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Cable Update (GBPUSD)

  • #56,181
  • Feb 27, 2008 3:36am Feb 27, 2008 3:36am
Quoting salah k.
gotta tell u man u hit were it hurts
congrats
hope it hits ur tp today
Thank you sir, i did tell you to sell aat 66 though so far if you take 10pips profit you'd be out on all my calls but im greedy i like to take my time on the hogs, so this B*Tch is gonna give me some DOugh tonight baby.
And your mouth dropped
  • #56,182
  • Feb 27, 2008 3:36am Feb 27, 2008 3:36am
Quoting Bones
Last months high has been broken, (Job Done) but really I’m not seeing a close above it this week that’s why I sold the rejection ,lets see what the news brings us,
Im thinking retrace.
Im also thinking a break and close on daily over last month high is gonna shoot this to the sky,but shes a bit streched for that isnt she?
seems that she is.
but crazy market so who knows.
lets c wat bernanke has to say.
i think he hates the dollar so ..........
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #56,183
  • Feb 27, 2008 3:38am Feb 27, 2008 3:38am
Quoting makey2u
Thank you sir, i did tell you to sell aat 66 though so far if you take 10pips profit you'd be out on all my calls but im greedy i like to take my time on the hogs, so this B*Tch is gonna give me some DOugh tonight baby.
lets just wait for US numbers and bernanke
u never know u might change ur mind and close those shorts
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #56,184
  • Feb 27, 2008 3:40am Feb 27, 2008 3:40am
Quoting salah k.
lets just wait for US numbers and bernanke
u never know u might change ur mind and close those shorts
naaaaaaaaww im going to bed NIGHT ppeeople
And your mouth dropped
  • #56,185
  • Feb 27, 2008 3:41am Feb 27, 2008 3:41am
Quoting Subdude
LOL, now that's funny... the earthquake took place like 9 hours ago.
yep
If I Go Broke Trying Then I Will die happy.
  • #56,186
  • Feb 27, 2008 3:41am Feb 27, 2008 3:41am
Quoting Subdude
LOL, now that's funny... the earthquake took place like 9 hours ago.

Yes at 1.00am UK time ... so what are you saying? The currency traders put on their dressing gowns and raced off to work???
  • #56,187
  • Feb 27, 2008 3:48am Feb 27, 2008 3:48am
it doesnt look like this puppy is going down..
  • #56,188
  • Feb 27, 2008 3:49am Feb 27, 2008 3:49am
Quoting Daisygirl
Yes at 1.00am UK time ... so what are you saying? The currency traders put on their dressing gowns and raced off to work???
Maybe I misunderstood you - you were referring to the 100 pip drop from 1.9970??? If so, please explain how the earthquake delayed this event by almost half a day.
  • #56,189
  • Feb 27, 2008 3:53am Feb 27, 2008 3:53am
Quoting Daisygirl
Yes at 1.00am UK time ... so what are you saying? The currency traders put on their dressing gowns and raced off to work???
There has been significant time for that news to create any reaction ...if it was going to ...well before the GBP rallied this morning
  • #56,190
  • Feb 27, 2008 3:55am Feb 27, 2008 3:55am
Quoting nAVIN2007
it doesnt look like this puppy is going down..

looks like out of steam at the moment.
plus people probably took their profit.
waiting for bernanke he might be able to push it past 2.00
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #56,191
  • Feb 27, 2008 4:05am Feb 27, 2008 4:05am
Quoting Subdude
If so, please explain how the earthquake delayed this event by almost half a day.

http://www.forexfactory.com/images/icons/icon10.gif

Well, this is just my opinion, but when the london market opens, they have to process all their orders from customers that have been placed overnight. GPB/JPY dropped nearly 200 pips ... that is not usual on the open unless some really bad fundemental news has been leaked which I've looked for but can't find.

Now that the orders are processed (and a lot of stops triggered along the way!) it seems like there is no follow through in the selling. If it was fundemental news (say a rumour about the GDP numbers being bad), it would have risen back sharply once the data release confirmed that the rumour was false. But the price seems to be just sitting still so I don't believe it was a rumour - I think it was overnight panic orders.

But ... just my opinion only and I'm not a fundemental news expert.

http://www.forexfactory.com/images/icons/icon10.gif
  • #56,192
  • Feb 27, 2008 4:06am Feb 27, 2008 4:06am
Quoting salah k.
looks like out of steam at the moment.
plus people probably took their profit.
waiting for bernanke he might be able to push it past 2.00
my method for trading has failed me in the past 2 days...i need to sit this one out b4 jumping into the frying pan
  • #56,193
  • Feb 27, 2008 4:08am Feb 27, 2008 4:08am
Quoting nAVIN2007
my method for trading has failed me in the past 2 days...i need to sit this one out b4 jumping into the frying pan
thats make two of us im working at the moment with metals
gr8 volatility from silver
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #56,194
  • Feb 27, 2008 4:12am Feb 27, 2008 4:12am
I love forex
Trade what you see, not what you think.
  • #56,195
  • Feb 27, 2008 4:12am Feb 27, 2008 4:12am
Buy in a stickly overbought situation sounds wrong but Tempting as well

Descipline says: Trade your Rules. Stay away from Long in O/B 21RSI


Any one with me? This move is surely aberrant and Trickish.

PATIENCE RULES
  • #56,196
  • Feb 27, 2008 4:12am Feb 27, 2008 4:12am
Quoting Daisygirl
http://www.forexfactory.com/images/icons/icon10.gif

Now that the orders are processed (and a lot of stops triggered along the way!) it seems like there is no follow through in the selling. If it was fundemental news (say a rumour about the GDP numbers being bad), it would have risen back sharply once the data release confirmed that the rumour was false. But the price seems to be just sitting still so I don't believe it was a rumour - I think it was overnight panic orders.
First, forex trades 24 hours a day, so there are no "overnight" orders. Second, the drop started roughly 45 minutes after LSE opened, so that's not it either.
  • #56,197
  • Feb 27, 2008 4:14am Feb 27, 2008 4:14am
FTSE is getting nailed so far 60 point decline
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #56,198
  • Feb 27, 2008 4:15am Feb 27, 2008 4:15am
Quoting karmostaji
I love forex
me too even when i lose
  • #56,199
  • Feb 27, 2008 4:16am Feb 27, 2008 4:16am
Quoting Subdude
First, forex trades 24 hours a day, so there are no "overnight" orders. Second, the drop started roughly 45 minutes after LSE opened, so that's not it either.
third euro hanged in and didnt fall with it.
third the drop came almost 8 minutes after geppy.
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #56,200
  • Feb 27, 2008 4:16am Feb 27, 2008 4:16am
This is an example for all the newbie's that 'overbought' and 'oversold' means nothing lol

so, start learning about PRICE ACTION.
Trade what you see, not what you think.
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