Cable Update (GBPUSD) | Page 2147 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

GBP/USD

Similar Threads

Cable Update - Continued 118 replies

Cable Update (GBP/USD) without Idiots 25 replies

cable short for gbpusd? 10 replies

Why is GBPUSD called cable? 76 replies

Cable (GBPUSD) vs Euro (EURUSD) 31 replies

Attachments: Cable Update (GBPUSD)
Exit Attachments

Cable Update (GBPUSD)

  • #42,921
  • Dec 4, 2007 9:25am Dec 4, 2007 9:25am
FX OPTIONS: GBP/USD Large 2.0650 Expiry Thursday, post-MPC London, December 4. An estimated GBP 250mn 2.0650 strike will roll off at Thursday"s post-UK base rate verdict NY option cut


can someone tell me what this mean?
i think its like tp
  • #42,922
  • Dec 4, 2007 9:34am Dec 4, 2007 9:34am
Quoting MrFuture
I already lost 80 pips in two separate trades in this "chop-chop" madness of the last few days, I am out until this rate decision comes out 'cause it is obvious that people have not made up their mind on where it stands....why even bother

New lesson learned: Never, ever trade before a rate decision.
I guess you lose not because of the "chop-chop" market. Because you can't see where the market is going, what the market will do, what are the masses are thinking.

I have said this many times... "Prepare for the Unexpected"
No confidence - No Trade.
"Invest With The Insiders, Not The Masses" George Muzea
  • #42,923
  • Dec 4, 2007 9:37am Dec 4, 2007 9:37am
Before the canadian interest came up, it was obvious that there are 2 ways:
either they will cut them(.25) or leave them until January'08. So if they would have left them we wouldn't see any significant move. As they did there was one... Am i clear?
If you do - don't be afraid, if you are afraid - don't do
  • #42,924
  • Dec 4, 2007 9:39am Dec 4, 2007 9:39am
Hey I was wondering: do members of the rate cut decision making have any restrictions from trading Forex ? They could always make a killing if they wanted to....
"Lunch ? Lunch Is For Wimps !"
  • #42,925
  • Dec 4, 2007 9:41am Dec 4, 2007 9:41am
They wont do it for fun. Their job is on the line plus their decision affect their respective country economy!
  • #42,926
  • Dec 4, 2007 9:43am Dec 4, 2007 9:43am
Quoting MrFuture
Hey I was wondering: do members of the rate cut decision making have any restrictions from trading Forex ? They could always make a killing if they wanted to....
Are you news or technical trader? If you are news trader so no wonder you see the chop-chop. If you are technical trader, no restriction before or after rate cut.
"Invest With The Insiders, Not The Masses" George Muzea
  • #42,927
  • Dec 4, 2007 9:45am Dec 4, 2007 9:45am
Quoting c2v4l
They wont do it for fun. Their job is on the line plus their decision affect their respective country economy!
I am not saying they would change their decision just to profit on their own. I am simply saying that knwowing what the decision is before anyone else can be very profitable...
"Lunch ? Lunch Is For Wimps !"
  • #42,928
  • Dec 4, 2007 9:47am Dec 4, 2007 9:47am
Quoting Qu|cksilver
Are you news or technical trader? If you are news trader so no wonder you see the chop-chop. If you are technical trader, no restriction before or after rate cut.
Mostly technical, but always on the lookout for big news...that WILL, not matter how much people deny it, change the direction of a pair if it is a big news..
"Lunch ? Lunch Is For Wimps !"
  • #42,929
  • Dec 4, 2007 9:52am Dec 4, 2007 9:52am
damn...whats up wit 0585?
  • #42,930
  • Dec 4, 2007 9:52am Dec 4, 2007 9:52am
Quoting Designer1
all i am beliving now target H1 or H4 basically more Better is H4 and
then just go ahead direction with patience -

one factor is patience whole the day would work -

i tried to get profit in few time ago and close the deal but

now sure it will reach 550 today
Yes patience is important, i feel the same way about waiting now, before i couldnt wait and if i saw price eating back my profits i would exit, now i have the nerves to wait a little more.

Designer1 i think if the body closes below 0594 then we go down to 0550 today
  • #42,931
  • Dec 4, 2007 9:54am Dec 4, 2007 9:54am
USD/JPY: Merrill Lynch Tips US Rates to Drop to 2% in 2008 San Francisco, December 4th. Merrill Lynch has just issued a comprehensive outlook for 2008 this morning, forecasting that the Fed will need to cut rates to 2% in 2008 from current levels of 4.25%. (Indeed it is very arguable that rates will have to go that low just to fund the mortgage resets that peak in Q1 2008.) Merrill"s economists also forecast the first consumer recession in the US since 1991. The investment bank is also tipping a Japanese rate cut next year as well as growth slows in Japan.
USD/JPY is at 109.73 currently, bouncing off morning lows as stocks pare their losses. The DJIA is now down 24 pts. EUR/JPY has bounced back to 162.00 but was capped there by fresh selling from spec names and is now trading at 161.80. Offers are tipped at 110.00 and 110.30 on USD/JPY
  • #42,932
  • Edited 10:01am Dec 4, 2007 9:58am | Edited 10:01am
take care we are in fibo line area ... becarefull from reversal
Attached Image (click to enlarge)
Click to Enlarge Name: fibo.gif Size: 12 KB
  • #42,933
  • Dec 4, 2007 10:00am Dec 4, 2007 10:00am
Quoting deboooo2005
take care we are in fibo line area ... becareful from reversal
just short all the way... :
down cable down..
"Invest With The Insiders, Not The Masses" George Muzea
  • #42,934
  • Dec 4, 2007 10:12am Dec 4, 2007 10:12am
you are right.. cable looks down... wats the next support..?? wats your t/p..??
  • #42,935
  • Dec 4, 2007 10:19am Dec 4, 2007 10:19am
Quoting bhesania
you are right.. cable looks down... wats the next support..?? wats your t/p..??
We are in the middle of the journey today or maybe soon will end.. im going to close if cable break 2.0600

I have no TP.. i will close it anytime if i see a reversal candle on 5min or 30min or 1hr.
"Invest With The Insiders, Not The Masses" George Muzea
  • #42,936
  • Dec 4, 2007 10:36am Dec 4, 2007 10:36am
down cable down...
common..down again...
"Invest With The Insiders, Not The Masses" George Muzea
  • #42,937
  • Dec 4, 2007 10:42am Dec 4, 2007 10:42am
Quoting Qu|cksilver
down cable down...
common..down again...
Dear friend dont u think its time for a reverse?
  • #42,938
  • Dec 4, 2007 10:44am Dec 4, 2007 10:44am
cable has been hanging around 2.0580. Is the support there really strong?
I thought once it break 2.0600 it will go straight to 2.0560. i have short position at 2.0590.. comeon cable..down..
  • #42,939
  • Dec 4, 2007 10:44am Dec 4, 2007 10:44am
...hope KIWI will follow and sink together with cable,still short 0616
  • #42,940
  • Dec 4, 2007 10:47am Dec 4, 2007 10:47am
Quoting tetis
Dear friend dont u think its time for a reverse?
...no chance,may be below 0560
376 traders viewing now, 2 are registered:
Molaro
,
saidi01