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Cable Update (GBPUSD)

  • #107,681
  • Dec 17, 2008 4:03pm Dec 17, 2008 4:03pm
Quoting eohater
http://msnbcmedia1.msn.com/i/msnbc/C...rt/APTRANS.gif updated 2 hours, 41 minutes ago

ORAN, Algeria - OPEC on Wednesday agreed to slash 2.2 million barrels from its daily production — its single largest cut ever — while bloc outsiders Russia and Azerbaijan announced their own cutbacks of hundreds of thousands of barrels from the market. ......

The article goes on from here. Now, where are my oil shares going to now? They went below $40 earlier today. I want $60 by the end of the year.
Its tricky with OPEC - they have little credibility and the markets alot of the time discounts what they do.... a cut signals to the market there will be further demand destruction therefore could actually be gauged as bearish

as much i would love crude to get to $60, it seems way off $55 has proven resistance, especially since the dollar has weakened significantly and crude has failed to rally gives a clue that the trend has not turned up again just yet.....
Trading is 80% Emotional, 20% Technical
  • #107,682
  • Dec 17, 2008 4:05pm Dec 17, 2008 4:05pm
Quoting fx local
Its tricky with OPEC - they have little credibility and the markets alot of the time discounts what they do.... a cut signals to the market there will be further demand destruction therefore could actually be gauged as bearish

as much i would love crude to get to $60, it seems way off $55 has proven resistance, especially since the dollar has weakened significantly and crude has failed to rally gives a clue that the trend has not turned up again just yet.....
No worries, I'll continue to buy down to $30. I'll be looking to loose my ass after that.
Just digging in the trenches like everyone else!
  • #107,683
  • Dec 17, 2008 4:09pm Dec 17, 2008 4:09pm
Quoting eohater
Fishers

I was just in Orlando last week
You're in the ritzy part of Indy! It wasn't that way when I was a kid. Now there's a lot of money up there from what I hear. Got any pro athletes for neighbors?
Hi, my name is Barry and you can keep your doctor...
  • #107,684
  • Dec 17, 2008 4:12pm Dec 17, 2008 4:12pm
Quoting cisco
You're in the ritzy part of Indy! It wasn't that way when I was a kid. Now there's a lot of money up there from what I hear. Got any pro athletes for neighbors?
Funny you should ask. I live next to Reggie Miller. He's about 5 houses down. Great guy!
Just digging in the trenches like everyone else!
  • #107,685
  • Dec 17, 2008 4:17pm Dec 17, 2008 4:17pm
Quoting eohater
Funny you should ask. I live next to Reggie Miller. He's about 5 houses down. Great guy!
You must be on Geist Reservoir then. I used to fish there when I was young.
Hi, my name is Barry and you can keep your doctor...
  • #107,686
  • Dec 17, 2008 4:20pm Dec 17, 2008 4:20pm
Quoting cisco
You must be on Geist Reservoir then. I used to fish there when I was young.
I am on Geist, 113th and Olio to be exact. You wouldn't recognize it today. It's changed so much! 116th is now 4 lanes from Fishers through Carmel.
Just digging in the trenches like everyone else!
  • #107,687
  • Dec 17, 2008 4:20pm Dec 17, 2008 4:20pm
About time for shorts, isn't it?
Hi, my name is Barry and you can keep your doctor...
  • #107,688
  • Dec 17, 2008 4:24pm Dec 17, 2008 4:24pm
Quoting eohater
I am on Geist, 113th and Olio to be exact. You wouldn't recognize it today. It's changed so much! 116th is now 4 lanes from Fishers through Carmel.
I'm originally from Beech Grove. Back in the 50's and early 60's Geist Reservoir was considered way, way out in the country. That whole area has really grown.

I moved to Florida in 87. I haven't experienced snow since...and I don't miss it a bit!
Hi, my name is Barry and you can keep your doctor...
  • #107,689
  • Dec 17, 2008 4:27pm Dec 17, 2008 4:27pm
Quoting cisco
I'm originally from Beech Grove. Back in the 50's and early 60's Geist Reservoir was considered way, way out in the country. That whole area has really grown.

I moved to Florida in 87. I haven't experienced snow since...and I don't miss it a bit!
I'm jealous! I've been considering moving, the problem is the kids and education. Plus, the wife and I cannot agree on where to move to. So, for now, we'll stay put and take it as it comes.

