Attachments: Cable Update (GBPUSD)

Cable Update (GBPUSD)

#95,901
Nov 6, 2008 5:17am Nov 6, 2008 5:17am

alcando
| Joined Jul 2008 | Status: Pip Pincher | 758 Posts

Trick

or Treat

I stand to make/save more on the mortgage from a bigger rate cut so lets have a biggi and hopefully make a few by destroying the GBP. I strongly doubt these fuddy duddies will exceed 0.5% cut... Come on!!

Ride the Bulls bearback!

#95,902
Nov 6, 2008 5:28am Nov 6, 2008 5:28am

manize
| Joined Dec 2007 | Status: Trader | 3,220 Posts

Quoting gagakrimba

Disliked

Hmmmmm.....
I'll enter both 30 sec before the announcement with tight SL

Ignored

How many minutes from now ?

I only trade XAU/USD. Based on USD news & Fib SR & BB20

#95,903
Nov 6, 2008 5:30am Nov 6, 2008 5:30am

13thheaven
| Joined Mar 2007 | Status: FF Lover | 257 Posts

29 minutes and 30 seconds...

Money management is good for your health...

#95,904
Nov 6, 2008 5:31am Nov 6, 2008 5:31am

spintrader
| Joined Jul 2008 | Status: Trader | 348 Posts

Morning everyone,
So we have the all important rates decision today, and as to be expected the market is dithering in anticipation.
My advice to anyone reading this is be careful if you have decided to trade the news. We could see huge swings either way - especially if they cut more than is expected, i.e 100 bp.
My money is still on short, I don't think this can be identified as an 'uptrend', just a retacement or consolidation.
In my opinion, to be classified as a trend, it cannot be on a short time frame. And a quick look at the monthly chart will make the downtrend immediately obvious.
Good luck trading all, expert I see you are relentlessly bringing in the pips again, slow down I need time for my short to catch up

#95,905
Nov 6, 2008 5:34am Nov 6, 2008 5:34am

manize
| Joined Dec 2007 | Status: Trader | 3,220 Posts

Quoting 13thheaven

Disliked

29 minutes and 30 seconds...

Ignored

Tengkiyu !

I only trade XAU/USD. Based on USD news & Fib SR & BB20

#95,906
Nov 6, 2008 5:40am Nov 6, 2008 5:40am

gagakrimba
| Membership Revoked | Joined Aug 2008 | 1,097 Posts

Quoting 13thheaven

Disliked

29 minutes and 30 seconds...

Ignored

Looks like south bound

#95,907
Nov 6, 2008 5:42am Nov 6, 2008 5:42am

ezmystic
| Joined Jul 2008 | Status: 1 pip at a time... | 642 Posts

Is anyone in a position that they are going to hold into the rate decision? U've closed my short for a few pips because I don't want to get hit, but I reckon GBP is going to tank as I tgink bigger cut will come

please DON'T copy my trades I am still learning

#95,908
Nov 6, 2008 5:45am Nov 6, 2008 5:45am

spintrader
| Joined Jul 2008 | Status: Trader | 348 Posts

Quoting ezmystic

Disliked

Is anyone in a position that they are going to hold into the rate decision? U've closed my short for a few pips because I don't want to get hit, but I reckon GBP is going to tank as I tgink bigger cut will come

Ignored

Yes, I've been short since 1.6500, and I too hope it will tank!

#95,909
Nov 6, 2008 5:49am Nov 6, 2008 5:49am

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

Quoting ezmystic

Disliked

Is anyone in a position that they are going to hold into the rate decision? U've closed my short for a few pips because I don't want to get hit, but I reckon GBP is going to tank as I tgink bigger cut will come

Ignored

I keep short from 1,6405

Jesus Christ is my only Lord !

#95,910
Nov 6, 2008 5:52am Nov 6, 2008 5:52am

fx local
| Joined Dec 2007 | Status: Senior Member | 1,461 Posts

is anyone of the view that a cut of 100% or bigger may actually cause a rally in sterling? - since this may help the UK recover from the recession slightly quicker?

Trading is 80% Emotional, 20% Technical

#95,911
Nov 6, 2008 5:54am Nov 6, 2008 5:54am

ezodisy
| Joined Nov 2008 | Status: Trader | 665 Posts

Quoting fx local

Disliked

is anyone of the view that a cut of 100% or bigger may actually cause a rally in sterling? - since this may help the UK recover from the recession slightly quicker?

Ignored

You've been listening to Bloomberg too?

A few on there think so. Surprise surprise is coming

#95,912
Nov 6, 2008 5:58am Nov 6, 2008 5:58am

ezmystic
| Joined Jul 2008 | Status: 1 pip at a time... | 642 Posts

Quoting spintrader

Disliked

Yes, I've been short since 1.6500, and I too hope it will tank!

Ignored

You are trading long term TF's are you not, so would defo be good for you and shouldn't matter if it doesn't tank.

please DON'T copy my trades I am still learning

#95,913
Nov 6, 2008 6:01am Nov 6, 2008 6:01am

spintrader
| Joined Jul 2008 | Status: Trader | 348 Posts

1.5, holy crap!

#95,914
Nov 6, 2008 6:01am Nov 6, 2008 6:01am

13thheaven
| Joined Mar 2007 | Status: FF Lover | 257 Posts

wow 1.5%cut...
it's a hectic...

Money management is good for your health...

#95,915
Nov 6, 2008 6:03am Nov 6, 2008 6:03am

gagakrimba
| Membership Revoked | Joined Aug 2008 | 1,097 Posts

Quoting 13thheaven

Disliked

wow 1.5%cut...
it's a hectic...

Ignored

Is that for real ?

#95,916
Nov 6, 2008 6:04am Nov 6, 2008 6:04am

spintrader
| Joined Jul 2008 | Status: Trader | 348 Posts

Quoting ezmystic

Disliked

You are trading long term TF's are you not, so would defo be good for you and shouldn't matter if it doesn't tank.

Ignored

yeah that's right, that's the only reason why I feel safe trading the news.
It would have to spike upwards 600 pips to hit my stop loss, so I'm pretty much safe.
Just sitting back, waiting for gravity and economic disaster to work its magic!

#95,917
Nov 6, 2008 6:04am Nov 6, 2008 6:04am