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Cable Update (GBPUSD)
- #43,684
- Dec 9, 2007 10:08am Dec 9, 2007 10:08am
- | Joined Aug 2007 | Status: Trading make u smarter. | 1,230 Posts
- #43,686
- Dec 9, 2007 3:36pm Dec 9, 2007 3:36pm
- Joined Feb 2007 | Status: Trader | 2,428 Posts
Hi all
i hope happy trade to every one with positive pips +++
i hope happy trade to every one with positive pips +++
- #43,689
- Dec 9, 2007 4:32pm Dec 9, 2007 4:32pm
- Joined Apr 2007 | Status: "As Above So Below" | 6,206 Posts
"Millionaires don't use astrology, billionaires do"
- #43,691
- Dec 9, 2007 5:09pm Dec 9, 2007 5:09pm
- Joined Sep 2006 | Status: Trader | 2,163 Posts
Good Morning everyone..
I guess this week is very hard to trade. I have no clear direction. Also US Interest rate comming..
I guess this week is very hard to trade. I have no clear direction. Also US Interest rate comming..
"Invest With The Insiders, Not The Masses"
George Muzea
These are two of the weirdest quotes I have read, since becoming a recent member. The reason there was no follow through on the rate cut announcement is that the market had discounted it days before, simple fact, thats what markets do, they discount future events based on information available today.
4 economist at major instituitions had already publicly revised there forecast to a cut 3 or 4 days before.
You cannot have manipulation in a forex pair the market is far too large.
Discounting is the basic concept of how markets work, I think if you are unable to get a grasp of the concept you should stay out of the markets and save yourelf some money!
Originally Posted by acidguy http://www.forexfactory.com/images/buttons/viewpost.gif
what happened last week with cable was dishonest, disrespectful and manipulative.
is there still some explanation of what happened with the rate cut last thursday?
the rate cut was priced. also the public didnt know.
rate cut came still nothing happened. just shy traders putting sell orders and impacting little the currency, then up.
and still most analyst predicted boe would hold onto january but the noble and loyal pigs already knew the rate cut was coming so they made party flying away in mass from gbp.
this currency surely can go up the next couple of days to 2.0300 - 2.0600, something like a dead bounce from 2.1000 but then the posibility of downside is big. and very probably get out of 2006 long term trend.
sad the thing that the most richest people in london was informed of the rate cut, still they kept silent to screw general people.
i am sick of you boe cows!.
That's true. Not only the rich people in London know about the interest rate also all the banks in this world knows it. From my technical analysis the highest cable can go up only somewhere 300-600 level. There is still more space for cable to drop downside. Anyway... Trade smart
4 economist at major instituitions had already publicly revised there forecast to a cut 3 or 4 days before.
You cannot have manipulation in a forex pair the market is far too large.
Discounting is the basic concept of how markets work, I think if you are unable to get a grasp of the concept you should stay out of the markets and save yourelf some money!
Originally Posted by acidguy http://www.forexfactory.com/images/buttons/viewpost.gif
what happened last week with cable was dishonest, disrespectful and manipulative.
is there still some explanation of what happened with the rate cut last thursday?
the rate cut was priced. also the public didnt know.
rate cut came still nothing happened. just shy traders putting sell orders and impacting little the currency, then up.
and still most analyst predicted boe would hold onto january but the noble and loyal pigs already knew the rate cut was coming so they made party flying away in mass from gbp.
this currency surely can go up the next couple of days to 2.0300 - 2.0600, something like a dead bounce from 2.1000 but then the posibility of downside is big. and very probably get out of 2006 long term trend.
sad the thing that the most richest people in london was informed of the rate cut, still they kept silent to screw general people.
i am sick of you boe cows!.
That's true. Not only the rich people in London know about the interest rate also all the banks in this world knows it. From my technical analysis the highest cable can go up only somewhere 300-600 level. There is still more space for cable to drop downside. Anyway... Trade smart
"Those who fail to learn from their mistakes are doomed to repeat them"
- #43,695
- Dec 9, 2007 8:01pm Dec 9, 2007 8:01pm
These are two of the weirdest quotes I have read, since becoming a recent member. The reason there was no follow through on the rate cut announcement is that the market had discounted it days before, simple fact, thats what markets do, they discount future events based on information available today.
4 economist at major instituitions had already publicly revised there forecast to a cut 3 or 4 days before.
You cannot have manipulation in a forex pair the market is far too large.
Discounting is the basic concept of how markets work, I think if you are unable to get a grasp of the concept you should stay out of the markets and save yourelf some money!
Originally Posted by acidguy http://www.forexfactory.com/images/buttons/viewpost.gif
what happened last week with cable was dishonest, disrespectful and manipulative.
is there still some explanation of what happened with the rate cut last thursday?
the rate cut was priced. also the public didnt know.
rate cut came still nothing happened. just shy traders putting sell orders and impacting little the currency, then up.
and still most analyst predicted boe would hold onto january but the noble and loyal pigs already knew the rate cut was coming so they made party flying away in mass from gbp.
this currency surely can go up the next couple of days to 2.0300 - 2.0600, something like a dead bounce from 2.1000 but then the posibility of downside is big. and very probably get out of 2006 long term trend.
sad the thing that the most richest people in london was informed of the rate cut, still they kept silent to screw general people.
i am sick of you boe cows!.
That's true. Not only the rich people in London know about the interest rate also all the banks in this world knows it. From my technical analysis the highest cable can go up only somewhere 300-600 level. There is still more space for cable to drop downside. Anyway... Trade smart
"Lunch ? Lunch Is For Wimps !"
People do not care too much for a GBP rate cut 'cause even with the cut GBP still has higher interest than USD, which will probably receive a further cut in the next few days, that's why it did not react that much last week.
I was really wondering why the cut didn't do anything. Thank!
