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Cable Update (GBPUSD)

  • #103,901
  • Dec 3, 2008 7:19pm Dec 3, 2008 7:19pm
Quoting gagakrimba
Will the gbp official bank rate cut have any effect ?
I think the drop recently has taken the effect and we could be for a surprise when it is announced. Unless it is more than 1%
i hope it's will drop to 1.4500
  • #103,902
  • Dec 3, 2008 7:24pm Dec 3, 2008 7:24pm
Quoting gagakrimba
Will the gbp official bank rate cut have any effect ?
I think the drop recently has taken the effect and we could be for a surprise when it is announced. Unless it is more than 1%
I reckon a 100bp cut and cable may bounce a little.

50bp and will bounce even higher.

150bp cut and cable will tank to 1.4500. Before bouncing a bit.

This is just wild speculation so please DONT make any trades based on this
  • #103,903
  • Dec 3, 2008 7:40pm Dec 3, 2008 7:40pm
Quoting alexan
i hope it's will drop to 1.4500
I would be careful with any shorts until rate decision time and even then
it may be prudent to wait 15 minutes or so to see the reaction. My guess
would be that you will see a slight upwards movement to maybe the 4900ish
area prior to 4:00am pst (rate change time). There may be some potential for
some small short scalps on the way up. I see it coming back down - after rate decision -
to 4750.. 4800 area. I feel we have seen bottom or close to it for the month already

Just my opinion / not a forcast!!!!!
  • #103,904
  • Dec 3, 2008 7:44pm Dec 3, 2008 7:44pm
Quoting golatigo
I would be careful with any shorts until rate decision time and even then
it may be prudent to wait 15 minutes or so to see the reaction. My guess
would be that you will see a slight upwards movement to maybe the 4900ish
area prior to 4:00am pst (rate change time). There may be some potential for
some small short scalps on the way up. I see it coming back down - after rate decision -
to 4750.. 4800 area. I feel we have seen bottom or close to it for the month already

Just my opinion / not a forcast!!!!!

Dude our Hawks are pretty bad this year
  • #103,905
  • Dec 3, 2008 7:50pm Dec 3, 2008 7:50pm
Quoting steelhead
Dude our Hawks are pretty bad this year
YES THEY ARE - SHIT HAPPENS
Injuries and lack of defense (that was supposed to be good)
kind of messed up Coach Mike's last year here!
To bad we got screwed out of the Super Bowl a few years back,
at least then we would something to hang our hats on!

Will just have to root for Coach Zorn this year
  • #103,906
  • Dec 3, 2008 7:50pm Dec 3, 2008 7:50pm
Quoting LuckyLurker
nah man.. interest rate decisions have no effect at all on forex.. especailly ones that come out bigger than estimated.. price wont move at all.
The last cut the effect was gbp became stronger.
This time i wouldn't bet the same
  • #103,907
  • Dec 3, 2008 7:54pm Dec 3, 2008 7:54pm
Quoting gagakrimba
The last cut the effect was gbp became stronger.
This time i wouldn't bet the same

I would
  • #103,908
  • Dec 3, 2008 7:55pm Dec 3, 2008 7:55pm
Quoting golatigo
I would be careful with any shorts until rate decision time and even then
it may be prudent to wait 15 minutes or so to see the reaction. My guess
would be that you will see a slight upwards movement to maybe the 4900ish
area prior to 4:00am pst (rate change time). There may be some potential for
some small short scalps on the way up. I see it coming back down - after rate decision -
to 4750.. 4800 area. I feel we have seen bottom or close to it for the month already

Just my opinion / not a forcast!!!!!
We are not going to see 1.45xx then.
I tot it is going to 1.2xxx so as to be on par with eur
  • #103,909
  • Dec 3, 2008 7:59pm Dec 3, 2008 7:59pm
As usual she is holding well in the asian session.
Comes eur/us session she'll tumble like shit
  • #103,910
  • Dec 3, 2008 8:17pm Dec 3, 2008 8:17pm
Quoting gagakrimba
As usual she is holding well in the asian session.
Comes eur/us session she'll tumble like shit

