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Cable Update (GBPUSD)

  • #52,521
  • Feb 7, 2008 3:02am Feb 7, 2008 3:02am
4:30am UK Industrial Prod. 50.2%(E) -0.1%(P) 0.2%(S) 40M
7:00am UK Interest rate 5.25%(E) 5.50%(P) 0.25%(S) 50M
7:45am EUR Interest Rate 4.00%(E) 4.00%(P) 0.25%(S) 50M
8:30am EUR Trichet Speaks
E = Expected
P = Previous
S = Surprise Factor
M = Expected Movement in Pips if surprise factor is reached.
Don't chase the market, Let the market come to you
  • #52,522
  • Feb 7, 2008 3:07am Feb 7, 2008 3:07am
I believe its going to go down...my stop is 9663 and my limit is 9515...i place my limit there since the we have a 127 fib extension from the big A-B swing in the one hour chart...and macd is also is saying short...what do you guys think...
  • #52,523
  • Feb 7, 2008 3:09am Feb 7, 2008 3:09am
up cable up!!!

  • #52,524
  • Feb 7, 2008 3:13am Feb 7, 2008 3:13am
http://i81.photobucket.com/albums/j2...pifagiph-4.gif

hats off to you jacob! some gr8 forex skills there!
I believe . . .
  • #52,525
  • Feb 7, 2008 3:15am Feb 7, 2008 3:15am
Quoting jacobtrader
This will be Bearish for GBP.. Cause there aint much Industrial production happening in UK.. with Inflationary pressures high.. and other economic understanding.. I see it to show below then expectation.. which is bearish for GBP

And with Equities falling.. is an added value.
If bearish means going ^, then, you'll see bearish when 430am est comes around.......

15mins till blast off!
  • #52,526
  • Feb 7, 2008 3:16am Feb 7, 2008 3:16am
Quoting jacobtrader
Sounds funny... I have been telling it even when the price was 1.9620.. So i think gbp/usd already did fall around 60 pips.. ..
And more down to come

30 mins more for the data..
do u think the news about to come out will push cable deep down ?
  • #52,527
  • Feb 7, 2008 3:17am Feb 7, 2008 3:17am
Quoting hilmiy2k
do u think the news about to come out will push cable deep down ?
Yes.. it will push it down... let see how the data comes.. but i do see it to be bad for GBP
  • #52,528
  • Feb 7, 2008 3:20am Feb 7, 2008 3:20am
Quote
Yes.. it will push it down... let see how the data comes.. but i do see it to be bad for GBP
but the calander forecasts a rise in the industrial prodution for GBP there is evena rise in manufacturing production...what will you say abt that...
I believe . . .
  • #52,529
  • Feb 7, 2008 3:28am Feb 7, 2008 3:28am
Quoting jacobtrader
Yes.. it will push it down... let see how the data comes.. but i do see it to be bad for GBP
TRIPLE BOTTOM
Attached Image
  • #52,530
  • Feb 7, 2008 3:33am Feb 7, 2008 3:33am
yesss cable down again

thanks JacobT


hehehehe
  • #52,531
  • Feb 7, 2008 3:33am Feb 7, 2008 3:33am
Cable goes down another 20 pips and it's setting sail for 1.9460, at least.
  • #52,532
  • Feb 7, 2008 3:34am Feb 7, 2008 3:34am
hmmm maybe the BOE wont cut.....
  • #52,533
  • Feb 7, 2008 3:35am Feb 7, 2008 3:35am
Quoting AmeriTrini
hmmm maybe the BOE wont cut.....
UP CABLE UP!!!
"IT'S GOING TO BE LIKE COMING INTO THE JUNGLE" - K G
  • #52,534
  • Feb 7, 2008 3:38am Feb 7, 2008 3:38am
For what is it worth
I really don't advice any of you guys to listen to jacobtrader's suggestions. I've read through some of them, and they aren't founded on any strong technical or fundamental principles.

Best of luck for today's volative journey.
  • #52,535
  • Feb 7, 2008 3:38am Feb 7, 2008 3:38am
hmm...the nes that came out just nowshould definitely be a bearish sign for gbp, and that's what's happening, maybe it will be the interste rates that will look to effect the GBp ina bullish pattern...
I believe . . .
  • #52,536
  • Feb 7, 2008 3:39am Feb 7, 2008 3:39am
people still have hope for UP UP ! loool
  • #52,537
  • Feb 7, 2008 3:43am Feb 7, 2008 3:43am
Most of you here all look very new.. Well we have a MSN Chatting conversation with some fellows.. so if anyone wants to join PM me..
  • #52,538
  • Feb 7, 2008 3:45am Feb 7, 2008 3:45am
Quoting BDtrading
For what is it worth
I really don't advice any of you guys to listen to jacobtrader's suggestions. I've read through some of them, and they aren't founded on any strong technical or fundamental principles.

Best of luck for today's volative journey.


Hahha.. here comes another newbee
And foremost, i dont want anyone to listen my suggestions.. trade at your own risk.. i put up. what i see.. whats happening.. And i mentioned the insight report to you all.. that Data will be bad for GBP.. and it came.. now i have further more information on BOE interest rates..
  • #52,539
  • Feb 7, 2008 3:47am Feb 7, 2008 3:47am
Well Well - Guess I was wrong in thinking that G/U wouldn't go past
9550 before I R statement. Then again I wasn't thinkin' that the I P & M P
numbers would come out negative. Good Call Jacob!
I got out of my short @ 9555 - still got 50+ though
Do you have a friend in power that gave you a heads up on the #'s?
Just Joking!

Now the question is will it be a .25 cut or .50 cut???
  • #52,540
  • Feb 7, 2008 3:48am Feb 7, 2008 3:48am
Quote
Hahha.. here comes another newbee
And foremost, i dont want anyone to listen my suggestions.. trade at your own risk.. i put up. what i see.. whats happening.. And i mentioned the insight report to you all.. that Data will be bad for GBP.. and it came.. now i have further more information on BOE interest rates..
go on Jacob...we are listneing...
I believe . . .
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