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Cable Update (GBPUSD)

  • #85,821
  • Sep 4, 2008 5:49am Sep 4, 2008 5:49am
@7795
Jesus Christ is my only Lord !
  • #85,822
  • Sep 4, 2008 6:00am Sep 4, 2008 6:00am
Interest rate 5%
  • #85,823
  • Sep 4, 2008 6:10am Sep 4, 2008 6:10am
Leaving the rate unchanged. So nothing has changed. So down trend should continue...imo
  • #85,824
  • Sep 4, 2008 6:11am Sep 4, 2008 6:11am
It will surely continue
but I will continue in a moment
Jesus Christ is my only Lord !
  • #85,825
  • Sep 4, 2008 6:16am Sep 4, 2008 6:16am
buy again @ 7809
Jesus Christ is my only Lord !
  • #85,826
  • Sep 4, 2008 6:29am Sep 4, 2008 6:29am
Quoting alsup1955
Leaving the rate unchanged. So nothing has changed. So down trend should continue...imo
I concur, no reason for trend to reverse whatsoever. GB economy is going down the toilet while US just may be arising from the sewage outlet ready to be hosed down and sprayed with eau-de-cologne.
TRADE FOR SWAP
  • #85,827
  • Sep 4, 2008 6:32am Sep 4, 2008 6:32am
Quoting fx local
hey buddy, im good thanks, urself? its 50 and 200 day simple MA
thats bollinger bands
Trading is 80% Emotional, 20% Technical
  • #85,828
  • Sep 4, 2008 6:36am Sep 4, 2008 6:36am
Quoting fx local
thats bollinger bands

thnks man
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #85,829
  • Sep 4, 2008 6:57am Sep 4, 2008 6:57am
+10pps
Jesus Christ is my only Lord !
  • #85,830
  • Sep 4, 2008 6:57am Sep 4, 2008 6:57am
Quoting cgldsmth
I concur, no reason for trend to reverse whatsoever. GB economy is going down the toilet while US just may be arising from the sewage outlet ready to be hosed down and sprayed with eau-de-cologne.
Isn't the contemplation regarding the rate to REDUCE the rate?? Isn't that actually only going to accelerate the drop in cable?? That's certainly been what's happened with the kiwi and Oz.
  • #85,831
  • Sep 4, 2008 7:07am Sep 4, 2008 7:07am
LONDON, Sept 4 (Reuters) - New car registrations in Britain fell an annual 18.6 percent last month to record its weakest August since 1966, a survey showed on Thursday.

The Society of Motor Manufacturers and Traders said there were just 63,225 car registrations last month.

'The August market was the lowest since 1966 and accounted for a quarter of the fall in volumes over the year-to-date,' the SMMT said. 'The last three months account for 89 percent of the drop.'

The figures provide further evidence that Britons are tightening their belts as the economy slows.
  • #85,832
  • Sep 4, 2008 7:08am Sep 4, 2008 7:08am
targets 1.7920, 1.7960/80, 1.8020/40, 1.8080/1.8100.
{Promotion Removed}
  • #85,833
  • Sep 4, 2008 7:11am Sep 4, 2008 7:11am
Quoting Qu|cksilver
Shilva,
How do you know the day is trending or ranging?
Good question Quicksilver, it is tough to do. Here is how I try to look at it.

On the day charts reversals or continuations seldom happen overnight. It usually takes several days of consolidation or ranging before the market decides which direction it will go.

Right now I feel we are in one of the consolidation periods, probably until non farm payroll comes out tomorrow. Usually 2 or 3 days before a major fundamental the market settles down or ranges in anticipation of the release.

As a range applies to a day trader... sell the rallies and buy the dips, quickly.

As a trend wait for the breakouts to buy or hold your positions a little longer in the direction of the trend in anticipation of a break.

Hope that makes sense.
  • #85,834
  • Sep 4, 2008 7:34am Sep 4, 2008 7:34am
What does cable think she is doing. She is not supposed to going north. Well I know she must sooner or later .but please not today.
  • #85,835
  • Edited 7:42am Sep 4, 2008 7:39am | Edited 7:42am
i dont know to upload image to this post, but can anyone do this for me..

on weekly chart takes your fibo 2.0399 as zero point and 1.9360 as 100% point

now she will creates wave 4 and get ready to fly again
Verily, in every difficulties there is relief
  • #85,836
  • Sep 4, 2008 7:39am Sep 4, 2008 7:39am
I am @ 7814
Jesus Christ is my only Lord !
  • #85,837
  • Sep 4, 2008 7:40am Sep 4, 2008 7:40am
Quoting Shilva
Good question Quicksilver, it is tough to do. Here is how I try to look at it.

On the day charts reversals or continuations seldom happen overnight. It usually takes several days of consolidation or ranging before the market decides which direction it will go.

Right now I feel we are in one of the consolidation periods, probably until non farm payroll comes out tomorrow. Usually 2 or 3 days before a major fundamental the market settles down or ranges in anticipation of the release.

As a range applies to a day trader... sell the rallies and buy the dips, quickly.

As a trend wait for the breakouts to buy or hold your positions a little longer in the direction of the trend in anticipation of a break.

Hope that makes sense.


Let me add just for info,
After strong rallies either up or down, most of the time we will see ranging! Why it is ranging is because price wanted to create a new pattern.

sorry for my poor english
"Invest With The Insiders, Not The Masses" George Muzea
  • #85,838
  • Sep 4, 2008 8:05am Sep 4, 2008 8:05am
hunting Sl before decide direction
  • #85,839
  • Sep 4, 2008 8:05am Sep 4, 2008 8:05am
Quoting cgldsmth
I concur, no reason for trend to reverse whatsoever. GB economy is going down the toilet while US just may be arising from the sewage outlet ready to be hosed down and sprayed with eau-de-cologne.
  • #85,840
  • Sep 4, 2008 8:28am Sep 4, 2008 8:28am
Does anyone think that the pound will buckle this pm. At the moment am short on both cable and swissy and its so exausting watching them faffing about. Lucky piping to all
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