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Cable Update (GBPUSD)

  • #50,541
  • Jan 22, 2008 5:49am Jan 22, 2008 5:49am
Quoting deboooo2005
Hi Qs ... breaking 1.9532 ... no place for short
Thanks bro.
"Invest With The Insiders, Not The Masses" George Muzea
  • #50,542
  • Jan 22, 2008 5:52am Jan 22, 2008 5:52am
Quoting Gubster
just go to google news and type in

'early rate cut by the fed'.

you will find the news everywhere!!
yes, i just read it

from my understanding

1) the CBI report came out more better than expected. they were expecting 0% growth, but it came out to be 2%

2) if GBPUSD hits 9550 area and above (alot of shorter's buy stop loss) and it goes higher to 9585 then its a full bulls market

3) if you are right about the early rate cut once again its a full bulls market

4) my TA trading system is telling me to go long...so if this all lines up....then i'm in it for the long run...but i may unload my positions sooner than i thought...im waiting on the US to open its market

word of warning...i could be wrong so dont follow my positions...follow your own.....
  • #50,543
  • Jan 22, 2008 5:55am Jan 22, 2008 5:55am
Quoting gunset
may I know the 4H system that work for you??? how much is the sl??

i'm still testing it but so far it has giving more many green pips...today is just another test...
  • #50,544
  • Jan 22, 2008 6:08am Jan 22, 2008 6:08am
i just read that bond investors who were bullish in 2007 are now selling their bonds and going into other higher yielding securities. i think this signalifies a true rate cut...but let's dont get our hopes up in 2.5 hours...lol
  • #50,545
  • Jan 22, 2008 6:15am Jan 22, 2008 6:15am
MM game will continue.... im still in short...
  • #50,546
  • Jan 22, 2008 6:20am Jan 22, 2008 6:20am
gbp/usd testing the 19530 reistance at the moment. not long before break through
  • #50,547
  • Jan 22, 2008 6:20am Jan 22, 2008 6:20am
tomorow MPC Meeting Minutes was 9-0 cut anyone know anything about forecast
  • #50,548
  • Jan 22, 2008 6:21am Jan 22, 2008 6:21am
Quoting Qu|cksilver
Thanks bro.
nice 2 see you back qs
  • #50,549
  • Jan 22, 2008 6:25am Jan 22, 2008 6:25am
Well, today could be a very bad day for US markets.
Futures already are close to -500

Market open in 2 hours and is looking bad big time.

See number bellow and the time.
Attached Image (click to enlarge)
Click to Enlarge Name: US Futures.png Size: 25 KB
  • #50,550
  • Jan 22, 2008 6:27am Jan 22, 2008 6:27am
Quoting Carrera
Well, today could be a very bad day for US markets.
Futures already are close to -500

Market open in 2 hours and is looking bad big time.

See number bellow and the time.
where did you get that chart?
  • #50,551
  • Jan 22, 2008 6:30am Jan 22, 2008 6:30am
Nice catch buddy..watch 207..if break..will down again.

Quoting Ironman
Im in short position G/U 1.9542 a G/J 208.02
  • #50,552
  • Jan 22, 2008 6:31am Jan 22, 2008 6:31am
Quoting Carrera
Well, today could be a very bad day for US markets.
Futures already are close to -500

Market open in 2 hours and is looking bad big time.

See number bellow and the time.
GBP rocks!!!!
  • #50,553
  • Jan 22, 2008 6:34am Jan 22, 2008 6:34am
Quoting dds_student
where did you get that chart?
Here...
http://money.cnn.com/data/premarket/index.html

This is one of the best site to see what is going on in all markets.

Just explore it and you will learn a lot and improve your trading.

Also good news about economics.
  • #50,554
  • Jan 22, 2008 6:37am Jan 22, 2008 6:37am
....went to bed when i was +110 pips with no SL.....now -90 pips
  • #50,555
  • Jan 22, 2008 6:38am Jan 22, 2008 6:38am
Quoting Carrera
Here...
http://money.cnn.com/data/premarket/index.html

This is one of the best site to see what is going on in all markets.

Just explore it and you will learn a lot and improve your trading.

Also good news about economics.
thank you...
  • #50,556
  • Jan 22, 2008 6:39am Jan 22, 2008 6:39am
Quoting 30pips
....went to bed when i was +110 pips with no SL.....now -90 pips
ouch! what timeframe were you trading in?....with 110 pips i would have exited my positions and be happy not touching the computer for a whole week!
  • #50,557
  • Jan 22, 2008 6:47am Jan 22, 2008 6:47am
Quoting dds_student
ouch! what timeframe were you trading in?....with 110 pips i would have exited my positions and be happy not touching the computer for a whole week!
...i use daily,dow future still showing -550 ....i believe we'll go back to 9300's before the end of NY session!
  • #50,558
  • Jan 22, 2008 6:47am Jan 22, 2008 6:47am
Quoting 30pips
....went to bed when i was +110 pips with no SL.....now -90 pips
You must move your SL at 50 pips secure or traling 25 pips.

This is forex 101 buddy and not SL you fail in this easy test.
  • #50,559
  • Jan 22, 2008 6:47am Jan 22, 2008 6:47am
DOWN cable DOWN !!!
  • #50,560
  • Jan 22, 2008 7:06am Jan 22, 2008 7:06am
Quoting Ironman
DOWN cable DOWN !!!
...!
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