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Cable Update (GBPUSD)

  • #227,361
  • May 18, 2010 2:27pm May 18, 2010 2:27pm
Quoting OldReigatian
Yep

Reckon 220 pip move at end of US session demands a retrace during asia. Reckon its reasonably safe.....but....................

one dollar in u acc. better than 100 in the market
  • #227,362
  • May 18, 2010 2:29pm May 18, 2010 2:29pm
Attached Image
  • #227,363
  • May 18, 2010 2:30pm May 18, 2010 2:30pm
newbie rule

I have the patience to wait until I can take a ride for the green,

I must not be so impatient to re enter!!!!!!!!
  • #227,364
  • May 18, 2010 2:35pm May 18, 2010 2:35pm
2nd test of 43 failed, I am watching this one carefully, euro also failed the second test of the low and gold failed the test of the DP.
  • #227,365
  • May 18, 2010 2:37pm May 18, 2010 2:37pm
Just hovering above yesterday mornings very early low, are we likely to test 143** or retrace?
Thoughts for a newbie and why?
  • #227,366
  • May 18, 2010 2:40pm May 18, 2010 2:40pm
Quoting cloggie
2nd test of 43 failed, I am watching this one carefully, euro also failed the second test of the low and gold failed the test of the DP.
keep an eye on the dow if it breaks the low we are going deep south
  • #227,367
  • May 18, 2010 2:45pm May 18, 2010 2:45pm
closed for 33 pips off out for daily constitutional with the kids good luck all
  • #227,368
  • May 18, 2010 3:00pm May 18, 2010 3:00pm
Quoting kill56
keep an eye on the dow if it breaks the low we are going deep south
Just hitting the 20 pip runs for now till she makes up her mind, not going to anticipate a long here. Just take the 20, let it consolidate, rinse and repeat
  • #227,369
  • May 18, 2010 3:00pm May 18, 2010 3:00pm
dow is closing on the lows of the day...markets will be jittery tomorrow and throughout today with new EU rules...
  • #227,370
  • May 18, 2010 3:02pm May 18, 2010 3:02pm
Quoting uraceulose
dow is closing on the lows of the day...markets will be jittery tomorrow and throughout today with new EU rules...

The Germans are really hitting out at the hedge funds and the naked shorters even though it was primarily the bailed out banks that shorted treasury debt causing the run on the euro, kinda funny really.
  • #227,371
  • May 18, 2010 3:06pm May 18, 2010 3:06pm
Quoting cloggie
The Germans are really hitting out at the hedge funds and the naked shorters even though it was primarily the bailed out banks that shorted treasury debt causing the run on the euro, kinda funny really.
so true. no there's an article on bloomberg speaking of a SECOND bail out and how it's inevitable. I don't hold much truth to just the article but it's obvious that the first one wasn't what was needed to restore confidence.

How much will the euro be worth if they print another trillion? lol
  • #227,372
  • May 18, 2010 3:07pm May 18, 2010 3:07pm
Quoting uraceulose

How much will the euro be worth if they print another trillion? lol
They started last week buying up treasurey debt, just wonder how they are going to sterilise that.
  • #227,373
  • May 18, 2010 3:10pm May 18, 2010 3:10pm
So from what I read, the reason for the EU and cable drop came from german land?
  • #227,374
  • May 18, 2010 3:17pm May 18, 2010 3:17pm
I enjoyed collecting pips today with a drawdown of just 7 to 10 pips per trade

http://img208.imageshack.us/img208/8159/28897709.gif
  • #227,375
  • May 18, 2010 3:20pm May 18, 2010 3:20pm
Quoting uraceulose
so true. no there's an article on bloomberg speaking of a SECOND bail out and how it's inevitable. I don't hold much truth to just the article but it's obvious that the first one wasn't what was needed to restore confidence.

How much will the euro be worth if they print another trillion? lol
Toilet Paper will be costlier than the euro
  • #227,376
  • May 18, 2010 3:24pm May 18, 2010 3:24pm
Quoting forexlion
I enjoyed collecting pips today with a drawdown of just 7 to 10 pips per trade
happy for u bro u are now a hit and run member

but ever never say we gap up or down
  • #227,377
  • May 18, 2010 3:26pm May 18, 2010 3:26pm
rooom lets see where the dow open in a few
  • #227,378
  • May 18, 2010 3:28pm May 18, 2010 3:28pm
Quoting kill56
rooom lets see where the dow open in a few
??? what do you mean where it opens??
******************* I'd rather make money than be right.
  • #227,379
  • May 18, 2010 3:31pm May 18, 2010 3:31pm
Quoting 4xStar
??? what do you mean where it opens??

it dos close for 15m after @ 11.15 to 11.30 my time +2gmt now its open and also it dos close after one hour for 30m then open
  • #227,380
  • May 18, 2010 3:37pm May 18, 2010 3:37pm
Quoting kill56
it dos close for 15m after @ 11.15 to 11.30 my time +2gmt now its open and also it dos close after one hour for 30m then open
The NY Dow? I thought once it closed at 4pm NY time, it was closed until 9:30 am next morning .. you are saying it opens again after hours? That's the first I've heard of that...
******************* I'd rather make money than be right.
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