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Cable Update (GBPUSD)

  • #172,421
  • Oct 2, 2009 6:37am Oct 2, 2009 6:37am
Quoting GlobalMacro
Man, there's no joking when it comes to open girls' shorts for the weekend....LOL

I'd take couple of them upstairs waiting.....you know....just in case....
lool... sound like PLAN "B" to me.....................
  • #172,422
  • Oct 2, 2009 6:37am Oct 2, 2009 6:37am
Although a lot can happen in 25 minutes, I'm liking this 8H. A close below 5850 would be sweet IMHO.
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Ghost Rider - WWTBMD?
  • #172,423
  • Oct 2, 2009 6:37am Oct 2, 2009 6:37am
updated levels.
cci12
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  • #172,424
  • Oct 2, 2009 6:38am Oct 2, 2009 6:38am
The British pound saw choppy price action throughout overnight trading as markets were relatively quiet ahead of the U.S. non-farm payroll report but has begun to get heavy as we approach the release. Sterling saw early weakness despite the Nationwide Building Society reporting house prices rose for a fifth month by 0.9% surpassing estimates of 0.7%. Despite increasing values Britons still saw fit to inject 7.0 billion into home equity which is evidence that consumer are continuing to retrench. Meanwhile, the construction PMI reading unexpectedly fell to 46.7 from 47.7 adding to concerns that growth will flatten once government stimulus abates.

The prevailing concern is that consumer consumption will remain weak as long as the labor market has trouble finding its footing. The fact that Britons prefer to save money and invest in their homes rather than fund vacations and purchases of durable goods such as cars and appliances will limit the scope of the recovery. The BoE continues to express concerns over the difficulty for consumer and small businesses to obtain credit because of the implications for domestic growth. Therefore, the possibility of more quantitative easing is alive and may continue to weigh in the pound. Support is ahead at 1.5701-38.2% Fibo of 135.10-1.7045 but we could ultimately see a test of the 200-Day SMA at 1.5434.

source: Dailyfx.com
ex member
  • #172,425
  • Oct 2, 2009 6:38am Oct 2, 2009 6:38am
hello fellow traders

this will be my first post, and i would like to join this discussion after having a long time reading especially wormboy, navin and others discussing

as far as i concern, cable going south, but i dont know how strong will it be?

do i too late to place a position right now?

enlighten me please
  • #172,426
  • Oct 2, 2009 6:42am Oct 2, 2009 6:42am
Quoting Bull_Bear
Hey crew..... made it back before the big show.

Wots doin fellas...
Wassup BB...
I'm ready to hit the road for the weekend...
Hear the music before the song is over ...
  • #172,427
  • Oct 2, 2009 6:43am Oct 2, 2009 6:43am
Quoting Piters
well mate..
looking on weekly/daily.. a very common pattern is when Up Trend ending with a nice H/S or Double top Pattern formation.. that is a REVERSAL.. not a retrace..

so..
YES, you may be right when bidding on levels below 1.5
yes resumption of the actual trend..but i aint ready for that kind of play yet. I just thinking 1.50 area is a good place to some great support for a move up then we dive lower depending on PA

Shows we could have quite a move here
  • #172,428
  • Oct 2, 2009 6:43am Oct 2, 2009 6:43am
Quoting Bull_Bear
Nice work on the short call yesterday Piters
thnks mate..

btw.. where from downunder ??
  • #172,429
  • Oct 2, 2009 6:45am Oct 2, 2009 6:45am
Quoting egkid
Hey bro
From where u have short?
what's ur plan?

short from 1.61049 ....plan to see what happens at 1.57..looking for a dailly close below this level then i will hold to 1.53- 1.50 area
  • #172,430
  • Oct 2, 2009 6:46am Oct 2, 2009 6:46am
nav whats up bro?
  • #172,431
  • Oct 2, 2009 6:46am Oct 2, 2009 6:46am
Quoting GlobalMacro
Wassup BB...
I'm ready to hit the road for the weekend...
Last weekend before my girls folks head home, party....

Back to my friday beer routine

You not hang'n around till the main event? Sounds like you made enough beer money
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #172,432
  • Oct 2, 2009 6:47am Oct 2, 2009 6:47am
Quoting Piters
thnks mate..

btw.. where from downunder ??
Sydney bro, you?
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #172,433
  • Oct 2, 2009 6:48am Oct 2, 2009 6:48am
Quoting Bull_Bear
Sydney bro, you?
same
  • #172,434
  • Oct 2, 2009 6:49am Oct 2, 2009 6:49am
So, basically what you're saying is that it will go up or down,...gee thanks for that.

Quoting cci12
updated levels.
cci12
Attachment

Attachment
ex member
  • #172,435
  • Oct 2, 2009 6:50am Oct 2, 2009 6:50am
Quoting bbmac
The British pound saw choppy price action throughout overnight trading as markets were relatively quiet ahead of the U.S. non-farm payroll report but has begun to get heavy as we approach the release. Sterling saw early weakness despite the Nationwide Building Society reporting house prices rose for a fifth month by 0.9% surpassing estimates of 0.7%. Despite increasing values Britons still saw fit to inject 7.0 billion into home equity which is evidence that consumer are continuing to retrench. Meanwhile, the construction PMI reading unexpectedly...

yup i agree, every1 i know isnt spending shit..
  • #172,436
  • Oct 2, 2009 6:50am Oct 2, 2009 6:50am
Quoting Piters
same
Good know another fellow Aussie
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #172,437
  • Oct 2, 2009 6:53am Oct 2, 2009 6:53am
Quoting cci12
updated levels.
cci12
Attachment

Attachment
Same question as last time you didn't answer. What's so "magic" about them?

One more, What's your current trade position? Long, short, from where?

Or are you making a feeble attempt to "sell" your "magic" system?
Ghost Rider - WWTBMD?
  • #172,438
  • Oct 2, 2009 6:53am Oct 2, 2009 6:53am
Quoting bbmac
So, basically what you're saying is that it will go up or down,...gee thanks for that.
....
Ghost Rider - WWTBMD?
  • #172,439
  • Oct 2, 2009 6:53am Oct 2, 2009 6:53am
  •  sloof
  • | Joined Apr 2009 | Status: Birejji (ビレッジ) ►FOREX◄ | 141 Posts
Quoting bbmac
So, basically what you're saying is that it will go up or down,...gee thanks for that.
It's not going up OR down... it will go up AND down =)
  • #172,440
  • Oct 2, 2009 6:54am Oct 2, 2009 6:54am
Quoting Bull_Bear
Last weekend before my girls folks head home, party....

Back to my friday beer routine

You not hang'n around till the main event? Sounds like you made enough beer money

Wow! now that's good news....

yup....closing up shop early....was heavy long usdx, light short cable...made a good chunk trading ES and crude....flat now everywhere

time to get re-energized.....

Cheers buddy...
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Hear the music before the song is over ...
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