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Cable Update (GBPUSD)

  • #17,101
  • Jul 5, 2007 12:33am Jul 5, 2007 12:33am
Quoting dd33
Sometimes i wonder why "terorists attack" often occurs during interest rate statements? May be they trade forex also? and everytime the market dont go with what they trade they start to "bomb" some place?
Its like.. "Oh shit.. i shorted from 2.00 and my s/l almost got hit.. lets bomb the airport.. maybe that will bring cable lower.." kinda things??
then those police officers that are trading forex tried to get the market back up to maintain the current level..
because suddenly all the police officers almost got hit by SL after the bomb affected the market..
  • #17,102
  • Jul 5, 2007 12:47am Jul 5, 2007 12:47am
Quoting dd33
Sometimes i wonder why "terorists attack" often occurs during interest rate statements? May be they trade forex also? and everytime the market dont go with what they trade they start to "bomb" some place?
Its like.. "Oh shit.. i shorted from 2.00 and my s/l almost got hit.. lets bomb the airport.. maybe that will bring cable lower.." kinda things??
Remember 9-11? There was some serious money made. Just think if you knew about it before it happened.

The idiots doing the bombings may not know a thing...just lusting after virgins and all.

But the guys telling the guys to tell the guys...

If that bomb would have went off, we could be talking gazillions. With the pound at record highs, people a little skittish about it, a bombing in England right now would be timed perfectly.

We are talking about gazillions here.

Wars have been fought for less. And who knows...mebbe that's what this "war" has been about since the beginning.

Or mebbe I just need more coffee.
  • #17,103
  • Jul 5, 2007 1:12am Jul 5, 2007 1:12am
The Bank of England may raise its benchmark interest rate for the fifth time in a year today to bring inflation under control, a survey of economists shows. The nine-member Monetary Policy Committee, led by Governor Mervyn King, will increase the Bank Rate a quarter-point to 5.75 percent, the highest since April 2001, according to 53 out of 60 economists surveyed by Bloomberg News. The remainder forecast no change. The bank will announce the decision at noon in London.
“Past performance is not indicative of future results”
  • #17,104
  • Jul 5, 2007 1:50am Jul 5, 2007 1:50am
(using cesarnc's pic)
DOWN Cable.. DOWN....
http://i3.photobucket.com/albums/y74...machinegun.gif
  • #17,105
  • Jul 5, 2007 2:06am Jul 5, 2007 2:06am
maybe 50 pip down in this down trend ...
byebye costly moments.
  • #17,106
  • Jul 5, 2007 2:30am Jul 5, 2007 2:30am
Quoting Fxcm

07:22 GBP/USD: Some Still Looking For A Rate Reaction London, July 5. The U.K MPC concludes its rate debate and the surprise decision would be "no change". While we still feel that the Pound is now vulnerable to confirmation of a 1/4- point hike there are some that see post hike rhetoric supporting another push higher. Our counter argument is the fact that unlike other central banks the BoE usually comments on the latest decision rather than telegraphing future moves. Clearly the greater risk to the Pound would be a "no change" result today. The resulting sell-off could be severe but bids would surface quickly as the market then factored in an August hike.
The BoE rate decision will be made at 11:00 GMT and will then be followed by what is expected to be a "no change" result from the ECB at 11:45 GMT. A data free session for the U.K but the U.S economy provides the interest with jobless claims and the ADP employment report.
GBP/USD has backed away from Wednesday"s new 26-year high of 2.0207 and is currently trading around the 2.0150 level. Technically a pullback is on the cards as a steep daily bull trend topples over. Not yet reversal qualities but if today"s rate news goes to plan the damage to the trend from profit taking could be severe. We see risk to 2.0075 after the MPC news.
  • #17,107
  • Jul 5, 2007 2:48am Jul 5, 2007 2:48am
pound drooooooops
  • #17,108
  • Jul 5, 2007 3:01am Jul 5, 2007 3:01am
great time for a short after that jump up just now !!