I love the way you've put that. I'm just looking for the best entry point - i'm putting in a pending order.
"The trend is your friend, until the end."
  • #103,911
  • Dec 3, 2008 8:27pm Dec 3, 2008 8:27pm
Quoting AmeriTrini
what pair do you trade during the Asian session?
Jamaican Dollar/Usd
Patience + Discipline - Greed = Success
  • #103,912
  • Dec 3, 2008 8:28pm Dec 3, 2008 8:28pm
Quoting gagakrimba
We are not going to see 1.45xx then.
I tot it is going to 1.2xxx so as to be on par with eur
So you think it is going to drop two thousand pips and eu/us will hang out
and wait? Got any more of what you are smoking? Cause I want some too!
  • #103,913
  • Dec 3, 2008 8:28pm Dec 3, 2008 8:28pm
Quoting Infinity
Jamaican Dollar/Usd
wow, whats the range of that pair?? lots of movement?
  • #103,914
  • Dec 3, 2008 8:39pm Dec 3, 2008 8:39pm
Quoting golatigo
I would be careful with any shorts until rate decision time and even then
it may be prudent to wait 15 minutes or so to see the reaction. My guess
would be that you will see a slight upwards movement to maybe the 4900ish
area prior to 4:00am pst (rate change time). There may be some potential for
some small short scalps on the way up. I see it coming back down - after rate decision -
to 4750.. 4800 area. I feel we have seen bottom or close to it for the month already

Just my opinion / not a forcast!!!!!
thanks, i closed my short, breakeven
  • #103,915
  • Dec 3, 2008 8:54pm Dec 3, 2008 8:54pm
Quoting AmeriTrini
wow, whats the range of that pair?? lots of movement?
I was kidding but yeah... it's definitely on the move.. moved from 72.00 to 80.11 in two months..

Anyway... this tl has held since yesterday... it is being threatened now though..
Attached Image
Patience + Discipline - Greed = Success
  • #103,916
  • Dec 3, 2008 9:00pm Dec 3, 2008 9:00pm
Quoting Infinity
I was kidding but yeah... it's definitely on the move.. moved from 72.00 to 80.11 in two months..

Anyway... this tl has held since yesterday... it is being threatened now though..
Hey Infinity! Thanks for the chart. If this pair heads north we have a PPZ at around 1.4823 to contend with. Just my two cents. Take care!

KISSFan
  • #103,917
  • Dec 3, 2008 9:06pm Dec 3, 2008 9:06pm
Quoting KissFan
Hey Infinity! Thanks for the chart. If this pair heads north we have a PPZ at around 1.4823 to contend with. Just my two cents. Take care!

KISSFan
Hey Bro,

Good to see you posting here!
Patience + Discipline - Greed = Success
  • #103,918
  • Dec 3, 2008 9:41pm Dec 3, 2008 9:41pm
Quoting Infinity
I was kidding but yeah... it's definitely on the move.. moved from 72.00 to 80.11 in two months..

Anyway... this tl has held since yesterday... it is being threatened now though..

The fricking TT$/US$ have been around 6.30-50 for about 15yrs
  • #103,919
  • Dec 3, 2008 10:34pm Dec 3, 2008 10:34pm
Hey all, I'm back from the dead. It's 12pm here. I know it's late folks. But who cares.

I've been shorting from this price=1.4770 with SL around yesterdays 61.8. So steelhead, what do you reckon?? Is it my entry ok?? What you think??
  • #103,920
  • Dec 3, 2008 10:39pm Dec 3, 2008 10:39pm
Quoting moewenger
Hey all, I'm back from the dead. It's 12pm here. I know it's late folks. But who cares.

I've been shorting from this price=1.4770 with SL around yesterdays 61.8. So steelhead, what do you reckon?? Is it my entry ok?? What you think??
You short at 4770 while i long at 4770
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