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Cable Update (GBPUSD)

  • #52,461
  • Feb 6, 2008 8:50pm Feb 6, 2008 8:50pm
gbp/usd does have a 25 bp cut priced into current rates. Price action post decision will be determined by the statement afterwards. I'm forecasting a dovish stance by the BOE. Cable should go down to 1.9480 today IMO
"Timing Is Everything. Really I Swear It Is"
  • #52,462
  • Feb 6, 2008 8:56pm Feb 6, 2008 8:56pm
seems pound will run down till 1.9500 today...

GL
  • #52,463
  • Feb 6, 2008 9:02pm Feb 6, 2008 9:02pm
GBPhttp://www.forexfactory.com/images/m...mpact_high.gifIndustrial Production m/m
http://www.forexfactory.com/images/m...dar_detail.gif
0.2%-0.1%


seems good for cable
  • #52,464
  • Feb 6, 2008 9:08pm Feb 6, 2008 9:08pm
Hello and good morning everybody! so how was yesterday...pippin'?...

anyways my short position is still intact..i went short 1.9597 and th cable is still in that consolidation period..it sucks to be ina trade during a consolidation process..ahhh! anyways when is the news coming...any idea??

oh and btw...

http://i81.photobucket.com/albums/j2...pifagiph-3.gif

i think during the night bulls seem to have broken the resistance level but even then the cable looks to continue the downtrend..another sign for good enough bear presure...untill the news comes out...
I believe . . .
  • #52,465
  • Feb 6, 2008 9:16pm Feb 6, 2008 9:16pm
How's the goin for today?
  • #52,466
  • Feb 6, 2008 9:34pm Feb 6, 2008 9:34pm
guys when is the news coming...any idea? check in ppl..wheer is everybdy...
I believe . . .
  • #52,467
  • Feb 6, 2008 9:51pm Feb 6, 2008 9:51pm
Good Morning Every Body. Seems like bears gonna stay in kinda long before shooting up. Happy Hunting peepz.
  • #52,468
  • Feb 6, 2008 9:59pm Feb 6, 2008 9:59pm
we are weekly up this last two days we are going up and up

i am still stick with my words we can have forever up from now

lower was 9553 no more

channel is already created upside in daily chart

there is no chance to go down now

i am long from 9594
  • #52,469
  • Feb 6, 2008 10:12pm Feb 6, 2008 10:12pm
gu being weired at the moment..seemed like don't know which way to go...volotile upside down...
  • #52,470
  • Feb 6, 2008 10:17pm Feb 6, 2008 10:17pm
Quoting hilmiy2k
gu being weired at the moment..seemed like don't know which way to go...volotile upside down...
hmm that's true...too much of unceratainity, ia m out till the news time...lol! this consolidation process ate up all my pips fro monday anmd tuesday...does'nt matter hope i can get somehing out from the news time...
I believe . . .
  • #52,471
  • Feb 6, 2008 10:34pm Feb 6, 2008 10:34pm
guys do u all think it's the right time gu going up right now?
  • #52,472
  • Feb 6, 2008 10:36pm Feb 6, 2008 10:36pm
AmeriTrini......
Runway Trade has remind us about MPC meeting result on january...
so now, how big do you think IR Cut effect?
would it hold cable to go up?
the way i see, it's time for cable to accelerate...
Never Give Up.....
  • #52,473
  • Feb 6, 2008 10:38pm Feb 6, 2008 10:38pm
Quote
guys do u all think it's the right time gu going up right now?
i guess so, i am on the hourly chart and it loks very good for a bull pattern now...the 5 min and the 30 min already show a bullish though the 4h chart is still a bit behind just a few hours till se see a full time up trend...i am already long at 1.9623..

best of luck!
I believe . . .
  • #52,474
  • Feb 6, 2008 10:41pm Feb 6, 2008 10:41pm
Today we will see 1.97xx for me it will go to 1.9761 23.6% Fibo (at least) on daily. Gold going up = USD going down = GBP going up! I'm long from 1.9584 won't close it till we see 2.xxx
  • #52,475
  • Feb 6, 2008 10:50pm Feb 6, 2008 10:50pm
Quoting Runway Trade
Today we will see 1.97xx for me it will go to 1.9761 23.6% Fibo (at least) on daily. Gold going up = USD going down = GBP going up! I'm long from 1.9584 won't close it till we see 2.xxx

"IT'S GOING TO BE LIKE COMING INTO THE JUNGLE" - K G
  • #52,476
  • Feb 6, 2008 10:50pm Feb 6, 2008 10:50pm
Quoting lessy
AmeriTrini......
Runway Trade has remind us about MPC meeting result on january...
so now, how big do you think IR Cut effect?
would it hold cable to go up?
the way i see, it's time for cable to accelerate...
25bp is already priced in, the statement is what is impotant, the statement should be hawkish because of inflation and this will be bullish for cable.

Im confident in seeing atleast 1.9780.
  • #52,477
  • Feb 6, 2008 11:02pm Feb 6, 2008 11:02pm
Quoting BenQ
Bones, is that an indicator drawing your channels? If yes, can you please post it? Thx.
Ever heard of Tom Demark ?Now I havnt read his book yet but I will ,this is a great tool honestly would not b without it


Ameri dont you sleep !!
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #52,478
  • Feb 6, 2008 11:03pm Feb 6, 2008 11:03pm
Quoting AmeriTrini
25bp is already priced in, the statement is what is impotant, the statement should be hawkish because of inflation and this will be bullish for cable.

Im confident in seeing atleast 1.9780.
Thank you...
Never Give Up.....
  • #52,479
  • Feb 6, 2008 11:05pm Feb 6, 2008 11:05pm
Quoting AmeriTrini
25bp is already priced in, the statement is what is impotant, the statement should be hawkish because of inflation and this will be bullish for cable.

Im confident in seeing atleast 1.9780.

friend cable is going deep down...we will c 1.9500
  • #52,480
  • Feb 6, 2008 11:06pm Feb 6, 2008 11:06pm
Quoting hilmiy2k
friend cable is going deep down...we will c 1.9500
Not today, no.
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