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Cable Update (GBPUSD)

  • #43,261
  • Dec 5, 2007 9:13pm Dec 5, 2007 9:13pm
Quoting Kfc
..i'm ready to give out shit now..
  • #43,262
  • Dec 5, 2007 9:13pm Dec 5, 2007 9:13pm
Quoting Kfc
..i'm ready to give out shit now..
LOL!
"Invest With The Insiders, Not The Masses" George Muzea
  • #43,263
  • Dec 5, 2007 9:14pm Dec 5, 2007 9:14pm
Quoting Kfc
..i'm ready to give out shit now..
S.T.F.U. and go back to your hole.
If I Go Broke Trying Then I Will die happy.
  • #43,264
  • Dec 5, 2007 9:18pm Dec 5, 2007 9:18pm
Quoting Kfc
..i'm ready to give out shit now..

Be very carefull and don't shit on your pants
  • #43,265
  • Dec 5, 2007 9:24pm Dec 5, 2007 9:24pm
Quoting Qu|cksilver
rumours says that BOE will cut rate.
yep rumours
If I Go Broke Trying Then I Will die happy.
  • #43,266
  • Dec 5, 2007 9:26pm Dec 5, 2007 9:26pm
Quoting edward77
Be very carefull and don't shit on your pants
If I Go Broke Trying Then I Will die happy.
  • #43,267
  • Dec 5, 2007 9:36pm Dec 5, 2007 9:36pm
fuuuhh..... up n down better i stay out..than having high risk of lose..
be patient, self-belief and discipline... stay focus...
  • #43,268
  • Dec 5, 2007 9:41pm Dec 5, 2007 9:41pm
it may go down to 2.0145, as i said depends on data. keep alert.
  • #43,269
  • Dec 5, 2007 10:16pm Dec 5, 2007 10:16pm
Quoting radit27
fuuuhh..... up n down better i stay out..than having high risk of lose..
Correct.. I also not trade cable today
  • #43,270
  • Dec 5, 2007 10:19pm Dec 5, 2007 10:19pm
i have not been so scared since some time ago trading a currency, this thing just got my nerves up...

i have a long position since 2.0316 since some hours ago, but nothing, the cable just keep bouncing since 2.0255 and 2.0295.

what do you think, the ones who are long... are you gonna stand in couple of hours more and exit before news if nothing happens?
some say, a rate cut has been partially priced cause the strong rumours about
BOE cutting rates.

but if BOE does not cut rates, some agree the currency is gonna spike up like crazy to 2.0600 at least.

any idea from a pro?????.
  • #43,271
  • Dec 5, 2007 10:24pm Dec 5, 2007 10:24pm
Quoting acidguy
i have not been so scared since some time ago trading a currency, this thing just got my nerves up...

i have a long position since 2.0316 since some hours ago, but nothing, the cable just keep bouncing since 2.0255 and 2.0295.

what do you think, the ones who are long... are you gonna stand in couple of hours more and exit before news if nothing happens?
some say, a rate cut has been partially priced cause the strong rumours about
BOE cutting rates.

but if BOE does not cut rates, some agree the currency is gonna spike up like crazy to 2.0600 at least.

any idea from a pro?????.
I'm no pro, but I like the fact that the market seems to be partially pricing in a rate cut, because a no-cut will boost the GBP. If they do cut, it will continue down, but probably will get strong support from the weekly trendline, then go back up anyway. I went long a while ago and am not adding yet, but I'm not closing either.
  • #43,272
  • Dec 5, 2007 10:30pm Dec 5, 2007 10:30pm
Title: GBP/USD intraday: caution Summary: Update on supports and resistances. Story: Pivot: 2.0352

Our preference: Short positions below 2.0352 with targets @ 2.0247 & 2.0192 in extension.

Alternative scenario: Above 2.0352 look for further upside with 2.0403 & 2.0417 as targets.
  • #43,273
  • Dec 5, 2007 10:59pm Dec 5, 2007 10:59pm
thx god, finally!!!!
finally!!!!!

2.0300 was broken!!! YEAH!!!!!!.
  • #43,274
  • Dec 5, 2007 11:01pm Dec 5, 2007 11:01pm
Quoting acidguy
thx god, finally!!!!
finally!!!!!

2.0300 was broken!!! YEAH!!!!!!.
Hell yeah. Up up and away!!!

Targeting 2.0400
Appliances have gone berserk.
  • #43,275
  • Dec 5, 2007 11:03pm Dec 5, 2007 11:03pm
Quoting acidguy
thx god, finally!!!!
finally!!!!!

2.0300 was broken!!! YEAH!!!!!!.
that dont mean a THING!!!!..............2.0350 has to be broken!!!
  • #43,276
  • Dec 5, 2007 11:09pm Dec 5, 2007 11:09pm
UP CABLE UP - 100% FULL CONFIDENCE LeTS SEEEEEEEEEEEEEEE
Attached Image (click to enlarge)
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  • #43,277
  • Dec 5, 2007 11:11pm Dec 5, 2007 11:11pm
Still too early to tell. Trend has not been established and still ranging at the moment.

Quoting bemer_fx
Hell yeah. Up up and away!!!

Targeting 2.0400
  • #43,278
  • Dec 5, 2007 11:19pm Dec 5, 2007 11:19pm
trying to understand if there was a fundamental reason for this move is useless. what really happened was as simple as this: big guys decided it was time to go down. THIS was the fundamental reason.
that's why i'm saying the only way to make a profit in this jungle is using a rigorous technical analysis.
now, there are several scenarios about what might be next. i'll soon be posting some charts for a possible evolution.

Quoting JanPoko
Scrat:

No, misunderstanding, I believe what I see in your charts. And I believe it can go down so far. I did not expect it, but I believe it can.

What surprises me is the suddeness and speed of such a negative spike at the time. There were no news, at the moment, no rush hours and such a big spike. There should be some fundament, behind it, which no one can expect.
Am I wrong?
Nihil Sine Deo.
  • #43,279
  • Dec 5, 2007 11:30pm Dec 5, 2007 11:30pm
Quoting Scrat
trying to understand if there was a fundamental reason for this move is useless. what really happened was as simple as this: big guys decided it was time to go down. THIS was the fundamental reason.
that's why i'm saying the only way to make a profit in this jungle is using a rigorous technical analysis.
now, there are several scenarios about what might be next. i'll soon be posting some charts for a possible evolution.
it was purely technical analysis (studying patterns in the market, and how the human psyche would respond to certain moves)...that support was incredibly strong, it held a few pivot points, trendlines, support levels, fib levels, etc....when that level got broken, people start to fear that the market will keep going down, so they all rush out at the same time...and thats how the drop happened.....a break through mega-support, led to a mega-drop in price...all based on fear of the market

i mean, ultimately we are the ones who move the market anyway, not the news (just how we react to it)
The odds are on my side; let's hope they stay that way!!!
  • #43,280
  • Dec 5, 2007 11:30pm Dec 5, 2007 11:30pm
Quoting Scrat
trying to understand if there was a fundamental reason for this move is useless. what really happened was as simple as this: big guys decided it was time to go down. THIS was the fundamental reason.
One word - fear. A lot of people got scared today and liquidated their position ahead of tomorrow's desicion.
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