risk-aversion Navin, that's how bad US figures can send this down. They will first effect the equity markets, which will have an impact on the dollar.
Cable Update (GBPUSD)
- #103,541
- Dec 3, 2008 7:05am Dec 3, 2008 7:05am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
- #103,542
- Dec 3, 2008 7:08am Dec 3, 2008 7:08am
My chart only touched 14663 and its homesick to return there...
GBP/USD has touched 1.4606 showing a strong downtrend to 1.4550, if break this, then the downside will lead to 1.4180.
Ride the Bulls bearback!
- #103,543
- Dec 3, 2008 7:08am Dec 3, 2008 7:08am
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When life gives you lemons, make lemonade
- #103,544
- Dec 3, 2008 7:12am Dec 3, 2008 7:12am
- Joined Mar 2008 | Status: Fooled by randomness | 8,360 Posts
When life gives you lemons, make lemonade
- #103,545
- Dec 3, 2008 7:16am Dec 3, 2008 7:16am
- Joined Mar 2008 | Status: Fooled by randomness | 8,360 Posts
When life gives you lemons, make lemonade
- #103,546
- Dec 3, 2008 7:17am Dec 3, 2008 7:17am
- | Joined Oct 2008 | Status: A witty saying proves nothing. | 1,178 Posts
Probability Professor
- #103,547
- Dec 3, 2008 7:18am Dec 3, 2008 7:18am
- Joined Mar 2008 | Status: Fooled by randomness | 8,360 Posts
However, not much action on it: yet.
When life gives you lemons, make lemonade
- #103,549
- Dec 3, 2008 7:19am Dec 3, 2008 7:19am
- Joined Mar 2008 | Status: Fooled by randomness | 8,360 Posts
Bad US Data
So,,,,what will happen??
Hope to go down and down
I got a short after breaking 1.4710 and return back to it
When life gives you lemons, make lemonade
- #103,551
- Dec 3, 2008 7:23am Dec 3, 2008 7:23am
- Joined Mar 2008 | Status: Fooled by randomness | 8,360 Posts
When life gives you lemons, make lemonade
- #103,553
- Dec 3, 2008 7:25am Dec 3, 2008 7:25am
- Joined Feb 2008 | Status: Trader | 5,732 Posts
they don't want to give me the opportunity to add to my short...
Patience + Discipline - Greed = Success
- #103,555
- Dec 3, 2008 7:26am Dec 3, 2008 7:26am
- Joined Mar 2008 | Status: Fooled by randomness | 8,360 Posts
they don't want to give me the opportunity to add to my short...
When life gives you lemons, make lemonade
- #103,556
- Dec 3, 2008 7:29am Dec 3, 2008 7:29am
Bad US Data
So,,,,what will happen??
Hope to go down and down
I got a short after breaking 1.4710 and return back to it
confused...
- #103,558
- Dec 3, 2008 7:30am Dec 3, 2008 7:30am
- Joined Feb 2008 | Status: Trader | 5,732 Posts
i guess so
Patience + Discipline - Greed = Success
- #103,560
- Dec 3, 2008 7:31am Dec 3, 2008 7:31am
- Joined Mar 2008 | Status: Fooled by randomness | 8,360 Posts
I have not established the resistance TP's beyond today's low. Does anyone have some confident levels?
When life gives you lemons, make lemonade