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Cable Update (GBPUSD)

  • #67,001
  • May 21, 2008 12:08pm May 21, 2008 12:08pm
Do you think up as well then FX ?


Quoting fx local
i dont doubt that at all..
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #67,002
  • May 21, 2008 12:12pm May 21, 2008 12:12pm
i will not go long ... when this trend line not break

if cable goes above 1.9750 i'll long from dip otherwise Sell from Bounce
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  • #67,003
  • May 21, 2008 12:14pm May 21, 2008 12:14pm
Quoting Bones
Do you think up as well then FX ?
well ive made my pips buying today, just lost abit of confidence of late in holding out for the bigger move, seem to jobbing it more and more, although that can be a good thing on days like this, not so good on days like yday, but thats apart of learning curve i guess...
Trading is 80% Emotional, 20% Technical
  • #67,004
  • May 21, 2008 12:19pm May 21, 2008 12:19pm
Same as that on the bigger moves they have not been there at all its been a very choppy market.
Traders with experiance adapt to it quicker I guess.


Quoting fx local
well ive made my pips buying today, just lost abit of confidence of late in holding out for the bigger move, seem to jobbing it more and more, although that can be a good thing on days like this, not so good on days like yday, but thats apart of learning curve i guess...
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #67,005
  • May 21, 2008 12:21pm May 21, 2008 12:21pm
Quoting Bones
Trouble is Jamie is normally right,lol
i know what u mean ....i always get nervous when he doing something else.
  • #67,006
  • May 21, 2008 12:27pm May 21, 2008 12:27pm
Quoting Bones
Same as that on the bigger moves they have not been there at all its been a very choppy market.
Traders with experiance adapt to it quicker I guess.
anyway guys good luck with your trades, im off to watch Cup final, manu vs chelsea!
Trading is 80% Emotional, 20% Technical
  • #67,007
  • May 21, 2008 12:29pm May 21, 2008 12:29pm
Quoting fx local
anyway guys good luck with your trades, im off to watch Cup final, manu vs chelsea!
Man Utd !!
  • #67,008
  • May 21, 2008 12:30pm May 21, 2008 12:30pm
Quoting uncleforex
Man Utd !!
come on u reds!!
Trading is 80% Emotional, 20% Technical
  • #67,009
  • May 21, 2008 12:30pm May 21, 2008 12:30pm
Quoting nAVIN2007
i know what u mean ....i always get nervous when he doing something else.

You never know what the FOMC will say or do, they are unpredictable but my techs. say down so far, unless we spike like crazy when 2:00pm est gets here.......then I will have to tip my hat and take a hit on this one. Anyway, 1/2 hr till showtime!!, Happy Trading to all!!
  • #67,010
  • May 21, 2008 12:34pm May 21, 2008 12:34pm
Who do ya support ,I supporty chelsea as my grandad did.

This baby is going to yesturdays high at least now we closed in this zone.

I mean I can smell a bull run from a hundred paces just gotta work on a bear run lol


Quoting fx local
anyway guys good luck with your trades, im off to watch Cup final, manu vs chelsea!
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #67,011
  • May 21, 2008 12:34pm May 21, 2008 12:34pm
How are you all today? Any of you plan pre news(FOMC ) trades? I may short EU/USD
BANDA333
  • #67,012
  • May 21, 2008 12:36pm May 21, 2008 12:36pm
Quoting AmeriTrini
You never know what the FOMC will say or do, they are unpredictable but my techs. say down so far, unless we spike like crazy when 2:00pm est gets here.......then I will have to tip my hat and take a hit on this one. Anyway, 1/2 hr till showtime!!, Happy Trading to all!!

do u know were we can listen to it live???
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #67,013
  • May 21, 2008 12:37pm May 21, 2008 12:37pm
What techs are telling you this because I see everything as going up
  • #67,014
  • May 21, 2008 12:37pm May 21, 2008 12:37pm
Quoting salah k.
do u know were we can listen to it live???
I was about to ask the same question........lol!

However, if they signal that they are done easing rates, then bye bye pound!!
  • #67,015
  • May 21, 2008 12:37pm May 21, 2008 12:37pm
Quoting BANDA
How are you all today? Any of you plan pre news(FOMC ) trades? I may short EU/USD
risky!!!!!!!!!!

good luck bro
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #67,016
  • May 21, 2008 12:37pm May 21, 2008 12:37pm
i can see why yur short, i wont enter long here as i think we so close to to top trendline , news tomorrow on retail sales i cant see it being good, so a drop is likely but theres room still to move up

and i kinda seeing a bullish flag here but yur right certainly isnt clear cut one way or other

i have to say i never even realised this news was around and how it will effect the market someone care to explain this to me plz..?
  • #67,017
  • May 21, 2008 12:41pm May 21, 2008 12:41pm
Thank you both for input . I would watch and try short after the announcement ...........I think there is no way for fed to keep cutting rates and everything is expensive......
BANDA333
  • #67,018
  • May 21, 2008 12:42pm May 21, 2008 12:42pm
Quoting AmeriTrini
I was about to ask the same question........lol!

However, if they signal that they are done easing rates, then bye bye pound!!
yeah bro bye bye market
dollar will kick ass and everything is looking delicios to short especially euro and commodities

HOWEVER a slightest signal of another rate cut will send the market to the seventh sky
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #67,019
  • May 21, 2008 12:43pm May 21, 2008 12:43pm
Quoting AmeriTrini

However, if they signal that they are done easing rates, then bye bye pound!!

Got to agree with that
Just not sure they will only cause the PPI figure being so good?
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #67,020
  • May 21, 2008 12:44pm May 21, 2008 12:44pm
Quoting BANDA
Thank you both for input . I would watch and try short after the announcement ...........I think there is no way for fed to keep cutting rates and everything is expensive......
u are right bro

but they have private agendas so........
"what doesn't bankrupt me, makes me stronger" modern nietzche
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