YEP!!
Cable Update (GBPUSD)
- #37,964
- Oct 31, 2007 1:50am Oct 31, 2007 1:50am
- Joined Sep 2006 | Status: Trader | 2,163 Posts
looks familiar, have you seen Live Free or Die hard? if you haven't you should check it out.
"Invest With The Insiders, Not The Masses"
George Muzea
- #37,967
- Oct 31, 2007 2:22am Oct 31, 2007 2:22am
- Joined Sep 2006 | Status: Trader | 2,163 Posts
Closed my long.. 
"Invest With The Insiders, Not The Masses"
George Muzea
- #37,969
- Oct 31, 2007 2:58am Oct 31, 2007 2:58am
- Joined Sep 2006 | Status: Trader | 2,163 Posts
"Invest With The Insiders, Not The Masses"
George Muzea
- #37,974
- Oct 31, 2007 3:31am Oct 31, 2007 3:31am
- Joined Jul 2006 | Status: Charts + PA > * | 3,251 Posts
Trust price. Know yourself.
- #37,975
- Oct 31, 2007 3:33am Oct 31, 2007 3:33am
- Joined Jul 2006 | Status: Charts + PA > * | 3,251 Posts
Cable is currently testing long-term trendline resistance at $2.0725, which might just contain the rise from the former high of $2.0650, says BNP Paribas. However, a sustained break above $2.0725 would have a direct target of $2.12, with intermediate resistance coming in at $2.0880. Now at $2.0726.
Awesome predictive powers they must possess then indeed
But hey, small change
Hows them charts benssol?
Trust price. Know yourself.
- #37,977
- Oct 31, 2007 3:41am Oct 31, 2007 3:41am
- Joined Jan 2007 | Status: Trader | 1,407 Posts
BNP, same one that lost billions on mortgage fun, right?
Awesome predictive powers they must possess then indeed
But hey, small change
Hows them charts benssol?
Just wanted to post the expansions I use for possible profit targets, although I rather like yours, too
2.07xx would be quite alright with me.
http://img151.imageshack.us/img151/7...targetspt4.gif
The minimum distance was already covered -> top of the low connecting channel. Anything above that would be nice and the FE 100 the projected C minimum.
If we get a boost from somewhere - say, a rate HOLD instead of cut or someone finally stepping forward, clearing his throat and admitting that Northern Rock has sod all to do with the currency itself - then 2.1 shouldn't be a problem.
posted @ Oct 1, 2007 8:42pm by SL
in Charts Observation thread
- #37,979
- Oct 31, 2007 3:49am Oct 31, 2007 3:49am
- Joined Jul 2006 | Status: Charts + PA > * | 3,251 Posts
Just for the record
posted @ Oct 1, 2007 8:42pm by SL
in Charts Observation thread
Shhhhhhhhhhh, you're ruining the surprise!
Like I always say to myself when I read analysts...it's not hard to predict higher targets in an uptrend...because the trend goes on, the prices get hit...you can never be wrong...just keep mentioning higher prices, let the market prove it and you're suddenly this great analyst
See, the real point is not calling the prices....the point to us all here is actually being in a TRADE when the prices are HIT, that's what the hard part is. Not calling out numbers. Trading them =)
That's why I think a lot of those analyst/"news" posts are not much use to a trader...because you need to get your own entry and trade done anyhow, no?
They won't do that for you just because they mention nice price levels
Trust price. Know yourself.