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Cable Update (GBPUSD)

  • #50,581
  • Jan 22, 2008 7:28am Jan 22, 2008 7:28am
This don't look good at all,
I will buy JPY all across the board when US sesion opens.

http://money.cnn.com/2008/01/22/mark...ion=2008012207

http://money.cnn.com/data/premarket/index.html
  • #50,582
  • Jan 22, 2008 7:28am Jan 22, 2008 7:28am
Now, tomorrow we have MPC meeting to cut GBP rates so do we keep going down?
  • #50,583
  • Jan 22, 2008 7:29am Jan 22, 2008 7:29am
thx god ..i was on the right side of the spike ...this is hectic!! we need to put the seat belts on
  • #50,584
  • Jan 22, 2008 7:29am Jan 22, 2008 7:29am
Quoting dds_student
a lot of long term shorters stop loss has been hit at 9550 and if it breaks 9585 it will keep going up
well it breaks 9585..
  • #50,585
  • Jan 22, 2008 7:31am Jan 22, 2008 7:31am
Quoting Javed Ashiq
sell or buy what should we do now seeing interest rate decision. any comments.
50/50 agree
  • #50,586
  • Jan 22, 2008 7:33am Jan 22, 2008 7:33am
Quoting JuSh
well it breaks 9585..

shhhh...let the greed kick in :X
  • #50,587
  • Jan 22, 2008 7:33am Jan 22, 2008 7:33am
Quoting Runway Trade
Now, tomorrow we have MPC meeting to cut GBP rates so do we keep going down?
hmm.... dat was interesting.. haha...
  • #50,588
  • Jan 22, 2008 7:34am Jan 22, 2008 7:34am
Quoting dds_student
shhhh...let the greed kick in :X
wat do u thk? a good time to jump in??
  • #50,589
  • Jan 22, 2008 7:35am Jan 22, 2008 7:35am
i'm unloading half my positions at 9585....and holding the other half to 9635ish....
  • #50,590
  • Jan 22, 2008 7:36am Jan 22, 2008 7:36am
damn i knew there was divergence but i wasnt expecting this ..lol good at least im on the right side...hehe
  • #50,591
  • Jan 22, 2008 7:36am Jan 22, 2008 7:36am
QS, did you exit ur short?
  • #50,592
  • Jan 22, 2008 7:39am Jan 22, 2008 7:39am
Quoting thucai
QS, did you exit ur short?
at 19608 is where i have my trendline for channel on daily chart it might hit this area and reverse....and continue in the downtrend if it breaks through ...we are going long

just my analysis
  • #50,593
  • Jan 22, 2008 7:39am Jan 22, 2008 7:39am
Quoting thucai
QS, did you exit ur short?
still short. i think its going to drop... i mean big drop.
"Invest With The Insiders, Not The Masses" George Muzea
  • #50,594
  • Jan 22, 2008 7:41am Jan 22, 2008 7:41am
Quoting Qu|cksilver
still short. i think its going to drop... i mean big drop.
what is your SL?
  • #50,595
  • Jan 22, 2008 7:41am Jan 22, 2008 7:41am
Quoting Qu|cksilver
I short at 9581.

thats a good call i think ....
  • #50,596
  • Jan 22, 2008 7:42am Jan 22, 2008 7:42am
Quoting dds_student
what is your SL?
1.9600
"Invest With The Insiders, Not The Masses" George Muzea
  • #50,597
  • Jan 22, 2008 7:43am Jan 22, 2008 7:43am
Quoting Qu|cksilver
still short. i think its going to drop... i mean big drop.
where is the resistance?
  • #50,598
  • Jan 22, 2008 7:45am Jan 22, 2008 7:45am
I am still long from 1.9345
  • #50,599
  • Jan 22, 2008 7:45am Jan 22, 2008 7:45am
Quoting JuSh
where is the resistance?
1.9598
"Invest With The Insiders, Not The Masses" George Muzea
  • #50,600
  • Jan 22, 2008 7:46am Jan 22, 2008 7:46am
Quoting edward77
I am still long from 1.9345
wow!!! how many lots do you have and what timeframe did you traded in?
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