Attachments: Cable Update (GBPUSD)

Cable Update (GBPUSD)

#45,241
Dec 17, 2007 6:05am Dec 17, 2007 6:05am

dzeba
| Joined Apr 2007 | Status: Trader | 30 Posts

QS you were right from the begining about going long

maybe you are sharing you trading system in this forum? Anyway good luck to you

#45,242
Dec 17, 2007 6:05am Dec 17, 2007 6:05am

FXdaily
| Joined Nov 2007 | Status: Trader | 910 Posts

We must SHORT 3 minutes before NEWs!

#45,243
Dec 17, 2007 6:06am Dec 17, 2007 6:06am

deboooo2005
Joined Feb 2007 | Status: Trader | 2,428 Posts

Quoting Qu|cksilver

Disliked

what a nice day to me...

Ignored

tell me Qs you long from there

anyone look for short

#45,244
Dec 17, 2007 6:09am Dec 17, 2007 6:09am

Richard07
| Joined Dec 2007 | Status: Trader | 22 Posts

Quoting Qu|cksilver

Disliked

what a nice day to me...

Ignored

you are right!!

#45,245
Dec 17, 2007 6:10am Dec 17, 2007 6:10am

vdubbs
| Joined Dec 2007 | Status: Trader | 28 Posts

debo,

Empire State Business Conditions Index
Measures the general business conditions of manufacturers in New York State. The index is derived from a survey that asks respondents to rate the level of general business activity as 'decrease', 'increase', or 'no change'. A rising trend has a positive effect on the nation's currency because good manufacturing conditions are a sign of a strong economy. Although this survey is limited to manufacturers in New York only, traders pay close attention because the New York Federal Reserve releases it weeks before other major reports on manufacturing (e.g., Industrial Production, ISM Manufacturing Index).

Previous:27.4
Forecast:20.0

If the forecast is lower than the previous isn't this negative for the usd?

#45,246
Dec 17, 2007 6:11am Dec 17, 2007 6:11am

bhesania
| Joined Nov 2007 | Status: Trader | 83 Posts

wat should be t/p qs...??

#45,247
Dec 17, 2007 6:12am Dec 17, 2007 6:12am

deboooo2005
Joined Feb 2007 | Status: Trader | 2,428 Posts

Quoting vdubbs

Disliked

debo,

Empire State Business Conditions Index
Measures the general business conditions of manufacturers in New York State. The index is derived from a survey that asks respondents to rate the level of general business activity as 'decrease', 'increase', or 'no change'. A rising trend has a positive effect on the nation's currency because good manufacturing conditions are a sign of a strong economy. Although this survey is limited to manufacturers in New York only, traders pay close attention because the New York Federal Reserve releases it weeks before other major reports on manufacturing (e.g., Industrial Production, ISM Manufacturing Index).

Previous:27.4
Forecast:20.0

If the forecast is lower than the previous isn't this negative for the usd?

Ignored

yes but there is another one
TIC Net Long-Term Transactions also today check it

#45,248
Dec 17, 2007 6:15am Dec 17, 2007 6:15am

Qu|cksilver
Joined Sep 2006 | Status: Trader | 2,163 Posts

To determine TP is very hard to me..
But i try to look somewhere at 2.0277-2.0300 area.

"Invest With The Insiders, Not The Masses" George Muzea

#45,249
Dec 17, 2007 6:15am Dec 17, 2007 6:15am

acidguy
| Joined Aug 2007 | Status: Trading make u smarter. | 1,230 Posts

Quoting FXdaily

Disliked

We must SHORT 3 minutes before NEWs!

Ignored

my friend you have a great success record trading gbp like some of us.
please dont paint it of red.
"rumours are", coming usa news are dollar negative, thats why we are seeing heavy usd liquidation right now. "if" its confirmed dollar may lose a lot more.
if not, dollar should at least hold and not rally much,
dollar :
1) is currently in overbought extremes
2) is starting acorrection to eu shoulders pattern (1.4517).

my trade plan, enter only if news from usa are really bad...

#45,250
Dec 17, 2007 6:15am Dec 17, 2007 6:15am