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Cable Update (GBPUSD)

  • #63,401
  • Apr 30, 2008 5:07am Apr 30, 2008 5:07am
Quoting Tmac
very nice analysis and well thought out. A no trade when unsure of direction is a winner everytime. The market will tell you where it is headed but you just need to be patient and not CHASE a trade to be in a trade, let it develop and profit from it
coming from u that really is a compliment ..thx bro
  • #63,402
  • Apr 30, 2008 5:09am Apr 30, 2008 5:09am
Quoting nAVIN2007
coming from u that really is a compliment ..thx bro
today also no luck..
to many floating i was facing
  • #63,403
  • Apr 30, 2008 5:12am Apr 30, 2008 5:12am
Quoting Ultraman
today also no luck..
to many floating i was facing

it takes time ...lol ...i thought i wanted quick results...id be happy with the short instead of long..1hr is looking oversoled already ..
  • #63,404
  • Apr 30, 2008 5:14am Apr 30, 2008 5:14am
Quoting fx local
why does everyone worry and think what the markets going to do?! no one here has any control over that...

we should only try and think about what about what your going to do when it gets there - sometime you can control!

best to focus on those things you least want to happen and your what response should be...
absolutely bro....
  • #63,405
  • Apr 30, 2008 6:00am Apr 30, 2008 6:00am
Quoting Moe
No Cut
thats is the best strategy at the moment but i fear bernanke has his own agenda.
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #63,406
  • Apr 30, 2008 6:03am Apr 30, 2008 6:03am
Quoting salah k.
thats is the best strategy at the moment but i fear bernanke has his own agenda.
i'm just see EURGBP only if it's up, probably GBPUSD will down further
  • #63,407
  • Edited 8:28am Apr 30, 2008 6:03am | Edited 8:28am
Quoting salah k.
thats is the best strategy at the moment but i fear bernanke has his own agenda.
Damn right he has his own agenda, him and the BULLSHIT administration are in favour of weak $!!!!!
  • #63,408
  • Apr 30, 2008 6:05am Apr 30, 2008 6:05am
Quoting AmeriTrini
Damn right he has his own agenda, he and the BULLSHIT administration are in favour of weak $!!!!!
did u short GBPUSD
  • #63,409
  • Apr 30, 2008 6:08am Apr 30, 2008 6:08am
Quoting Ultraman
did u short GBPUSD
nope, it bounced of the bottom 4hr trendline perfectly. I will short when I see a top.
  • #63,410
  • Apr 30, 2008 6:13am Apr 30, 2008 6:13am
weight turn to the south now.. I entered short.. whatever fomc will do it will be bullish for Usd. I think of two options - 25 and hold or not lowering rates at all. Enything else would be a misatke.
  • #63,411
  • Apr 30, 2008 6:18am Apr 30, 2008 6:18am
Quoting AmeriTrini
Damn right he has his own agenda, he and the BULLSHIT administration are in favour of weak $!!!!!
exactly

u know dollar lost almost 70% of its value from the begining of the bush administration till now.
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #63,412
  • Apr 30, 2008 6:21am Apr 30, 2008 6:21am
Quoting salah k.
exactly

u know dollar lost almost 70% of its value from the begining of the bush administration till now.
Wow are you serious? Compared to which currency did it lose that much?
Expected the unexpected
  • #63,413
  • Apr 30, 2008 6:22am Apr 30, 2008 6:22am
Quoting scyang
Wow are you serious? Compared to which currency did it lose that much?
i think inside GBPUSD have i devil or dracula,
that why it's spike up n down like hell,
  • #63,414
  • Apr 30, 2008 6:22am Apr 30, 2008 6:22am
Quoting matahary
weight turn to the south now.. I entered short.. whatever fomc will do it will be bullish for Usd. I think of two options - 25 and hold or not lowering rates at all. Enything else would be a misatke.
it would be a mistake for the economy and for the people
but do u honestly think they care about the little working class heroes

if they did we wouldnt have been in this situation in the first place.
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #63,415
  • Apr 30, 2008 6:25am Apr 30, 2008 6:25am
Quoting matahary
weight turn to the south now.. I entered short.. whatever fomc will do it will be bullish for Usd. I think of two options - 25 and hold or not lowering rates at all. Enything else would be a misatke.
Your assessment about the interest rate decision is probably right. But are you concerned about the numbers coming out before that, what they might do to the currency pairs?
Expected the unexpected
  • #63,416
  • Apr 30, 2008 6:25am Apr 30, 2008 6:25am
Quoting scyang
Wow are you serious? Compared to which currency did it lose that much?
actually they take the average of all currencies and commodities i think.
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #63,417
  • Apr 30, 2008 6:27am Apr 30, 2008 6:27am
just added to my long on this small retracement.

targets are still the same :

1.9720 for half and eventually 1.9780 for the rest
The quality of your life is brought about by the quality of your thinking.
  • #63,418
  • Apr 30, 2008 6:32am Apr 30, 2008 6:32am
Quoting scyang
Your assessment about the interest rate decision is probably right. But are you concerned about the numbers coming out before that, what they might do to the currency pairs?
I am. SL at 707 is taking care of that.
  • #63,419
  • Apr 30, 2008 6:52am Apr 30, 2008 6:52am
i think this thing is going to drop 76.4 fib acting as a support ..i actually went long when we were right at the weekly pivot....7 pips and out ....lol
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  • #63,420
  • Apr 30, 2008 7:01am Apr 30, 2008 7:01am
Hi guys.. this is my first post here. I still thinking to buy GU
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