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Cable Update (GBPUSD)

  • #107,021
  • Dec 16, 2008 7:20am Dec 16, 2008 7:20am
Quoting trader2160
Hi all. Anyone considering going short?
No , can't miss this wonderful long chance. No matter how the news is.
Give me patience
  • #107,022
  • Dec 16, 2008 7:26am Dec 16, 2008 7:26am
Quoting PipLand
Goldman shares rally on really bad news
Maybe dollar will rally after fed goes to zero
  • #107,023
  • Dec 16, 2008 7:27am Dec 16, 2008 7:27am
Quoting Bullfx
No , can't miss this wonderful long chance. No matter how the news is.
Have you entered long ?
  • #107,024
  • Dec 16, 2008 7:30am Dec 16, 2008 7:30am
Huge dip in housing starts
  • #107,025
  • Dec 16, 2008 7:32am Dec 16, 2008 7:32am
Quoting trader2160
Maybe dollar will rally after fed goes to zero

  • #107,026
  • Dec 16, 2008 7:37am Dec 16, 2008 7:37am
And markets continue to rise on horrible numbers.
  • #107,027
  • Dec 16, 2008 7:39am Dec 16, 2008 7:39am
Quoting trader2160
And markets continue to rise on horrible numbers.
yeah its mad, these days as long as the news isnt that the world has come to and end then its considered good news
  • #107,028
  • Dec 16, 2008 7:49am Dec 16, 2008 7:49am
Up 500 pips in this puppy and up 380 in usdchf short and made 54 in eurusd today great week

Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.gif Size: 24 KB
  • #107,029
  • Dec 16, 2008 7:54am Dec 16, 2008 7:54am
Quoting PipLand
yeah its mad, these days as long as the news isnt that the world has come to and end then its considered good news
nice
  • #107,030
  • Dec 16, 2008 7:54am Dec 16, 2008 7:54am
Quoting PipLand
yeah its mad, these days as long as the news isnt that the world has come to and end then its considered good news
Youre fired your house is foreclosed but hey look on the bright side at least the world didnt end..Now go invest with madoff and maybe you can buy a senate seat.
  • #107,031
  • Dec 16, 2008 7:55am Dec 16, 2008 7:55am
double top on the 4h and H with possible head and shoulders forming

U.S rate cut today will be perceived as positive for economy and dollar will gain strength

classic set up on the 4h this morning...price broke TL yesterday, came back and touched it this morning and shot up to test the previous high and failed to break

I am short at 5375 with stop above 5400
  • #107,032
  • Dec 16, 2008 7:59am Dec 16, 2008 7:59am
Quoting Shilva
double top on the 4h and H with possible head and shoulders forming

U.S rate cut today will be perceived as positive for economy and dollar will gain strength

classic set up on the 4h this morning...price broke TL yesterday, came back and touched it this morning and shot up to test the previous high and failed to break

I am short at 5375 with stop above 5400
Seriously considering similar move.Not going in just yet though.
  • #107,033
  • Dec 16, 2008 8:02am Dec 16, 2008 8:02am
Quoting trader2160
Youre fired your house is foreclosed but hey look on the bright side at least the world didnt end..Now go invest with madoff and maybe you can buy a senate seat.
  • #107,034
  • Dec 16, 2008 8:03am Dec 16, 2008 8:03am
Quoting Shilva
double top on the 4h and H with possible head and shoulders forming

U.S rate cut today will be perceived as positive for economy and dollar will gain strength

classic set up on the 4h this morning...price broke TL yesterday, came back and touched it this morning and shot up to test the previous high and failed to break

I am short at 5375 with stop above 5400
its possible and def something to watch out for, for now i still think we can break the top
  • #107,035
  • Dec 16, 2008 8:05am Dec 16, 2008 8:05am
im out LOL
  • #107,036
  • Dec 16, 2008 8:10am Dec 16, 2008 8:10am
Quoting PipLand
im out LOL
good choice...I expect..the wild swing for the side way before ben make a statemnt...in 4-5 hrs time...

Sonic
  • #107,037
  • Dec 16, 2008 8:12am Dec 16, 2008 8:12am
Quoting Shilva
double top on the 4h and H with possible head and shoulders forming

U.S rate cut today will be perceived as positive for economy and dollar will gain strength

classic set up on the 4h this morning...price broke TL yesterday, came back and touched it this morning and shot up to test the previous high and failed to break

I am short at 5375 with stop above 5400
Man.That was some timely advice couldve been at least a nice quick 50 pip scalp.
  • #107,038
  • Dec 16, 2008 8:13am Dec 16, 2008 8:13am
Quoting sonicdeejay
good choice...I expect..the wild swing for the side way before ben make a statemnt...in 4-5 hrs time...

Sonic
yeah luckily i grabbed it near the top as euro/usd tanked before cable, i had quite a bit on the table so didnt want to leave it behind .

I'll wait for now
  • #107,039
  • Dec 16, 2008 8:13am Dec 16, 2008 8:13am
Quoting Shilva
double top on the 4h and H with possible head and shoulders forming

U.S rate cut today will be perceived as positive for economy and dollar will gain strength

classic set up on the 4h this morning...price broke TL yesterday, came back and touched it this morning and shot up to test the previous high and failed to break

I am short at 5375 with stop above 5400
Great call Shilva!
  • #107,040
  • Dec 16, 2008 8:15am Dec 16, 2008 8:15am
Quoting Vourvoul
Well, you are just biased as sterling is your country's currency...

Who knows what will happen by then... we are here to speculate what happens at a very short period. Any longer than a day (maybe a week) is just guessing!

One can hope though that we will see some tanking with some very clear signals given beforehand!

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