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Cable Update (GBPUSD)

  • #15,141
  • Jun 20, 2007 3:02am Jun 20, 2007 3:02am
Quoting Tatton
mighty quiet in here

anyone going against the trend and shorting at this point?

No trades until after news release, it seems like it could go either way.
  • #15,142
  • Jun 20, 2007 3:14am Jun 20, 2007 3:14am
Quoting Turtle
No trades until after news release, it seems like it could go either way.

You dont say !
  • #15,143
  • Jun 20, 2007 3:28am Jun 20, 2007 3:28am
Quoting pino2
8-1 or 9-0 = bearish and GBP to drift weaker
6-3 or 5-4 = GBP will go up
How on earth do you get that?
  • #15,144
  • Jun 20, 2007 3:29am Jun 20, 2007 3:29am
umm, its 8-1... just a prediction...

oppps... its 5-4
  • #15,145
  • Jun 20, 2007 3:33am Jun 20, 2007 3:33am
dont look at me ...
its just money
  • #15,146
  • Jun 20, 2007 3:35am Jun 20, 2007 3:35am
5-4 vote with King wanting a hike...I'm long @ 9910
  • #15,147
  • Jun 20, 2007 3:36am Jun 20, 2007 3:36am
Quoting musicman007
You dont say !
I have to keep it honest.....I never want to say which way it will go because only the market knows.
  • #15,148
  • Jun 20, 2007 3:40am Jun 20, 2007 3:40am
Quoting Turtle
5-4 vote with King wanting a hike...I'm long @ 9910

okay, I stay out.. waiting for NY market, then will decide... long or short
  • #15,149
  • Jun 20, 2007 3:41am Jun 20, 2007 3:41am
Hello,

Do you think that going short is a bad idea?
Unus pro omnibus, omnes pro uno
  • #15,150
  • Jun 20, 2007 3:42am Jun 20, 2007 3:42am
I'm long @ 9922 .. is that too late? Seems like it going down now ...
  • #15,151
  • Jun 20, 2007 3:43am Jun 20, 2007 3:43am
Quoting moneda
Hello,

Do you think that going short is a bad idea?
i'm unsure, hope others can help ...
  • #15,152
  • Jun 20, 2007 3:44am Jun 20, 2007 3:44am
whats freakinī up?

there seem to be massiv selling in the eur/usd, it dropped like a rock even though gbp/usd skyrocketed 40pips...
  • #15,153
  • Jun 20, 2007 3:44am Jun 20, 2007 3:44am
Quoting moneda
Hello,

Do you think that going short is a bad idea?
====

5-4 means rate hike. next point may be 99.40 then 65
  • #15,154
  • Jun 20, 2007 3:45am Jun 20, 2007 3:45am
Quoting afirozia
I'm long @ 9922 .. is that too late? Seems like it going down now ...

yea, last 1.9905/07 on my level II market...
  • #15,155
  • Jun 20, 2007 3:48am Jun 20, 2007 3:48am
Quoting VEC
whats freakinī up?

there seem to be massiv selling in the eur/usd, it dropped like a rock even though gbp/usd skyrocketed 40pips...
umm. maybe they (US) are thinking to raise the interest rate as well
  • #15,156
  • Jun 20, 2007 3:48am Jun 20, 2007 3:48am
Quoting zamans98
yea, last 1.9905/07 on my level II market...
That's why its always advisable to wait out the news, post data there's always an initial rush of short/long covering after which it's imvho better to trade instead of on the initial rush.
Patience + Humility + Study = Success
  • #15,157
  • Jun 20, 2007 3:49am Jun 20, 2007 3:49am
I am long at 9909. There is 9915 resistance ahead of us which was tested at the news release. If it is broken, which is better to happen in the next hour, we should be heading to 9950 resistance area.
  • #15,158
  • Jun 20, 2007 3:49am Jun 20, 2007 3:49am
wow, what a spike down.. last seen 1.9896/00
  • #15,159
  • Jun 20, 2007 3:49am Jun 20, 2007 3:49am
keep your longs, or eat my shorts!
  • #15,160
  • Jun 20, 2007 3:51am Jun 20, 2007 3:51am
Quoting Takisd
How on earth do you get that?
I consider this a question?
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