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Cable Update (GBPUSD)

  • #80,401
  • Aug 6, 2008 3:09pm Aug 6, 2008 3:09pm
tomorrow we going up....im sure they going to hold the rates
  • #80,402
  • Aug 6, 2008 3:10pm Aug 6, 2008 3:10pm
Quoting AmeriTrini
I agree, but remember, no statement will be issued if there is no rate change. Thats how the BOE works, only if they increase or decrease the rates then there will be an accompanying statement.


look guys tomorrow i will call the 10 downing street : Mr. Brown and will sort it out with him
  • #80,403
  • Aug 6, 2008 3:19pm Aug 6, 2008 3:19pm
Quoting AmeriTrini
All we have to do is wait, hold our positions and wait. We should be practicing good money management in any case, just to be prepared incase all hell breaks loose. I am well prepared to absorb this and can even go lower. We are all used to making quick money in the forex and sometimes over capiltalize our positions. She can drop closer to that 9369 level, but she has to go back up sometime. Just be ready.


lol yeah we should wait and watch our accounts getting blown
When life gives you lemons, make lemonade
  • #80,404
  • Aug 6, 2008 3:22pm Aug 6, 2008 3:22pm
Price looks priced in for statements rates of Euro and pound. Probably a strong reversal after the news.

I guess a little more selling before the statements and close to them the usual sideway move.
  • #80,405
  • Aug 6, 2008 3:23pm Aug 6, 2008 3:23pm
Quoting micho
lol yeah we should wait and watch our accounts getting blown

Did you read the part about money management??.......
  • #80,406
  • Aug 6, 2008 3:28pm Aug 6, 2008 3:28pm
Quoting AmeriTrini
Did you read the part about money management??.......
i do
i am not worried about myself but about the other people

you know i have a big heart
When life gives you lemons, make lemonade
  • #80,407
  • Aug 6, 2008 3:29pm Aug 6, 2008 3:29pm
Quoting AmeriTrini
All we have to do is wait, hold our positions and wait. We should be practicing good money management in any case, just to be prepared incase all hell breaks loose. I am well prepared to absorb this and can even go lower. We are all used to making quick money in the forex and sometimes over capiltalize our positions. She can drop closer to that 9369 level, but she has to go back up sometime. Just be ready.



You are right my dear friend, and that is why I am well prepared to handle my accounts until 1.9285, 1.9290 and 1.9320 levels and I don't think Cable would go to those levels otherwise, UK will have a strong storm and nobody will survive............... and if it would go to those levels then I will fund my accounts and I know it is not a good practice of Money Management but I stuck in this storm since Sunday but I sit tight and waiting for the right time.

Rightnow I only check forum from my laptop from my bed and I think it is not just the matter of tonight rate decision, I think Cable will come back to 1.9800 till the coming Tueday or Wednesday Session......
  • #80,408
  • Aug 6, 2008 3:31pm Aug 6, 2008 3:31pm
Attached Image
When life gives you lemons, make lemonade
  • #80,409
  • Aug 6, 2008 3:32pm Aug 6, 2008 3:32pm
Quoting asyed4
You are right my dear friend, and that is why I am well prepared to handle my accounts until 1.9285, 1.9290 and 1.9320 levels and I don't think Cable would go to those levels otherwise, UK will have a strong storm and nobody will survive............... and if it would go to those levels then I will fund my accounts and I know it is not a good practice of Money Management but I stuck in this storm since Sunday but I sit tight and waiting for the right time.

Rightnow I only check forum from my laptop from my bed and I think it is not just the matter of tonight rate decision, I think Cable will come back to 1.9800 till the coming Tueday or Wednesday Session......

yes it will, don't worry. you will be okay!!!!.
  • #80,410
  • Aug 6, 2008 3:35pm Aug 6, 2008 3:35pm
Quoting Carrera
Price looks priced in for statements rates of Euro and pound. Probably a strong reversal after the news.

I guess a little more selling before the statements and close to them the usual sideway move.
Whats up C!
USD Est Non Mortuus
  • #80,411
  • Aug 6, 2008 3:39pm Aug 6, 2008 3:39pm
Quoting asyed4
You are right my dear friend, and that is why I am well prepared to handle my accounts until 1.9285, 1.9290 and 1.9320 levels and I don't think Cable would go to those levels otherwise, UK will have a strong storm and nobody will survive............... and if it would go to those levels then I will fund my accounts and I know it is not a good practice of Money Management but I stuck in this storm since Sunday but I sit tight and waiting for the right time.

Rightnow I only check forum from my laptop from my bed and I think it is not just the matter of tonight rate decision, I think Cable will come back to 1.9800 till the coming Tueday or Wednesday Session......
yeah bro dont worry.... cable will start going upjust dont add anything now and sit tight and forget about forex ....1.98 we will see im sure....then load for the fall
  • #80,412
  • Aug 6, 2008 3:39pm Aug 6, 2008 3:39pm
Quoting LuckyLurker
Whats up C!
Not much sweety.

getting set for tonite statement show.
  • #80,413
  • Aug 6, 2008 3:56pm Aug 6, 2008 3:56pm
Quoting Carrera
Not much sweety.

getting set for tonite statement show.
USD Est Non Mortuus
  • #80,414
  • Aug 6, 2008 3:57pm Aug 6, 2008 3:57pm
....we'll see 98xx by friday....we'll never see anything below 9460 before 98xx!
  • #80,415
  • Aug 6, 2008 3:59pm Aug 6, 2008 3:59pm
Quoting nAVIN2007
either way .....dailly tells me this is time to move up..i missed the wave down....aint missing it up...
Me too
  • #80,416
  • Aug 6, 2008 4:12pm Aug 6, 2008 4:12pm
Quoting 30pips
....we'll see 98xx by friday....we'll never see anything below 9460 before 98xx!
yes. Well positioned for this move.
USD Est Non Mortuus
  • #80,417
  • Aug 6, 2008 4:19pm Aug 6, 2008 4:19pm
michooo where r u
  • #80,418
  • Aug 6, 2008 4:23pm Aug 6, 2008 4:23pm
everywhere bro
When life gives you lemons, make lemonade
  • #80,419
  • Edited 4:38pm Aug 6, 2008 4:25pm | Edited 4:38pm
Setups like this don't come around every day. Got a Double Inside Bottom out on the Daily and it should be deadly for all shorts. Stochastics are turning over in the over sold area. Said to look for the signs and signals, well here they are. I wouldn't be surprised to see a last gasp surge to 9450 but I woudn't bet on it. If I was to place a stop it would be below 9400.

Jim

Quoting LuckyLurker
yes. Well positioned for this move.
Attached Image (click to enlarge)
Click to Enlarge Name: gu double inside bottom.gif Size: 36 KB
  • #80,420
  • Aug 6, 2008 4:30pm Aug 6, 2008 4:30pm
Quoting micho
everywhere bro
Good one, there is one being I know that is everywhere at once and trust me it's not you...............
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