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Cable Update (GBPUSD)

  • #185,921
  • Dec 3, 2009 10:51pm Dec 3, 2009 10:51pm
Quoting Scrmnegl
Where do you get your live dollar index charting?
FOREX LTD I always have the danm thing open on another comp. Good to see what the heck happining in the market
The finest tool in the world still needs a MAN who KNOWS how to use it.
  • #185,922
  • Dec 3, 2009 10:53pm Dec 3, 2009 10:53pm
Quoting samdani786
FOREX LTD I always have the danm thing open on another comp. Good to see what the heck happining in the market

Is that a platform or just a url?
  • #185,923
  • Dec 3, 2009 10:53pm Dec 3, 2009 10:53pm
Quoting samirjindal
where do yo see this going up to
I think the dollar index is holding right there for now. Looks like low volume test
The finest tool in the world still needs a MAN who KNOWS how to use it.
  • #185,924
  • Dec 3, 2009 10:54pm Dec 3, 2009 10:54pm
Quoting Scrmnegl
Is that a platform or just a url?
Its a platform just like IBFX. Download the demo account plateform MT4
The finest tool in the world still needs a MAN who KNOWS how to use it.
  • #185,925
  • Dec 3, 2009 10:56pm Dec 3, 2009 10:56pm
Quoting samdani786
Its a platform just like IBFX. Download the demo account plateform MT4
you can even see indices there too
The finest tool in the world still needs a MAN who KNOWS how to use it.
  • #185,926
  • Dec 3, 2009 11:03pm Dec 3, 2009 11:03pm
I'm getting rocked on this one...50 pips in the hole
  • #185,927
  • Dec 3, 2009 11:07pm Dec 3, 2009 11:07pm
I'm seeing possible heavy resistance at 1.6600. I have a daily pivot and a fib line there. Sorry no charts writing from my linux box. The fib is from 1.5704 and 1.6805.
  • #185,928
  • Dec 3, 2009 11:08pm Dec 3, 2009 11:08pm
this is what Cable Bears dont like to see
Attached Image (click to enlarge)
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The finest tool in the world still needs a MAN who KNOWS how to use it.
  • #185,929
  • Dec 3, 2009 11:09pm Dec 3, 2009 11:09pm
volume
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  • #185,930
  • Dec 3, 2009 11:09pm Dec 3, 2009 11:09pm
Quoting Scrmnegl
I'm getting rocked on this one...50 pips in the hole
I took a neg 40 yesterday...tripped out @ s/l

I feel yer pain brother. Lotsa pips still available on the week.



Ya know what they say...

Don't Sweat the petty stuff,
And
Don't pet the sweaty stuff...
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #185,931
  • Dec 3, 2009 11:09pm Dec 3, 2009 11:09pm
Sorry the fib is from 1.5704 to 1.6875.
  • #185,932
  • Dec 3, 2009 11:10pm Dec 3, 2009 11:10pm
Well yesterdays trade went perfectly, well on paper anyway, I bottled it earlier and did not stick all the way down to 16540, but still got a good number of pips in the bag

Today is going to be interesting, we broke out of the bottom of the ascending channel, but have now rallied back to the lower line, which is also very close to the descending channel upper line. I am looking for a big drop from here, but going to have tight stops in the 16630 region.

http://i48.tinypic.com/33tiflg.gif
  • #185,933
  • Dec 3, 2009 11:10pm Dec 3, 2009 11:10pm
Quoting thetruthspy
im thinking bout some retracement at 1.6525/1.6510....
retrace to 1.6590/1.6616,then head to south again..
but yes, if pass 1.6510, 1.6495 would be a nice place to arrive.

But i missed this move while in toilet...lol
  • #185,934
  • Dec 3, 2009 11:11pm Dec 3, 2009 11:11pm
Hi everyone, maybe the spike up has got something to do with this...happy reading.

[b][i]By John Fraher and Frances Robinson
Dec. 4 (Bloomberg) -- European Central Bank President Jean-
Claude Trichet is withdrawing stimulus measures faster than
economists anticipated, clearing obstacles to higher interest
rates next year.
The ECBs decision yesterday to end long-term emergency
loans and tighten the terms of its final 12-month tender will
give greater traction to any rate increases in 2010 should
policy makers deem them necessary.
The ECB chose a quicker exit path, said Laurent Bilke,
a former ECB economist now at Nomura International Plc in
London. Its very difficult not to think its the beginning of
a tightening process.
The move to tie the rate on the 12-month loans to the ECBs
key rate rather than setting a fixed rate of 1 percent means any
increase in the benchmark will also affect banks funding costs.
While Trichet said the move doesnt signal the ECB intends to
raise rates, some officials are concerned that leaving borrowing
costs at a record low for too long will fuel asset bubbles and
faster inflation.
  • #185,935
  • Dec 3, 2009 11:11pm Dec 3, 2009 11:11pm
Quoting forexlion
volume
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Blogging daily now at www.volume.zone
  • #185,936
  • Dec 3, 2009 11:13pm Dec 3, 2009 11:13pm
I guess if it breaks 00 I'm out
  • #185,937
  • Dec 3, 2009 11:15pm Dec 3, 2009 11:15pm
Quoting thetruthspy

But i missed this move while in toilet...lol

Good call on that one boss
  • #185,938
  • Dec 3, 2009 11:15pm Dec 3, 2009 11:15pm
Quoting 3dragz
I'm seeing possible heavy resistance at 1.6600. I have a daily pivot and a fib line there. Sorry no charts writing from my linux box. The fib is from 1.5704 and 1.6805.

Yeah, I have the 38 fib line around there, just closed my long for +30 pips...will wait and see what happens next
The hardest way to make an easy living.....
  • #185,939
  • Dec 3, 2009 11:16pm Dec 3, 2009 11:16pm
as long as 1.6600 holds we see 1.6350 ish

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Blogging daily now at www.volume.zone
  • #185,940
  • Dec 3, 2009 11:20pm Dec 3, 2009 11:20pm
sold 1.6585 sL 1.6610
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
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