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Cable Update (GBPUSD)

  • #37,941
  • Oct 30, 2007 4:52pm Oct 30, 2007 4:52pm
Quoting cesarnc
In an unprecedent effort, involving some of the prime criminal minds, $100,000 worth bribes, 1 tape recorder and 2 taxi tickets, I am proud to inform you that CABLE UPDATE had exclusive and illegal access to part of the Fed meeting that will culminate in tomorrow's rate statement.

Here for your analysis...

Bernanke: Soooo... What the hell are we doing tomorrow?
Annonimous Fed official: About what sir?
Bernanke: The rate statement, thank you very much?
Annonimous Fed official: Oh of course Sir.
Bernanke: Jeff, how is dollar doing?
Jeff: Wounded in Action sir. Pretty badly. Guys are showing no mercy when it comes to short the dollar.
Bernanke: Good <GASP> I mean, Oh boy... Mark? How the economy doing?
Undentified: <Laugh>
Mark: How the hell do I know, Sir?
Bernanke: Can't blame'ya... Susie? <BURP> Sorry, what is the market expecting?
Susie: 25bp, sir
Bernanke: Deal

<End of recording>


AGREE.........25bp ( Raise )
I Deeply Love My Virtual Life In Virtual World , RLC
  • #37,942
  • Oct 30, 2007 4:57pm Oct 30, 2007 4:57pm
How is this for a witches brew for Halloween:

[BRIEFING.COM] The major indices are largely unchanged since the last update.
Tomorrow stands to be an interesting, and possible volatile day of trading. On top of the highly anticipated FOMC announcement, third quarter GDP, Chicago PMI and energy inventories will also be released. Briefing.com expects the Fed to cut the fed funds and discount rates by 25 basis points.
Furthermore, the market will be digesting the 67 companies reporting their earnings after today's close and the 71 companies reporting before the open tomorrow.
  • #37,943
  • Oct 30, 2007 5:03pm Oct 30, 2007 5:03pm
Quoting SunTrader
How is this for a witches brew for Halloween:

[BRIEFING.COM] The major indices are largely unchanged since the last update.
Tomorrow stands to be an interesting, and possible volatile day of trading. On top of the highly anticipated FOMC announcement, third quarter GDP, Chicago PMI and energy inventories will also be released. Briefing.com expects the Fed to cut the fed funds and discount rates by 25 basis points.
Furthermore, the market will be digesting the 67 companies reporting their earnings after today's close and the 71 companies reporting before the open tomorrow.
lol...i say cut for 0.75...
its just money
  • #37,944
  • Oct 30, 2007 5:15pm Oct 30, 2007 5:15pm
Quoting cesarnc
In an unprecedent effort, involving some of the prime criminal minds, $100,000 worth bribes, 1 tape recorder and 2 taxi tickets, I am proud to inform you that CABLE UPDATE had exclusive and illegal access to part of the Fed meeting that will culminate in tomorrow's rate statement.

Here for your analysis...

Bernanke: Soooo... What the hell are we doing tomorrow?
Annonimous Fed official: About what sir?
Bernanke: The rate statement, thank you very much?
Annonimous Fed official: Oh of course Sir.
Bernanke: Jeff, how is dollar doing?
Jeff: Wounded in Action sir. Pretty badly. Guys are showing no mercy when it comes to short the dollar.
Bernanke: Good <GASP> I mean, Oh boy... Mark? How the economy doing?
Undentified: <Laugh>
Mark: How the hell do I know, Sir?
Bernanke: Can't blame'ya... Susie? <BURP> Sorry, what is the market expecting?
Susie: 25bp, sir
Bernanke: Deal

