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Cable Update (GBPUSD)

  • #84,921
  • Aug 29, 2008 8:31am Aug 29, 2008 8:31am
Quoting nAVIN2007
long shadows facing up..any1 long?
I have a small long position.
Just digging in the trenches like everyone else!
  • #84,922
  • Aug 29, 2008 8:32am Aug 29, 2008 8:32am
accurate description of intraday market for most of London/European session so far: HORRIBLE Price remains firmly rooted in the mothership called congestion from which a true b/o can only be a matter of time ?!

Which way? ....absolutely no idea, lol.
ex member
  • #84,923
  • Aug 29, 2008 8:38am Aug 29, 2008 8:38am
to push cable south !
Jesus Christ is my only Lord !
  • #84,924
  • Aug 29, 2008 8:46am Aug 29, 2008 8:46am
09:10 08/29 Sources: Ecb Likely To Remain In Neutral Stance Thru End-year
09:45 08/29 Chicago Purchasers Order Backlog Index 63.0 Aug Vs 45.7 Jul
09:45 08/29 Chicago Purchasers Production Index 63.4 Aug Vs. 49.2 Jul
09:45 08/29 Chicago Purchasers Supplier Delivery 55.1 Aug Vs. 60.8 Jul
09:45 08/29 Chicago Purchasers Inventories Index 52.2 Aug Vs. 54.9 Jul
09:45 08/29 Chicago Purchasers Employment Index 39.2 Aug Vs. 45.9 Jul
09:45 08/29 Chicago Purchasers New Orders Index 60.2 Aug Vs. 53.5 Jul
09:45 08/29 Chicago Purchasers Prices Paid Index 80.6 Aug Vs 90.7 Jul
09:45 08/29 Chicago Purchasers Index 57.9 Aug Vs. 50.8 Jul, Seas Adj
Trading is 80% Emotional, 20% Technical
  • #84,925
  • Aug 29, 2008 8:48am Aug 29, 2008 8:48am
Quoting fx local
09:10 08/29 Sources: Ecb Likely To Remain In Neutral Stance Thru End-year
09:45 08/29 Chicago Purchasers Order Backlog Index 63.0 Aug Vs 45.7 Jul
09:45 08/29 Chicago Purchasers Production Index 63.4 Aug Vs. 49.2 Jul
09:45 08/29 Chicago Purchasers Supplier Delivery 55.1 Aug Vs. 60.8 Jul
09:45 08/29 Chicago Purchasers Inventories Index 52.2 Aug Vs. 54.9 Jul
09:45 08/29 Chicago Purchasers Employment Index 39.2 Aug Vs. 45.9 Jul
09:45 08/29 Chicago Purchasers New Orders Index 60.2 Aug Vs. 53.5 Jul
09:45 08/29 Chicago Purchasers Prices Paid Index 80.6 Aug Vs 90.7 Jul
09:45 08/29 Chicago Purchasers Index 57.9 Aug Vs. 50.8 Jul, Seas Adj

huge figure in US 57.9
Trading is 80% Emotional, 20% Technical
  • #84,926
  • Aug 29, 2008 8:50am Aug 29, 2008 8:50am
Quoting fx local
huge figure in US 57.9
thery were leaked early, stocks moved prior to release
Trading is 80% Emotional, 20% Technical
  • #84,927
  • Aug 29, 2008 8:51am Aug 29, 2008 8:51am
Quoting hipcio
to push cable south !
Trading is 80% Emotional, 20% Technical
  • #84,928
  • Aug 29, 2008 8:52am Aug 29, 2008 8:52am
Took the plunge today on my first live trades after Demo's for the last 2 months. Didn't want to miss the Gravy train going South. Crash!!! derailed on the first couple of bends, but good stops applied so not too much damage. Different ballgame altogether these live accounts.
Am beginning to think there may be a retracement before heading on down again. In the meantime will be sitting on the fence for a bit. Good luck all
  • #84,929
  • Aug 29, 2008 8:56am Aug 29, 2008 8:56am
wedge holding up nicely....
Trading is 80% Emotional, 20% Technical
  • #84,930
  • Aug 29, 2008 9:00am Aug 29, 2008 9:00am
Quoting fx local
wedge holding up nicely....

its strange how these figure for US comin so nice...are they out of recession or is it just UK see looking like they entering and US will likely come out first..
  • #84,931
  • Aug 29, 2008 9:00am Aug 29, 2008 9:00am
strongish U.s data particularly chicago pmi highest # since june 2007.

Cable tested y/days lows bids there saw mni, Dly s1 at 8222-25 with more bids likely positioned at 8200/10??
ex member
  • #84,932
  • Aug 29, 2008 9:02am Aug 29, 2008 9:02am
Quoting nAVIN2007
its strange how these figure for US comin so nice...are they out of recession or is it just UK see looking like they entering and US will likely come out first..
they get better all of a sudden b4 election!! hmmm ...
Trading is 80% Emotional, 20% Technical
  • #84,933
  • Aug 29, 2008 9:04am Aug 29, 2008 9:04am
Quoting fx local
they get better all of a sudden b4 election!! hmmm ...

looks like the president bought every1...
  • #84,934
  • Aug 29, 2008 9:06am Aug 29, 2008 9:06am
Quoting nAVIN2007
looks like the president bought every1...
if we kept our books like the government does we would be in jail!
Trading is 80% Emotional, 20% Technical
  • #84,935
  • Aug 29, 2008 9:06am Aug 29, 2008 9:06am
Quoting fx local
they get better all of a sudden b4 election!! hmmm ...
death cat news bounce. News are still in down trend .
  • #84,936
  • Aug 29, 2008 9:11am Aug 29, 2008 9:11am
Quoting eohater
I have a small long position.
I go take a shower to find I was stopped out with 2 pips profit.
Just digging in the trenches like everyone else!
  • #84,937
  • Aug 29, 2008 9:11am Aug 29, 2008 9:11am
Quoting fx local
if we kept our books like the government does we would be in jail!
thats very true
  • #84,938
  • Aug 29, 2008 9:20am Aug 29, 2008 9:20am
8258-76 the likely first upside hurdle on any extended pullback/recovery , mni making mention now of minor bids around Dly s1 8220-25 ahead of likely stronger bids 8200/10...mention too of near term downside target of 8176 being a 1.618ext of some move or other, bids likely reside there too 8170/80
ex member
  • #84,939
  • Aug 29, 2008 9:24am Aug 29, 2008 9:24am
looks like the pin was there to finish people off..hope non of us went for it...
  • #84,940
  • Aug 29, 2008 9:30am Aug 29, 2008 9:30am
Quoting nAVIN2007
looks like the pin was there to finish people off..hope non of us went for it...
i wonder if steelhead still thinks big bhoys are buying here?

cable terribly weak seems no1 wants to buy it at all,
Trading is 80% Emotional, 20% Technical
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