Already on short at 1.9500 and EU also should be short already. Pound is kind of weak and cannot break resistance. I'm not to sure about EU though. Go US rally....
.taking my short also.i`ll hedge if it go against - #17,203
- Aug 7, 2008 2:18am Aug 7, 2008 2:18am
- | Joined Feb 2008 | Status: FOREX - 10% skills, 90% psychology | 1,000 Posts
After drop last nite, seems cable losing hi strength today.. do they find their bottom oledi? 
- #17,204
- Aug 7, 2008 2:22am Aug 7, 2008 2:22am
- Joined Nov 2007 | Status: Trader | 1,158 Posts
Salam...all trader malaysia...
- #17,205
- Aug 7, 2008 2:40am Aug 7, 2008 2:40am
- | Joined Feb 2008 | Status: FOREX - 10% skills, 90% psychology | 1,000 Posts
Kindly consider many red news from UK in near time, Fasten your seatbelt. Im expecting Priced In in this datas. 
- #17,208
- Aug 7, 2008 3:01am Aug 7, 2008 3:01am
- Joined Nov 2007 | Status: Trader | 1,158 Posts
GBP http://www.forexfactory.com/images/m...mpact_high.gif Halifax HPI m/m
in 15 mnts
- #17,209
- Aug 7, 2008 3:07am Aug 7, 2008 3:07am
- | Joined Feb 2008 | Status: FOREX - 10% skills, 90% psychology | 1,000 Posts
As expected, red news for UK but priced in.... but for how long im not sure lah.. 
not enough momentum i think..
anyway..today still have some news to come up..
maybe they can change the direction...
no one know..
misteri
to make the GBP strong or weak for today..if the rate will lower than 5.0%,the GBP will strong..
- #17,217
- Edited 4:01am Aug 7, 2008 3:51am | Edited 4:01am
- Joined Oct 2007 | Status: Trader | 6,522 Posts
looks like GBP will waiting for the 7:00am GBP http://www.forexfactory.com/images/m...mpact_high.gif Official Bank Rate
to make the GBP strong or weak for today..if the rate will lower than 5.0%,the GBP will strong..
Hawkish statement... IR Hike = Good for currency
Dovish Statement... IR Cut = Bad for currency
If the IR lower than 5.0% = GBP will be weak not strong.
p/s: BOE might just hold it the same this time. Effect to the currency... dunno
Maybe the same action like FOMC statement last time towards USD.- #17,219
- Aug 7, 2008 4:11am Aug 7, 2008 4:11am
- Joined Oct 2007 | Status: Trader | 6,522 Posts
I think you might wanna review this again...
Hawkish statement... IR Hike = Good for currency
Dovish Statement... IR Cut = Bad for currency
If the IR lower than 5.0% = GBP will be weak not strong.
p/s: BOE might just hold it the same this time. Effect to the currency... dunno
UK >>> MPC
BOE Monetary Policy Committee STATEMENT is very important as traders will look for clues of any IR hike or cut in the future. Either it will be Hawkish or Dovish. The current expected IR most likely already been priced in.
For FOMC Statement last time... more likely no IR hike at all this year.
Tentative GBP http://www.forexfactory.com/images/m...mpact_high.gif MPC Rate Statement
- #17,220
- Aug 7, 2008 4:14am Aug 7, 2008 4:14am
- | Joined Dec 2007 | Status: Senior Member | 1,461 Posts
USA >>> FOMC
UK >>> MPC
BOE Monetary Policy Committee STATEMENT is very important as traders will look for clues of any IR hike or cut in the future. Either it will be Hawkish or Dovish. The current expected IR most likely already been priced in.
For FOMC Statement last time... more likely no IR hike at all this year.
Tentative GBP http://www.forexfactory.com/images/m...mpact_high.gif MPC Rate Statement
tricky one, im looking for cable to base around 1.9400 area, not bad risk reward for long, look to reverse if prior lows get taken out... wow the dollar is strong at moment(perhaps all bad US data priced in, ie UK and Euro behind the US in terms of economic situation... remains to be seen)
Trading is 80% Emotional, 20% Technical