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Cable Update (GBPUSD)

  • #50,741
  • Jan 23, 2008 3:52am Jan 23, 2008 3:52am
@deboo
8-1 the vote ?
can you tell me where we can see the website ?
thx
Don't Pray when market against You!!!!
  • #50,742
  • Jan 23, 2008 3:52am Jan 23, 2008 3:52am
Quoting Gubster
news all positive for uk and GBP. can only see GBP going up! UK ecomony is healthy and the USA panicked
But it seems that cable is hardly going up, strange
  • #50,743
  • Jan 23, 2008 3:56am Jan 23, 2008 3:56am
Quoting JaGuaR
0.6% on FF.
thank you...
(how come this result didn't shows on my FF?)
Never Give Up.....
  • #50,744
  • Jan 23, 2008 3:57am Jan 23, 2008 3:57am
its a good idea to keep watching cable instead of playing cable right now....from my charts all the indicators are all saying different things....
  • #50,745
  • Jan 23, 2008 4:03am Jan 23, 2008 4:03am
Quoting Gubster
news all positive for uk and GBP. can only see GBP going up! UK ecomony is healthy and the USA panicked
I see it as even with good news cable could not break the 61.8Fibo! so that will mean more down if it breaks 50% Fibo, ells just keep ranging between 50 and 61
  • #50,746
  • Jan 23, 2008 4:05am Jan 23, 2008 4:05am
Quoting dds_student
its a good idea to keep watching cable instead of playing cable right now....from my charts all the indicators are all saying different things....
what did your indicators say?
  • #50,747
  • Jan 23, 2008 4:08am Jan 23, 2008 4:08am
Quoting ngeng2x
@deboo
8-1 the vote ?
can you tell me where we can see the website ?
thx
http://www.forexfactory.com/calendar.php
  • #50,748
  • Jan 23, 2008 4:08am Jan 23, 2008 4:08am
Quoting dds_student
its a good idea to keep watching cable instead of playing cable right now....from my charts all the indicators are all saying different things....
yes, indicators will do that.
  • #50,749
  • Jan 23, 2008 4:13am Jan 23, 2008 4:13am
Quoting Runway Trade
I see it as even with good news cable could not break the 61.8Fibo! so that will mean more down if it breaks 50% Fibo, ells just keep ranging between 50 and 61

the way i think about it was cable was downtrending the day before yesterday. then it skyrocketed roughly 150 pips before the us rate cut...then when the rate cut was annouced another 150 pips....then we find out the us market wasnt too bad so it pulled back a bit....then gdp report and rate cut report came out for uk...no rate cut gdp report is somewhat ok...the economy is strong.....but not strong enough...so its not too good of news...therefore that is why cable is just trading in range....nothing to change its mood
  • #50,750
  • Jan 23, 2008 4:17am Jan 23, 2008 4:17am
Quoting JuSh
what did your indicators say?
attached...my trading system is telling me hands off at the moment...
  • #50,751
  • Jan 23, 2008 4:19am Jan 23, 2008 4:19am
oops here it is
Attached Image
  • #50,752
  • Jan 23, 2008 4:39am Jan 23, 2008 4:39am
Quoting dds_student
oops here it is
thanks darling
  • #50,753
  • Edited 4:54am Jan 23, 2008 4:52am | Edited 4:54am
Quoting AmeriTrini
yes, indicators will do that.
Cable is consolidating for a breakout on the daily Chart. Upside??? Downside??? Only time will tell.
Humble Lifetime Member
  • #50,754
  • Jan 23, 2008 5:09am Jan 23, 2008 5:09am
I have never traded GJ. Can anyone tell me how liquid is that pair? Do you wait long for your orders to be executed?
  • #50,755
  • Jan 23, 2008 5:23am Jan 23, 2008 5:23am
my trading system states that if cable breaks below 1.9534 that there is a 85% chance it will continue to 1.9506...and if it breaks that 90% chance it will continue....but we will see....


i set up my trading system like no limit poker odds
  • #50,756
  • Jan 23, 2008 5:25am Jan 23, 2008 5:25am
Quoting Runway Trade
I have never traded GJ. Can anyone tell me how liquid is that pair? Do you wait long for your orders to be executed?

hahaa 30 to 50 pip bars every bar up down down up, No u dont wait long for entry
"Millionaires don't use astrology, billionaires do"
  • #50,757
  • Jan 23, 2008 6:19am Jan 23, 2008 6:19am
Pound Mixed Againts Major


In early deals on Wednesday, the British pound strengthened against the euro but it trended down against the rest of majors. Investors considered UK's fourth quarter GDP data and minutes of the Bank of England's recent MPC meeting. The sterling strengthened against its European counterpart amid the across the board weakening of the latter.

Latest report from the UK national statistical office showed that the British economy grew at a slower pace of 2.9% year-on-year in the fourth quarter, compared to 3.3% in the third quarter. Sequentially, the growth rate stood at 0.6% in the fourth quarter, slightly down from 0.7% recorded in third quarter, the lowest growth rate since the third quarter of 2006. But the economy grew more than analyst's prediction of 0.5%.

Read more here: Pound Mixed Againts Major
  • #50,758
  • Jan 23, 2008 6:54am Jan 23, 2008 6:54am
Quoting Runway Trade
I have never traded GJ. Can anyone tell me how liquid is that pair? Do you wait long for your orders to be executed?
I only will said, SL 100 pips. It is the very, very volatile. It moves very fast, in fact, you could get 40, to 80 pips in a metter of minutes. When other JPY crosses move 20 to 30 pips, this one moves 40 to 80 pips. The next one is the AUS/JPY, also volatile.
  • #50,759
  • Jan 23, 2008 7:20am Jan 23, 2008 7:20am
Quoting Carrera
I only will said, SL 100 pips. It is the very, very volatile. It moves very fast, in fact, you could get 40, to 80 pips in a metter of minutes. When other JPY crosses move 20 to 30 pips, this one moves 40 to 80 pips. The next one is the AUS/JPY, also volatile.
Thanks for the info. Will"trade" lightly
  • #50,760
  • Jan 23, 2008 7:22am Jan 23, 2008 7:22am
my trading system tells me if it breaks the 1.9441 it will continue to downfall...so far it broke the 38.2 fibbo at 1.9506....still holdong on...the H4 chart tells me there is more downward spiral
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