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Cable Update (GBPUSD)

  • #93,041
  • Oct 21, 2008 11:51pm Oct 21, 2008 11:51pm
What's happening with the cable ?
after such a move I wonder what will be the impact of the MPC Meeting Minute today
  • #93,042
  • Oct 21, 2008 11:54pm Oct 21, 2008 11:54pm
I give one valuable advice - Stay away from markets, DON"T TRADE, grab all your money and have a rest like I did!
ROBOT FOREX
  • #93,043
  • Oct 21, 2008 11:56pm Oct 21, 2008 11:56pm
Quoting Forbes55
I give one valuable advice - Stay away from markets, DON\"T TRADE, grab all your money and have a rest like I did!

Well said.

If you are out of sync with the markets, it is better to keep your powder dry so you can fight for your precious pips another day.

GOOD LUCK to ALL.
  • #93,044
  • Oct 21, 2008 11:59pm Oct 21, 2008 11:59pm
market maybe slowing down now
  • #93,045
  • Oct 22, 2008 12:03am Oct 22, 2008 12:03am
1000 pips move in 24 hours on this cable. We stayed in a 1500 pips range during 1.5 years before.....crazy
  • #93,046
  • Oct 22, 2008 12:07am Oct 22, 2008 12:07am
As I understand it, Euro is dropping because of bets that ECB will cut rates. Are people thinking same applies to cable? No other way to explain this.
  • #93,047
  • Oct 22, 2008 12:09am Oct 22, 2008 12:09am
Quoting PipGal
As I understand it, Euro is dropping because of bets that ECB will cut rates. Are people thinking same applies to cable? No other way to explain this.

We have had rate cuts before...it has never resulted into 600 pips drop or rise of the euro....nor into 1000 pips move up or down on the gbp......
  • #93,048
  • Oct 22, 2008 12:11am Oct 22, 2008 12:11am
Quoting emeric33
We have had rate cuts before...it has never resulted into 600 pips drop or rise of the euro....nor into 1000 pips move up or down on the gbp......
Well, but now also we have the flee into "safe haven" currency coupled with rate cuts.
  • #93,049
  • Oct 22, 2008 12:14am Oct 22, 2008 12:14am
OMG i MADE SO MUCH MONEY. its a good thing i was outfor the day or I probably would have gotten out of my option earlier on what i would have thought was a good profit. I bought a put @ 1.7550. I'm getting out now. I think I'm gonna buy a new car.
  • #93,050
  • Oct 22, 2008 12:16am Oct 22, 2008 12:16am
Quoting PipGal
Well, but now also we have the flee into \"safe haven\" currency coupled with rate cuts.
Not sure how people can consider as safe heaven the currency of a country that is virtually bankrupted...and is the source of all the present mess.
  • #93,051
  • Oct 22, 2008 12:26am Oct 22, 2008 12:26am
hi traders

i sent here from two weeks ago my calls for euro
i forecast the continuation of the down trend.
another breakout confirm the down trend in both euro and British pound.
as shown in my charts.
and here we go i opened one short position at 1.4700 area
and price now almost 1000 pip profit.
i like to thanks all other great traders to give me the chance to see my targets come true .
so the question now where the price is going?
the answer in the trend
the trend is down i wait for another 1000 pip before i close my positions.
as i said before no matter price go up will fall like rock
coz the trend is down
i hope you great traders have fun with price coz i already did..hahaha
and dont forget the fundamental aspect!!!!!
and to be clear to you
all the buyrs and the sellers are here in those threads and you know the forex basic rule
only 20% win and the other 80% loss
so try to figure it out by your mind
yea they fool you and robb your money
they said the price is going up and you will find the price is going down and visa verse ,try to observe and make your mind work
in threads we call this move the {news}.

and i tried to warn you from time ago by sending the trend direction , i hope i did my pa
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  • #93,052
  • Oct 22, 2008 12:26am Oct 22, 2008 12:26am
market is slowing down, but if she break the low again. surely she'll dancing like hell. minor trend line hold so long
  • #93,053
  • Oct 22, 2008 12:37am Oct 22, 2008 12:37am
What goes down must comes up, such a big move on the cable will have a counter move up ,so its not a good time to buy or sell better wait till the dust clears up
  • #93,054
  • Oct 22, 2008 12:40am Oct 22, 2008 12:40am
here, we go. my flatform went freezing. and she jump again. go babeyyy. nothing to loss. SL move to B.E. free trade for me
  • #93,055
  • Oct 22, 2008 12:49am Oct 22, 2008 12:49am
CRAPPY CRAPPY CRAP CRAP
I had a short entry at 571 w a target of 450. i was getting read to crash and didn't want to watch it and it hadn't moved significantly in my favor to put my standard BE SL. So i closed for plus 10 or so. now i just woke up to find my orig target not only hit but blown out of the water.....CRAP!!!!!!!
  • #93,056
  • Oct 22, 2008 12:55am Oct 22, 2008 12:55am
i had short at 910 and i close for 68 pips, imagine if i keep SL at BE. 1 std lot. but there will be another wave to ride.
  • #93,057
  • Oct 22, 2008 12:56am Oct 22, 2008 12:56am
Quoting joeblack
i had short at 910 and i close for 68 pips, imagine if i keep SL at BE. 1 std lot. but there will be another wave to ride.
i had a short open monday at 7067
  • #93,058
  • Oct 22, 2008 12:59am Oct 22, 2008 12:59am
for now, i just keep scalping for short.
  • #93,059
  • Oct 22, 2008 1:56am Oct 22, 2008 1:56am
if there is anybody - it is so sleepy here
Jesus Christ is my only Lord !
  • #93,060
  • Oct 22, 2008 2:01am Oct 22, 2008 2:01am
as i said 1.59 on november 11... now its not 1.59 anymore its less than that hahahahah
When life gives you lemons, make lemonade
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