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Cable Update (GBPUSD)

  • #110,001
  • Jan 8, 2009 1:35am Jan 8, 2009 1:35am
Just wanna ask something, do yall think this pair is gonna keep ranging until after rate announcement or london open
  • #110,002
  • Jan 8, 2009 1:53am Jan 8, 2009 1:53am
Quoting Subdude
The party ends today. See you @ 1.4500
why so sure 1.45? can you explain?
  • #110,003
  • Jan 8, 2009 1:56am Jan 8, 2009 1:56am
Quoting vorschlag
why so sure 1.45? can you explain?
Not saying we'll get there today necessarily (although anything is possible), but draw the daily chart - the lower trendline crosses 1.4500 within days.
  • #110,004
  • Jan 8, 2009 1:56am Jan 8, 2009 1:56am
Quoting Subdude
You can always submit a market order and see what happens after that.
it's my style. I am a gambler. fold or raise depending on the circumstancies.
  • #110,005
  • Jan 8, 2009 1:57am Jan 8, 2009 1:57am
I think this is more of a case of markets pricing in the rate decision, you can see that institutional traders are in market,

What this means is that the market is more likely not to go down unless the news is just a total shocker.

it seems that GBPJPY is selling more than usd.

Still a long bias to me.
  • #110,006
  • Jan 8, 2009 1:59am Jan 8, 2009 1:59am
Quoting Subdude
Not saying we'll get there today necessarily (although anything is possible), but draw the daily chart - the lower trendline crosses 1.4500 within days.
Actually, make that 1.4250 - 1.45 is too generous.
  • #110,007
  • Jan 8, 2009 2:00am Jan 8, 2009 2:00am
Quoting bosoko
I think this is more of a case of markets pricing in the rate decision, you can see that institutional traders are in market,

What this means is that the market is more likely not to go down unless the news is just a total shocker.

it seems that GBPJPY is selling more than usd.

Still a long bias to me.

YOUR WISH BUDDY
HAH HAH AHA HAHA
  • #110,008
  • Jan 8, 2009 2:00am Jan 8, 2009 2:00am
Quoting vorschlag
it's my style. I am a gambler. fold or raise depending on the circumstancies.
I was being sarcastic - I hope you were as well, for your own sake.
  • #110,009
  • Jan 8, 2009 2:02am Jan 8, 2009 2:02am
Quoting Subdude
Actually, make that 1.4250 - 1.45 is too generous.
lets hope so
  • #110,010
  • Jan 8, 2009 2:03am Jan 8, 2009 2:03am
Quoting dashboard
YOUR WISH BUDDY
HAH HAH AHA HAHA
doesn't really matter as i'm on the sideline, will see what happens after rate cut, if it is cut to 1.5 as forecasted I see a continuation of the uptrend.

If it is more, a spike downwards will be, so i'm on pause until rate decision.
  • #110,011
  • Jan 8, 2009 2:07am Jan 8, 2009 2:07am
i hope the as candles before rate cut are bullisgh
  • #110,012
  • Jan 8, 2009 2:09am Jan 8, 2009 2:09am
Quoting vorschlag
agree. and on the 4h it needs to reach the previous high to fall. stop loss 1.5020
Gotcha
  • #110,013
  • Jan 8, 2009 2:15am Jan 8, 2009 2:15am
Quoting uut
i hope the as candles before rate cut are bullisgh
Everyone is squaring of GBP prior to the IR cut announcement. There wont be much impact when it is annouced unless the cut is more than 0.5%
  • #110,014
  • Jan 8, 2009 2:18am Jan 8, 2009 2:18am
Quoting bosoko
doesn't really matter as i'm on the sideline, will see what happens after rate cut, if it is cut to 1.5 as forecasted I see a continuation of the uptrend.

If it is more, a spike downwards will be, so i'm on pause until rate decision.
I TOTALLY AGREE WITH U BRO...
but it should more than 0,5
  • #110,015
  • Jan 8, 2009 2:54am Jan 8, 2009 2:54am
Quoting Atondra
Gotcha
want to make fun on others losses? I think noone can avoid them, perhaps except you.
  • #110,016
  • Edited 3:06am Jan 8, 2009 3:05am | Edited 3:06am
Quoting Atondra
Everyone is squaring of GBP prior to the IR cut announcement. There wont be much impact when it is annouced unless the cut is more than 0.5%
so that means if the rate is 1.5% then GU will still bullish?
i thought every cut rate will make this pair bearish. . .

i ve been tradingg since 9 months ago . . .
  • #110,017
  • Edited 3:30am Jan 8, 2009 3:11am | Edited 3:30am
I will wait for the cut
Give me patience
  • #110,018
  • Jan 8, 2009 3:13am Jan 8, 2009 3:13am
Bad start to the day for me...

That 1H Bearish engulfing candle has cost me...
  • #110,019
  • Jan 8, 2009 3:14am Jan 8, 2009 3:14am
Quoting Bullfx
There is no reason to buy before interest rate cut, I will go Short and wait for the cut

But for some reason there is a reason for going short before rate cut lol.

Something doesnt seem right
  • #110,020
  • Jan 8, 2009 3:15am Jan 8, 2009 3:15am
Quoting Vourvoul
Bad start to the day for me...

That 1H Bearish engulfing candle has cost me...
me too - you are not alone
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