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Cable Update (GBPUSD)

  • #89,701
  • Sep 30, 2008 12:39pm Sep 30, 2008 12:39pm
"What hapens next?"

If nothing happens with U.S. congress bailout then my plan for the rest of the week is range trading until ECB statement Thursday and Non-Farm Friday. I think the possibility of a rate cut statement for Euro was factored in today.
  • #89,702
  • Sep 30, 2008 12:45pm Sep 30, 2008 12:45pm
Quoting dakrusha
i've had a morning/night
+50, +96, +13, +23, +43
i think i should be done for the day. i'm affraid greed on my part will kill my winning streak

incidentally i am absolutely amazed by the price action today.
869 then 10 minutes later 806...simply AWESOME!
night? where in the us is night now?
  • #89,703
  • Sep 30, 2008 12:54pm Sep 30, 2008 12:54pm
Not a bad all in all. After a dodgy start and not being on the big rides for long enough it ended up as -65 pips and + 242 pips. Hope that every one else had a good day.
  • #89,704
  • Sep 30, 2008 1:04pm Sep 30, 2008 1:04pm
Quoting AmeriTrini
night? where in the us is night now?

i meant late last night (uk open till bout 2 AM PST) and this am from bout 6 AM PST to 8 AM
  • #89,705
  • Sep 30, 2008 1:04pm Sep 30, 2008 1:04pm
Quoting Chris_35
Not a bad all in all. After a dodgy start and not being on the big rides for long enough it ended up as -65 pips and + 242 pips. Hope that every one else had a good day.

thats a fantastic day! bro ...good stuff
  • #89,706
  • Sep 30, 2008 1:08pm Sep 30, 2008 1:08pm
I think it will go down to 1.7680, that is the 987 fib zon traced from 1.8667...
  • #89,707
  • Sep 30, 2008 1:13pm Sep 30, 2008 1:13pm
good trade for you all!! but i still think wouldn't trade this week..okay but i have some prediction price should down to 1.774 and then bounce to 1.785..and the end of this week @1.74 maybe...

Minal Aidin Wal Faidzin
Please Forgive All My Faults For You Muslims or Non-Muslims
Mohon Maaf Lahir Batin
Happy Eid al futer 1 Shawwal 1429H
wish me luck!
  • #89,708
  • Sep 30, 2008 1:17pm Sep 30, 2008 1:17pm
Quoting di3seL
I think it will go down to 1.7680, that is the 987 fib zon traced from 1.8667...
If this week closes below the ma at the blue arrow... then we should retest 7450.... I wouldn't rule out 1.6500 though...
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Patience + Discipline - Greed = Success
  • #89,709
  • Sep 30, 2008 1:25pm Sep 30, 2008 1:25pm
Quoting Infinity
If this week closes below the ma at the blue arrow... then we should retest 7450.... I wouldn't rule out 1.6500 though...


HOLLA
  • #89,710
  • Sep 30, 2008 1:54pm Sep 30, 2008 1:54pm
Quoting Infinity
If this week closes below the ma at the blue arrow... then we should retest 7450.... I wouldn't rule out 1.6500 though...
Just digging in the trenches like everyone else!
  • #89,711
  • Sep 30, 2008 2:25pm Sep 30, 2008 2:25pm
Mister Bush.. If in the congress you push… be careful not to shit your own pants. Just a comment to express my Fundamental view that perceive as a threat the pressure put on the US congress, using terrorism to threat world economies.
  • #89,712
  • Sep 30, 2008 2:43pm Sep 30, 2008 2:43pm
Quoting Turtle
Nah...everyone made their cash for today, put a S/L in place and took off!

HOLLA
now your just being wrecklessly optimistic!!
Trading is 80% Emotional, 20% Technical
  • #89,713
  • Sep 30, 2008 2:50pm Sep 30, 2008 2:50pm
When life gives you lemons, make lemonade
  • #89,714
  • Sep 30, 2008 2:54pm Sep 30, 2008 2:54pm
You guys stop talking like its normal - this market never sleeps - it can move a trillion pips in 10 seconds !

So never mind all this 'thats it for today and its snoozing'

its snoozing like a crocodile - thats what its snoozing like !

making dosh on a euro long but that was 2 milliseconds ago and I havent looked since so i could be in loss !
  • #89,715
  • Sep 30, 2008 3:02pm Sep 30, 2008 3:02pm
Quoting fx local
now your just being wrecklessly optimistic!!
DOW closes at +490..... At least for today!!

HOLLA
  • #89,716
  • Sep 30, 2008 3:03pm Sep 30, 2008 3:03pm
Quoting allserene
You guys stop talking like its normal - this market never sleeps - it can move a trillion pips in 10 seconds !

So never mind all this 'thats it for today and its snoozing'

its snoozing like a crocodile - thats what its snoozing like !

making dosh on a euro long but that was 2 milliseconds ago and I havent looked since so i could be in loss !
allen u know u should be doing stand up comedy..u will bring the house down
  • #89,717
  • Sep 30, 2008 3:19pm Sep 30, 2008 3:19pm
Quoting nAVIN2007
allen u know u should be doing stand up comedy..u will bring the house down
Trench humour - i am as scared as the rest

Dumped a bunch of shares today on the bounce but I have mutual funds which are down 44% YTD

I reckon cable will be 1.60 or 1.90 by xmas but I just dunno and I dont think anyone else does...
  • #89,718
  • Sep 30, 2008 3:46pm Sep 30, 2008 3:46pm
Quoting allserene
Trench humour - i am as scared as the rest

Dumped a bunch of shares today on the bounce but I have mutual funds which are down 44% YTD

I reckon cable will be 1.60 or 1.90 by xmas but I just dunno and I dont think anyone else does...
im personally confused..i knew it was gonna drop but this is crazy, whatever happens in US, good or bad brings cable down..its stupid.

this is purely trend trading.....and how long will it last is like saying "how long is a piece of string"...nobody knows

it still may be possible that monthly might give a doji...lets see
  • #89,719
  • Sep 30, 2008 3:57pm Sep 30, 2008 3:57pm
Quoting nAVIN2007
im personally confused..i knew it was gonna drop but this is crazy, whatever happens in US, good or bad brings cable down..its stupid.

this is purely trend trading.....and how long will it last is like saying "how long is a piece of string"...nobody knows

it still may be possible that monthly might give a doji...lets see
Nothing lasts forever , the question is when come the pullback ?
  • #89,720
  • Sep 30, 2008 4:07pm Sep 30, 2008 4:07pm
what monthly close give us ?
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