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    • coolhand replied Sep 19, 2007

      cesarnc, i have to strongly agree. my 4 hr charts are starting to roll over short now. we could see a repeat of the past week starting tomorrow into next week. maybe uk retail sales tomorrow will seal the deal. another 300 pips would be nice!

      Cable Update (GBPUSD)
    • coolhand replied Sep 18, 2007

      Just for the record, I went short at 2.0280 last week on Thursday and got my signal to close this morning at 8:00 am my time, Chicago, at 1.9967. I was hoping for 1.9800, but not enough steam this time. The support at 1.9880 could not be broken. ...

      Cable Update (GBPUSD)
    • coolhand replied Sep 18, 2007

      Today has been my kind of day. Just trading between the pivots. Main pp at 1.9984 and S1 at 1.9877. Cable has been bouncing between the lines since the asian open. I love it! Easy pips as long as you get in in the right direction.

      Cable Update (GBPUSD)
    • coolhand replied Sep 17, 2007

      All good questions bohogirl. I wish I had the answer. If I did I'd let you in on it and we could both make a bundle. I can't speak for sterling but I do know that with all the debt the US has floating, it would be in the interest of everyone NOT to ...

      Cable Update (GBPUSD)
    • coolhand replied Sep 17, 2007

      LOL! I beleive the BOE is in a similar situation as the Fed. With the mortgage banking problems in both the US and UK, they may have no choice but to start to cut rates regardless of inflation pressures.

      Cable Update (GBPUSD)
    • coolhand replied Sep 17, 2007

      Nice. Great minds think alike! I don't have a target yet. I let my chart tell me when to exit. I hope you're right, 1.98 would make for a nice payday! Of course, Greenspan could get a hemmorhoid attack and it all could change, LOL!

      Cable Update (GBPUSD)