QuoteDislikeddo you think about hi is a long term long up ?
Yes but at the moment at some point of time point profit booking needs to come.
It started off yesterday evening but nothing great happened as bulls are not willing to leave so easily.
Cable Update (GBPUSD)
- #183,562
- Nov 18, 2009 1:21am Nov 18, 2009 1:21am
- Joined Mar 2007 | Status: 'sleeping in a dumpster' | 2,151 Posts
- #183,563
- Nov 18, 2009 1:22am Nov 18, 2009 1:22am
- | Joined Nov 2008 | Status: Everyone Breaks Even. | 2,296 Posts
- #183,564
- Nov 18, 2009 1:22am Nov 18, 2009 1:22am
- | Joined Jan 2009 | Status: Trader | 1,067 Posts
i think the big boys are laughing themselves silly knowing that there are so many (some here) who think they seriously know which way this is going 
- #183,567
- Nov 18, 2009 1:28am Nov 18, 2009 1:28am
- | Joined Nov 2008 | Status: Everyone Breaks Even. | 2,296 Posts
- #183,568
- Nov 18, 2009 1:31am Nov 18, 2009 1:31am
- | Joined Dec 2007 | Status: Trader | 3,220 Posts
We have a few conflicting signals - which normally market is uncertain as to is taking charge. Gator is fairly wide open at day so that usally means no urgency but 1 hr looks mean and hungry. 1hr Stoch shows bull with bull reversal at 5am and day aproaching ob. So I'm sitting tight at present
I only trade XAU/USD. Based on USD news & Fib SR & BB20
- #183,569
- Nov 18, 2009 1:40am Nov 18, 2009 1:40am
- | Joined Dec 2007 | Status: Trader | 3,220 Posts
I only trade XAU/USD. Based on USD news & Fib SR & BB20
- #183,570
- Nov 18, 2009 1:41am Nov 18, 2009 1:41am
If anyone of you know, if there is a possibility that the Pound can fall like in September 1992? It was a George Soros time.
I am so worry..
In British politics and economics, Black Wednesday refers to the events of 16 September 1992 when the Conservative government was forced to withdraw the pound from the European Exchange Rate Mechanism (ERM) after they were unable to keep sterling above its agreed lower limit. The most high profile of the currency market investors, George Soros, made over US$1 billion profit by short selling sterling. In 1997 the UK Treasury estimated the cost of Black Wednesday at £3.4 billion.
The trading losses in August and September were estimated at £800m, but the main loss to taxpayers arose because the devaluation could have made them a profit. The papers show that if the government had maintained $24bn foreign currency reserves and the pound had fallen by the same amount, the UK would have made a £2.4bn profit on sterling's devaluation.[1] Newspapers also revealed that the Treasury spent £27bn of reserves in propping up the pound.
I am so worry..
In British politics and economics, Black Wednesday refers to the events of 16 September 1992 when the Conservative government was forced to withdraw the pound from the European Exchange Rate Mechanism (ERM) after they were unable to keep sterling above its agreed lower limit. The most high profile of the currency market investors, George Soros, made over US$1 billion profit by short selling sterling. In 1997 the UK Treasury estimated the cost of Black Wednesday at £3.4 billion.
The trading losses in August and September were estimated at £800m, but the main loss to taxpayers arose because the devaluation could have made them a profit. The papers show that if the government had maintained $24bn foreign currency reserves and the pound had fallen by the same amount, the UK would have made a £2.4bn profit on sterling's devaluation.[1] Newspapers also revealed that the Treasury spent £27bn of reserves in propping up the pound.
- #183,573
- Nov 18, 2009 1:46am Nov 18, 2009 1:46am
If anyone of you know, if there is a possibility that the Pound can fall like in September 1992? It was a George Soros time.
I am so worry..
In British politics and economics, Black Wednesday refers to the events of 16 September 1992 when the Conservative...
Trade Like a Robot make money Like a Bank
- #183,576
- Nov 18, 2009 1:54am Nov 18, 2009 1:54am
If anyone of you know, if there is a possibility that the Pound can fall like in September 1992? It was a George Soros time.
I am so worry..
In British politics and economics, Black Wednesday refers to the events of 16 September 1992 when the Conservative...
what is your positions ?
its touch 6792 so I Am sure that will touch 6771 soon
- #183,577
- Nov 18, 2009 1:56am Nov 18, 2009 1:56am
- | Joined Nov 2008 | Status: Everyone Breaks Even. | 2,296 Posts
- #183,578
- Nov 18, 2009 2:01am Nov 18, 2009 2:01am
- | Commercial User | Joined Oct 2008 | 5,712 Posts
...come i make a joking and add another 4 entry of short at 6805 with total 12 entry at this 6800 area 
- #183,579
- Nov 18, 2009 2:15am Nov 18, 2009 2:15am
- Joined Mar 2008 | Status: Fooled by randomness | 8,362 Posts
When life gives you lemons, make lemonade
