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Cable Update (GBPUSD)

  • #38,261
  • Nov 1, 2007 3:48pm Nov 1, 2007 3:48pm
Quoting MrFuture
Guys what's a pin-bar ?
A bar with a pin

Use common sense man
  • #38,262
  • Nov 1, 2007 3:52pm Nov 1, 2007 3:52pm
So pin stands for PINOCCHIO ????????? And why the hell do we make it short ? PINOCCHIO is much better than PIN....ahahaha let's all trade the PINOCCHIO BAR !!!!

Thanks for the PDF btw....
"Lunch ? Lunch Is For Wimps !"
  • #38,263
  • Nov 1, 2007 3:57pm Nov 1, 2007 3:57pm
Quoting MrFuture
So pin stands for PINOCCHIO ????????? And why the hell do we make it short ? PINOCCHIO is much better than PIN....ahahaha let's all trade the PINOCCHIO BAR !!!!

Thanks for the PDF btw....
LOL
the author decided this way, we obey

Goodthing he didn't have a worse idea looking at the material
  • #38,264
  • Nov 1, 2007 3:58pm Nov 1, 2007 3:58pm
Quoting MrFuture
Guys what's a pin-bar ?
I hope your not serious? If you are, I suggest you go to babypips.com and do some reading.
Humble Lifetime Member
  • #38,265
  • Nov 1, 2007 3:59pm Nov 1, 2007 3:59pm
FOREX: Fed Custody Holdings Down $4.868 bln Oct 31 Week San Francisco, Nov. 1. Fed custody holdings declined by $4.868 bln the week of Oct 31st, dropping off record highs of $2.032 tln the week of Oct 24th to $2.027 tln. Despite the decline however, a fresh rise in custody holdings appears likely next week when intervention transactions by Asian central banks is settled. The HKMA was said to have bought $1 bln this week to maintain the HKD peg. In addition, heavy intervention by India, the Philippines and S. Korea was also reported in the market on the back of recent USD weakness that has seen the USD hit record lows against the CAD and EUR and 23-yr lows against the AUD and 26- year highs against sterling.
The USD slide suggests that those central banks who continue to accumulate reserves are increasingly diversifying away from the USD and into EUR, GBP and other baskets of currencies. Russian reserves rose $1.2 bln the week of October 26th to new record highs of $441.3 bln having risen $6.1 bln the week before. India"s forex reserves rose $4.457 bln the week of Oct 19th to new record highs of $261.143 bln. India"s currency reserves are up $94 bln over the last year.
  • #38,266
  • Nov 1, 2007 4:01pm Nov 1, 2007 4:01pm
Quoting Ash
I hope your not serious?
Say same to Cable as well
  • #38,267
  • Nov 1, 2007 4:01pm Nov 1, 2007 4:01pm
Quoting MrFuture
So pin stands for PINOCCHIO ????????? And why the hell do we make it short ? PINOCCHIO is much better than PIN....ahahaha let's all trade the PINOCCHIO BAR !!!!

Thanks for the PDF btw....
No !!! Pin stands for spin !!! So lets trade the spin-knock-ya bar !!!
For he that would be deceived, let him.
  • #38,268
  • Nov 1, 2007 4:02pm Nov 1, 2007 4:02pm
nice pdf,
Thanks
  • #38,269
  • Nov 1, 2007 4:06pm Nov 1, 2007 4:06pm
the pin bar will have a longer wick on top, does that mean up the naxt day ?
  • #38,270
  • Nov 1, 2007 4:08pm Nov 1, 2007 4:08pm
Quoting tim1234
pdf
Which PDF?

Oohhh The Pin Bar, yes thanks buddy


(Sorry I'm getting crazy today - have a trade in GBP/USD in selling)
  • #38,271
  • Nov 1, 2007 4:09pm Nov 1, 2007 4:09pm
FOREX: Newspaper Headlines for Friday, November 2 San Francisco, Nov.
1.
* BOJ WATCH: Global Economy Can Thrive Despite U.S. Slowdown - Nikkei
* Western banks suffer big losses - FT
* Private Economists See Real GDP Growth At 1.8% In 3rd Qtr - Nikkei
* Crude Oil Import Price Surges To All-Time High - Nikkei
* Economy Watchers Index Seen Impacting Stock, Bond Markets - Nikkei
* Citigroup leads the fall - FT
* US could be heading for a slowdown - FT
* Chrysler to eliminate 11,000 jobs - Nikkei
* Kiwi 'should be higher' as it hits US77c - NZ Herald
* US home foreclosures double - news.com.au
* Oil prices retreat in volatile session - The Australian
* Strong retail sales mean rate rise - ninemsn.com.au
* PM"s Poll Gap Wide as Ever - Sydney Morning Herald
* Rates rise odds-on for day after Melbourne cup - Melbourne Age
* NZ's Warehouse ready for slowdown - Melbourne Age
* Yam insists dollar peg will remain - HK Standard
* Banking boss in bold-yuan call - HK Standard
* China Anger as oil prices rise - HK Standard
* Stark warning issued on oil - HK Standard
  • #38,272
  • Nov 1, 2007 4:10pm Nov 1, 2007 4:10pm
Quoting tim1234
the pin bar will have a longer wick on top, does that mean up the next day ?
Yes exactly. You've read it well.

  • #38,273
  • Nov 1, 2007 4:16pm Nov 1, 2007 4:16pm
Quoting TrendsFX
Yes exactly. You've read it well.

it says down
  • #38,274
  • Nov 1, 2007 4:19pm Nov 1, 2007 4:19pm
meanwhile...................
Attached Image
For he that would be deceived, let him.
  • #38,275
  • Nov 1, 2007 4:26pm Nov 1, 2007 4:26pm
Quoting pinchapip
meanwhile...................
He must have been so sure he was just supposed to drive a Ferrari that was handed to him at 300km/h already.

How hard is that?

Look at his face now
  • #38,276
  • Nov 1, 2007 4:29pm Nov 1, 2007 4:29pm
Quoting cesarnc
He must have been so sure he was just supposed to drive a Ferrari that was handed to him at 300km/h already.

How hard is that?

Look at his face now
Problem is that nobody told him ... well....

http://www.funny-potato.com/images/dead-end.jpg

Drive now Bernanke!
  • #38,277
  • Nov 1, 2007 4:31pm Nov 1, 2007 4:31pm
look like where heading down.
If I Go Broke Trying Then I Will die happy.
  • #38,278
  • Nov 1, 2007 4:31pm Nov 1, 2007 4:31pm
Quoting cesarnc
Problem is that nobody told him ... well....

http://www.funny-potato.com/images/dead-end.jpg

Drive now Bernanke!
Humble Lifetime Member
  • #38,279
  • Nov 1, 2007 4:34pm Nov 1, 2007 4:34pm
downward movement hasn't started yet, this is just a small retracement and should go back up higher around london open to complete the bearish pattern, next week the fall will come.
Trade what you see, not what you think.
  • #38,280
  • Nov 1, 2007 4:41pm Nov 1, 2007 4:41pm
Quoting karmostaji
downward movement hasn't started yet, this is just a small retracement and should go back up higher around london open to complete the bearish pattern, next week the fall will come.
not ruled out. we have to see what Asia is going to to now, with this slump in NYC

below 0750 (euro below 1.44) I don't think they will have the breath to the upside anymore.
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