*short on the eur/usd too
“Past performance is not indicative of future results”
  • #17,109
  • Jul 5, 2007 3:04am Jul 5, 2007 3:04am
Quoting gobigo12
great time for a short after that jump up just now !!

*short on the eur/usd too
i agree - doing a 2 hour short- just a teeny weeny to buy flowers for wife's birthday tomorrow... free flowers .. yes
  • #17,110
  • Jul 5, 2007 3:14am Jul 5, 2007 3:14am
what causes the cable to jump like that? we got no news as of this hour..
  • #17,111
  • Jul 5, 2007 3:15am Jul 5, 2007 3:15am
Quoting buangcla
what causes the cable to jump like that? we got no news as of this hour..
look at euro/dollar- up a ton
  • #17,112
  • Jul 5, 2007 3:35am Jul 5, 2007 3:35am
So, then we agree that the pound will drop?
  • #17,113
  • Jul 5, 2007 3:37am Jul 5, 2007 3:37am
Quoting venci
So, then we agree that the pound will drop?
When ? in the next 2 hours ? i bet a bunch of flowers that it will - a bit - after that - too scary for me !
  • #17,114
  • Jul 5, 2007 3:42am Jul 5, 2007 3:42am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
need some advice please, irrelivant of direction after the news today (it will move just which way, big debate about that), i could do with some help on indicators.
I use SMA, bit slow to react to news like this, but great for trends. is there an indicator that will identify the reaction quicker, or do I just wait for a move of say 50pips and take that as the direction to follow?
  • #17,115
  • Jul 5, 2007 3:45am Jul 5, 2007 3:45am
Try use JMA or NonlagMa
  • #17,116
  • Jul 5, 2007 3:46am Jul 5, 2007 3:46am
Entering a trade few hours prior the Interest Rates is pure gambling guys. You never know how the market is going to react upon Interest Rates, you never know if there will be a juicy statement from the BoE along with the data itself, you never know whether the data will come as expected, you never know...

Gambling indeed.
  • #17,117
  • Jul 5, 2007 3:50am Jul 5, 2007 3:50am
Quoting MPP
need some advice please, irrelivant of direction after the news today (it will move just which way, big debate about that), i could do with some help on indicators.
I use SMA, bit slow to react to news like this, but great for trends. is there an indicator that will identify the reaction quicker, or do I just wait for a move of say 50pips and take that as the direction to follow?
That's the whole point of the SMAs, to make sure you ONLY trade in trending markets. Why would you want to risk your money on un-biased markets? why swim upstream? why sail against the wind? why pouring ketchup on a high quality steak?
  • #17,118
  • Jul 5, 2007 3:51am Jul 5, 2007 3:51am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting venci
Try use JMA or NonlagMa
could you expand please, the abrieviations are not on my platform.

many thanks
  • #17,119
  • Jul 5, 2007 3:52am Jul 5, 2007 3:52am
Quoting MPP
need some advice please, irrelivant of direction after the news today (it will move just which way, big debate about that), i could do with some help on indicators.
I use SMA, bit slow to react to news like this, but great for trends. is there an indicator that will identify the reaction quicker, or do I just wait for a move of say 50pips and take that as the direction to follow?
if u know that it will move in each direction, then play 2 breakouts (set 2 stop losses above and below current range) ,...but do u?

vote for a,b,c
a.) unchanged
b.) 5.75
c.) 6 and more

i always miss... , maybe now i wont LOL
its just money
  • #17,120
  • Jul 5, 2007 3:55am Jul 5, 2007 3:55am
Quoting de123
if u know that it will move in each direction, then play 2 breakouts (set 2 stop losses above and below current range) ,...but do u?

vote for a,b,c
a.) unchanged
b.) 5.75
c.) 6 and more

i always miss... , maybe now i wont LOL
I'll go for (a). Worse case would be (b).
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