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Cable Update (GBPUSD)

  • #49,961
  • Jan 17, 2008 6:03am Jan 17, 2008 6:03am
i wont trade the £ at this time...it makes no sense!!!
and also which is even more confusing is theres tons of resistance to go north...but the other 2 currencies and moving the right way and i have the feeling £ is not
  • #49,962
  • Jan 17, 2008 6:09am Jan 17, 2008 6:09am
Quoting lantzhansen
pound is nuts today. I'm done for now
Agreed. I ended +40 and I'll count my blessings considering this schizophrenic market today.
  • #49,963
  • Edited 7:10am Jan 17, 2008 6:18am | Edited 7:10am
Quoting nAVIN2007
im confused any1 know how the pound, ero and swiss frank correlate? ...

cos today Gchf drop 263 pips (currently)
gu weak chf strong (eur strong/supported at 14589 area second attempt)
gu third attempt to go over 19715 area not successful ..

edit : the timing is usually short lived but good enough for me
  • #49,964
  • Jan 17, 2008 6:28am Jan 17, 2008 6:28am
if the swissy gone down by that much then ...the £ is going to go through the roof as they share a inverse correlation..any1 short best watch out.
The ero is also going up!!!!!!
I still trying to work out whether forex is gambling or does it just require indepth thinking?
  • #49,965
  • Jan 17, 2008 6:32am Jan 17, 2008 6:32am
now there moving in sink u see?
  • #49,966
  • Jan 17, 2008 6:36am Jan 17, 2008 6:36am
what about this news:
MPC Member Gieve Speaks
where do you think GBP will move?

for a long time today it's move from 1.9610 to 1.9670
  • #49,967
  • Jan 17, 2008 6:40am Jan 17, 2008 6:40am
Quoting Abuawad
what about this news:
MPC Member Gieve Speaks
where do you think GBP will move?

for a long time today it's move from 1.9610 to 1.9670
I have no idea my brother..i think it has to go up...fundamentally u cant have 3 currencies supposed to have corelation have random movements, at some stage instutional investement will drive the market in the right direction.

at the moment we are in no mans land....
  • #49,968
  • Jan 17, 2008 6:45am Jan 17, 2008 6:45am
Quoting nAVIN2007
I have no idea my brother..i think it has to go up...fundamentally u cant have 3 currencies supposed to have corelation have random movements, at some stage instutional investement will drive the market in the right direction.

at the moment we are in no mans land....

Thanks
  • #49,969
  • Jan 17, 2008 6:51am Jan 17, 2008 6:51am
long or short ????
Attached Image (click to enlarge)
Click to Enlarge Name: gbp1701.jpg Size: 134 KB
  • #49,970
  • Jan 17, 2008 6:54am Jan 17, 2008 6:54am
10 min gbp
MPC Member Gieve Speaks

25 min USD Cleveland Fed President Pianalto Speaks

40 min USD housing starts

40 minute USD building permits

40 minute USD unemployment claims



And keep in mind the final move in this pair is not always (in this time frame, of micro, on this pair) is not what one would think.
  • #49,971
  • Jan 17, 2008 6:59am Jan 17, 2008 6:59am
Quoting banana9009
long or short ????
i'm holding short from 1.9656, is it good or bad?
  • #49,972
  • Jan 17, 2008 7:08am Jan 17, 2008 7:08am
Quoting Abuawad
i'm holding short from 1.9656, is it good or bad?

hope you have a tighten stop lost ! if not ! it is too bad
  • #49,973
  • Jan 17, 2008 7:09am Jan 17, 2008 7:09am
Quoting Abuawad
i'm holding short from 1.9656, is it good or bad?
good for you banana9009 and bad for me
  • #49,974
  • Jan 17, 2008 7:10am Jan 17, 2008 7:10am
im short @ 9691
  • #49,975
  • Jan 17, 2008 7:12am Jan 17, 2008 7:12am
Quoting banana9009
hope you have a tighten stop lost ! if not ! it is too bad
i already cover my plan for today profit let me take a break from now until tomorrow
  • #49,976
  • Jan 17, 2008 7:14am Jan 17, 2008 7:14am
Quoting sDRs
im short @ 9691
Sorry the question but why u short before Bernake speech?
  • #49,977
  • Jan 17, 2008 7:18am Jan 17, 2008 7:18am
Quoting Designer1
now short time is good target 9540 arround!
Hi Designer..

Do u still believe in your target for today and tomorrow?
If yes, why gbp should go down?
  • #49,978
  • Jan 17, 2008 7:19am Jan 17, 2008 7:19am
Quoting sDRs
im short @ 9691
what is your target?
  • #49,979
  • Jan 17, 2008 7:27am Jan 17, 2008 7:27am
Quoting Abuawad
what is your target?
wrong enter, out with -3 pips
  • #49,980
  • Jan 17, 2008 7:33am Jan 17, 2008 7:33am
Quoting sDRs
wrong enter, out with -3 pips

Sorry for you : 1.968X
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