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Cable Update (GBPUSD)

  • #57,301
  • Edited 12:48am Mar 6, 2008 12:32am | Edited 12:48am
Good Day

We Still in the same Range from Few Days .... break yellow line we go up ... break red line we go down

Short Possbility
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  • #57,302
  • Mar 6, 2008 1:12am Mar 6, 2008 1:12am
is this silence before the strom???
  • #57,303
  • Mar 6, 2008 1:21am Mar 6, 2008 1:21am
makey Bro'..
have any comment 'bout Halifax house index news?
Never Give Up.....
  • #57,304
  • Mar 6, 2008 1:52am Mar 6, 2008 1:52am
What will happen if they leave Pound rates As same? ... any opinion
  • #57,305
  • Mar 6, 2008 1:56am Mar 6, 2008 1:56am
Quoting deboooo2005
What will happen if they leave Pound rates As same? ... any opinion
then we might c 2.01 easy.
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #57,306
  • Mar 6, 2008 2:00am Mar 6, 2008 2:00am
Quoting Abuawad
Ahleen, al hamdullah tmam 'hi, i'm fine'.
my bet !! i don't think that the word that we have to use it here in Forex, hawevor check the analysis for today... i'm already out the market now.
Salam alikum, kaifak. menin?
  • #57,307
  • Mar 6, 2008 2:10am Mar 6, 2008 2:10am
Hello people. just joined the forum yesterday. Was long on the GBPUSD yesterday and was 30 pips from emptying my account, had my stop just below 19700. Was bullish purely on the daily chart looking like its turning up, looks like the beginning of an up trend.
Eventually moved my stops up to about 19920 and got stopped out.

Just gone long again @ 19945 with a stop at the 19900 level
PIPPED TO THE LINE
  • #57,308
  • Mar 6, 2008 2:17am Mar 6, 2008 2:17am
Quoting trickytrader
Hello people. just joined the forum yesterday. Was long on the GBPUSD yesterday and was 30 pips from emptying my account, had my stop just below 19700. Was bullish purely on the daily chart looking like its turning up, looks like the beginning of an up trend.
Eventually moved my stops up to about 19920 and got stopped out.

Just gone long again @ 19945 with a stop at the 19900 level
u should've waited

the BOE might hold surprises because if u notice Halifax House Price Index was relatively low which means they have housing issues no doubt about it. and they shouldnt wait like the FEDs to act. they should act be4 the problem becomes bigger.
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #57,309
  • Mar 6, 2008 2:19am Mar 6, 2008 2:19am
Quoting salah k.
u should've waited

the BOE might hold surprises because if u notice Halifax House Price Index was relatively low which means they have housing issues no doubt about it. and they shouldnt wait like the FEDs to act. they should act be4 the problem becomes bigger.
is it mean that BOE would cut IR?
Never Give Up.....
  • #57,310
  • Mar 6, 2008 2:19am Mar 6, 2008 2:19am
Quoting makey2u
Sell at 2.0090, if she gets there .... im still going to keep shorting
Agree ...
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #57,311
  • Mar 6, 2008 2:34am Mar 6, 2008 2:34am
looking @ the 19970 area to place a buy stop.......any good, any ideas?
PIPPED TO THE LINE
  • #57,312
  • Mar 6, 2008 2:40am Mar 6, 2008 2:40am
Quoting lessy
is it mean that BOE would cut IR?
i dont know they seem pretty stubborn about not cutting rates so they might hold but they SHOULD cut(at least thats wat i think)
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #57,313
  • Mar 6, 2008 3:03am Mar 6, 2008 3:03am
Quoting deboooo2005
What will happen if they leave Pound rates As same? ... any opinion
1. Thursday, March 6th, 2008 (7:00 a.m. New York Time) UK
At 7:00 a.m. we will have UK Interest Rate coming out. It is expected they will keep the rates unchanged this month and maybe cut rates next month or two months later. Actually, there is one economist that thinks they will cut the rates tomorrow but the vast majority of experts expect them to hold the rates at the current level. If they do cut the rates, it will be a great opportunity to sell GBP/USD, looking for 70 pips or more in the first hour of the report.
Darkness lies one inch ahead..
  • #57,314
  • Mar 6, 2008 3:15am Mar 6, 2008 3:15am
The problem with house prices in the UK is they are to high.
0.3 is not really a drop at all and no where near what is required.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #57,315
  • Mar 6, 2008 3:18am Mar 6, 2008 3:18am
BTW if you read the report here on ff calander the odds are 90% sure of a hold.

The Tim Clayton one
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #57,316
  • Mar 6, 2008 3:23am Mar 6, 2008 3:23am
Quoting TraderJR
1. Thursday, March 6th, 2008 (7:00 a.m. New York Time) UK
At 7:00 a.m. we will have UK Interest Rate coming out. It is expected they will keep the rates unchanged this month and maybe cut rates next month or two months later. Actually, there is one economist that thinks they will cut the rates tomorrow but the vast majority of experts expect them to hold the rates at the current level. If they do cut the rates, it will be a great opportunity to sell GBP/USD, looking for 70 pips or more in the first hour of the report.
last time they cut we saw around a 200 pip decline.
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #57,317
  • Mar 6, 2008 3:34am Mar 6, 2008 3:34am
placeing trades b4 i got work just doesnt seem to hold right now ...and again im taking a chance...if the bank of england reduce interest rates..this will make mortagage affordable...will this make £ go up!?

I actually short here....seeing imaginary bounces....lol and going against trend ....what do u guys think gonna happen today with the news and stuff, interst rate is expected no change...so £ should fall i think?
  • #57,318
  • Mar 6, 2008 3:36am Mar 6, 2008 3:36am
Quoting Bones
BTW if you read the report here on ff calander the odds are 90% sure of a hold.

The Tim Clayton one
http://www.forexfactory.com/news.php?do=news&id=73804 which begins...

OUTLOOK BoE to keep interest rates on hold
LONDON (Thomson Financial) - The Bank of England's Monetary Policy Committee is widely expected to leave its benchmark interest rate on hold at 5.25 pct later today. .

All but two of the 35 economists polled by Thomson Financial News expect the Bank will remain on hold at this rate-setting meeting, with most forecasting the next move lower will come in May -- by which time the BoE will have the detailed forecasts in the May Inflation Report to fall back on.

Expectations for no change in borrowing costs were reinforced yesterday by a strong survey of the service sector which bought further evidence that consumer price inflation is set to move higher in the coming months.
Darkness lies one inch ahead..
  • #57,319
  • Mar 6, 2008 3:37am Mar 6, 2008 3:37am
i think no interest cut = positive for gbp.
I would expect gbp to creep up about 20-30 pips over an hour or 2 if rates are put on hold.
PIPPED TO THE LINE
  • #57,320
  • Mar 6, 2008 3:47am Mar 6, 2008 3:47am
If IR is put on hold, we should see 2.0055 easily
On the other hand if they cut, market will go nuts lol
Trade what you see, not what you think.
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