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Cable Update (GBPUSD)

  • #39,181
  • Nov 8, 2007 4:35pm Nov 8, 2007 4:35pm
Quoting cesarnc
Talk about the Oil and the Oil appears... Nov. 8 (Bloomberg) -- Petroleo Brasileiro SA, Brazil's state-controlled oil company, said its Tupi field may contain as much as 8 billion barrels of oil and natural gas, an amount that could boost the country's reserves by 62 percent. The company's shares rose the most in more than nine years. Not a single troop to Middle East LOL....

Oh yeah, expect any day now Bush to re-direct troops from the Middle East to your part of the world.

  • #39,182
  • Nov 8, 2007 4:47pm Nov 8, 2007 4:47pm
Quoting SunTrader
Oh yeah, expect any day now Bush to re-direct troops from the Middle East to your part of the world.

We kick his Texan ass The real fun is going to see what those freaks Chaves and Morales have to say now....
  • #39,183
  • Nov 8, 2007 4:53pm Nov 8, 2007 4:53pm
Quoting cesarnc
We kick his Texan ass The real fun is going to see what those freaks Chaves and Morales have to say now....
Humble Lifetime Member
  • #39,184
  • Nov 8, 2007 5:40pm Nov 8, 2007 5:40pm
Quoting Moe
well i will check back in after n.y. close, i still think 1150 is coming. i just won't be in a trade when it come's.
Hi Moe..

Yout target is still 2.1150?
  • #39,185
  • Nov 8, 2007 5:52pm Nov 8, 2007 5:52pm
my target is 2.2xxx
{Promotion Removed}
  • #39,186
  • Nov 8, 2007 6:03pm Nov 8, 2007 6:03pm
I'm expecting 2.1175, but no more than that (or not much more)

Following that I'm expecting a drop to around 2.08
  • #39,187
  • Nov 8, 2007 6:55pm Nov 8, 2007 6:55pm
Quoting MoForce
I'm expecting 2.1175, but no more than that (or not much more)

Following that I'm expecting a drop to around 2.08
i'm with you on this..
"Invest With The Insiders, Not The Masses" George Muzea
  • #39,188
  • Nov 8, 2007 10:30pm Nov 8, 2007 10:30pm
Quoting hellkkas
Hi Moe..

Yout target is still 2.1150?
yes that is still the target, but i close my last little bit position right after n.y. close to get a little swap. i don't think it will go to much pass that.
If I Go Broke Trying Then I Will die happy.
  • #39,189
  • Nov 8, 2007 11:06pm Nov 8, 2007 11:06pm
I plan to short from 1.1200 today if cable reach that price.
"Invest With The Insiders, Not The Masses" George Muzea
  • #39,190
  • Nov 8, 2007 11:33pm Nov 8, 2007 11:33pm
Is that a doubel top forming on the 1H chart?? Next move south??
  • #39,191
  • Nov 9, 2007 12:07am Nov 9, 2007 12:07am
Quoting Runway Trade
Is that a doubel top forming on the 1H chart?? Next move south??
Double top is a significant price formation but it does not signifiy any real indication for change in trends....beware of double tops. I'd rather wait for a lower high formation confirmed by a lower low but thats just me.
  • #39,192
  • Nov 9, 2007 12:23am Nov 9, 2007 12:23am
Quoting jest1081
Double top is a significant price formation but it does not signifiy any real indication for change in trends....beware of double tops. I'd rather wait for a lower high formation confirmed by a lower low but thats just me.
Thanks, will watch for that formation. Every chart is just begging cable to come down but it keeps defying all “rules”!!?
  • #39,193
  • Nov 9, 2007 1:12am Nov 9, 2007 1:12am
i think the shorts will only come next week...still bullish on the 1d, & 4hr...
  • #39,194
  • Nov 9, 2007 1:26am Nov 9, 2007 1:26am
Quoting MoForce
I'm expecting 2.1175, but no more than that (or not much more)

Following that I'm expecting a drop to around 2.08
Hi How do you come p with your targets, I am still trying to learn this one

Thanks
  • #39,195
  • Nov 9, 2007 1:37am Nov 9, 2007 1:37am
I think it's difficult to find good resistance at this moment ...except we look back to 1980
{Promotion Removed}
  • #39,196
  • Nov 9, 2007 1:38am Nov 9, 2007 1:38am
Quoting cesarnc
Talk about the Oil and the Oil appears... Nov. 8 (Bloomberg) -- Petroleo Brasileiro SA, Brazil's state-controlled oil company, said its Tupi field may contain as much as 8 billion barrels of oil and natural gas, an amount that could boost the country's reserves by 62 percent. The company's shares rose the most in more than nine years. Not a single troop to Middle East LOL....
Brazil announces new oil reserves


Here is Cesar newlook after Oil discoveries


http://img394.imageshack.us/img394/2662/55fr3.jpg
  • #39,197
  • Nov 9, 2007 2:05am Nov 9, 2007 2:05am
Quoting benssol
Brazil announces new oil reserves


Here is Cesar newlook after Oil discoveries


http://img394.imageshack.us/img394/2662/55fr3.jpg
You forgot the bimbos!

Yeah, that was huge... Brazil jumps from 24th to 8th in terms of oil reserves, turns to oil exporter and puts Chaves and Morales to reassess their crazy craps here in LA.

5 to 6 years to start pumping the oil out.

The funny thing is Brazil works when it wants. Too bad seeing people and institutions deteriorating because of that MORON Lula and his gang.

Petrobrás (a state company) is an example of something that works in spite of the government, not because of. LOL
  • #39,198
  • Nov 9, 2007 2:24am Nov 9, 2007 2:24am
Quoting cesarnc
You forgot the bimbos!

Yeah, that was huge... Brazil jumps from 24th to 8th in terms of oil reserves, turns to oil exporter and puts Chaves and Morales to reassess their crazy craps here in LA.

5 to 6 years to start pumping the oil out.

The funny thing is Brazil works when it wants. Too bad seeing people and institutions deteriorating because of that MORON Lula and his gang.

Petrobrás (a state company) is an example of something that works in spite of the government, not because of. LOL
cesar,

South America's potential is staggering, too bad too much of it is wrapped up in incompetence
Patience + Humility + Study = Success
  • #39,199
  • Nov 9, 2007 2:39am Nov 9, 2007 2:39am
Quoting DutchTrader
cesar,

South America's potential is staggering, too bad too much of it is wrapped up in incompetence
Was it incompetence, it would be ok. Hire competent people.

It is all about corruption and hidden agendas.

Hey, there are $2.5 billion in the hands of ONE MAN for the World Cup in 2014, starting now. Can you imagine that? Can you imagine the smiles on his friends' faces?

Wanna bet how this Cup is going to cost $5 billion instead?
  • #39,200
  • Nov 9, 2007 2:41am Nov 9, 2007 2:41am
Back to cable...

Tricky that strong rally in the stock market in the last hour. Dow + 36 today already...

My take is cable and euro end the week at the extremes...
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