deceived, let him.
  • #37,143
  • Oct 24, 2007 9:08am Oct 24, 2007 9:08am
Economic Data (US, Sep): Existing Home Sales out at 5.04M vs. 5.25M exp. 5.48M prior (revised from 5.50). Existing Home Sales MoM out at -8.0% vs. -4.5% exp. -4.7% prior (revised from -4.3%).
its just money
  • #37,144
  • Oct 24, 2007 9:09am Oct 24, 2007 9:09am
Quoting de123
Economic Data (US, Sep): Existing Home Sales out at 5.04M vs. 5.25M exp. 5.48M prior (revised from 5.50). Existing Home Sales MoM out at -8.0% vs. -4.5% exp. -4.7% prior (revised from -4.3%).
And the market reacting according to the brand new moto:

bad news is good news. LOL
  • #37,145
  • Oct 24, 2007 9:10am Oct 24, 2007 9:10am
Existing home sales fell 8.0% in September to an annual rate of 5.04 million after a 4.7% decline in August (first reported as -4.3%). Inventory of homes for sales rose by only 0.4%, but with the sharp decline in sales, supply increased to 10.5 months from 9.6. Prices rose in the Northeast and Midwest, but fell in the more important South and West region. The median price fell 4.2% to $211,700. The data show that the real estate slide is still gathering momentum and real estate woes have a long way to go.



Kroszner: Lenders Should Work With At-Risk Homeowners
Kroszner: Keeping Families In Homes 'Of Great Importance'
Fed Kroszner: Backs Approach Of House Mortgage-Reform Bill
  • #37,146
  • Oct 24, 2007 9:12am Oct 24, 2007 9:12am
Quoting cesarnc
And the market reacting according to the brand new moto:

bad news is good news. LOL
I think the "motto" is more like not so bad news is excellent news
For he that would be deceived, let him.
  • #37,147
  • Oct 24, 2007 9:17am Oct 24, 2007 9:17am
here comes geppy 4hr w5 of 1 of 5 DOWN me thinks or hopes
"Millionaires don't use astrology, billionaires do"
  • #37,148
  • Oct 24, 2007 9:20am Oct 24, 2007 9:20am
range, range, range, range, range, range, range, range, range, range, range, range....

range, rage, rade, trade, rape, ape, trade the ape, rape the trade, rape the ape...

I just go home
.
  • #37,149
  • Oct 24, 2007 9:22am Oct 24, 2007 9:22am
since the sentiment is bearish in here, I say we'll see 0600 today
Trade what you see, not what you think.
  • #37,150
  • Oct 24, 2007 9:23am Oct 24, 2007 9:23am
Quoting bullrock
range, range, range, range, range, range, range, range, range, range, range, range....

range, rage, rade, trade, rape, ape, trade the ape, rape the trade, rape the ape...

I just go home
range is nothing but scalpers paradise...
its just money
  • #37,151
  • Oct 24, 2007 9:29am Oct 24, 2007 9:29am
Quoting de123
range is nothing but scalpers paradise...
Yeah but I am a position trader 95% of the time.
.
  • #37,152
  • Oct 24, 2007 9:30am Oct 24, 2007 9:30am
I think today will be no big move. If the price close above daily support at 2.0477 i really hope to see long bullih candle tomorrow or maybe friday.

What do you guys think?
"Invest With The Insiders, Not The Masses" George Muzea
  • #37,153
  • Oct 24, 2007 9:30am Oct 24, 2007 9:30am
Quoting karmostaji
since the sentiment is bearish in here, I say we'll see 0600 today
Correct karmo. Spot on. This is the ultimate Cable Update Sentiment Indicator - Deluxe Edition
.
  • #37,154
  • Oct 24, 2007 9:32am Oct 24, 2007 9:32am
Quoting Qu|cksilver
I think today will be no big move. If the price close above daily support at 2.0477 i really hope to see long bullih candle tomorrow or maybe friday.

What do you guys think?
Inventories (DOE U.S.): Crude Oil out at -5288K vs. 963K exp; Gasoline out at -1931K vs. 475K exp; Distillate out at -1847K vs. 250K exp; Refinery Utilization out at 0.21% vs. 0.00% exp;

maybe that will help...
its just money
  • #37,155
  • Oct 24, 2007 9:36am Oct 24, 2007 9:36am
Quoting de123
Inventories (DOE U.S.): Crude Oil out at -5288K vs. 963K exp; Gasoline out at -1931K vs. 475K exp; Distillate out at -1847K vs. 250K exp; Refinery Utilization out at 0.21% vs. 0.00% exp;

maybe that will help...
I'm not sure but let's see what the news will give us.
"Invest With The Insiders, Not The Masses" George Muzea
  • #37,156
  • Oct 24, 2007 9:38am Oct 24, 2007 9:38am
Quoting de123
Inventories (DOE U.S.): Crude Oil out at -5288K vs. 963K exp; Gasoline out at -1931K vs. 475K exp; Distillate out at -1847K vs. 250K exp; Refinery Utilization out at 0.21% vs. 0.00% exp;

maybe that will help...

Howz about a "source" (link) for that data?
To laugh, to learn, and to teach!
  • #37,157
  • Oct 24, 2007 9:52am Oct 24, 2007 9:52am
The japanese housewives are buying the Yen..... Prolly.
.
  • #37,158
  • Oct 24, 2007 9:53am Oct 24, 2007 9:53am
We need to ask Chuck Norris to move the market.
.
  • #37,159
  • Oct 24, 2007 9:56am Oct 24, 2007 9:56am
Quoting bullrock
range, range, range, range, range, range, range, range, range, range, range, range....

range, rage, rade, trade, rape, ape, trade the ape, rape the trade, rape the ape...

I just go home
Tennis anyone?
Sure glad I'm wearin my pocket protector today!
  • #37,160
  • Oct 24, 2007 10:10am Oct 24, 2007 10:10am
UJ under 114
263 traders viewing now, 1 is registered:
Gbpusdfreakk