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Cable Update (GBPUSD)

  • #103,941
  • Dec 3, 2008 11:30pm Dec 3, 2008 11:30pm
Quoting gagakrimba
It's anybody guesss.
The last cut gbp became stronger
That's what I thought, but in theory should it not go down (not that theory has anything to do in these conditions)?

I'm a real "virgin" at this and really appreciate the feedback

Thanks in advance
  • #103,942
  • Dec 3, 2008 11:31pm Dec 3, 2008 11:31pm
Quoting gagakrimba
Already hit ?
I tot you enter short at 4770
that was my first entry. hit BE & i short again lower 1.4742. hit BE also. so far +8. I think I must improved here.
  • #103,943
  • Dec 3, 2008 11:36pm Dec 3, 2008 11:36pm
Quoting macockiner2
That's what I thought, but in theory should it not go down (not that theory has anything to do in these conditions)?

I'm a real "virgin" at this and really appreciate the feedback

Thanks in advance

news is built into the market before it happens.....

look at DJ today and all the bad US news ......

remember one thing as a trader ... news is designed to mess with your trade. That is the only reason for news .. to shake you out of the market
Blogging daily now at www.volume.zone
  • #103,944
  • Dec 3, 2008 11:38pm Dec 3, 2008 11:38pm
Quoting macockiner2
That's what I thought, but in theory should it not go down (not that theory has anything to do in these conditions)?

I'm a real "virgin" at this and really appreciate the feedback

Thanks in advance
The 1% cut is already expected and the price has moved accordingly since last week. It will be a differant story if they decide to cut bigger than 1%.
  • #103,945
  • Dec 3, 2008 11:43pm Dec 3, 2008 11:43pm
Quoting malcolmb14
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...
The 1% cut already make it to 2% and the same as in us. I doubt they'll cut more than 1% to make it less than 2%. Which country has a rate lower than 2%.
  • #103,946
  • Dec 3, 2008 11:45pm Dec 3, 2008 11:45pm
Vourvoul, you live in Cyprus right?? What broker are you using? I'm sick & tired waiting for my withdrawal here.
  • #103,947
  • Dec 3, 2008 11:46pm Dec 3, 2008 11:46pm
Quoting moewenger
Vourvoul, you live in Cyprus right?? What broker are you using? I'm sick & tired waiting for my withdrawal here.
Dukas... they are ok.
  • #103,948
  • Dec 3, 2008 11:46pm Dec 3, 2008 11:46pm
Quoting gagakrimba
The 1% cut already make it to 2% and the same as in us. I doubt they'll cut more than 1% to make it less than 2%. Which country has a rate lower than 2%.
lowest is JAPAN= 0.3%
  • #103,949
  • Dec 3, 2008 11:47pm Dec 3, 2008 11:47pm
Quoting malcolmb14
news is built into the market before it happens.....

look at DJ today and all the bad US news ......

remember one thing as a trader ... news is designed to mess with your trade. That is the only reason for news .. to shake you out of the market
I noticed that some great setups uppear just before the news and it makes me stay away from entries.
  • #103,950
  • Dec 3, 2008 11:52pm Dec 3, 2008 11:52pm
Quoting Vourvoul
Dukas... they are ok.
yes. i heard about them and that's where all the BIG GUYS favourite rite? have you experienced fxpro a.k.a EuroOrient Securities&Financial Services LTD?? It's in your country rite?? What you think of them?

p.s:- BTW can you give the link to dukas here.... appreciate that.
  • #103,951
  • Dec 3, 2008 11:56pm Dec 3, 2008 11:56pm
Quoting moewenger
yes. i heard about them and that's where all the BIG GUYS favourite rite? have you experienced fxpro a.k.a EuroOrient Securities&Financial Services LTD?? It's in your country rite?? What you think of them?

p.s:- BTW can you give the link to dukas here.... appreciate that.
You want me to go to their offices and tell them off?

No i have never used them. Link at PM.
  • #103,952
  • Dec 4, 2008 12:04am Dec 4, 2008 12:04am
Looks like this baby gathering momentum to go north.
I'll enter long if it break thro the pivot
  • #103,953
  • Dec 4, 2008 12:10am Dec 4, 2008 12:10am
Quoting Vourvoul
You want me to go to their offices and tell them off?

No i have never used them. Link at PM.
Thanks there vourvoul. I see now you are very experienced trader. Min in dukas is $50k lol.

If my withdrawal takes a month to clear then I need to go to Cyprus myself. Appreciate your offer there.
  • #103,954
  • Dec 4, 2008 12:12am Dec 4, 2008 12:12am
Quoting gagakrimba
Looks like this baby gathering momentum to go north.
I'll enter long if it break thro the pivot
yeah, me too...
  • #103,955
  • Dec 4, 2008 12:12am Dec 4, 2008 12:12am
Quoting moewenger
Thanks there vourvoul. I see now you are very experienced trader. Min in dukas is $50k lol.

If my withdrawal takes a month to clear then I need to go to Cyprus myself. Appreciate your offer there.
  • #103,956
  • Dec 4, 2008 12:17am Dec 4, 2008 12:17am
Quoting gagakrimba
Looks like this baby gathering momentum to go north.
I'll enter long if it break thro the pivot
Eat your dream, I eat short 30 pips sofar !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #103,957
  • Dec 4, 2008 12:18am Dec 4, 2008 12:18am
Quoting moewenger
yeah, me too...
False alarm.
She is sliding back
  • #103,958
  • Dec 4, 2008 12:18am Dec 4, 2008 12:18am
Quoting manize
Eat your dream, I eat short 30 pips sofar !
that's where I'm at. I have shorts from 4802 and I just added at 4765
Just digging in the trenches like everyone else!
  • #103,959
  • Dec 4, 2008 12:20am Dec 4, 2008 12:20am
Quoting eohater
that's where I'm at. I have shorts from 4802 and I just added at 4765
I am happy because the hard learn about ema and pivot within 3 days give me the result without heart attack now. Thank you bro, for share sofar !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #103,960
  • Dec 4, 2008 12:23am Dec 4, 2008 12:23am
Quoting gagakrimba
False alarm.
She is sliding back
I know you wanna short higher. But I wonder what'll you do now?? hehe...
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