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Cable Update (GBPUSD)

  • #104,161
  • Dec 4, 2008 6:19am Dec 4, 2008 6:19am
Quoting PipLand
wow that would have been spot on, unlucky
do you know somthing...its the 15 time i lost the train for less than 5 pips!!! maybe i must go to wizard
what you get in the wind goes through the storms
  • #104,162
  • Dec 4, 2008 6:19am Dec 4, 2008 6:19am
Quoting gammase1
I think cable could initially rally should the rate cut be either in line or greater than expectations. This was how price action played out after last month's bigger than expected cut, with the markets rewarding the pro-active BOE. Conversely, I think the markets could punish sterling if the cut is less than expected, as this would be viewed as inaction from the MPC.
With expectations between 100-150bp cut the market priced in 125 therefore 150bp would have seen sterling take a further hit. Last months reaction was received positively but that was an exception, and we have seen little economic improvement as a result so normal rules apply today.
  • #104,163
  • Dec 4, 2008 6:20am Dec 4, 2008 6:20am
got in at 59, stop 07 target 97... probably early but lets see what happens...
i am amazed that my order was filled this one time, happily shocked though
When life gives you lemons, make lemonade
  • #104,164
  • Dec 4, 2008 6:21am Dec 4, 2008 6:21am
if this happened for the BOE, i think it will go over 1.47 after the euro cut...just my oppenion
what you get in the wind goes through the storms
  • #104,165
  • Dec 4, 2008 6:23am Dec 4, 2008 6:23am
Quoting i.shawish
if this happened for the BOE, i think it will go over 1.47 after the euro cut...just my oppenion
That is a very valid point need to keep eye on that
  • #104,166
  • Dec 4, 2008 6:25am Dec 4, 2008 6:25am
I hope you get your wish and if you do I will be on the same train.

Quoting steelhead
please go back to 1.4500 or just below I want to buy cable.

Ill put a cherry on top
Ride the Bulls bearback!
  • #104,167
  • Dec 4, 2008 6:25am Dec 4, 2008 6:25am
Quoting LuckyLurker
For those needing the Auto Pivot Indy.

thanks luckylurker for the custom pivot indicator. take care.
~*~You are only one trade away from humility~*~
  • #104,168
  • Dec 4, 2008 6:27am Dec 4, 2008 6:27am
Quoting RedCabbage
With expectations between 100-150bp cut the market priced in 125 therefore 150bp would have seen sterling take a further hit. Last months reaction was received positively but that was an exception, and we have seen little economic improvement as a result so normal rules apply today.
Market was largely expecting 100bps. After the Riksbank's large cut this morning, there was some talk of a larger cut, yes, but this was mainly talk, with short sterling future contracts moving only a few basis points. But the consensus expectation was still for 100bps.

You say normal rules apply, but how do you explain the market's initial reactions to cuts by the RBA and RNBZ? Granted, USDSEK gained after the Riksbank's earlier move. However, of late, markets are initially rewarding what they deem to be pro-active central banks. Similarly, I would have expected cable to be heavily sold off if the MPC only cut by 50bps, as investors viewed them as delaying the inevitable.
  • #104,169
  • Dec 4, 2008 6:28am Dec 4, 2008 6:28am
stop at BE... hope i dont get caught once again geeeeerrrrr
When life gives you lemons, make lemonade
  • #104,170
  • Dec 4, 2008 6:28am Dec 4, 2008 6:28am
Quoting micho
got in at 59, stop 07 target 97... probably early but lets see what happens...
i am amazed that my order was filled this one time, happily shocked though
Gotcha
  • #104,171
  • Dec 4, 2008 6:32am Dec 4, 2008 6:32am
how unlucky would i be if it catch my break even now? lol
When life gives you lemons, make lemonade
  • #104,172
  • Dec 4, 2008 6:35am Dec 4, 2008 6:35am
whats up now??!! is the cut take its effect after half an hour!!!! shit ...now we must focus on long niether than short..
what you get in the wind goes through the storms
  • #104,173
  • Dec 4, 2008 6:35am Dec 4, 2008 6:35am
Quoting micho
stop at BE... hope i dont get caught once again geeeeerrrrr
I am sorry to rub it in.
What was the logic in you entry?
  • #104,174
  • Dec 4, 2008 6:39am Dec 4, 2008 6:39am
Quoting ady27
I am sorry to rub it in.
What was the logic in you entry?
RSI 4H AND DAILY<50, i take the last trend on the hourly chart and short above the 38% stop loss 79%..
When life gives you lemons, make lemonade
  • #104,175
  • Edited 6:58am Dec 4, 2008 6:39am | Edited 6:58am
Quoting gammase1
Market was largely expecting 100bps. After the Riksbank's large cut this morning, there was some talk of a larger cut, yes, but this was mainly talk, with short sterling future contracts moving only a few basis points. But the consensus expectation was still for 100bps.

You say normal rules apply, but how do you explain the market's initial reactions to cuts by the RBA and RNBZ? Granted, USDSEK gained after the Riksbank's earlier move. However, of late, markets are initially rewarding what they deem to be pro-active central banks. Similarly, I...
I agree concensus was for 100bp but I think there were some speculators hoping for more after RiksBank.
I did say normal rules apply today, and I should have added "for the BOE announcement" to be specific. Whether the market rewards or punishes the central banks seems to depend on whether or not they are looking for a lifeline and whether the last one worked.

Although this is posted after the decision this was genuinely my take on the situation beforehand.

Don't worry by tomorrow all this won't apply.
  • #104,176
  • Dec 4, 2008 6:39am Dec 4, 2008 6:39am
Quoting PipLand
what gives you that idea im back on it
i told ya 1 hr almost making shooting star
  • #104,177
  • Dec 4, 2008 6:40am Dec 4, 2008 6:40am
but usually i dont get filled so fast... this time i got filled and moved to +20 in 1 second lol
maybe the desktop was confused
When life gives you lemons, make lemonade
  • #104,178
  • Dec 4, 2008 6:42am Dec 4, 2008 6:42am
Quoting steelhead
Dont make me roll over laughing. Bulls lost their power lol.

yes somebody took of there horns...
stealhead for what it is worth, thank u bro u said someting to me indirectly as well as EO and it helped me a lot yesterday without u realising..

thanks man! ..it made sense
  • #104,179
  • Dec 4, 2008 6:43am Dec 4, 2008 6:43am
Quoting rfc
i told ya 1 hr almost making shooting star
almost the candle still has 17 mins!!
  • #104,180
  • Dec 4, 2008 6:44am Dec 4, 2008 6:44am
Quoting RedCabbage
Don't worry by tomorrow all this won't apply.
Very true, my friend. That is why I specifically used the word "initial".

Good luck!
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