<End of recording>
LOL...that about sums it up!!
  • #37,945
  • Oct 30, 2007 5:33pm Oct 30, 2007 5:33pm
GBP/USD: Opens In Asia Bid After Making Multi-Year High Sydney, October 31: After weeks of lagging in the broad US dollar decline the GBP/USD is catching up in a hurry and was among the biggest gaining currencies again yesterday. The GBP/USD broke above key resistance at 2.0655 to trigger stops up to 2.0705 after the BOE"s Barker questioned the need fro the BOE to ease rates in an article published yesterday. The next level of resistance is found at the June 1981 high around 2.0745 and good hourly support has formed around 2.0640. UK Nationwide House Prices is out later today, but traders expect most of the major currency pairings to stay on hold ahead of the FOMC decision. The GBP/USD trades 2.0680/85
  • #37,946
  • Oct 30, 2007 6:57pm Oct 30, 2007 6:57pm
Waiting for CABLE AIRLINE to take off
{Promotion Removed}
  • #37,947
  • Edited 10:07pm Oct 30, 2007 7:00pm | Edited 10:07pm
you never know.
there is one thing i'm sure of: the moment we all (or almost all) give up the possibility of a short, we will see a drop. BIG SHARK NEVER SLEEPS and always takes care of everything.
and judging by what i'm reading here, that moment is coming soon...

Quoting cesarnc
hehe... his broker's advice... "1.98 sooner than you expected"
Nihil Sine Deo.
  • #37,948
  • Oct 30, 2007 7:10pm Oct 30, 2007 7:10pm
the chunnel looks primed for another assualt to finsh up w5 of 3 NORTH on 4hrs

traget zone 7074-7100
"Millionaires don't use astrology, billionaires do"
  • #37,949
  • Oct 30, 2007 10:27pm Oct 30, 2007 10:27pm
i think 2.0780 is a reasonable target.
i'm just curious: how many of you would bet 2.0050 is coming soon?

Quoting OrionsWay
the chunnel looks primed for another assualt to finsh up w5 of 3 NORTH on 4hrs

traget zone 7074-7100
Nihil Sine Deo.
  • #37,950
  • Oct 30, 2007 10:44pm Oct 30, 2007 10:44pm
Quoting Scrat
i think 2.0780 is a reasonable target.
i'm just curious: how many of you would bet 2.0050 is coming soon?
I'm not sure if the price can reach that level .0780
I think using trailing stop is better.
"Invest With The Insiders, Not The Masses" George Muzea
  • #37,951
  • Oct 30, 2007 10:45pm Oct 30, 2007 10:45pm
everyone is long. Anybody shorts it?
  • #37,952
  • Oct 30, 2007 11:00pm Oct 30, 2007 11:00pm
there is earthquake in USA, San Francisco
  • #37,953
  • Oct 30, 2007 11:18pm Oct 30, 2007 11:18pm
I'm short based on my crystal ball
Trade what you see, not what you think.
  • #37,954
  • Oct 30, 2007 11:18pm Oct 30, 2007 11:18pm
Quoting razergold
everyone is long. Anybody shorts it?
I don't see downtrend on my chart.
"Invest With The Insiders, Not The Masses" George Muzea
  • #37,955
  • Edited 11:34pm Oct 30, 2007 11:24pm | Edited 11:34pm
not yet, but have a pending sell. waiting for a confirmation.

Quoting razergold
everyone is long. Anybody shorts it?
Nihil Sine Deo.
  • #37,956
  • Oct 30, 2007 11:28pm Oct 30, 2007 11:28pm
short...micro lot...........
For he that would be deceived, let him.
  • #37,957
  • Oct 31, 2007 12:50am Oct 31, 2007 12:50am
Short from 2.0690, with stop @ 2.0707 and target set for 2.0631
Attached Image (click to enlarge)
Click to Enlarge Name: gbp123.jpg Size: 120 KB
  • #37,958
  • Oct 31, 2007 12:57am Oct 31, 2007 12:57am
Quoting Master PIPS
Short from 2.0690, with stop @ 2.0707 and target set for 2.0631
isn't that sl too tight ?
Twitter: @forexpokerpro
  • #37,959
  • Oct 31, 2007 1:00am Oct 31, 2007 1:00am
I guess we'll find out!!

Quoting BBPI_fxtrader
isn't that sl too tight ?
  • #37,960
  • Oct 31, 2007 1:01am Oct 31, 2007 1:01am
Hackers can turn our computer into a BOMB??? wow..
Attached Image (click to enlarge)
Click to Enlarge Name: computer_bomb.jpg Size: 135 KB
"Invest With The Insiders, Not The Masses" George Muzea
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