It's quiet tonight....hmmmm

Cable Update (GBPUSD)

Here's something I've been looking at tonight. Let's here everyone's thoughts. I know everyone is pushing long and I understand. I'm biased long myself, but let's look for a minute. Could this just be the outter channel support for the continuation ...

Cable Update (GBPUSD)

I agree with Lurker, we've all been there. Whatever the outcome, learn from it!

Cable Update (GBPUSD)

It's all a matter of time. I'm sure she will at some point, the million dollar question is when.

Cable Update (GBPUSD)

OIL

Cable Update (GBPUSD)

I don't know what your threshold is for pain, but if she breaks 1.882x, she's gone! As she looks right now, I'm expecting a little pull back to around 1.871x area possible.

Cable Update (GBPUSD)

What is your price your in at on GBP/USD?

Cable Update (GBPUSD)

This is from yesterday: "Goldman Sachs repeated its belief that oil will end 2008 at $149 a barrel"

Cable Update (GBPUSD)

I like it! You've made a good point: "are we setting up for a mother of a fall" We very well could be.

Cable Update (GBPUSD)

Not currently. I missed the bull run. Now I'm waiting for a new entry. Long or short I don't know at this time. I would kind of expect this to retest 1.868x area, but oil is truly driving this. As oil goes up, the value of the $ decreases.

Cable Update (GBPUSD)

DJIA is positive! S&P is positive! NASDAQ is approaching positve! I concur that oil is driving this up and devaluing the $.

Cable Update (GBPUSD)

150 is good though!

Daytrading the US/overlap session

Sorry to hear about your mom. I wish her the best! Glad to see you'll be donating some of the profits!

Cable Update (GBPUSD)

Nice! I'm sitting in a boat without any oars right now. Not in the market and waiting for an entry point. I took a quick 15 off the top when she pulled back, but I didn't want to be too greedy so that's all for now.

Cable Update (GBPUSD)

You think she's going to reject 1.8800 and fall? I see a pullback from this price level, could even go down to 1.868x, but I think she might have truely found a bottom.

Cable Update (GBPUSD)

My shorts closed with a profit, but I missed the rocket upwards! AmeriTrini had the call right 3 days ago for it to be long with the triple bottom. Good call bro!

Cable Update (GBPUSD)

Nice call! The triple bottom was the correct setup. I hope you hit your target. I missed the ride up unfortunately, I kept my shorts on and they were closed for a profit, but not as big of a profit as your call was. Good job bro!

Daytrading the US/overlap session

I think she's going to retest the 1.864x area and continue south to around 1.857x, possibly lower.

Cable Update (GBPUSD)

Nice! Check out the 2hr in place of your 1hr from time to time. Sometimes the extra hour really helps show the swing and even out the movement. I like my 6 hr chart too.

Cable Update (GBPUSD)