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Cable Update (GBPUSD)

  • #50,661
  • Jan 22, 2008 6:59am Jan 22, 2008 6:59am
why do people believe it will go long, anyone???
oops i see theres a answer already
its oversoled at the moment on 15 munute chart means its likely to go up in pricewhen it get overbought it miht for a negative divergence and price may fall heavily..what do u guys think?
  • #50,662
  • Jan 22, 2008 6:59am Jan 22, 2008 6:59am
Quoting JuSh
bt i think will not be that easy... haha
i think EURUSD is easier to play....look at it's H4 chart....look how beautiful it went....i dont know why sometimes i play GBP....playing the EURO is safer sometimes because it has so much more nations.....
  • #50,663
  • Jan 22, 2008 7:01am Jan 22, 2008 7:01am
Quoting the01
in my opinion the cable will go up till 5am GMT time tomorrow, be cautious for the release of
GMT

09:30 AM

GBP Bank of England Minutes http://www.dailyfx.com/export/sites/...cal-Medium.gif



GMT

09:30 AM

GBP Gross Domestic Product (QoQ) (4Q A)http://www.dailyfx.com/export/sites/...o-cal-High.gif0.5%0.7%


GMT

09:30 AM

GBP Gross Domestic Product (YoY) (4Q A)http://www.dailyfx.com/export/sites/...o-cal-High.gif2.8%3.3%
tomorrow? hmmm....ic....
  • #50,664
  • Jan 22, 2008 7:02am Jan 22, 2008 7:02am
Quoting dds_student
i think EURUSD is easier to play....look at it's H4 chart....look how beautiful it went....i dont know why sometimes i play GBP....playing the EURO is safer sometimes because it has so much more nations.....
i agree, but sometimes still long for GBP, hahaha....
  • #50,665
  • Jan 22, 2008 7:05am Jan 22, 2008 7:05am
Im long @ 1.9524, tp 1.9550
  • #50,666
  • Jan 22, 2008 7:08am Jan 22, 2008 7:08am
1.9482 price isnt happy to go below this point..i think im just gonna sit this one out ...as im confused as to where this mother wants to go
  • #50,667
  • Jan 22, 2008 7:08am Jan 22, 2008 7:08am
Quoting dds_student
i think EURUSD is easier to play....look at it's H4 chart....look how beautiful it went....i dont know why sometimes i play GBP....playing the EURO is safer sometimes because it has so much more nations.....
u play euro oso?
  • #50,668
  • Jan 22, 2008 7:09am Jan 22, 2008 7:09am
Quoting sDRs
Im long @ 1.9524, tp 1.9550
stop?
  • #50,669
  • Jan 22, 2008 7:09am Jan 22, 2008 7:09am
Quoting nAVIN2007
1.9482 price isnt happy to go below this point..i think im just gonna sit this one out ...as im confused as to where this mother wants to go
next rate cut instead of longing GBP im going to long EUR...
  • #50,670
  • Jan 22, 2008 7:10am Jan 22, 2008 7:10am
Quoting JuSh
stupid cable!!!!!!
if cable stupid........
i must be rich right now.......
have a nice trade...
Never Give Up.....
  • #50,671
  • Jan 22, 2008 7:11am Jan 22, 2008 7:11am
Quoting JuSh
u play euro oso?

i play
GBPUSD
EURUSD
USDJPY (don't like it very much but i do play)
AUDUSD
USDCHF
USDCAD

as you see i'm an american...i play with USD in it...and i play the major ones
  • #50,672
  • Jan 22, 2008 7:11am Jan 22, 2008 7:11am
Quoting nAVIN2007
1.9482 price isnt happy to go below this point..i think im just gonna sit this one out ...as im confused as to where this mother wants to go
When in doubt set it out. Study is all i will do for now
  • #50,673
  • Jan 22, 2008 7:12am Jan 22, 2008 7:12am
Quoting albertotralzt
stop?
510
  • #50,674
  • Jan 22, 2008 7:14am Jan 22, 2008 7:14am
changed tp at 9540 and its already taken
  • #50,675
  • Jan 22, 2008 7:14am Jan 22, 2008 7:14am
Quoting sDRs
510
i think after everyone realizes the news and everything gets settled down again it will go back to being TA....
  • #50,676
  • Jan 22, 2008 7:18am Jan 22, 2008 7:18am
Quoting lantzhansen
When in doubt set it out. Study is all i will do for now
good advise i say!!!!!!

happy trading
  • #50,677
  • Jan 22, 2008 7:22am Jan 22, 2008 7:22am
im going to go out and do stuff now and take a nap later...see you guys all back in roughly 17 hours-ish
  • #50,678
  • Jan 22, 2008 7:34am Jan 22, 2008 7:34am
Going to stop now and have a beer. This is not tradeing its gambling at the moment
  • #50,679
  • Jan 22, 2008 7:35am Jan 22, 2008 7:35am
Not really gambling - GBP respects all the pivot points / resistance levels, and makes anticipated stops and bounces. Just beautiful
"Luxury is one of the basic needs", (c), Don Corleone
  • #50,680
  • Jan 22, 2008 7:40am Jan 22, 2008 7:40am
i told you guys it will go up.. but if you have the chance to liquadate with profit, take the chance remember the data 930am GMT time, it also not good for the cable, it still safer to trade for the euro
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