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Cable Update (GBPUSD)

  • #109,981
  • Jan 7, 2009 9:54pm Jan 7, 2009 9:54pm
went long at 5040...lets see what happens
  • #109,982
  • Jan 7, 2009 9:55pm Jan 7, 2009 9:55pm
just scalping at the moment till we get a direction.
Keep It Simple Stupid
  • #109,983
  • Jan 7, 2009 10:02pm Jan 7, 2009 10:02pm
cable will trade lower during asian and early european session before go up.
  • #109,984
  • Jan 7, 2009 10:18pm Jan 7, 2009 10:18pm
- Bank of England May Cut Rate to Record Low, Approaching Limits of Policy The Bank of England will probably cut the benchmark interest rate to the lowest ever today as officials move closer to the limits of conventional monetary policy to fight the recession.

- World Stocks slump
- You could buy to make price higher so that others can sell
Give me patience
  • #109,985
  • Jan 7, 2009 10:31pm Jan 7, 2009 10:31pm
Quoting Alastair
just scalping at the moment till we get a direction.
Hi all.hey buddy scalped some good pips?shouldve left a short open last night.
  • #109,986
  • Jan 7, 2009 10:32pm Jan 7, 2009 10:32pm
Quoting Bullfx
- Bank of England May Cut Rate to Record Low, Approaching Limits of Policy The Bank of England will probably cut the benchmark interest rate to the lowest ever today as officials move closer to the limits of conventional monetary policy to fight the recession.

- World Stocks slump
- You could buy to make price higher so that others can sell
I think it will be 0.75 to 1.00 cut
  • #109,987
  • Jan 7, 2009 10:37pm Jan 7, 2009 10:37pm
Quoting Atondra
I think it will be 0.75 to 1.00 cut
Uh Oh.... Buyers are back !
  • #109,988
  • Jan 7, 2009 10:41pm Jan 7, 2009 10:41pm
Yesterday, oil was down 600 pips, so USD would be stronger.
Give me patience
  • #109,989
  • Jan 7, 2009 10:45pm Jan 7, 2009 10:45pm
Quoting Bullfx
Yesterday, oil was down 600 pips, so USD would be stronger.
The Crude Oil Inventories was surprisingly good, so the oil weakened.
But currently there's a chance of another front in the middle east: rockets have been fired from Lebanon to Israel. This could send oil prices back up.
  • #109,990
  • Jan 7, 2009 11:01pm Jan 7, 2009 11:01pm
Quoting blurrcow
burn baby burn !!
Too much like yesterday... I am going LOOONNNG now...
  • #109,991
  • Jan 7, 2009 11:06pm Jan 7, 2009 11:06pm
still holding , my target is 1.52
  • #109,992
  • Jan 7, 2009 11:14pm Jan 7, 2009 11:14pm
Quoting blurrcow
Too much like yesterday... I am going LOOONNNG now...
agree. and on the 4h it needs to reach the previous high to fall. stop loss 1.5020
  • #109,993
  • Jan 7, 2009 11:19pm Jan 7, 2009 11:19pm
Why long? is it impossible to go down? It may cut rates more than expected!it is too early to enter any position. It will be just speculations.
  • #109,994
  • Jan 7, 2009 11:20pm Jan 7, 2009 11:20pm
Quoting blurrcow
Too much like yesterday... I am going LOOONNNG now...
not as aggressively as yesterday (so far)
  • #109,995
  • Jan 7, 2009 11:22pm Jan 7, 2009 11:22pm
Quoting dyaon144
Why long? is it impossible to go down? It may cut rates more than expected!it is too early to enter any position. It will be just speculations.
when they cut it may go down. we'll close all positions before the announcement.
  • #109,996
  • Jan 7, 2009 11:24pm Jan 7, 2009 11:24pm
Quoting vorschlag
agree. and on the 4h it needs to reach the previous high to fall. stop loss 1.5020
could we see 1.54x today?
  • #109,997
  • Jan 7, 2009 11:25pm Jan 7, 2009 11:25pm
Quoting blurrcow
Too much like yesterday... I am going LOOONNNG now...
The party ends today. See you @ 1.4500
  • #109,998
  • Jan 7, 2009 11:27pm Jan 7, 2009 11:27pm
Quoting blurrcow
could we see 1.54x today?
i dont know
  • #109,999
  • Jan 7, 2009 11:29pm Jan 7, 2009 11:29pm
Quoting Subdude
The party ends today. See you @ 1.4500
it would be nice. such a good daily range. I hope we'll short it just in time.
  • #110,000
  • Jan 7, 2009 11:31pm Jan 7, 2009 11:31pm
Quoting vorschlag
it would be nice. such a good daily range. I hope we'll short it just in time.
You can always submit a market order and see what happens after that.
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