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- goodthings replied Dec 6, 2006
What are your indicators telling you I just closed out of short this morning after I went to work and I am now back for lunch trying to pick up whats happening
Cable Update (GBPUSD)
- goodthings replied Dec 6, 2006
WOW what a deal I set my limit at 9615 well at the 8:30am on my MetaTrader plat form it hit the target but I trade off of Fxcm and it only went to 9616 missed the mark by one pip and had to settle for 39 pips less pips. Still got a fair amount. Be ...
Cable Update (GBPUSD)
- goodthings replied Dec 6, 2006
[ True as I said 9604 is S2 from previous days move and 9604 would the statistical average low (thats what I call it anyway)from the days high So before I head to work a safe target would say 9615 before it starts it's daily retracements. <TABLE ...
Cable Update (GBPUSD)
- goodthings replied Dec 6, 2006
I need to improve my memory because I couldve shouldve just set my limit .9641 ( a safe number all the other numbers are lower) and gone to bed. I have to go to work in an hour and half and been up since before mid night. Not complaining I'm ...
Cable Update (GBPUSD)
- goodthings replied Dec 6, 2006
.9638 is the 38.2 fib level for last week . Just looking at it there is a lot of reasond for the market to hit the point it did and then stall.
Cable Update (GBPUSD)
- goodthings replied Dec 6, 2006
The low so far is .9631 and I noticed that fridays low was .9635 and the daily MS2 is .9635. It is interesting to see how these numbers keep having some relevence (sp).
Cable Update (GBPUSD)
- goodthings replied Dec 6, 2006
Anybody know what the consumer credit spending does to the market
Cable Update (GBPUSD)
- goodthings replied Dec 6, 2006
Quite a market. For the past week and half nobody was scared of .2000 and now look where we are at.
Cable Update (GBPUSD)
- goodthings replied Dec 6, 2006
Short all day Friday pull out for a Long on the NFP
Cable Update (GBPUSD)
- goodthings replied Dec 6, 2006
Looks like .9738 is the days high and statistically the pound on the average moves 134 pips between the high and low that would put the low at .9604 which on my chart shows the S2 being .9604 and the MS3 as .9264. Just food for thought.
Cable Update (GBPUSD)
- goodthings replied Dec 6, 2006
December 6. Cable has extended south to 1.9635/40 bids, with October"s poor UK industrial and manufacturing production data continuing to weigh (See 42331 ). The downside surprise is bad news for UK rate hawks touting another 25bp hike to 5.25% in ...
Cable Update (GBPUSD)
- goodthings replied Dec 6, 2006
Cable weighed down by much worse then expected UK IP data December 6. Cable has fallen by more than a quarter-cent to a new intra-day low of 1.9658 on the back of October"s much worse-than-expected UK industrial and manufacturing production data. IP ...
Cable Update (GBPUSD)
- goodthings replied Dec 6, 2006
Key resistence in .9678 yesterdays low plus we have a news announcement coming out.
Cable Update (GBPUSD)
- goodthings replied Dec 6, 2006
Patience is a virtue in this business. Things look like a short and now everything is on hold. For me anyway.
Cable Update (GBPUSD)
- goodthings replied Dec 6, 2006
On my 5/13/62 the 13ema has crossed the 62ema my candle is about 35 pips below the 62 ema on the 1hr chart and London is about to open. For me it's close to a short
Cable Update (GBPUSD)
- goodthings replied Dec 6, 2006
Right now I am looking at a statistical average high of .9852 134 pips from the low or a statistical average low of .9604 base on todays high .9738.
Cable Update (GBPUSD)
- goodthings replied Dec 6, 2006
Your obviously talking of retracement from the of .9846. But what other point are including in your retracement and what fib level is it tracing to. Just wanting to learn strategy.

Cable Update (GBPUSD)