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Cable Update (GBPUSD)

  • #95,921
  • Nov 6, 2008 6:07am Nov 6, 2008 6:07am
100 pips drop. and coming back upstairs...
maybe he forgot to bring his licence...
Quoting gagakrimba
What now ?
500 pips drop ?
The yen is reacting more to this
Money management is good for your health...
  • #95,922
  • Nov 6, 2008 6:11am Nov 6, 2008 6:11am
With such a big cut i expect this baby to drop free fall but instead it's holding there.
What happen ?
  • #95,923
  • Nov 6, 2008 6:13am Nov 6, 2008 6:13am
Funny EUR is reacting more than GBP
  • #95,924
  • Nov 6, 2008 6:13am Nov 6, 2008 6:13am
Bro, this is UK economic survival. This baby is going up as will the stock markets!!
Ride the Bulls bearback!
  • #95,925
  • Nov 6, 2008 6:14am Nov 6, 2008 6:14am
Quoting gagakrimba
Funny EUR is reacting more than GBP
lets see where this mofo goes...
  • #95,926
  • Nov 6, 2008 6:14am Nov 6, 2008 6:14am
Quoting fx local
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?
My word fx local, Were you privy to some price sensitive news??
  • #95,927
  • Nov 6, 2008 6:15am Nov 6, 2008 6:15am
..hi guys..hope you all had nice trades...+200 pips for me but my nerves were like lolipop..conclusion: never trade on news!!!! see ya
  • #95,928
  • Nov 6, 2008 6:16am Nov 6, 2008 6:16am
Quoting alcando
Bro, this is UK economic survival. This baby is going up as will the stock markets!!
yeah.. I wouldn't hold your breath!
  • #95,929
  • Nov 6, 2008 6:17am Nov 6, 2008 6:17am
Quoting alcando
Bro, this is UK economic survival. This baby is going up as will the stock markets!!
how is that?
When life gives you lemons, make lemonade
  • #95,930
  • Nov 6, 2008 6:18am Nov 6, 2008 6:18am
well that was effing nuts
Grabbing the bull by the horns!
  • #95,931
  • Nov 6, 2008 6:18am Nov 6, 2008 6:18am
Quoting gagakrimba
With such a big cut i expect this baby to drop free fall but instead it's holding there.
What happen ?
Beautiful bounce off lower trendline, EUR probably falling as UK cut sets a precedent. I've learnt recently not to take any fundamental bias to reaction from news
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I need to put up stop losses.
  • #95,932
  • Nov 6, 2008 6:19am Nov 6, 2008 6:19am
Quoting whitegoodman
well that was effing nuts
haha, just seeing your name and picture cracked me up, brilliant!
  • #95,933
  • Nov 6, 2008 6:19am Nov 6, 2008 6:19am
if u cut the interest rate of a currency it should fall, why is it still up?
When life gives you lemons, make lemonade
  • #95,934
  • Nov 6, 2008 6:20am Nov 6, 2008 6:20am
probably a move to shake of low leverage traders or those with tight stops losses..it will come down before long
  • #95,935
  • Nov 6, 2008 6:20am Nov 6, 2008 6:20am
Quoting micho
if u cut the interest rate of a currency it should fall, why is it still up?
I think they're waiting for US traders especially Bernanke Sr. of forex factory
  • #95,936
  • Nov 6, 2008 6:21am Nov 6, 2008 6:21am
maybe becuase it signals a massive change in sentiment and a potential turnaround in consumer confidence.
TRADE FOR SWAP
  • #95,937
  • Nov 6, 2008 6:22am Nov 6, 2008 6:22am
Quoting micho
if u cut the interest rate of a currency it should fall, why is it still up?
its not about interest differentials but instead capital appreciation...
Trading is 80% Emotional, 20% Technical
  • #95,938
  • Nov 6, 2008 6:22am Nov 6, 2008 6:22am
Quoting gagakrimba
With such a big cut i expect this baby to drop free fall but instead it's holding there.
What happen ?
Gagakrimba, perfect example of GBP resiliency. 1.5% rate cut is a major boost to stock markets. Funds moving bucks from treasuries into stock, at least temporarily.
  • #95,939
  • Nov 6, 2008 6:22am Nov 6, 2008 6:22am
Quoting cgldsmth
maybe becuase it signals a massive change in sentiment and a potential turnaround in consumer confidence.
i dont get the point

go down bitch!!!!!!!!!
When life gives you lemons, make lemonade
  • #95,940
  • Nov 6, 2008 6:25am Nov 6, 2008 6:25am
have patience, it will go down. Anyway we have the ecb decision in 20 mins. That'll make things interesting. And then we will have to hear what our oby trichet has to say.
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