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Cable Update (GBPUSD)

  • #95,941
  • Nov 6, 2008 6:26am Nov 6, 2008 6:26am
Quoting micho
i dont get the point

go down bitch!!!!!!!!!
in leyman terms,investors will be attracted to the UK because of cheap lending rates for business creation and expansion creating an even bigger demand for the pound hence a rise.basic economics...you better close that trade,i have shut mine -200 ouch
  • #95,942
  • Nov 6, 2008 6:27am Nov 6, 2008 6:27am
down 100 then up 300 thats not logical... up 100 and then down 300 would be normal

what the heck
When life gives you lemons, make lemonade
  • #95,943
  • Nov 6, 2008 6:28am Nov 6, 2008 6:28am
Quoting Lobhengula
in leyman terms,investors will be attracted to the UK because of cheap lending rates for business creation and expansion creating an even bigger demand for the pound hence a rise.basic economics...you better close that trade,i have shut mine -200 ouch
oh great i wipe out the week's profit in one trade!! perfect!!
When life gives you lemons, make lemonade
  • #95,944
  • Nov 6, 2008 6:30am Nov 6, 2008 6:30am
Quoting micho
down 100 then up 300 thats not logical... up 100 and then down 300 would be normal

what the heck
same thing happended in Aussy when they cut more than expected, big reversal, overall positve for sterling the fact the central bank finally woken upto crisis, and that economy could recover quicker in environment of lower rates....
Trading is 80% Emotional, 20% Technical
  • #95,945
  • Nov 6, 2008 6:30am Nov 6, 2008 6:30am
Quoting micho
oh great i wipe out the week's profit in one trade!! perfect!!
take it as a lesson, happens to all of us at some point
Trading is 80% Emotional, 20% Technical
  • #95,946
  • Nov 6, 2008 6:31am Nov 6, 2008 6:31am
Quoting micho
oh great i wipe out the week's profit in one trade!! perfect!!
well we've all been there. Better than 2 weeks though (not giving you any advice here).
  • #95,947
  • Nov 6, 2008 6:31am Nov 6, 2008 6:31am
Quoting micho
i dont get the point

go down bitch!!!!!!!!!

we are in a diamond on monthly i did try and mention last week this is possiblity..its possible this can go to 1.93 b4 heading down....we need to hmake a lower high on monthly...and i think the time has come

u know right now i totally guessing trying to put the pieces together so dont worry im not smoking crack yet
  • #95,948
  • Nov 6, 2008 6:31am Nov 6, 2008 6:31am
This is crazy.
Beyond my understanding
  • #95,949
  • Nov 6, 2008 6:31am Nov 6, 2008 6:31am
i dont understand, what happen?? gu should be down.. grrr..
  • #95,950
  • Nov 6, 2008 6:33am Nov 6, 2008 6:33am
Oh well, that was a nice 120 pip long. I'll wait and see now... UK confidence is back... All the rules from the last few weeks regarding bad news will take a different perspective as Swervin Mervin has taken action. The carry trades will be less attractive but the confidence boost of this cut is massive and will do wonders for the UK economy and business survival.

Woohhooo!!
Ride the Bulls bearback!
  • #95,951
  • Nov 6, 2008 6:34am Nov 6, 2008 6:34am
Quoting nAVIN2007
we are in a diamond on monthly i did try and mention last week this is possiblity..its possible this can go to 1.93 b4 heading down....we need to hmake a lower high on monthly...and i think the time has come

u know right now i totally guessing trying to put the pieces together so dont worry im not smoking crack yet
I remember your diamond theory, but I'm sorry Navin, there is no way in hell this thing is going to 1.93 anytime soon.
  • #95,952
  • Nov 6, 2008 6:34am Nov 6, 2008 6:34am
Quoting mcfbcmnfsz1
i dont understand, what happen?? gu should be down.. grrr..
It's simple. Market participants might think that this is the final cut - the bottom. So that would be good for the pound as this means that the rate cut circle is over...
  • #95,953
  • Nov 6, 2008 6:36am Nov 6, 2008 6:36am
Quoting micho
oh great i wipe out the week's profit in one trade!! perfect!!
im sorry bro! that happened to u....but at least it was profit and not loss
  • #95,954
  • Nov 6, 2008 6:36am Nov 6, 2008 6:36am
Quoting gagakrimba
This is crazy.
Beyond my understanding
there's nothing to understand mate - it's just big news, it often has an inexplicable effect on the market. Don't think there is any rhyme or reason to why it plummets 150 pips and then shoots up 300. cos there isn't! It's just all the tension that has built p exploding, you need to give it time before the true reaction can be seen.
  • #95,955
  • Nov 6, 2008 6:37am Nov 6, 2008 6:37am
im still confused whether to close the trade now and wipe the week's profit or wait for the hourly candle to close at least
When life gives you lemons, make lemonade
  • #95,956
  • Nov 6, 2008 6:37am Nov 6, 2008 6:37am
ill never ever ever trade the news anymore
When life gives you lemons, make lemonade
  • #95,957
  • Nov 6, 2008 6:39am Nov 6, 2008 6:39am
Quoting spintrader
I remember your diamond theory, but I'm sorry Navin, there is no way in hell this thing is going to 1.93 anytime soon.
it can take 12 months to happen or maybe 8...its not happening quickly...its a monthly chart
  • #95,958
  • Nov 6, 2008 6:42am Nov 6, 2008 6:42am
trade hedged... -250 congratulations to my stupidity... now im out see ya
When life gives you lemons, make lemonade
  • #95,959
  • Nov 6, 2008 6:43am Nov 6, 2008 6:43am
At last it turn south.
That's more like it
  • #95,960
  • Nov 6, 2008 6:45am Nov 6, 2008 6:45am
micho

this is the important bit bro if it closes above this line i think u need to close the position cause i dubt it will go down if it breaks out of this traingle

it could go down from here also ...
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