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Cable Update (GBPUSD)

  • #59,481
  • Mar 26, 2008 4:38am Mar 26, 2008 4:38am
UK is in pretty bad shape and whether they like to admit it or not credit crunch will catch up and they will be cornered like the FED was in november.

the good thing about history is to learn from other peoples mistakes such as FED's very late reaction. however BOE doesnt seem to be learning.

I think BOE should act quickly to solve that problem, and not just give it minimal consideration.

so in the long run cable looks bearish to me.
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #59,482
  • Edited 4:53am Mar 26, 2008 4:38am | Edited 4:53am
Quoting deboooo2005
good ifo news ... if 2.0065 broke i'll long
i was out when i said 1.9929 ... then i long @ 2.0067

broken 2.0107 ... we going to 2.0122 ...then when 2.0167 broke its target 2.0268
  • #59,483
  • Mar 26, 2008 4:43am Mar 26, 2008 4:43am
Damn.. i am becoming a pip trader.. out my long at 2.0107
1.9785 -> 2.0107 .. i quiet like it
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  • #59,484
  • Mar 26, 2008 4:44am Mar 26, 2008 4:44am
euro and swissy is kicking dollar ass.
If I Go Broke Trying Then I Will die happy.
  • #59,485
  • Mar 26, 2008 4:49am Mar 26, 2008 4:49am
i say long i say short
If I Go Broke Trying Then I Will die happy.
  • #59,486
  • Mar 26, 2008 4:52am Mar 26, 2008 4:52am
Quoting Moe
i say long i say short
If I were trading GU, I would go with long with you.
Humble Lifetime Member
  • #59,487
  • Mar 26, 2008 4:52am Mar 26, 2008 4:52am
Quoting Moe
i say long i say short
ha ha its droping : what ever.
If I Go Broke Trying Then I Will die happy.
  • #59,488
  • Mar 26, 2008 4:53am Mar 26, 2008 4:53am
hope u guys had that link up!! UK montary policy committe forecasting further sterlign weakness in coming months/year made cable drop then
Trading is 80% Emotional, 20% Technical
  • #59,489
  • Mar 26, 2008 4:53am Mar 26, 2008 4:53am
wat the hell is going on
is it just in my account or did cable sink almost 80 pips just now
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #59,490
  • Mar 26, 2008 4:54am Mar 26, 2008 4:54am
Quoting fx local
hope u guys had that link up!! UK montary policy committe forecasting further sterlign weakness in coming months/year made cable drop then
wat about rate cuts

wat did they say about them
any cuts in the horizon??
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #59,491
  • Mar 26, 2008 4:56am Mar 26, 2008 4:56am
now who's partying punk your realy making me mad
If I Go Broke Trying Then I Will die happy.
  • #59,492
  • Mar 26, 2008 4:57am Mar 26, 2008 4:57am
Quoting salah k.
UK is in pretty bad shape and whether they like to admit it or not credit crunch will catch up and they will be cornered like the FED was in november.

the good thing about history is to learn from other peoples mistakes such as FED's very late reaction. however BOE doesnt seem to be learning.

I think BOE should act quickly to solve that problem, and not just give it minimal consideration.

so in the long run cable looks bearish to me.
Yes, The UK is in bad shape but the US is in even worse shape. The BOE put their foot down (or better yet, when they shoved it up the bank's rear end) when they said we will not follow in the FED's footsteps and take your worthless piece of crap paper as collateral. They stood up to the big boys and saved the UK Tax payers money. I salute them for that.
Humble Lifetime Member
  • #59,493
  • Mar 26, 2008 4:59am Mar 26, 2008 4:59am
what happen to your long buddy, i don't know
If I Go Broke Trying Then I Will die happy.
  • #59,494
  • Mar 26, 2008 5:01am Mar 26, 2008 5:01am
how i look now chump, i feel like shit.
If I Go Broke Trying Then I Will die happy.
  • #59,495
  • Mar 26, 2008 5:02am Mar 26, 2008 5:02am
gchf broke triangle cause sudden drop in cable at .50*
  • #59,496
  • Mar 26, 2008 5:03am Mar 26, 2008 5:03am
Quoting salah k.
wat about rate cuts

wat did they say about them
any cuts in the horizon??
they said inflation projected to rise to 3% and poss above, they will do whatever is needed to keep inflation in check - M.King

Retail Sales shows strength, UK economy different and better that US

talked about further sterling weakness - RISKS ON STERLING BALANCED TO THE DOWNSIDE BOE BEAN, MRT PRICING SHOWS STERLIGN RISKS TO DOWNSIDE, BOE ASSUMES STERLING CONTINUES TO DEPRECIATE,
Trading is 80% Emotional, 20% Technical
  • #59,497
  • Mar 26, 2008 5:04am Mar 26, 2008 5:04am
Quoting Ash
Yes, The UK is in bad shape but the US is in even worse shape. The BOE put their foot down (or better yet, when they shoved it up the bank's rear end) when they said we will not follow in the FED's footsteps and take your worthless piece of crap paper as collateral. They stood up to the big boys and saved the UK Tax payers money. I salute them for that.
thnx for clearing that up

i have one more question though

u said US is in worse shape and i agree with that 100% but i have to ask u didnt it reach its bottom already.

i mean how low can it further go. whereas UK is just starting to.

so it would make much more sense to stay away from cable and go to dollar.
as in buy low sell high system.

I am telling u this and i have a long on cable since 19853.( so i am not bias i am just trying to learn)
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #59,498
  • Mar 26, 2008 5:04am Mar 26, 2008 5:04am
what you got to say now, im so sorry.
If I Go Broke Trying Then I Will die happy.
  • #59,499
  • Mar 26, 2008 5:04am Mar 26, 2008 5:04am
unlucky really that BOE memeber BEAN opened his mouth!
Trading is 80% Emotional, 20% Technical
  • #59,500
  • Mar 26, 2008 5:05am Mar 26, 2008 5:05am
OK looks like I have to eat my socks!!
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