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Cable Update (GBPUSD)

  • #96,261
  • Nov 7, 2008 6:51am Nov 7, 2008 6:51am
got 65 pips from scalping with expert...
i don't know where he got the information from... maybe bernanke himself?
Money management is good for your health...
  • #96,262
  • Nov 7, 2008 7:02am Nov 7, 2008 7:02am
Cheers. and you are right, it will take time which may lead to interesting ranges. I have just heard a lot of comments suggesting to not bet against the long term down trend and I believe that it will be a strong downtrend if at all. I do enjoy the fundamental discussion though to put the technicals in perspective, thank you.

Quoting spintrader
Thanks for the explanation. No don't worry, I have my own plan mapped out, if you read my posts you will see that I have been shouting for shorts for a while, and I will continue to!
I think I agree with what you are saying, however I think that the safety in the pound that you speak of will take a lot longer to materialise. Whilst you say that there is less evidence of economic woe in the UK, I think we most certainly haven't seen the last of it.
And as for the rate cut, I don't think anyone was really expecting a sudden 1000 pip plunge. I think its effect on market sentiment will be shown over the coming weeks. And the 150 bpp cut from the UK opposed to the 50 basis point cut in the euro...
Ride the Bulls bearback!
  • #96,263
  • Nov 7, 2008 7:03am Nov 7, 2008 7:03am
Sorry mis print, I meant NOT a strong downtrend
Ride the Bulls bearback!
  • #96,264
  • Nov 7, 2008 7:07am Nov 7, 2008 7:07am
Quoting alcando
Sorry mis print, I meant NOT a strong downtrend
It's ok I thought you meant that. No, you are right it's good to discuss the fundamentals on here. I think they get ignored a bit for the technicals.

As important as technicals are, I think Fundamentals will always be the dominant factor in what drives the price.

Good discussion!
  • #96,265
  • Nov 7, 2008 7:13am Nov 7, 2008 7:13am
Quoting micho
got a lousy 58 pips today while i was away...

overall this week +130 -85 +65 +0 +110 +21 -100 -65 +100 +50

total +226

keep smilling
  • #96,266
  • Nov 7, 2008 7:13am Nov 7, 2008 7:13am
yeah but its hard to know who is saying the right fundamental analysis... cause its complicated... technical is much easier
When life gives you lemons, make lemonade
  • #96,267
  • Nov 7, 2008 7:14am Nov 7, 2008 7:14am
back to watch the news, but NOT trade it.
please DON'T copy my trades I am still learning
  • #96,268
  • Nov 7, 2008 7:15am Nov 7, 2008 7:15am
Well some made nice pips on Yahoo mesenger with me(25-75).Some are closed.some are not.I think this will rande a little untill news,and then if news much worst then we expect more up.If not thi up move was that news made alredy so don't expect to go more up then.will see

Sl will change position 15 sec before news.For now big one because of spikes before news

see ya later
  • #96,269
  • Nov 7, 2008 7:16am Nov 7, 2008 7:16am
Quoting nAVIN2007
keep smilling
Attached Image
When life gives you lemons, make lemonade
  • #96,270
  • Nov 7, 2008 7:18am Nov 7, 2008 7:18am
Quoting ezmystic
sweet, same order as before, but closed for a few pips have to go change nappies
dam wish I'd held onto that short position opened when it hit the 1hr 62ema instead of just closing for a few, but when baby nature calls it calls.
please DON'T copy my trades I am still learning
  • #96,271
  • Nov 7, 2008 7:19am Nov 7, 2008 7:19am
i notice something with news.If 1-2 minutes before news price go more up then somebody know result alredy i think.is no movement then don't.Don't know how to write this and no time to write big posts but i think you understand what i mean.i am still long from 5722.
  • #96,272
  • Nov 7, 2008 7:20am Nov 7, 2008 7:20am
Quoting micho
hey Micho 200 odd pips is good for a week when you've taken a hit.
please DON'T copy my trades I am still learning
  • #96,273
  • Nov 7, 2008 7:20am Nov 7, 2008 7:20am
I love the technical stuff. Total Techno addict. I just want to see Bad US data = Sell $$. Lately that is not the case and it sucks. Maybe today will be different so I am looking out for that to change.

For the rest of the intraday trading the technical stuff is much more accurate, and some of you blokes like Micho, are amazingly good at it.

Quoting micho
yeah but its hard to know who is saying the right fundamental analysis... cause its complicated... technical is much easier
Ride the Bulls bearback!
  • #96,274
  • Nov 7, 2008 7:22am Nov 7, 2008 7:22am
It seems to do it as a result of a lack of orders as no-one trades it. I suspect it is moving towards the closest stop orders as a demand attraction and not neccessarily indicating direction.

Quoting "expert"
i notice something with news.If 1-2 minutes before news price go more up then somebody know result alredy i think.is no movement then don't.Don't know how to write this and no time to write big posts but i think you understand what i mean.i am still long from 5722.
Ride the Bulls bearback!
  • #96,275
  • Nov 7, 2008 7:24am Nov 7, 2008 7:24am
its amazing how i get this shit right when im not in the trades...typical
  • #96,276
  • Nov 7, 2008 7:30am Nov 7, 2008 7:30am
micho, don't get in the news trade
you promised not to trade news yesterday

hey... what's with the price? the us data is bad, but it's moving eur and gbp down...

edit: maybe the revision, so it's a little good for US?
Money management is good for your health...
  • #96,277
  • Nov 7, 2008 7:31am Nov 7, 2008 7:31am
-240K!
  • #96,278
  • Nov 7, 2008 7:34am Nov 7, 2008 7:34am
average: 25 pips spread in all pairs in fxcmmicro
gj:45 pips
gu: 36 pips
  • #96,279
  • Nov 7, 2008 7:36am Nov 7, 2008 7:36am
looks like euro could break it's support, pushing it lower
Attached Image
  • #96,280
  • Nov 7, 2008 7:40am Nov 7, 2008 7:40am
Quoting 13thheaven
micho, don't get in the news trade
you promised not to trade news yesterday

hey... what's with the price? the us data is bad, but it's moving eur and gbp down...

edit: maybe the revision, so it's a little good for US?
lol man

i wont, i will trade technical from now on
When life gives you lemons, make lemonade
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