It's starting to snow as I type!
Just digging in the trenches like everyone else!
  • #107,690
  • Dec 17, 2008 4:28pm Dec 17, 2008 4:28pm
Quoting cisco
About time for shorts, isn't it?
I put a couple on once we got out of triple interest.
Just digging in the trenches like everyone else!
  • #107,691
  • Dec 17, 2008 4:34pm Dec 17, 2008 4:34pm
Quoting eohater
I'm jealous! I've been considering moving, the problem is the kids and education. Plus, the wife and I cannot agree on where to move to. So, for now, we'll stay put and take it as it comes.

It's starting to snow as I type!
I'm in Ocala. Ocala is kind of centrally located. We're about an hour north of Orlando, an hour west of Daytona and a half hour south of the U of Florida. It's a good location. We've got about 600 thoroughbred horse farms around the area. It's a nice place to live.

When I first moved here I lived in the W Palm Beach area. Two years of that was enough. Way too crowded!
Hi, my name is Barry and you can keep your doctor...
  • #107,692
  • Dec 17, 2008 4:44pm Dec 17, 2008 4:44pm
Quoting cisco
I'm originally from Beech Grove. Back in the 50's and early 60's Geist Reservoir was considered way, way out in the country. That whole area has really grown.

I moved to Florida in 87. I haven't experienced snow since...and I don't miss it a bit!
Gotta love the SUNSHINE STATE!!.........
  • #107,693
  • Dec 17, 2008 4:47pm Dec 17, 2008 4:47pm
Quoting eohater
I put a couple on once we got out of triple interest.
Shorts are closed out. I'll take my quick 30 and run!

Tonight is guys night out, but I should be on for the end of the Asian session and London Open.

Trade well everyone!
EO
Just digging in the trenches like everyone else!
  • #107,694
  • Dec 17, 2008 4:49pm Dec 17, 2008 4:49pm
Quoting AmeriTrini
Gotta love the SUNSHINE STATE!!.........
The best part...no state income taxes!
Hi, my name is Barry and you can keep your doctor...
  • #107,695
  • Dec 17, 2008 5:30pm Dec 17, 2008 5:30pm
Quoting eohater
http://msnbcmedia1.msn.com/i/msnbc/C...rt/APTRANS.gif updated 2 hours, 41 minutes ago

ORAN, Algeria - OPEC on Wednesday agreed to slash 2.2 million barrels from its daily production — its single largest cut ever — while bloc outsiders Russia and Azerbaijan announced their own cutbacks of hundreds of thousands of barrels from the market. ......

The article goes on from here. Now, where are my oil shares going to now? They went below $40 earlier today. I want $60 by the end of the year.
40% of my shares are BP

7.5% yield

have faith

diversification is for the confused
  • #107,696
  • Dec 17, 2008 5:33pm Dec 17, 2008 5:33pm
Quoting cisco
The best part...no state income taxes!
spent all last winter in safety harbor florida

no state income tax but mega house insurance and property tax

This god forsaken dump they call east washington is the best place to be - still no state income tax and other taxes are peanuts


monthly electric bill for all electric house in use 24 hours is 38 bucks (hydro electric supplier)

who needs a life if they are saving money
  • #107,697
  • Dec 17, 2008 6:44pm Dec 17, 2008 6:44pm
What now guys ?
Bullish or bearish ?
I still think it's bullish
  • #107,698
  • Edited 7:15pm Dec 17, 2008 7:07pm | Edited 7:15pm
Quoting gagakrimba
What now guys ?
Bullish or bearish ?
I still think it's bullish
Not while Eur/GBP tests todays highs...
  • #107,699
  • Edited 8:51pm Dec 17, 2008 8:33pm | Edited 8:51pm
Quoting gagakrimba
What now guys ?
Bullish or bearish ?
I still think it's bullish
Review the price action from Monday, Asian session - a bit up, London session - down, US session up again !
She is seating a bit above monthly pivot now. 1000 pips movement up and down pass the MP is possible. Already staying 1000 pips below MP in the current month, therefore highly possible now she will reverse up to stay above MP till 1000 pips !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #107,700
  • Dec 17, 2008 8:43pm Dec 17, 2008 8:43pm
We are moving sideways according to DailyFX Plus.
"The trend is your friend, until the end."
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