"Invest With The Insiders, Not The Masses"
George Muzea
Cable Update (GBPUSD)
- #38,982
- Nov 8, 2007 1:12am Nov 8, 2007 1:12am
- Joined Nov 2006 | Status: Dubai | 11,493 Posts
Trade what you see, not what you think.
- #38,983
- Nov 8, 2007 2:03am Nov 8, 2007 2:03am
- Joined Sep 2006 | Status: Trader | 2,163 Posts
"Invest With The Insiders, Not The Masses"
George Muzea
- #38,986
- Nov 8, 2007 2:20am Nov 8, 2007 2:20am
- Joined Mar 2007 | Status: we are stardust, we are golden | 1,364 Posts
Virtue finds and chooses the mean.
Aristotle, Ethica Nichomachea
Got this off ForexB*stards. FYI guys, don't jump in blindly 
1. Thursday, November 8th, 2007 (7:00 a.m. New York Time) UK
At 7:00 a.m. New York time we will have UK Interest Rate Statement coming out. It is expected that BOE will keep rates at the same level at 5.75%. If for some reasons they will cut the rate to 5.50%, I think GBP/USD may go down by as much as 120 pips or more in the first 30 minutes of the report. If they decide to keep the rate unchanged, then GBP/USD may or may not move so I do not recommend to trade it if the rate stays at the same level.
1. Thursday, November 8th, 2007 (7:00 a.m. New York Time) UK
At 7:00 a.m. New York time we will have UK Interest Rate Statement coming out. It is expected that BOE will keep rates at the same level at 5.75%. If for some reasons they will cut the rate to 5.50%, I think GBP/USD may go down by as much as 120 pips or more in the first 30 minutes of the report. If they decide to keep the rate unchanged, then GBP/USD may or may not move so I do not recommend to trade it if the rate stays at the same level.
May the Pips be with You 
Let's Pimp some Pips!
Let's Pimp some Pips!- #38,988
- Nov 8, 2007 2:35am Nov 8, 2007 2:35am
- Joined Sep 2006 | Status: Trader | 2,163 Posts
perhaps in the next hour. What price did you get in and what's your TP. I will chant it for you
I'm still thinking about TP maybe somewhere 950
"Invest With The Insiders, Not The Masses"
George Muzea
- #38,989
- Nov 8, 2007 2:39am Nov 8, 2007 2:39am
- Joined Sep 2006 | Status: Trader | 2,163 Posts
phew.. hit my BE 
Now i have no idea where cable will go.. maybe after Intrest rate statement we can see where cable heading.. so now.. im out..
Now i have no idea where cable will go.. maybe after Intrest rate statement we can see where cable heading.. so now.. im out..
"Invest With The Insiders, Not The Masses"
George Muzea
- #38,994
- Nov 8, 2007 3:07am Nov 8, 2007 3:07am
I don't think anybody have crystal BALLS
if you don't have crystal balls, tiger fluffy dice will do the job
- #38,995
- Nov 8, 2007 3:14am Nov 8, 2007 3:14am
I prefer BR's way... coin toss.. much easier.. 
http://www1.istockphoto.com/file_thu...toss_pound.jpg
http://www1.istockphoto.com/file_thu...toss_pound.jpg
- #38,997
- Nov 8, 2007 3:36am Nov 8, 2007 3:36am
- Joined Nov 2006 | Status: Shoot all the clowns.. Shoot'em all | 14,520 Posts
- #38,998
- Nov 8, 2007 3:37am Nov 8, 2007 3:37am
- Joined Sep 2006 | Status: Trader | 2,163 Posts
I'm going to SELL again... wait for higher price
"Invest With The Insiders, Not The Masses"
George Muzea
- #38,999
- Nov 8, 2007 3:44am Nov 8, 2007 3:44am
- Joined Mar 2007 | Status: we are stardust, we are golden | 1,364 Posts
Virtue finds and chooses the mean.
Aristotle, Ethica Nichomachea
- #39,000
- Nov 8, 2007 3:51am Nov 8, 2007 3:51am
Morning all, wassup?
Well, not the dollar...
I think focus today is Rate statements and Trichet + Bernanke on the wires.
If Trichet fails to show concern about euro and Bernanke comes saying nothing as usual, to hell with the statement. Euro is headed 1.5 and cable bound to crack a big time trendline in the weekly. That's what I'm on.
Overbought indicators in the higher timeframes are not source of concern for a long time already
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