Cable Update (GBPUSD)

Good night I am off to the pub to celebrate.

we shall see 900 tommorow

they must be crystal clear, right?

today month close is it important to the chart

so if it close above 2.0830 what will happen and if not

Bravo to those hanging onto them MT LT longs, short dated puts maybe in order to protect them profits and hold positions for the next leg up.

USD what can u say but what a piece of shit LOL

Im Gonna see if i can get 300 pips on this last lot new t/p 907 plus swap rate, good day all, check on it in the mourning, im off to get high and party, later.

You guys are crazy to keep long positions. No matter what, this thing will correct very soon, just look at the daily chart, it cannot go any higher than that, at least not before a good correction.

People will take profit very soon and it will go down for a while. Plus, let's not forget that most people are already excluding any other cuts in the near future...

Plus, most of the rise occurred in the last few days in anticipation of a bigger cut, today it did not move THAT much after the actual news....it was more like : "uh, ok...well, at least it's a cut, but..."

I don't know, just my two cents...I think the chart speaks for itself...what goes up.....

mfuture, lets see what the future brings tommorow.

...I guess

believe half of what you see and none of what you hear.

I still believe the market can go up a little, 100% based on speculation. I'm trading small and carefully because the risk reward going long is not looking really good.

Lets wait until the next shoe drops and see where we go from there.

Annnnnndddddddd the fight has just begun!!!!

http://timetotrade.eu/blog/wp-conten...ange-small.JPG

Thanks for nothing Bernanke

Oh yeah, I agree, you gotta play this one extremely safe, no matter the direction you are in.

Probably the Asians will want to join the party and buy some more, unless the ones who bought a lot last night decide it is time to sell today.....most importantly, the Europeans I fear. When they wake up and decide the direction, it moves to that direction like a speeding F1 car....

if i had to put some chump change on the line i will say a smooth ride to 900

bearish butterfly forming on daily

FOREX: Things To Watch for the Asian Session San Francisco, Oct 31.
There are a few themes developing for the Asian session that the market should
eye closely -
* Baltic Dry Index - In a sign that the commodity bubble may burst, the Baltic
Dry index fell 230 pts today to close at 10,656 and biggest fall for the year
after continual record highs in recent sessions; This move defies the gains to
record highs in oil and gold today and could signal a turn for commodities,
which would be bearish for AUD, NZD, CAD & ZAR

* China Petrol Price Hike - numerous press outlets reported today that China
will hike petrol prices for the first time since May 2006, fuelling inflation
but pressuring consumers and businesses with risk for China stocks eyed,
particularly with recent, consistent comments from Ex-Fed Greenspan warning of a
China bubble

* The USD losses despite a hawkish Fed - There is increasing speculation that
the broad-based accelerated selling of the USD against a range of currencies has
been sparked by a central bank or sovereign wealth fund, raising the possibility
that an Asian or Mid East country is preparing to shift from a USD peg to a
basket of currencies; particularly with the USD weakness fuelling double digit
inflation in the Middle East due to the USD peg

we maybe there for now
1hr from aug lo and recent lo

Orion are you suggesting a long or short?

Hey DT, not a clue just that the patterns at least on these charts look about done. the daily weekly monthly suggest 2.4500 further way out in time

I don't really know how this will impact in the currencies market, but a Bulgarian girl won "The World's Finest @ss" contest today.

Ladies and gentlemen, meet Kristina Dimitrova and this fella who won the male contest LOL.........

http://img.terra.com.br/i/2007/10/31/627408-4677-in.jpg