Attachments: Cable Update (GBPUSD)

Cable Update (GBPUSD)

#37,401
Oct 25, 2007 8:45am Oct 25, 2007 8:45am

peterM
| Joined Sep 2006 | Status: Trader | 995 Posts

well, i'm short from 2.0547 and trailing it.. certainly stubborn resistance there

#37,402
Oct 25, 2007 8:46am Oct 25, 2007 8:46am

benssol
Joined Jan 2007 | Status: Trader | 1,407 Posts

Quoting jest1081

Disliked

bennsol,

nice commentaries, i really liked the part where u said....

"The loonie don't want to end"

anyway, seeing very scant chance for a reversal from now...personally i think the bulls are perfectly inplace and 500 acts as a good pivot from now on. nice way to lead us up into the US session...

Ignored

yes the loonie line only from me

the trend is fabulous
it gives me 2 good trades every week and that beside my long term trades in it (he oldest from August)

I dont think in liquidation and reverse until I see a clear sign for ex: 123

#37,403
Oct 25, 2007 8:47am Oct 25, 2007 8:47am

benssol
Joined Jan 2007 | Status: Trader | 1,407 Posts

take care shorts the housing data on the door

#37,404
Oct 25, 2007 8:50am Oct 25, 2007 8:50am

madalin
| Joined Sep 2007 | Status: General | 155 Posts

Quoting benssol

Disliked

take care shorts the housing data on the door

Ignored

WoW from august, i gues u have a couple of thausand pips ey ?

Risk Less in the next transaction after a Win.

#37,405
Oct 25, 2007 8:55am Oct 25, 2007 8:55am

bullrock
Joined Jul 2007 | Status: al zahr | 2,820 Posts

Quoting madalin

Disliked

Today is clear, no clear movement will occur. Tomorrow being a agitated day and maybe because all the longs will sell the profit (it's friday) maybe, if not next week.

Ignored

There is no clear movement since 4 weeks now. IMHO I couldnt make sensible profits with GU. Other currencies are a different story.

#37,406
Oct 25, 2007 8:57am Oct 25, 2007 8:57am

benssol
Joined Jan 2007 | Status: Trader | 1,407 Posts

The Fed meets on Oct. 31, and while there's still some uncertainty over what the Fed will say and do, markets will surely be able to count on one thing: Corny references to Halloween. "Yesterday's housing data cements a 25bp 'treat' from the FOMC on Halloween," said one currency analyst Thur morning. "If the FOMC will do whatever it takes ... to keep the US economy from drifting in to recession, then the long-term risk of FX carry trades is not overly scary."

#37,407
Oct 25, 2007 8:58am Oct 25, 2007 8:58am

benssol
Joined Jan 2007 | Status: Trader | 1,407 Posts

Quoting madalin

Disliked

WoW from august, i gues u have a couple of thausand pips ey ?

Ignored

you can make those couple of thousands pips in day trades in GN

#37,408
Oct 25, 2007 9:03am Oct 25, 2007 9:03am

bullrock
Joined Jul 2007 | Status: al zahr | 2,820 Posts

Quoting madalin

Disliked

Today is clear, no clear movement will occur. Tomorrow being a agitated day and maybe because all the longs will sell the profit (it's friday) maybe, if not next week.

Ignored

I have sent you a PM

#37,409
Oct 25, 2007 9:05am Oct 25, 2007 9:05am

benssol
Joined Jan 2007 | Status: Trader | 1,407 Posts

New home sales rose by 4.8% in Sept to an annual rate of 770,000 from a revised 735,000 (had been 795,000). The unexpected increase was all due to the downward revision of 60,000. New home sales are recorded at contract signing and the sharp downward revision to August suggests that a lot of contracts signed have been canceled, probably associated with the credit crunch. The actual level of sales in Sept were below expectations and suggest that the housing market is still in free fall.

#37,410
Oct 25, 2007 9:18am Oct 25, 2007 9:18am

pinchapip
| Membership Revoked | Joined Jun 2007 | 745 Posts

I live in Florida so I don't even need to look at what the reports say about new or existing home sales. Its been down for the last 8 or 12 months. It IS down right now since I know a bunch of people filing for foreclosure. And it will be down for a while, since a lot of other people I know are struggling and who will loose, not only the houses they bought for speculation, but the ones they live in also !!!

Not to mention all the "realtors" becoming something else.

Sad but true !!!!!!!!!!!!

For he that would be deceived, let him.