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Cable Update (GBPUSD)

  • #274,161
  • Mar 16, 2011 5:02am Mar 16, 2011 5:02am
back to the box its a nice to walk the dog enjoy the ride
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  • #274,162
  • Mar 16, 2011 5:05am Mar 16, 2011 5:05am
Quoting free4440273
short - heavy - from 1.0692
nasty ! but nice !
  • #274,163
  • Mar 16, 2011 5:10am Mar 16, 2011 5:10am
Quoting free4440273
nasty ! but nice !
oooh good one. Some volume seems to be kicking in at 1.6060 (38.2) watch it give in hard or reverse.
  • #274,164
  • Edited 8:38am Mar 16, 2011 5:10am | Edited 8:38am
Will 3/11 tragedy put brakes on new nuclear plants in US?

In the US, while the coal and gas electricity industry is projected to be worth $85 billion by 2013, nuclear power generators are forecast to be worth $18 billion.

http://en.wikipedia.org/wiki/Nuclear_power

Do you believe investors will walk away from new nuclear plants in US due to fallout from 3/11 tragedy in Japan?

Ranking Member Markey on Nuclear power plants near fault lines

Inserted Video



Put brakes on new U.S. nuclear plants: Lieberman

Sen. Joe Lieberman (I-Conn.) is calling for a halt to permitting for new U.S. nuclear power plants until the scenarios that led to the serious reactor problems in Japan are determined.

" I think we've got to kind of quietly -- quickly put the brakes on until we can absorb what has happened in Japan as a result of the earthquake and the tsunami and then see what more, if anything, we can demand of the new power plants that are coming on line," Lieberman said Sunday on CBS's "Face the Nation."

http://www.politico.com/blogs/politi...ar_plants.html#
  • #274,165
  • Mar 16, 2011 5:11am Mar 16, 2011 5:11am
Quoting SerpentDove
I just don't understand the big fight in the middle of the range, seems silly. If they really wanted to short it they would so from much higher wouldn't they?

If they really wanted to buy, lower, but slapping each other with contracts back and for for half an hour and not going anywhere, well it's hard not to whine about it.
Looks like the bears won this particular fight
  • #274,166
  • Mar 16, 2011 5:12am Mar 16, 2011 5:12am
Quoting profitt
Will 3/11 tragedy put breaks on new nuclear plants in US?

Do you believe investors will walk away from new nuclear plants in US due to fallout from 3/11 tragedy in Japan?

Ranking Member Markey on Nuclear power plants near fault lines

http://www.youtube.com/watch?v=tmxzh...embedded#at=26


Put brakes on new U.S. nuclear plants: Lieberman

Sen. Joe Lieberman (I-Conn.) is calling for a halt to permitting for new U.S. nuclear power plants until the scenarios that led to the serious reactor problems in Japan...
Please start your own thread on this subject.
  • #274,167
  • Mar 16, 2011 5:14am Mar 16, 2011 5:14am
Quoting free4440273
short - heavy - from 1.0692
exit 1.0659
  • #274,168
  • Mar 16, 2011 5:21am Mar 16, 2011 5:21am
Quoting free4440273
exit 1.0659

That's about as clean a single trade can get, no whiplash and money in the pocket.
  • #274,169
  • Mar 16, 2011 5:22am Mar 16, 2011 5:22am
Quoting SerpentDove
That's about as clean a single trade can get, no whiplash and money in the pocket.
thanks Serpent, very kind of u sir
  • #274,170
  • Mar 16, 2011 5:26am Mar 16, 2011 5:26am
When all news is good for UK, and then why GU going down ?
Any strange is possible in trading...
But I still hope on 6200... Thanks God will make it...
  • #274,171
  • Mar 16, 2011 5:33am Mar 16, 2011 5:33am
Quoting untusoft
When all news is good for UK, and then why GU going down ?
Any strange is possible in trading...
But I still hope on 6200... Thanks God will make it...
Is it all good news? Economy contracted at the end of last year (-0.6%), total unemployment went up from 7.9% to 8.0%. A threat of double-dip recession is a reality and the BoE are holding steadfast and not wanting to raise interest rates for fear of damaging the small green shoots of recovery. Look at the whole picture... not just individual numbers!
  • #274,172
  • Mar 16, 2011 5:41am Mar 16, 2011 5:41am
Quoting bbakker
Is it all good news? Economy contracted at the end of last year (-0.6%), total unemployment went up from 7.9% to 8.0%. A threat of double-dip recession is a reality and the BoE are holding steadfast and not wanting to raise interest rates for fear of damaging the small green shoots of recovery. Look at the whole picture... not just individual numbers!
Gee.. thanks...
So I did wrong path ... sigh...
  • #274,173
  • Mar 16, 2011 5:59am Mar 16, 2011 5:59am
Quoting untusoft
Gee.. thanks...
So I did wrong path ... sigh...
Well not really. If you look at the higher timeframes, this pair is currently ranging because of the uncertainty as to which way the UK economy is going. When it is ranging I use TA to determine good entry points for both longs and shorts. I also ensure that I take profit off the table with realistic targets. I have no long-term trades on this pair as of now, although I missed the short at 1.6340, which I would have had as a long-term trade, but hey... you can't win them all!
  • #274,174
  • Mar 16, 2011 6:10am Mar 16, 2011 6:10am
Quoting untusoft
Gee.. thanks...
So I did wrong path ... sigh...

