Magpie Trader
Tuesday, October 18, 2005
18/10/05
Short cable 1.7506
edit: half taken at 1.7464, SL moved to 1.7496
+42
SL moved to 1.7469, limit exit put in for 1.7395
The monthly cable chart is looking like a plunge over the next few months to the 1.6600 level is looking on the cards as thats the 50% fib from the June 2001 low to December 2004 high. We're curretnly at the 38% fib and things are looking like a 50% test is next. If your going on holiday to the US go now!
edit: SL taken out (perhaps it's the bottom and the 38% fib will hold?)
+37
total +79
edit: half taken at 1.7464, SL moved to 1.7496
+42
SL moved to 1.7469, limit exit put in for 1.7395
The monthly cable chart is looking like a plunge over the next few months to the 1.6600 level is looking on the cards as thats the 50% fib from the June 2001 low to December 2004 high. We're curretnly at the 38% fib and things are looking like a 50% test is next. If your going on holiday to the US go now!
edit: SL taken out (perhaps it's the bottom and the 38% fib will hold?)
+37
total +79
// posted by Magpie @ 8:51 pm 
