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Cable Update (GBPUSD)

  • #103,921
  • Dec 3, 2008 10:42pm Dec 3, 2008 10:42pm
Quoting gagakrimba
You short at 4770 while i long at 4770
what's ur reason for long? it's below pivot?

p.s:- hit my be +1 so far.
  • #103,922
  • Dec 3, 2008 10:47pm Dec 3, 2008 10:47pm
Quoting moewenger
what's ur reason for long? it's below pivot?

p.s:- hit my be +1 so far.
I was joking lol.
I'll be damned to enter long before the euro session
  • #103,923
  • Dec 3, 2008 10:48pm Dec 3, 2008 10:48pm
Quoting gagakrimba
You short at 4770 while i long at 4770
what say you?? i'm short again after confirmation from GJ. I dont know. But this time my price is a bit lower. 1.4742 damn.
  • #103,924
  • Dec 3, 2008 10:51pm Dec 3, 2008 10:51pm
Quoting gagakrimba
I was joking lol.
I'll be damned to enter long before the euro session
i knew it....
  • #103,925
  • Dec 3, 2008 10:53pm Dec 3, 2008 10:53pm
Quoting moewenger
what say you?? i'm short again after confirmation from GJ. I dont know. But this time my price is a bit lower. 1.4742 damn.
I'm on the sideline now till the euro session.
The price has come down so your entry is a good one then
  • #103,926
  • Dec 3, 2008 10:55pm Dec 3, 2008 10:55pm
Quoting moewenger
what say you?? i'm short again after confirmation from GJ. I dont know. But this time my price is a bit lower. 1.4742 damn.
anyway, I'm saved BE already incase 1.4720 holds strong.
  • #103,927
  • Dec 3, 2008 10:59pm Dec 3, 2008 10:59pm
Quoting gagakrimba
I was joking lol.
I'll be damned to enter long before the euro session
please i ma looking for a good short entry do u think it will still go back up to like 1.47xx
  • #103,928
  • Dec 3, 2008 11:00pm Dec 3, 2008 11:00pm
Quoting moewenger
anyway, I'm saved BE already incase 1.4720 holds strong.
Good for you.
Both your entry in the + area
  • #103,929
  • Dec 3, 2008 11:03pm Dec 3, 2008 11:03pm
Quoting determined
please i ma looking for a good short entry do u think it will still go back up to like 1.47xx
maybe, that's why i'm saved at BE. but it doesnt look at going up at the moment. it's going to test low and let see...
  • #103,930
  • Dec 3, 2008 11:05pm Dec 3, 2008 11:05pm
Quoting moewenger
anyway, I'm saved BE already incase 1.4720 holds strong.
Nice entry bro!!!Missed the train.....Will wait for another opportunity....
  • #103,931
  • Dec 3, 2008 11:09pm Dec 3, 2008 11:09pm
There is support at 4690 but i think it'll go thro it without much difficulty
  • #103,932
  • Dec 3, 2008 11:09pm Dec 3, 2008 11:09pm
Quoting wakli
Nice entry bro!!!Missed the train.....Will wait for another opportunity....
yes, better wait. in case LOW holds strong. I hope navin wont get caught with LOW again today.
  • #103,933
  • Dec 3, 2008 11:10pm Dec 3, 2008 11:10pm
Please excuse my ignorance but when the BOE releases there rate cut to 2% are we going to see new low for the GBPUSD??

Cheers
  • #103,934
  • Dec 3, 2008 11:12pm Dec 3, 2008 11:12pm
Quoting gagakrimba
There is support at 4690 but i think it'll go thro it without much difficulty
GJ sliced thru the first support while EG fly a bit. Let see if it will test LOW now.
  • #103,935
  • Dec 3, 2008 11:16pm Dec 3, 2008 11:16pm
Quoting macockiner2
Please excuse my ignorance but when the BOE releases there rate cut to 2% are we going to see new low for the GBPUSD??

Cheers
might be. if current situation i.e testing yesterday's LOW last until then.
  • #103,936
  • Dec 3, 2008 11:18pm Dec 3, 2008 11:18pm
Quoting macockiner2
Please excuse my ignorance but when the BOE releases there rate cut to 2% are we going to see new low for the GBPUSD??

Cheers
It's anybody guesss.
The last cut gbp became stronger
  • #103,937
  • Dec 3, 2008 11:20pm Dec 3, 2008 11:20pm
hit my BE and I'll be looking to short higher. hopes it goes until just before pivot.
  • #103,938
  • Dec 3, 2008 11:24pm Dec 3, 2008 11:24pm
Quoting malcolmb14
my question is why try to even trade GU in Asia ? typically it really only makes its moves in London and US session.

I see this as being a bear flag , with a breakdown of the flag hitting 1.4500 tonight in London session

Attachment

moe this is for you

the flag breakdown is going on right now

I would have expected this price action around London but anytime is good with me

i was short gj since 138 and hoping for 134 tonight
Blogging daily now at www.volume.zone
  • #103,939
  • Dec 3, 2008 11:26pm Dec 3, 2008 11:26pm
Quoting moewenger
hit my BE and I'll be looking to short higher. hopes it goes until just before pivot.
Already hit ?
I tot you enter short at 4770
  • #103,940
  • Dec 3, 2008 11:27pm Dec 3, 2008 11:27pm
Quoting macockiner2
Please excuse my ignorance but when the BOE releases there rate cut to 2% are we going to see new low for the GBPUSD??

Cheers

The rate cut of 100 bps is built into the market . If we only get that expect a push down right after news to lock bears in ..... most are thinking the rate cut is bad for GBP but it is built in . then expect a huge rally..... 400 - 600 pips over the following hrs

I think we may see another up day on the dj tomorrow , they were doing everything they could to hold it up today and we did not end on a no demand bar on the daily 9 up day on lower volume than the previous 2 days) , so the USD may be weaker tomorrow

If we get 150 bps cut that is a different story .... short the hell out of it.
Blogging daily now at www.volume.zone
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