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Cable Update (GBPUSD)

  • #54,921
  • Feb 20, 2008 3:30am Feb 20, 2008 3:30am
Quoting makey2u
well.. im in until 9640
but i know what you mean.. lets hope bud..
same like me bro....
im in until 9620....
im still hope magic always there
  • #54,922
  • Feb 20, 2008 3:31am Feb 20, 2008 3:31am
Is that a 8-1 cut or hold?
  • #54,923
  • Feb 20, 2008 3:33am Feb 20, 2008 3:33am
should be cut...

hmm
just a 15 pip movement so far..
dissapointment..

since now it is dangerous because there was not a good bullish movement i places my SL to break even. the pair might turn around.

8-1 hmmm

whom was that 1 brave person i wonder
  • #54,924
  • Feb 20, 2008 3:34am Feb 20, 2008 3:34am
that's why I stopped to trade cable anymore.

They voted hold and cable is being sold!

Some weeks ago they cut 0.75 % rate cuts of $ and dollar got stronger.

Under this circumstances someone should be a magician to predict cable movements.

I am out of this.
  • #54,925
  • Feb 20, 2008 3:35am Feb 20, 2008 3:35am
Quoting AmeriTrini
WTF??


as i thought hold
  • #54,926
  • Feb 20, 2008 3:35am Feb 20, 2008 3:35am
funny trap here with the mpc!
  • #54,927
  • Feb 20, 2008 3:37am Feb 20, 2008 3:37am
THe vote was 8 - 1!!

8 for 25 basis point CUT

1 for 50 basis point CUT (Blanchflower)

hence the sell off

9 - 0 was expected for 25
Trading is 80% Emotional, 20% Technical
  • #54,928
  • Feb 20, 2008 3:37am Feb 20, 2008 3:37am
Quoting forexguru
that's why I stopped to trade cable anymore.

They voted hold and cable is being sold!

Some weeks ago they cut 0.75 % rate cuts of $ and dollar got stronger.

Under this circumstances someone should be a magician to predict cable movements.

I am out of this.
they voted 8-1 cut... so isnt it normal for cable to drop now?
  • #54,929
  • Feb 20, 2008 3:40am Feb 20, 2008 3:40am
Time to buy ?
On the path to Enrichment.
  • #54,930
  • Feb 20, 2008 3:41am Feb 20, 2008 3:41am
Well just when you think worst can't happen, worst happens. Geez.......
  • #54,931
  • Feb 20, 2008 3:41am Feb 20, 2008 3:41am
Quoting Bernanke_Sr
they voted 8-1 cut... so isnt it normal for cable to drop now?
I thought 8 - 1 hold, well... I am sure even if it was hold $ still would get stronger.
  • #54,932
  • Feb 20, 2008 3:43am Feb 20, 2008 3:43am
Quoting forexguru
that's why I stopped to trade cable anymore.

They voted hold and cable is being sold!

Some weeks ago they cut 0.75 % rate cuts of $ and dollar got stronger.

Under this circumstances someone should be a magician to predict cable movements.

I am out of this.
that's why I've been saiying for ages in this thread: FORGET THE FUNDAMENTALS, THEY DON'T TELL US NOTHING!

Just follow a technical approach, if correctly done it will forecast this type of movements with odds in your favour. If it doesn't, just always make use of a stop loss...
  • #54,933
  • Feb 20, 2008 3:44am Feb 20, 2008 3:44am
Quoting deboooo2005
as i thought hold
deboooo,...
since it hold... is it mean that cable would bounce?
or it gives no effect and cable stick with the trend?
Never Give Up.....
  • #54,934
  • Feb 20, 2008 3:47am Feb 20, 2008 3:47am
check this scenario out:

King comes out and says they might be cutting 50 bps to boost the economy.

wow that would make me a rich man.

anyway cable doesnt look to be affected by anything.
its just moving south no matter wat.
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #54,935
  • Feb 20, 2008 3:48am Feb 20, 2008 3:48am
Quoting fxfariz
same like me bro....
im in until 9620....
im still hope magic always there

yea bud...i feel you lol, but if we go up, im chaning it to 9640, i bet your hoping to get out fast eh?.. me too
And your mouth dropped
  • #54,936
  • Feb 20, 2008 3:48am Feb 20, 2008 3:48am
Quoting forexguru
that's why I stopped to trade cable anymore.

They voted hold and cable is being sold!

Some weeks ago they cut 0.75 % rate cuts of $ and dollar got stronger.

Under this circumstances someone should be a magician to predict cable movements.

I am out of this.
Couldn't agree more, it is getting more and more difficult by the day!
  • #54,937
  • Feb 20, 2008 3:50am Feb 20, 2008 3:50am
Bought, moved stop to 0, stop hit. Maybe buy again... no, better wait some more to see if something goes down (pun intended).
On the path to Enrichment.
  • #54,938
  • Feb 20, 2008 3:53am Feb 20, 2008 3:53am
Quoting makey2u
yea bud...i feel you lol, but if we go up, im chaning it to 9640, i bet your hoping to get out fast eh?.. me too
hey man doesnt look like 9600 is coming any time soon
especially if todays dollar numbers come in strong.
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #54,939
  • Feb 20, 2008 3:55am Feb 20, 2008 3:55am
i dont think inflation is being controlled by the fed so i believe this number is comin in higher than anticipated.

lets just hope bennie takes it into consideration because he is running out of rates to cut.
lol
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #54,940
  • Feb 20, 2008 3:57am Feb 20, 2008 3:57am
Quoting salah k.
lets just bennie takes it into consideration because he is running out of rates to cut.
lol
agreed
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