Attachments: Cable Update (GBPUSD)

Cable Update (GBPUSD)

#88,001
Sep 15, 2008 8:29pm Sep 15, 2008 8:29pm

mphpopular
| Joined May 2008 | Status: Trader | 1,245 Posts

I gonna wait and see today GU movement. Or maybe tomoro.

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#88,002
Sep 15, 2008 8:51pm Sep 15, 2008 8:51pm

eohater
Joined May 2008 | Status: "One for all, and all for one" | 11,228 Posts

Quoting Obaidah

Disliked

American economy suffered much from inflation, i dont think they're going to chase it by cutting the interest rate.

Ignored

I think it would be outstanding if they raised it!

Just digging in the trenches like everyone else!

#88,003
Sep 15, 2008 8:54pm Sep 15, 2008 8:54pm

Obaidah
| Joined Jun 2008 | Status: Trader | 1,079 Posts

Quoting eohater

Disliked

I think it would be outstanding if they raised it!

Ignored

your point?

I recommend you read something else as this sentence is now concluded.

#88,004
Sep 15, 2008 9:07pm Sep 15, 2008 9:07pm

wakli
| Joined Dec 2007 | Status: Rock Forever!!!! | 899 Posts

Quoting eohater

Disliked

I think it would be outstanding if they raised it!

Ignored

More likely they will cut it....

#88,005
Sep 15, 2008 9:13pm Sep 15, 2008 9:13pm

eohater
Joined May 2008 | Status: "One for all, and all for one" | 11,228 Posts

Quoting wakli

Disliked

More likely they will cut it....

Ignored

I have no clue what they'll do, I just want to be on the right side of my trade when it happens (if I'm in a trade). Right now I'm waiting for a ride.

Just digging in the trenches like everyone else!

#88,006
Sep 15, 2008 9:33pm Sep 15, 2008 9:33pm

wakli
| Joined Dec 2007 | Status: Rock Forever!!!! | 899 Posts

Quoting eohater

Disliked

I have no clue what they'll do, I just want to be on the right side of my trade when it happens (if I'm in a trade). Right now I'm waiting for a ride.

Ignored

You're absolutely correct!!!Regardless what happens regarding the IR,just follow the market reaction.....

#88,007
Sep 15, 2008 9:46pm Sep 15, 2008 9:46pm

eohater
Joined May 2008 | Status: "One for all, and all for one" | 11,228 Posts

Here's my thought. If the current candle respects the 10sma on my chart (blue line) then I will be looking for a short on the next candle opening (1hr and 15 mins away) targeting the 50 ema (black line) The red line is the 5sma and they have crossed. If that candle should close near the 50 ema with a short wick, then I will be looking to reenter long targeting the 5 sma possible or higher. We'll see how it goes. Good luck trading everyone

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Just digging in the trenches like everyone else!

#88,008
Sep 15, 2008 10:35pm Sep 15, 2008 10:35pm

Obaidah
| Joined Jun 2008 | Status: Trader | 1,079 Posts

eohater, can you tell me what moving averages you prefer to use and the timeframes you use them for?

I recommend you read something else as this sentence is now concluded.

#88,009
Edited 1:56am Sep 16, 2008 1:46am | Edited 1:56am

crane
| Joined Sep 2008 | Status: Trader | 4 Posts

Nymex Crude Future= price :92.12 , change : -3.59

Dated Brent Spot= price :88.88 , change : -.94

WTI Cushing Spot= price : 95.71 , change :-5.47

#88,010
Sep 16, 2008 2:29am Sep 16, 2008 2:29am

pip me
| Joined Dec 2007 | Status: Trader | 149 Posts

big day for news, anyone care to shed some light

#88,011
Edited 3:24am Sep 16, 2008 3:22am | Edited 3:24am

hipcio
| Joined Apr 2008 | Status: Trader | 1,171 Posts

but as it is so sleepy here I will post
I think that I can see the triangle on 2H and 4H
charts both euro and GBP
so I think that both wuld undertake the growing trend
after the down correction

so I would be long for the moment

Jesus Christ is my only Lord !

#88,012
Sep 16, 2008 3:37am Sep 16, 2008 3:37am

Obaidah
| Joined Jun 2008 | Status: Trader | 1,079 Posts

Breaking News !

Interbank borrowing in London has stopped. There is '0' liquidity, even after Fed's 70 Billion $ injection. (and LIBOR is around 10%, 5 times the Fed funds rate, at 2%)

CNBCe

I recommend you read something else as this sentence is now concluded.

#88,013
Sep 16, 2008 3:38am Sep 16, 2008 3:38am

"expert"
| Commercial User | Joined May 2008 | 1,300 Posts

I was thinking of short.I need some break below 1,7875 area or above DP.So far looks to me like DP is holding.Every time we break a little it goes below again.So some range i see now.Waiting for that inflation news,but i think it would be bead.GBP is trouble also.

#88,014
Sep 16, 2008 3:39am Sep 16, 2008 3:39am

nAVIN2007
Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts

im worried about the state of the world.....it looks like we are heading for the hardest times seen!...this is much bigger than forex win or gain....

what the hell is going on?.....

back to the analysis....that doji on weekly isnt good for long but i think with whats happening in america if cable fails more then this currency is doomed big time

#88,015
Sep 16, 2008 3:46am Sep 16, 2008 3:46am

Subdude
Joined Aug 2007 | Status: If it walks like a duck... | 1,477 Posts

Quoting Obaidah

Disliked

Breaking News !

Interbank borrowing in London has stopped. There is '0' liquidity, even after Fed's 70 Billion $ injection. (and LIBOR is around 10%, 5 times the Fed funds rate, at 2%)

CNBCe

Ignored

Is this a troll?