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Cable Update (GBPUSD)

  • #83,101
  • Aug 20, 2008 12:39am Aug 20, 2008 12:39am
Quoting gagakrimba
It has retreated more than 70 pips.....do you think its time to long now ???
yes time to long
  • #83,102
  • Edited 12:52am Aug 20, 2008 12:40am | Edited 12:52am
Quoting trading801
bro thats why i shorted! and it went up over 100 pips yesterday..
You have shorted on the bottom not below. We have a pennant/triangle formation on 1hr/4hr tf. you would have been fine if you had shorted from the utl of this formation this night. you would be in profit 70-80 pips by now...

Post updated check the chart and see what i mean.
Attached Image
  • #83,103
  • Aug 20, 2008 12:44am Aug 20, 2008 12:44am
Quoting Alastair
you correct about the health part!!
chopped about 10 years off my life yesterday, but its all good now!
thanx for your honest reply.
no problem. everyone has to find his way in this deep brutal jungle of forex, but one can wander around in 1000s of paths not seeying the right path.
  • #83,104
  • Aug 20, 2008 12:46am Aug 20, 2008 12:46am
speculatively i really anticipate MPC will vote for rate cut. Down cable down.
  • #83,105
  • Aug 20, 2008 12:49am Aug 20, 2008 12:49am
Quoting spathi
speculatively i really anticipate MPC will vote for rate cut. Up cable up.

  • #83,106
  • Aug 20, 2008 12:51am Aug 20, 2008 12:51am
Quoting spathi
speculatively i really anticipate MPC will vote for rate cut. Down cable down.
It's already a known fact that MPC had discussed rate cut, and that is why there was the huge drop in the last 2 weeks.
Expected the unexpected
  • #83,107
  • Aug 20, 2008 12:53am Aug 20, 2008 12:53am
Post #83114 updated.
  • #83,108
  • Aug 20, 2008 1:21am Aug 20, 2008 1:21am
it's a time...???
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  • #83,109
  • Aug 20, 2008 1:21am Aug 20, 2008 1:21am
10 mins...
Keep It Simple Stupid
  • #83,110
  • Aug 20, 2008 1:26am Aug 20, 2008 1:26am
Quoting Alastair
10 mins...
When life gives you lemons, make lemonade
  • #83,111
  • Aug 20, 2008 1:27am Aug 20, 2008 1:27am
Belekas,

You think it is long eh? Dont forget the GBP report coming out in minutes?
  • #83,112
  • Aug 20, 2008 1:35am Aug 20, 2008 1:35am
Quoting peulthai
Belekas,

You think it is long eh? Dont forget the GBP report coming out in minutes?
where did i say long?
  • #83,113
  • Aug 20, 2008 1:40am Aug 20, 2008 1:40am
Quoting scyang
It's already a known fact that MPC had discussed rate cut, and that is why there was the huge drop in the last 2 weeks.
i dont understand what do u mean?

if it known that UK will have a rate cut why would it droped in last 2 weeks? i dont get it
i dunno what the hell is going on ...like i expected rates are the same...the drop in the last 2 week makes no sense a[part from trying to break oil down and it worked, other than this it seems theres no other reason..
  • #83,114
  • Aug 20, 2008 1:43am Aug 20, 2008 1:43am
Buhahaha!!!

.......
  • #83,115
  • Aug 20, 2008 1:45am Aug 20, 2008 1:45am
small spike up now it is not moving
  • #83,116
  • Aug 20, 2008 1:45am Aug 20, 2008 1:45am
Quoting nAVIN2007
i dont understand what do u mean?

if it known that UK will have a rate cut why would it droped in last 2 weeks? i dont get it
I don't mean that the UK would have a rate cut, but the market was anticipating a rate cut soon from the UK MPC, thus the big drop in cable. The market is very much a speculative thing. Buy the rumor, sell the news, or vice versa. It's nothing new that the UK was monetary policy committee was contemplating a rate cut. Unless the meeting minutes coming out showing a larger than expected number of members voted for a rate cut, and a bigger cut than 25 bps, then it wouldn't cause too much of a wave other than the inital irradical movements.
Expected the unexpected
  • #83,117
  • Aug 20, 2008 1:47am Aug 20, 2008 1:47am
Quoting scyang
I don't mean that the UK would have a rate cut, but the market was anticipating a rate cut soon from the UK MPC, thus the big drop in cable. The market is very much a speculative thing. Buy the rumor, sell the news, or vice versa. It's nothing new that the UK was monetary policy committee was contemplating a rate cut. Unless the meeting minutes coming out showing a larger than expected number of members voted for a rate cut, and a bigger cut than 25 bps, then it wouldn't cause too much of a wave other than the inital irradical movements.

thanks
  • #83,118
  • Aug 20, 2008 1:51am Aug 20, 2008 1:51am
Hey Guys,
Haven't been trading last two weeks. Too scared of the market
Just put in a small long now. Getting my toes wet so to speak
Have fun trading
  • #83,119
  • Aug 20, 2008 1:51am Aug 20, 2008 1:51am
8:30 is come and gone and how did you all fare?

For me, i made 32pips... 12up, 20 down and left.

Belakas... Hope you did better?
  • #83,120
  • Aug 20, 2008 1:52am Aug 20, 2008 1:52am
im looking for the possibility on weekly to get a doji....eur and cable might give this formation then a bullish week next week i hope and im loading longs..so long at 61% fibo holds theres a chance

its the only way im going counter trend.
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