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Cable Update (GBPUSD)

  • #83,481
  • Aug 21, 2008 2:08pm Aug 21, 2008 2:08pm
Quoting Gubster
this thing will be below 18700 when US closes. It has bounced off the resistance and now get ready for the fall

That's brave at this point

US is getting screwed by oil .... 150 will kill any recovery
  • #83,482
  • Aug 21, 2008 2:10pm Aug 21, 2008 2:10pm
Quoting eohater
I like it! You've made a good point: "are we setting up for a mother of a fall" We very well could be.
allen is right we trading oil....it all depends on what going on there i guess
  • #83,483
  • Aug 21, 2008 2:14pm Aug 21, 2008 2:14pm
Quoting allserene
That's brave at this point

US is getting screwed by oil .... 150 will kill any recovery
This is from yesterday: "Goldman Sachs repeated its belief that oil will end 2008 at $149 a barrel"
Just digging in the trenches like everyone else!
  • #83,484
  • Aug 21, 2008 2:14pm Aug 21, 2008 2:14pm
Quoting nAVIN2007
allen is right we trading oil....it all depends on what going on there i guess
Rick Santelli is the only one on CNBC that I rate

he just said that the euro has now established a range of 1.46 to 1.60

Not yet convinced that the UK currency is worth only 1.72
  • #83,485
  • Aug 21, 2008 2:22pm Aug 21, 2008 2:22pm
maybe oil is retracing....

another think about stochastic on dailly there goin to be bearish diverence...whether it plays out is another thing..
  • #83,486
  • Aug 21, 2008 2:29pm Aug 21, 2008 2:29pm
Could this be the start of another bull run for crude ??
  • #83,487
  • Aug 21, 2008 2:34pm Aug 21, 2008 2:34pm
Quoting rossobonks
Could this be the start of another bull run for crude ??
yes

but not in a straight line
  • #83,488
  • Aug 21, 2008 2:42pm Aug 21, 2008 2:42pm
gasoline is flexing up as well ...oh crap
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  • #83,489
  • Aug 21, 2008 2:46pm Aug 21, 2008 2:46pm
im getting killed right now... should I take the loss or hang on? any suggestions?
Lets do this...
  • #83,490
  • Aug 21, 2008 2:46pm Aug 21, 2008 2:46pm
sold at 18767. i think oil will retreat tmrw a little and financials are already coing back into postive territory.
  • #83,491
  • Aug 21, 2008 2:49pm Aug 21, 2008 2:49pm
watch 8755 daily resistance can become support .... plus eur chart looks teh same as gbr... if bar on eur 30 min closed higher ill buy eur ... and gbr withing next hour
  • #83,492
  • Aug 21, 2008 2:49pm Aug 21, 2008 2:49pm
Quoting jcminvest
im getting killed right now... should I take the loss or hang on? any suggestions?
did u got short or long ?
  • #83,493
  • Aug 21, 2008 2:50pm Aug 21, 2008 2:50pm
Quoting islan405
did u got short or long ?

Long on USD/CHF

Short on GBP/USD and EUR/USD
Lets do this...
  • #83,494
  • Aug 21, 2008 2:52pm Aug 21, 2008 2:52pm
Quoting Gubster
sold at 18767. i think oil will retreat tmrw a little and financials are already coing back into postive territory.
thought you were shorting and aiming at 1.87 by close today ?
  • #83,495
  • Aug 21, 2008 2:54pm Aug 21, 2008 2:54pm
Quoting jcminvest
Long on USD/CHF

Short on GBP/USD and EUR/USD
what entries?
  • #83,496
  • Aug 21, 2008 2:56pm Aug 21, 2008 2:56pm
Quoting allserene
thought you were shorting and aiming at 1.87 by close today ?
well maybe by the morning but it will come!
  • #83,497
  • Aug 21, 2008 2:56pm Aug 21, 2008 2:56pm
yesterday at 20:00... can I expect anything to work towards me at this point or is this the swing I was dreading to miss
Lets do this...
  • #83,498
  • Aug 21, 2008 3:05pm Aug 21, 2008 3:05pm
do we see this as a news spike or a lagit turn around?
Lets do this...
  • #83,499
  • Aug 21, 2008 3:06pm Aug 21, 2008 3:06pm
Quoting Gubster
well maybe by the morning but it will come!
naught , naughty claiming you are short and aiming for a low today - then a couple of hours later saying you are out of your long with success

spanked botty for you
  • #83,500
  • Aug 21, 2008 3:06pm Aug 21, 2008 3:06pm
Quoting jcminvest
do we see this as a news spike or a lagit turn around?
thats the problem nobody know ...this is where it becomes a gamble
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