I've been long at 1.6088 for the last 3.5 hours aiming at 240 so you are not alone in your sighing.
  • #274,175
  • Edited 6:43am Mar 16, 2011 6:32am | Edited 6:43am
Quoting SerpentDove
I've been long at 1.6088 for the last 3.5 hours aiming at 240 so you are not alone in your sighing.
If you look at my charts that I posted -

http://www.forexfactory.com/showthre...29#post4474029

http://www.forexfactory.com/showthre...80#post4475080

We are in a short-term downtrend making lower highs with the demand level just below 1.6 holding up this pair. This is why I am still GU bearish. I think this demand level might hold again, but I will watch how PA reacts to it.... IF we get down there again! 1.6047 is key! Looks like 1.6078 is previous support that has now turned into resistance. We are going to bounce up and down in here... scalpers paradise!
  • #274,176
  • Mar 16, 2011 6:42am Mar 16, 2011 6:42am
Quoting bbakker
If you look at my charts that I posted -

http://www.forexfactory.com/showthre...29#post4474029

http://www.forexfactory.com/showthre...80#post4475080

We are in a short-term downtrend making lower highs with the demand level just below 1.6 holding up this pair. This is why I am still GU bearish. I think this demand level might hold again, but I will watch how PA reacts to it.... IF we get down there again! 1.6047 is key!
Ah HA! So it's your stops I'm hungry for!



bah. watching this is chaffing, I'm gonna head into town and do some grocery shopping.
  • #274,177
  • Mar 16, 2011 6:52am Mar 16, 2011 6:52am
Quoting SerpentDove
Ah HA! So it's your stops I'm hungry for!



bah. watching this is chaffing, I'm gonna head into town and do some grocery shopping.
You can have my stop as I have moved it down to 1.6085 and locked in profit. What is the point of giving back to the market if it decides to break through the resistance. I have already scaled out of this position, so for me this is already a winning trade
  • #274,178
  • Mar 16, 2011 7:04am Mar 16, 2011 7:04am
Quoting bbakker
You can have my stop as I have moved it down to 1.6085 and locked in profit. What is the point of giving back to the market if it decides to break through the resistance. I have already scaled out of this position, so for me this is already a winning trade
I am out! A nice trade for me this morning... back to work. See you later peeps.
  • #274,179
  • Mar 16, 2011 7:07am Mar 16, 2011 7:07am
Quoting profitt
Gundersen: But the nasty isotopes — the cesium and strontium will remain for 30 years. And they’re volatile. Within 90 days, the iodine health risks will disappear, because that will decay away.

After Three Mile Island, strontium was detected 150 miles away from the reactor. That ends up in cow’s milk and doesn’t go away for 300 years. The releases from these plants will last for a year, and will contain elements that will remain in the environment for 300 years, even in the best case.

http://www.globalpost.com/dispatch/n...tdown-disaster...
Thanks,very informative.
  • #274,180
  • Mar 16, 2011 7:10am Mar 16, 2011 7:10am
Quoting untusoft
When all news is good for UK, and then why GU going down ?
Any strange is possible in trading...
But I still hope on 6200... Thanks God will make it...
Don't worry GBP loves good news,it's taking it's time today but she should go up.
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