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Cable Update (GBPUSD)

  • #43,321
  • Dec 6, 2007 1:49am Dec 6, 2007 1:49am
ALL BROKE what the hell cable is going on ????????????????

DOWN dOwn ALL TIME - SHITTTTTTTTTTTTT.......
  • #43,322
  • Dec 6, 2007 1:50am Dec 6, 2007 1:50am
it's all just noise people
  • #43,323
  • Dec 6, 2007 1:52am Dec 6, 2007 1:52am
Quoting ScottH
it's all just noise people
we'll see........
  • #43,324
  • Dec 6, 2007 1:52am Dec 6, 2007 1:52am
all take care maybe it will go to second weekly support 2.0159 ... i'm out the market till now
  • #43,325
  • Dec 6, 2007 1:54am Dec 6, 2007 1:54am
it will go down probably till they decide to leave interest rates unchanged!!!
  • #43,326
  • Dec 6, 2007 1:57am Dec 6, 2007 1:57am
Quoting AmeriTrini
it will go down probably till they decide to leave interest rates unchanged!!!
But what if they actually cut the rates?
  • #43,327
  • Dec 6, 2007 1:57am Dec 6, 2007 1:57am
so if the interest rates are unchanged or better than expected, GU will spike correct? (if it will make the pound stronger)

if they are worse we will see a huge decline?

...and just so i know im looking at the right news...it is the news at 7am EST...the interest rate statement??
The odds are on my side; let's hope they stay that way!!!
  • #43,328
  • Dec 6, 2007 2:00am Dec 6, 2007 2:00am
Quoting ffbk
But what if they actually cut the rates?
what do your charts say??.........
  • #43,329
  • Dec 6, 2007 2:00am Dec 6, 2007 2:00am
170 arrond next target

BREAK ALL THE SUPPPORT WHATS THE HELL CABLE DOWN IS

Looks funnny how we are from 550 and now in two days about 300 pips we missed - WOW!!!!!!!!!!
  • #43,330
  • Dec 6, 2007 2:01am Dec 6, 2007 2:01am
Quoting ffbk
But what if they actually cut the rates?
With over 90% of the traders already pricing a cut I don't think it will go down much if they actually cut.
  • #43,331
  • Dec 6, 2007 2:02am Dec 6, 2007 2:02am
Quoting Designer1
170 arrond next target
i dont see why not!!!!!!!
  • #43,332
  • Dec 6, 2007 2:02am Dec 6, 2007 2:02am
Quoting AmeriTrini
what do your charts say??.........
I see it still going down... Looks too scary to enter right now
  • #43,333
  • Dec 6, 2007 2:03am Dec 6, 2007 2:03am
up Cable Up !!
"Invest With The Insiders, Not The Masses" George Muzea
  • #43,334
  • Dec 6, 2007 2:03am Dec 6, 2007 2:03am
Quoting ffbk
I see it still going down... Looks too scary to enter right now
it might be consolidating
  • #43,335
  • Dec 6, 2007 2:07am Dec 6, 2007 2:07am
there is 2 news coming out today and most important rate decision will absolutely have impact on this pair for short term and long term view
  • #43,336
  • Dec 6, 2007 2:08am Dec 6, 2007 2:08am
cable for some reason has stop obbeying eu and stopped losing ground...
maybe a bottom?

also i think eu is finishing the correction, when eu correction is over euro bulls probably will do what they better know.
  • #43,337
  • Dec 6, 2007 2:17am Dec 6, 2007 2:17am
Quoting mohsen57
there is 2 news coming out today and most important rate decision will absolutely have impact on this pair for short term and long term view
Thanks but everybody knows this. What is your predictions on the effect on cable or rather Long or short. We all know what the effect of a rate cut means. What does your analysis tell you, please
  • #43,338
  • Dec 6, 2007 2:19am Dec 6, 2007 2:19am
Quoting mohsen57
there is 2 news coming out today and most important rate decision will absolutely have impact on this pair for short term and long term view

tell us something we dont know, please.
  • #43,339
  • Dec 6, 2007 2:21am Dec 6, 2007 2:21am
Quoting Runway Trade
Thanks but everybody knows this. What is your predictions on the effect on cable or rather Long or short. We all know what the effect of a rate cut means. What does your analysis tell you, please
well that speak itself, I'll wait for the rate to come out, if they no change, then i will go long, and if they cut rate, while price in and it may have e quick impact, better wait to price retrace some and take short, but cant say really what happen, but odd says it may go up today big time if they not change rate.
  • #43,340
  • Dec 6, 2007 2:28am Dec 6, 2007 2:28am
[quote=Firstboss;1746856][quote=Agro;1746847]Hey guys,


Stop at 215 but will be out way before that gets hit

Quote

Good luck! Careful with the 215 stop - if GBP spikes down for only a minute it might get closer to 200 - I've seen GBP do that during high volatility around hundreds

Hmmm, maybe I should have listen to you, esentially you were right. Didn't get a chance to get out there, but got luck this time, missed getting stopped by - wait for it - 0.2 pips!!!

Moved down to 210, but feared this would not be enough even if I was right (gunna need well below 200 stop for a long now) so I have closed now at 249 (not looking so good for long to me now anyway).

I will stay flat now, maybe looking for short....
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