Verily, in every difficulties there is relief
Cable Update (GBPUSD)
- #244,781
- Aug 11, 2010 3:43am Aug 11, 2010 3:43am
- | Joined May 2008 | Status: Ad Astra Per Aspera | 1,741 Posts
- #244,782
- Aug 11, 2010 3:44am Aug 11, 2010 3:44am
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
Well, it is a funny old battle between the fundies and the techies. All the news is pretty stellar from the UK, especially if you compare it to the US and the EU. The daily had its 50 retrace, now if we can get a technical support to help out the fundies 61 would be most likely as long as that 60 option barrier has expired. However technically she wants to dig a bit deeper. This whole inflation report has been so hyped up, but the rest of the news is not supporting it so far.
Anything's possible.
'The Federal Reserve’s decision to buy Treasuries and keep interest rates low will support “risk assets” without bringing down unemployment, said Anthony Crescenzi at Pacific Investment Management Co.
“Low volatility tends to be good for the interest-rate climate,” said Crescenzi, who is based in Newport Beach, California at Pimco, manager of the world’s biggest bond fund. “It does push investors out the risk spectrum generally. That tends to be good for risk assets.”
http://www.bloomberg.com/news/2010-0...mployment.html...
Till that happens, I'll be happy to just press one button - sell
Thank You
- #244,783
- Aug 11, 2010 3:44am Aug 11, 2010 3:44am
- | Joined May 2009 | Status: Focus + Patience = Pip$ | 1,513 Posts
*******************
I'd rather make money than be right. 
- #244,785
- Aug 11, 2010 3:46am Aug 11, 2010 3:46am
- | Joined May 2008 | Status: Ad Astra Per Aspera | 1,741 Posts
well i'm funnymentally stupid. technically cable is still below the w1 pvp. even the spike yesterday stopped & closed below the w1 pvp. So, my take is only a bullish close on the htf, D1 preferably could signal a possible climb that high.
Till that happens, I'll be happy to just press one button - sell
as long as H4 closed below 821 were in selling modeelse buy buy (read : bye bye) cable
Verily, in every difficulties there is relief
- #244,786
- Aug 11, 2010 3:47am Aug 11, 2010 3:47am
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
Good day to you,
Junior is preparing....
Trade well
Regards
my junior have dragon tats
Thank You
- #244,787
- Aug 11, 2010 3:48am Aug 11, 2010 3:48am
- | Additional Username | Joined Sep 2009 | 8,623 Posts
- #244,788
- Aug 11, 2010 3:49am Aug 11, 2010 3:49am
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
else buy buy (read : bye bye) cable
but what's 59 pips between friends. some people would give away 400-500 pips retraces
Thank You
- #244,789
- Aug 11, 2010 3:50am Aug 11, 2010 3:50am
- | Joined May 2009 | Status: Focus + Patience = Pip$ | 1,513 Posts
*******************
I'd rather make money than be right.
- #244,790
- Aug 11, 2010 3:50am Aug 11, 2010 3:50am
- Joined Oct 2009 | Status: Trader | 15,211 Posts
880 on mine.
but what's 59 pips between friends. some people would give away 400-500 pips retraces
- #244,791
- Aug 11, 2010 3:50am Aug 11, 2010 3:50am
- | Joined Oct 2008 | Status: A witty saying proves nothing. | 1,178 Posts
Probability Professor
- #244,793
- Aug 11, 2010 3:51am Aug 11, 2010 3:51am
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
Thank You
- #244,794
- Aug 11, 2010 3:52am Aug 11, 2010 3:52am
- | Joined Oct 2008 | Status: A witty saying proves nothing. | 1,178 Posts
880 on mine.
but what's 59 pips between friends. some people would give away 400-500 pips retraces
Probability Professor
- #244,795
- Aug 11, 2010 3:52am Aug 11, 2010 3:52am
- | Joined May 2008 | Status: Ad Astra Per Aspera | 1,741 Posts
880 on mine.
but what's 59 pips between friends. some people would give away 400-500 pips retraces
so that i assume 880 as a fakey
Verily, in every difficulties there is relief
- #244,796
- Aug 11, 2010 3:53am Aug 11, 2010 3:53am
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
877 here
Thank You
- #244,797
- Aug 11, 2010 3:54am Aug 11, 2010 3:54am
- Joined Jan 2009 | Status: Per Aspera Ad Astra | 6,262 Posts
Is that kill's baby??
No - it's baby going for the kill
Seriously though.
I am leaving for a trip out into the winelands for the remainder of the day. Unfortunately work related. So will only see where we are later today. I still maintain a preference for the downside, though.
I wish you all great success
Trade well
Warm regards
- #244,798
- Aug 11, 2010 3:54am Aug 11, 2010 3:54am
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
Thank You
- #244,799
- Aug 11, 2010 3:55am Aug 11, 2010 3:55am
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
I know some people who have been holding on to USD/JPY positions from 110 for over a couple of years; it can only go down so far, right...
Thank You
- #244,800
- Aug 11, 2010 3:55am Aug 11, 2010 3:55am
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
Thank You