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Cable Update (GBPUSD)

  • #93,481
  • Oct 23, 2008 12:47pm Oct 23, 2008 12:47pm
where can i join it with live??
GELORE
  • #93,482
  • Oct 23, 2008 12:48pm Oct 23, 2008 12:48pm
Originally Posted by PipGal http://www.forexfactory.com/images/buttons/viewpost.gif
When you do a chat, please be sure to hit the \"conference call\" button so we all can hear.
GELORE
  • #93,483
  • Oct 23, 2008 1:27pm Oct 23, 2008 1:27pm
does it mean gbp/usd is more difficult to go south?
  • #93,484
  • Oct 23, 2008 1:27pm Oct 23, 2008 1:27pm
Well I cant figure out whether I am up or not !

are my GBP's worth less so I should be sad - or are my USD worth more so I should be glad ?

Depends where I am going to spend it eventually I guess and I have no idea

yours truly, confused, east washington state

ps - Must be retrace time soon, they always happen eventually you know
  • #93,485
  • Oct 23, 2008 1:42pm Oct 23, 2008 1:42pm
Quoting allserene
Well I cant figure out whether I am up or not !

are my GBP's worth less so I should be sad - or are my USD worth more so I should be glad ?

Depends where I am going to spend it eventually I guess and I have no idea

yours truly, confused, east washington state

ps - Must be retrace time soon, they always happen eventually you know
When life gives you lemons, make lemonade
  • #93,486
  • Oct 23, 2008 2:06pm Oct 23, 2008 2:06pm
Quoting leu02cz
does it mean gbp/usd is more difficult to go south?

Not necessarily. Remember JPY is the strongest currency here, followed by USD, then followed by everything else. It's all relative. GBP has been taking a beating relative to the USD there's no reason to see why it would suddenly change course.
  • #93,487
  • Oct 23, 2008 2:08pm Oct 23, 2008 2:08pm
Quoting PipGal
Not necessarily. Remember JPY is the strongest currency here, followed by USD, then followed by everything else. It's all relative. GBP has been taking a beating relative to the USD there's no reason to see why it would suddenly change course.
thanks
  • #93,488
  • Oct 23, 2008 2:14pm Oct 23, 2008 2:14pm
Quoting allserene
Well I cant figure out whether I am up or not !

are my GBP's worth less so I should be sad - or are my USD worth more so I should be glad ?

Depends where I am going to spend it eventually I guess and I have no idea

yours truly, confused, east washington state

ps - Must be retrace time soon, they always happen eventually you know
I think it is not too far away..... maybe up to daily 5sma.... If that h4 pin posted earlier is taken out though, we will have to wait for that retracement...
Attached Image (click to enlarge)
Click to Enlarge Name: day.gif Size: 22 KB
Patience + Discipline - Greed = Success
  • #93,489
  • Oct 23, 2008 2:14pm Oct 23, 2008 2:14pm
Quoting PipGal
Not necessarily. Remember JPY is the strongest currency here, followed by USD, then followed by everything else. It's all relative. GBP has been taking a beating relative to the USD there's no reason to see why it would suddenly change course.
Of course the USD was taking a beating from the GPB at 2.14 and everyone said there was no reason why it should change course - many were predicting 2.50


apart from death and taxes, not much is predictable
  • #93,490
  • Oct 23, 2008 2:17pm Oct 23, 2008 2:17pm
Quoting Infinity
I think it is not too far away..... maybe up to daily 5sma.... If that h4 pin posted earlier is taken out though, we will have to wait for that retracement...
I think it's close also.......

Pound getting beatdown all week.....Fed talk of cutting interest rates next week!

HOLLA
  • #93,491
  • Oct 23, 2008 2:21pm Oct 23, 2008 2:21pm
Quoting Turtle
I think it's close also.......

Pound getting beatdown all week.....Fed talk of cutting interest rates next week!

HOLLA

AGAIN? When did the fed say that? Last I heard they were firmly standing pat.
  • #93,492
  • Oct 23, 2008 2:30pm Oct 23, 2008 2:30pm
Weekly chart looks more scary than Michael Myers in Halloween...
Attached Image (click to enlarge)
Click to Enlarge Name: week.gif Size: 32 KB
Patience + Discipline - Greed = Success
  • #93,493
  • Oct 23, 2008 2:30pm Oct 23, 2008 2:30pm
Quoting PipGal
AGAIN? When did the fed say that? Last I heard they were firmly standing pat.
It was brought up at last weeks meeting in front of Congress, Fed is trying to use the few bullets they got left....

So the Fed Funds futures started pricing in another rate cut for next week.

But as we all know, it could go either way. Buy the rumor, sell the fact maybe!!

HOLLA
  • #93,494
  • Oct 23, 2008 2:32pm Oct 23, 2008 2:32pm
Quoting Turtle
It was brought up at last weeks meeting in front of Congress, Fed is trying to use the few bullets they got left....

So the Fed Funds futures started pricing in another rate cut for next week.

But as we all know, it could go either way. Buy the rumor, sell the fact maybe!!

HOLLA

I hear Benny is giving away free money for Halloween at his doorstep. You have to dress up as a going concern.
  • #93,495
  • Oct 23, 2008 2:35pm Oct 23, 2008 2:35pm
Quoting PipGal
I hear Benny is giving away free money for Halloween at his doorstep. You have to dress up as a going concern.
I think I will dress up as a CEO of a bank!!!!

HOLLA
  • #93,496
  • Oct 23, 2008 2:48pm Oct 23, 2008 2:48pm
Did everyone catch the long? I'm in at 1.6116
Just digging in the trenches like everyone else!
  • #93,497
  • Oct 23, 2008 2:48pm Oct 23, 2008 2:48pm
yippee we are off back to 2.0000

super move !
  • #93,498
  • Oct 23, 2008 2:50pm Oct 23, 2008 2:50pm
Quoting eohater
Did everyone catch the long? I'm in at 1.6116

yes got it ALL !!!!

but i play euro while watching cable - the spread is only 0.9 pip and the moves are the same
  • #93,499
  • Oct 23, 2008 2:50pm Oct 23, 2008 2:50pm
Quoting leu02cz
thanks
CAD was the strongest in the beginning of the month!!
When life gives you lemons, make lemonade
  • #93,500
  • Oct 23, 2008 2:51pm Oct 23, 2008 2:51pm
Quoting eohater
Did everyone catch the long? I'm in at 1.6116
yup..
Patience + Discipline - Greed = Success
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