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Cable Update (GBPUSD)

  • #106,341
  • Dec 12, 2008 4:50am Dec 12, 2008 4:50am
Quoting TerpFan2
I hear you... It was like an honest 20 degrees,
When 'went to the Ravens/"Quitskin's" game, Monday. Now it's like 50 60 degrees. More cold on the way, -After, of course the rain that
could be sNOW, goes bye!

Love when it gets snowed out for my daughter to miss school.
-Ahh kids have the life!
Have a great one bud,

Jeff !
thanks man
you too
When life gives you lemons, make lemonade
  • #106,342
  • Dec 12, 2008 4:51am Dec 12, 2008 4:51am
i am long with Eur,aud and gpb/usd
  • #106,343
  • Dec 12, 2008 4:57am Dec 12, 2008 4:57am
oh noes
  • #106,344
  • Dec 12, 2008 5:12am Dec 12, 2008 5:12am
The upward sloping Schiff fork has still been defining price actions very well. Both longs and shorts today were well contained by the Median and Lower Median Line. Have a good one.

J.
Attached Image (click to enlarge)
Click to Enlarge Name: GBP Median Lines 12122008 (ii).jpg Size: 196 KB
~*~You are only one trade away from humility~*~
  • #106,345
  • Dec 12, 2008 5:35am Dec 12, 2008 5:35am
It looks like everybody is out for lunch in London - 1.4900 for 30 min steady.

Sh.t! Somebody came back.
  • #106,346
  • Dec 12, 2008 5:38am Dec 12, 2008 5:38am
Quoting Komissar
It looks like everybody is out for lunch in London - 1.4900 for 30 min steady.
Must be tea time. Taking a break before they take out this 4hr TL FTSE down -4%
  • #106,347
  • Dec 12, 2008 5:41am Dec 12, 2008 5:41am
Quoting falsestart
Must be tea time. Taking a break before they take out this 4hr TL FTSE down -4%
haha cucumber sandwiches
When life gives you lemons, make lemonade
  • #106,348
  • Dec 12, 2008 5:46am Dec 12, 2008 5:46am
Quoting gagakrimba
Entered another long @ 1.4930
Phewwwww.....at last it moves upwards
  • #106,349
  • Dec 12, 2008 5:46am Dec 12, 2008 5:46am
Quoting falsestart
Must be tea time. Taking a break before they take out this 4hr TL FTSE down -4%
I think everyone is just waiting for New York to open- I know I am.
It could be carnage on wall street today, we'll have to wait and see.
  • #106,350
  • Dec 12, 2008 5:47am Dec 12, 2008 5:47am
Quoting gagakrimba
Phewwwww.....at last it moves upwards
And what's pushing it up?
  • #106,351
  • Dec 12, 2008 5:50am Dec 12, 2008 5:50am
Quoting Komissar
And what's pushing it up?
tanking dollar across the board, the rules have changed again. Things more like normal as bad news hurting the dollar again.

I shorted USD/CAD too
  • #106,352
  • Dec 12, 2008 5:51am Dec 12, 2008 5:51am
up up and away
  • #106,353
  • Dec 12, 2008 5:56am Dec 12, 2008 5:56am
Quoting PipLand
tanking dollar across the board, the rules have changed again. Things more like normal as bad news hurting the dollar again.

I shorted USD/CAD too
The 'rules' haven't suddenly changed again.
Sure the atmosphere is a little different at the moment with people starting to believe in a widespread recovery against the dollar, but go back and read some news story's, practically every week since september somebody has been predicting the dollar rally is over!

I'm not saying the tide won't turn- but everything isn't suddenly going to change, it will be gradual.
We need to wait for America to open before we see how the bailout news is going to affect the markets.
  • #106,354
  • Dec 12, 2008 6:07am Dec 12, 2008 6:07am
Quoting spintrader
The 'rules' haven't suddenly changed again.
Sure the atmosphere is a little different at the moment with people starting to believe in a widespread recovery against the dollar, but go back and read some news story's, practically every week since september somebody has been predicting the dollar rally is over!

I'm not saying the tide won't turn- but everything isn't suddenly going to change, it will be gradual.
We need to wait for America to open before we see how the bailout news is going to affect the markets.
Well prob not as suddenly as i would like but this could be the turning point the dollar certainly looks to be behaving differently again. I am aware of many previous bottom dollar call and yes all will be clearer when the US opens, shall be very interesting.

Please tank
  • #106,355
  • Dec 12, 2008 6:20am Dec 12, 2008 6:20am
Quoting Komissar
And what's pushing it up?
maybe EURO... EURO is on an pure uptrend, cable is sideways with advantage to the shorts... unless we break this RSI level, it might take time but EURO is already in an uptrend and pushing cable a little with him. so instead of trading cable, trade EURO for now its a little better
When life gives you lemons, make lemonade
  • #106,356
  • Dec 12, 2008 6:23am Dec 12, 2008 6:23am
Quoting spintrader
The 'rules' haven't suddenly changed again.
Sure the atmosphere is a little different at the moment with people starting to believe in a widespread recovery against the dollar, but go back and read some news story's, practically every week since september somebody has been predicting the dollar rally is over!

I'm not saying the tide won't turn- but everything isn't suddenly going to change, it will be gradual.
We need to wait for America to open before we see how the bailout news is going to affect the markets.
of course its not over yet for the dollar, I reckon we will see another big move to the upside ( on dollar that is) and when suddnely everyone starts singing halleluja USD thats when the shit will hit the fan.
  • #106,357
  • Dec 12, 2008 6:23am Dec 12, 2008 6:23am
Quoting micho
maybe EURO... EURO is on an pure uptrend, cable is sideways with advantage to the shorts... unless we break this RSI level, it might take time but EURO is already in an uptrend and pushing cable a little with him. so instead of trading cable, trade EURO for now its a little better
Hey micho, im on the opposite thinking. I feel that Euro has had a great run against the dollar already, im not saying it doesnt have more to go but the £ to me is much better placed for a rally. Just my 2 cents
  • #106,358
  • Dec 12, 2008 6:29am Dec 12, 2008 6:29am
Quoting PipLand
Hey micho, im on the opposite thinking. I feel that Euro has had a great run against the dollar already, im not saying it doesnt have more to go but the £ to me is much better placed for a rally. Just my 2 cents
well maybe it will keep going sideways while EURO is climbing so why do you want to play sideway pair if it doesnt have strength?
When life gives you lemons, make lemonade
  • #106,359
  • Dec 12, 2008 6:33am Dec 12, 2008 6:33am
Quoting lexazver
of course its not over yet for the dollar, I reckon we will see another big move to the upside ( on dollar that is) and when suddnely everyone starts singing halleluja USD thats when the shit will hit the fan.
I agree, I think there is nearly always a final push before the change really does get underway.
  • #106,360
  • Dec 12, 2008 6:33am Dec 12, 2008 6:33am
Quoting micho
well maybe it will keep going sideways while EURO is climbing so why do you want to play sideway pair if it doesnt have strength?


I feel theres more upside potential with cable i could be wrong its just a view. Euro has put in a daily top and I wouldnt be looking to buy at current levels, I would buy it on a nice dip though
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