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Cable Update (GBPUSD)

  • #44,961
  • Dec 14, 2007 7:55am Dec 14, 2007 7:55am
Unrounded, the CPI rose 0.796% last month. The core CPI advanced 0.275% unrounded
  • #44,962
  • Dec 14, 2007 7:55am Dec 14, 2007 7:55am
Quoting gunset
what about Industrial Production m/m?? another sell?

Stay out that time no trade !
  • #44,963
  • Dec 14, 2007 7:59am Dec 14, 2007 7:59am
Quoting FXdaily
Stay out that time no trade !
agree.. should rest now and trade again next week...
  • #44,964
  • Dec 14, 2007 8:10am Dec 14, 2007 8:10am
just like yesterday when PPI was reported, the reaction low took out all the stop loss orders and shorters start covering.
  • #44,965
  • Dec 14, 2007 8:17am Dec 14, 2007 8:17am
Industrial production came out BULLISH!!!
  • #44,966
  • Dec 14, 2007 9:10am Dec 14, 2007 9:10am
wow~~
0200 come !!
  • #44,967
  • Dec 14, 2007 9:14am Dec 14, 2007 9:14am
important weekly trendline support....200
  • #44,968
  • Dec 14, 2007 9:18am Dec 14, 2007 9:18am
Already at the bottom of the CHANNEL. Still got room some more to drop further. Will it be a BREAKOUT... and we shall see the era of CABLE below 2.0000 next year... or just gonna be a FALSE breakout... then SHOOT UP again above 2.1000 CABLE at a very CRITICAL LEVEL now.

p/s: This is the time for LONG TERM trader to make a decision. To LONG all the way UP the Channel... or SHORT and 2.0000 never gonna be seen again. Serious FA is needed.
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  • #44,969
  • Dec 14, 2007 9:19am Dec 14, 2007 9:19am
I think G/U is going lower yet ....... broke the support it had. IMO
  • #44,970
  • Dec 14, 2007 9:36am Dec 14, 2007 9:36am
I heard so many traders got a margin call tonight (Malaysia Time) ... trying to go against the market
  • #44,971
  • Dec 14, 2007 9:37am Dec 14, 2007 9:37am
maybe it's time for long, be careful
  • #44,972
  • Dec 14, 2007 9:55am Dec 14, 2007 9:55am
Quoting Malaysia
I heard so many traders got a margin call tonight (Malaysia Time) ... trying to go against the market
Never understand why folks would want to get in front of a moving train...
  • #44,973
  • Dec 14, 2007 9:56am Dec 14, 2007 9:56am
if it breaks firmly through the 61.8 fib drawn from august 17th, next stop is 1.95.
TRADE FOR SWAP
  • #44,974
  • Dec 14, 2007 9:59am Dec 14, 2007 9:59am
Quoting Richard07
maybe it's time for long, be careful
Already below 2.0200 Still wanna fight?
  • #44,975
  • Dec 14, 2007 10:07am Dec 14, 2007 10:07am
no fight, just watch ..
  • #44,976
  • Dec 14, 2007 10:15am Dec 14, 2007 10:15am
BUY Again Go GO target 2.0500 :
  • #44,977
  • Dec 14, 2007 10:15am Dec 14, 2007 10:15am
sneaky buggers...will probably break it over weekend with gap down.....
  • #44,978
  • Dec 14, 2007 10:16am Dec 14, 2007 10:16am
Quoting Richard07
no fight, just watch ..
Missed this train... there's always never ending opportunity in FOREX. Risk management side with this kind of market psychology... better SELL FROM BOUNCE rather than BUY FROM DIP. Just be patience
  • #44,979
  • Dec 14, 2007 10:18am Dec 14, 2007 10:18am
Quoting cgldsmth
if it breaks firmly through the 61.8 fib drawn from august 17th, next stop is 1.95.
Nice one! Just a bit overshoot to 2.0190.
  • #44,980
  • Dec 14, 2007 10:23am Dec 14, 2007 10:23am
Quoting Malaysia
Missed this train... there's always never ending opportunity in FOREX. Risk management side with this kind of market psychology... better SELL FROM BOUNCE rather than BUY FROM DIP. Just be patience
Sometimes stay on the side line is as good as make profit on Forex
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