DislikedOf course, 1.9600, the border that bear and bull have many battles already.
Wah, GBPUSD just shot up to 1.9600 and down again!Ignored
It is always difficult to practice the old saying: "Let your profits run and cut your losses"
..just come back from class, well nothing can be done, anyway its news time after all..too dangerous..for those who shorted must got a fat profit..
- #14,162
- Jun 17, 2008 2:35am Jun 17, 2008 2:35am
5:30pm GBP http://www.forexfactory.com/images/m...mpact_high.gif BOE Inflation Letter
I am sure this is doing much damage to the Pound Sterling now!!! SHORT CABLE SHORT GEPPY!!!!
T.A.Y.O.R!!!
- #14,164
- Jun 17, 2008 2:37am Jun 17, 2008 2:37am
- Joined Oct 2007 | Status: Trader | 6,522 Posts
5:30pm GBP http://www.forexfactory.com/images/m...mpact_high.gif BOE Inflation Letter
T.A.Y.O.R!!!
This $%#@#@ FIBER has to shoot up during that BOE inflation report... If only Fiber also fall down... easily 100pips Free FALL already 
Oh well... it's not that easy huh... if not... everyone could be BILLIONAIRE already.
- #14,167
- Jun 17, 2008 2:52am Jun 17, 2008 2:52am
- Joined Oct 2007 | Status: Trader | 6,522 Posts
With Short at 1.9582 and TP at 1.9559, what can I complain about, he he
Anyway... we were surprised with the BOE report... never knew it came just like that out of the bloom. Like I said... expect the UNEXPECTED.- #14,168
- Jun 17, 2008 2:55am Jun 17, 2008 2:55am
Should had let the profit runs mate
Am trying to scalp pips to build up capital.
- #14,169
- Jun 17, 2008 2:59am Jun 17, 2008 2:59am
- Joined Oct 2007 | Status: Trader | 6,522 Posts
At this month and last month market psychology... from my observation... MARKET so sensitive with speeches. Last time we see the power of Uncle Ben rhetoric. Then Uncle Trichet... now... behold the power of the letter of Uncle KING.
If you read back.. I already foresee this, didn't I? Discussing the DANGER if rising the IR at this crisis time. Woww weee... I am getting wiser and wiser regarding FUNDAMENTAL now... thanks Forex... I learnt a lot about fundamental. I am sure I can easily become Professional ANALYSTS or even the The Governor of BANK NEGARA after this 
He said the surge in inflation came on the back of rises in food, electricity, gas and fuel prices. 'These components alone account for 1.1 percentage points increase in the CPI inflation rate since last December.'
He said it is well possible that commodity prices will rise further over the coming months and together with increases in food prices will likely push the CPI annual rate 'markedly above the target well into 2009.'
King also highlighted the dilemma facing rate setters, saying that hiking rates just now will put the economy at risk. 'If the bank rate were set to bring inflation back to target within the next 12 months, the result would be unnecessary volatility in output and employment.'
- #14,172
- Jun 17, 2008 3:11am Jun 17, 2008 3:11am
- Joined Oct 2007 | Status: Trader | 6,522 Posts
If you read back.. I already foresee this, didn't I? Discussing the DANGER if rising the IR at this crisis time. Woww weee... I am getting wiser and wiser regarding FUNDAMENTAL now... thanks Forex... I learnt a lot about fundamental. I am sure I can easily become Professional ANALYSTS or even the The Governor of BANK NEGARA after this
It also apply not just for USA but the whole world including UK.Yeah... looking at the whole situation... it's not the right time to hike the IR. That will surely affecting the housing market in the USA that barely recuperating from the crisis. It's still too early to do that I guess. The least FED can do is just keep the rate stable. If they wanna hike it... perhaps next year until everything stabilize and housing business gaining much momentum to survive.
With the OIL Price dropping and stabilize... perhaps the INFLATION still under control.
It's so tricky with this STAGFLATION crisis. It's more difficult to handle compare to RECESSION. Just my point of view.
However, this is the game of the BIG BOYS. Market easily controlled by them. As an Intraday Trader... I just follow the sentiment day by day.
Unless I wanna place a LONG TERM trade entry... I'll consider all those factor seriously.
Not to forget... don't just look at the US crisis... what about UK and Euro... and the world? If all having the same crisis... in the end... ALL EVEN OUT.
- #14,175
- Jun 17, 2008 3:18am Jun 17, 2008 3:18am
- Joined Oct 2007 | Status: Trader | 6,522 Posts
That BOE inflation report sure does heavy damage to the Pound Sterling. While other pairs still about STAGNANT... anything with GBP moving so fast now. SHORT POUND STERLINGGGGGGGGGGG!!!!
Hehehehe... this is not a trade call... just me shouting out loud because of my SHORTs on Cable and Geppy. Already covering my LOSS earlier and profiting now since I placed bigger lots.
T.A.Y.O.R!!!!
The RSI has just broken down a former rising trendline.
So going SOUTH again! Great!
Got 1.5 lot, will try to sell 1 and keep 1!
be happy with what u have while u pursue what u want..