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Cable Update (GBPUSD)

  • #67,061
  • May 21, 2008 1:46pm May 21, 2008 1:46pm
watch USINDEX
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  • #67,062
  • May 21, 2008 1:50pm May 21, 2008 1:50pm
Im still thinking break up.But we have banged against the falling daily tl looks set to try again.

USDX is falling still
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #67,063
  • May 21, 2008 1:50pm May 21, 2008 1:50pm
Quoting deboooo2005
watch USINDEX
wow, that's bad, very bad. Dollar is so weak!!!
  • #67,064
  • May 21, 2008 1:53pm May 21, 2008 1:53pm
Quoting asyed4
Based on my above possibility, I am afraid for those traders which are in shorts right now because the current situation is DJIA is already in negative and the rate is already decling and declining up to 1.9611 which could be the best sign of retracement towards upward direction to atleast 1.9750'ssssssssssss

I prey to all those who are in Short because the weather of trading for today could be hotest.

Alqaz Syed.

After the minutes, it got high up to 1.9710 and currently I think it is ranging between 1.9680-1.9710 but by the end of Asia Session and pre UK trading session tonight it may achieve up to at least 1.9750. At that level we can short but we still won't be confident until Retail Sales would be showed up at 3:30 am or 8:30 am GMT.

I think by then short term trading or scalping long could give the trader the lunch or dinner cost or maybe this movie "India Jones and the Kingdom of Crystal Skulls" cost as this is going to be released tomorrow in the theaters in US.
  • #67,065
  • May 21, 2008 1:55pm May 21, 2008 1:55pm
Quoting asyed4
After the minutes, it got high up to 1.9710 and currently I think it is ranging between 1.9680-1.9710 but by the end of Asia Session and pre UK trading session tonight it may achieve up to at least 1.9750. At that level we can short but we still won't be confident until Retail Sales would be showed up at 3:30 am or 8:30 am GMT.

I think by then short term trading or scalping long could give the trader the lunch or dinner cost or maybe this movie "India Jones and the Kingdom of Crystal Skulls" cost as this is going to be released tomorrow in the theaters in US.
with a relatively week currency shouldnt we expect good retail sales?
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #67,066
  • May 21, 2008 1:55pm May 21, 2008 1:55pm
I dont like the latest 30 min candle though
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #67,067
  • May 21, 2008 1:57pm May 21, 2008 1:57pm
its a bit indecisive to pin looking.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #67,068
  • May 21, 2008 1:58pm May 21, 2008 1:58pm
Quoting deboooo2005
watch USINDEX
Thanks for that chart!

There is a H&S pattern there.
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  • #67,069
  • May 21, 2008 2:02pm May 21, 2008 2:02pm
Quoting Carrera
wow, that's bad, very bad. Dollar is so weak!!!

if 71.90 support doesn't hold it will fall to 71.48
  • #67,070
  • May 21, 2008 2:05pm May 21, 2008 2:05pm
Quoting asyed4
After the minutes, it got high up to 1.9710 and currently I think it is ranging between 1.9680-1.9710 but by the end of Asia Session and pre UK trading session tonight it may achieve up to at least 1.9750. At that level we can short but we still won't be confident until Retail Sales would be showed up at 3:30 am or 8:30 am GMT.

I think by then short term trading or scalping long could give the trader the lunch or dinner cost or maybe this movie "India Jones and the Kingdom of Crystal Skulls" cost as this is going to be released tomorrow in the theaters in US.
And after the minutes; oil got high up to 133.16 (4.18 change). I think guys this is the best time to do SHORT U/J (usD/jpy) at the current level and pt level is at least 102.50 and SL level is 103.35.
  • #67,071
  • May 21, 2008 2:13pm May 21, 2008 2:13pm
i just want t to go a bit higher then im looking to short....it looks like this currency is at the mercy of the news and tomorrow retail news definataly should send cable down..

unless something happened unexpected
  • #67,072
  • May 21, 2008 2:15pm May 21, 2008 2:15pm
GOAL!!!!!!!!!!!

SUperb Ronaldo Header!

Man Utd 1-0 Chelsea
  • #67,073
  • May 21, 2008 2:20pm May 21, 2008 2:20pm
becarefull with shorts as well as with long, when 5pm hit i will be putting my stop and buy orders in to catch the trend.
If I Go Broke Trying Then I Will die happy.
  • #67,074
  • May 21, 2008 2:27pm May 21, 2008 2:27pm
Quoting Moe
becarefull with shorts as well as with long, when 5pm hit i will be putting my stop and buy orders in to catch the trend.
So what does that mean? Did u close your trade or is it sitting at BE
  • #67,075
  • May 21, 2008 2:42pm May 21, 2008 2:42pm
cable freeze @ 1.9685
  • #67,076
  • May 21, 2008 2:44pm May 21, 2008 2:44pm
Quoting Moe
becarefull with shorts as well as with long, when 5pm hit i will be putting my stop and buy orders in to catch the trend.
buy orders????
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #67,077
  • May 21, 2008 2:50pm May 21, 2008 2:50pm
Quoting salah k.
buy orders????
buy stop and sell stop order's.
If I Go Broke Trying Then I Will die happy.
  • #67,078
  • May 21, 2008 2:53pm May 21, 2008 2:53pm
Quoting DJ4x
So what does that mean? Did u close your trade or is it sitting at BE
did not close im sitting close to break even, since my system is a end of day system i have to wait til n.y. close to see if i want to continue to hold this short or close it. it's just a wait and see thing.
If I Go Broke Trying Then I Will die happy.
  • #67,079
  • May 21, 2008 3:00pm May 21, 2008 3:00pm
today is triple swap day, you will be charge if your holding short.
If I Go Broke Trying Then I Will die happy.
  • #67,080
  • May 21, 2008 3:33pm May 21, 2008 3:33pm
Well that’s pretty incredible if this breaks in this Asian session must admit
On-site guru & also FF member's' psychiatrist, when not drinking tea
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