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Cable Update (GBPUSD)

  • #63,481
  • Apr 30, 2008 10:30am Apr 30, 2008 10:30am
Often this happens cause the news is being priced in before hand so I would be wary of more bullish news even though its not supposed to be.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #63,482
  • Apr 30, 2008 10:33am Apr 30, 2008 10:33am
Quoting DJ4x
Hi, someone here was looking for coin toss earlier

hehehehe

Perfect up channel, just keeps plowing on up Definately Regrets


Why is the Euro so dead ??
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #63,483
  • Apr 30, 2008 10:34am Apr 30, 2008 10:34am
ya, its sterling rally..again..like last friday.
  • #63,484
  • Apr 30, 2008 10:36am Apr 30, 2008 10:36am
Still, very wierd move considering that euro is sitting still. There is no reason for the GBP to strengthen vs. euro that rapidly right now...
My take is that positive dollar news are being priced in. Being virtual, the UK economy is in much more vulnerable state than that of the USA, and completely depends on the health of financial markets worldwide. Therefore, any sign of US-positive news will translate into stronger GBP as well.
"Luxury is one of the basic needs", (c), Don Corleone
  • #63,485
  • Apr 30, 2008 10:39am Apr 30, 2008 10:39am
Quoting de123
long cable long...
short cable short..
its just money
  • #63,486
  • Apr 30, 2008 10:40am Apr 30, 2008 10:40am
Quoting Firstboss
Still, very wierd move considering that euro is sitting still. There is no reason for the GBP to strengthen vs. euro that rapidly right now...
My take is that positive dollar news are being priced in. Being virtual, the UK economy is in much more vulnerable state than that of the USA, and completely depends on the health of financial markets worldwide. Therefore, any sign of US-positive news will translate into stronger GBP as well.
thats a ripple effect from USD good news to gbp .. but the market will sooner reflect whats the worth of gbp in these coming days.. the current price of GU is for surely misleading.

1.9845 = one night stand..u wont see it again tomorrow.
  • #63,487
  • Apr 30, 2008 10:43am Apr 30, 2008 10:43am
Quoting arinforex
thats a ripple effect from USD good news to gbp .. but the market will sooner reflect whats the worth of gbp in these coming days.. the current price of GU is for surely misleading.

1.9845 = one night stand..u wont see it again tomorrow.
Agreed, I expect a nice flight down. Probably right on the US rate cut.
"Luxury is one of the basic needs", (c), Don Corleone
  • #63,488
  • Apr 30, 2008 10:43am Apr 30, 2008 10:43am
Quoting de123
short cable short..
Done. How about SL?
  • #63,489
  • Apr 30, 2008 10:44am Apr 30, 2008 10:44am
Quoting Firstboss
Still, very wierd move considering that euro is sitting still. There is no reason for the GBP to strengthen vs. euro that rapidly right now...
My take is that positive dollar news are being priced in. Being virtual, the UK economy is in much more vulnerable state than that of the USA, and completely depends on the health of financial markets worldwide. Therefore, any sign of US-positive news will translate into stronger GBP as well.

forgive my ignorance but that doesnt make sense to me
could u explain it please, as it would help me in future conclusions
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #63,490
  • Apr 30, 2008 10:47am Apr 30, 2008 10:47am
everybody have to digest that 0.25 rate cut doesn't mean it will make USD weaker, but it will stimulate it stronger.. so in couple of hours, whether its no cut or .25 rate cut , usd will go north..

2 red m15 candle completed.. i ' ll wait for the 3rd red to confirm b4 entering shorts.
  • #63,491
  • Apr 30, 2008 10:49am Apr 30, 2008 10:49am
Quoting sarama001
Done. How about SL?
lol dont listen to me...66 pips should be just fine...i will add if we get to 9850s+
its just money
  • #63,492
  • Apr 30, 2008 10:53am Apr 30, 2008 10:53am
Quoting arinforex
what do u mean by st8 tech? stoch oversold? its to much overbought actually.
This is what my charts were showing...this is from the 21st to now...I expect a rally from early this morning....I pre-empted...

A Clearly defined channel...I messed up this morning (got stopped) and missed on on 200pips I cud have redeemed my account and double it thru leverage...I was that sure...so it goes..
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  • #63,493
  • Apr 30, 2008 10:56am Apr 30, 2008 10:56am
Quoting de123
lol dont listen to me...66 pips should be just fine...i will add if we get to 9850s+
really, oh God. I am in the house of pain.
  • #63,494
  • Apr 30, 2008 10:58am Apr 30, 2008 10:58am
Quoting Doose
This is what my charts were showing...this is from the 21st to now...I expect a rally from early this morning....I pre-empted...

A Clearly defined channel...I messed up this morning (got stopped) and missed on on 200pips I cud have redeemed my account and double it thru leverage...I was that sure...so it goes..
should post ur chart earlier...sigh.
  • #63,495
  • Apr 30, 2008 10:58am Apr 30, 2008 10:58am
Quoting arinforex
ya, its sterling rally..again..like last friday.
Newbie here! G/U is really strange I got burned last friday rally while trading the news expecting a little short but instead it went the opposite direction. Now this time I did a reverse instead and started long at 1.9730 all the way to 1.9839.
  • #63,496
  • Apr 30, 2008 11:01am Apr 30, 2008 11:01am
Quoting arinforex
should post ur chart earlier...sigh.
My apologies will post next time...
  • #63,497
  • Apr 30, 2008 11:02am Apr 30, 2008 11:02am
hello freaks

after having made +110 on the rise up, i am now SHORT at 9845 expecting a big retracement, with or without rate cuts..
  • #63,498
  • Apr 30, 2008 11:07am Apr 30, 2008 11:07am
Quoting tomaz55
hello freaks

after having made +110 on the rise up, i am now SHORT at 9845 expecting a big retracement, with or without rate cuts..
I agree... now just waiting for a clear descent before short.
  • #63,499
  • Apr 30, 2008 11:12am Apr 30, 2008 11:12am
cable very hard to penetrate fibo 61.8 downwards.. quite strong it looks. anyway multiple shorts entered SL 1.9900
  • #63,500
  • Apr 30, 2008 11:14am Apr 30, 2008 11:14am
Quoting Pyramus
I agree... now just waiting for a clear descent before short.
'now just waiting for a clear descent before short'??

pyramus dont wait too long, by the time you decide to pull the trigger this will probably have fallen 40/50 pips, and then you will be reluctant to sell..

price has shot up 230 pips before an important announcement, doesnt this ring a bell?
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