More often than not the market filled the gap b4 it resumes the trend (whether up or down) my chart had it at 1.9603 it is now doing at 1.9580 at least 23 pips is not bad in asian trading........just my 2 cents
Cable Update (GBPUSD)
- #54,261
- Feb 17, 2008 6:30pm Feb 17, 2008 6:30pm
- #54,262
- Feb 17, 2008 6:34pm Feb 17, 2008 6:34pm
- | Joined Aug 2007 | Status: Trading make u smarter. | 1,230 Posts
nice opportunity to long gu in my opinion.
while usa housing market is falling to pieces, uk for some reason i dont know, seem like stabilizing somehow.
maybe its a pause for then continue worsening but who knows...
in the moment i see gu reaching 1.9700 and probably beyound. soon
while usa housing market is falling to pieces, uk for some reason i dont know, seem like stabilizing somehow.
maybe its a pause for then continue worsening but who knows...
in the moment i see gu reaching 1.9700 and probably beyound. soon
- #54,263
- Feb 17, 2008 6:40pm Feb 17, 2008 6:40pm
- Joined Apr 2007 | Status: Trader | 2,387 Posts
"what doesn't bankrupt me, makes me stronger" modern nietzche
- #54,265
- Feb 17, 2008 6:48pm Feb 17, 2008 6:48pm
nice opportunity to long gu in my opinion.
while usa housing market is falling to pieces, uk for some reason i dont know, seem like stabilizing somehow.
maybe its a pause for then continue worsening but who knows...
in the moment i see gu reaching 1.9700 and probably beyound. soon
- #54,269
- Feb 17, 2008 6:56pm Feb 17, 2008 6:56pm
- Joined Apr 2007 | Status: Trader | 2,387 Posts
"what doesn't bankrupt me, makes me stronger" modern nietzche
- #54,271
- Feb 17, 2008 7:09pm Feb 17, 2008 7:09pm
- Joined Apr 2007 | Status: USF Statistics | 2,248 Posts
Just wait until the biggest forex market in the world opens up to the positive housing news.......... 
- #54,272
- Feb 17, 2008 7:13pm Feb 17, 2008 7:13pm
- | Joined Aug 2007 | Status: Trading make u smarter. | 1,230 Posts
looks like its bearish momentum is strong
gu falling even with these good news?
just put my sl at 1.9545.
- #54,273
- Feb 17, 2008 7:20pm Feb 17, 2008 7:20pm
Just wait until the biggest forex market in the world opens up to the positive housing news..........
did you mean we wait for european market open?
Never Give Up.....
- #54,274
- Feb 17, 2008 7:31pm Feb 17, 2008 7:31pm
AmeriTrini, US market is close for today right?
did you mean we wait for european market open?
- #54,275
- Feb 17, 2008 8:11pm Feb 17, 2008 8:11pm
- Joined Apr 2007 | Status: USF Statistics | 2,248 Posts
Right you are lessy, and as what AmeriTrini try to implied, the biggest Forex Market as far as volume is concerned is the London Market!
- #54,276
- Feb 17, 2008 9:11pm Feb 17, 2008 9:11pm
- | Joined Aug 2007 | Status: Trading make u smarter. | 1,230 Posts
eu seemed like poisoned to go 1.50 and above in this rally...
where would be gu at that time?. some say if usd index break support.
there could be an usd minicrash.
whatever, happily long gu and targeting 1.9700 soon
where would be gu at that time?
. some say if usd index break support.there could be an usd minicrash.
whatever, happily long gu and targeting 1.9700 soon
- #54,277
- Feb 17, 2008 9:21pm Feb 17, 2008 9:21pm
- Joined Apr 2007 | Status: USF Statistics | 2,248 Posts
- #54,278
- Feb 17, 2008 9:33pm Feb 17, 2008 9:33pm
passing 1.9786 today (no US news to counteract), 1.9900 end of the week.
so let's tighten up the seatbelt~bro
- #54,279
- Feb 17, 2008 9:40pm Feb 17, 2008 9:40pm
- Joined Apr 2007 | Status: USF Statistics | 2,248 Posts
I share an opened attitude to short or long the GU, but from the Weekly chart and those support/resistance, I also prefer a rebounce this week, but not that strong as you think.
so let's tighten up the seatbelt~bro
