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The Forex Thread (FX)     

hilary - 31 Dec 2003 13:00

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Forex rebates on every trade - win or lose!

foale - 15 May 2007 07:51 - 7884 of 11056

Complete this sentance.

"Today Cable will break out of it recent range of 1.9765 to 1.9845
and will head ...... "


The first correct answer received will

....help me make a profit. lol

Seymour Clearly - 15 May 2007 07:52 - 7885 of 11056

"up or down."

:-)



MightyMicro - 15 May 2007 08:39 - 7886 of 11056

Consensusview.com says "Neutral" on Cable this morning. How may I help you with any further forecasts?

But seriously, Karen Jones at Commerzbank reckons it's under pressure to execute a deeper retracement lower . . . under pressure to head back to the $1.9660/50 zone . . .

hilary - 15 May 2007 08:58 - 7887 of 11056

Well I'm buying the dips this morning, but I'm not expecting too much from it and those stops will be tight going into the inflation data at 9:30.

foale - 15 May 2007 09:43 - 7888 of 11056

1.9750 the level to hold if any chance of it heading back to $2 anytime soon
otherwise we could go down as far as 1.9500 medium term

mg - 15 May 2007 09:48 - 7889 of 11056

Got a buy order in for 19740 to catch the falling knife. Had a reasonable few points on yesterday's drop.

goforit - 15 May 2007 09:53 - 7890 of 11056

looking to buy at this level if i get my signal, strong fib level here on the daily chart

Harlosh - 15 May 2007 10:03 - 7891 of 11056

I'm looking at 9690 area if it breaks 9760 and 9750

Which I think it will.

hilary - 15 May 2007 10:08 - 7892 of 11056

I agree, Harlosh. I see no reason whatsoever to buy it right now.

goforit - 15 May 2007 10:44 - 7893 of 11056

short on usd/cad which has dropped nicely from last night. just had a look at the gbp/cad!

MightyMicro - 15 May 2007 10:52 - 7894 of 11056

GBP/CAD -- I assume that's the Thompson/Reuters effect . . .

goforit - 15 May 2007 11:29 - 7895 of 11056

mm just saw usd going in opposite directions to what i was watching.closed some of my usd/cad.couple positions on cable-tight stoplosses go and have ashower and see what happens!

goforit - 15 May 2007 11:57 - 7896 of 11056

That feels better! divergence forming on the 4 hrly chart!

Harlosh - 15 May 2007 12:21 - 7897 of 11056

Not convinced by the break below 50 so taken profit ahead of US figures and will look long around 9800

foale - 15 May 2007 14:26 - 7898 of 11056

Last hours price action probably a good short entry in retrospect...

goforit - 15 May 2007 14:54 - 7899 of 11056

Unfortunately, got to go to a barbeque. we've got a big 50th party this wkend and the band, equipment and a few old friends arrived late last night.

Stops in place, catch you tomorrow

Seymour Clearly - 15 May 2007 16:12 - 7900 of 11056

Just closed a long +53. That'll do for now, see what tomorrow brings :-)

foale - 15 May 2007 16:35 - 7901 of 11056

stopped out of short while out...just as well

Harlosh - 15 May 2007 17:12 - 7902 of 11056

122 pips for me today but think Cable has further to go so holding for the time being.

cynic - 15 May 2007 20:35 - 7903 of 11056

we think $ will weaken again, so sold for June at 1.9791 as anticipate 2.0000 will be seen again before then
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