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Cable Update (GBPUSD)

  • #110,061
  • Jan 8, 2009 5:00am Jan 8, 2009 5:00am
i got a buy waitin at 1.4882, whats everyone elses view?
  • #110,062
  • Jan 8, 2009 5:06am Jan 8, 2009 5:06am
EUR German Factory Orders m/m:

Actual: -6.0%, forecast: -1.8 %, Prev :-6.1%
Give me patience
  • #110,063
  • Jan 8, 2009 5:13am Jan 8, 2009 5:13am
Quoting gammase1
You can be banned for misuse of smileys, so you'd better watch out!
Misuse of smileys ?
You are kidding right ?
  • #110,064
  • Jan 8, 2009 5:16am Jan 8, 2009 5:16am
Quoting Atondra
Misuse of smileys ?
You are kidding right ?
I'm afraid not. There were hundreds of complaints that he overused ""

Be careful bro! I'd hate to see you go the same way...
  • #110,065
  • Jan 8, 2009 5:17am Jan 8, 2009 5:17am
Quoting Bullfx
EUR German Factory Orders m/m:

Actual: -6.0%, forecast: -1.8 %, Prev :-6.1%
So....what is your opinion about this coming GBP IR cut bullfx ?
Down or up ?
  • #110,066
  • Jan 8, 2009 5:24am Jan 8, 2009 5:24am
Quoting fry2010
i got a buy waitin at 1.4882, whats everyone elses view?
Difficult to predict ! I'll short or long at the magenta line below !
Attached Image (click to enlarge)
Click to Enlarge Name: 080109.gif Size: 84 KB
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #110,067
  • Jan 8, 2009 5:27am Jan 8, 2009 5:27am
The best thing to do is to be on the sideline and watch. To go and come back tomorrow.......after the news market goes where it wants to go.
  • #110,068
  • Jan 8, 2009 5:28am Jan 8, 2009 5:28am
Quoting gammase1
I'm afraid not. There were hundreds of complaints that he overused ""

Be careful bro! I'd hate to see you go the same way...
very funny day today
  • #110,069
  • Jan 8, 2009 5:30am Jan 8, 2009 5:30am
Quoting alfamichi
The best thing to do is to be on the sideline and watch. To go and come back tomorrow.......after the news market goes where it wants to go.
You weren't here when the US cut their IRs right?

Hopefully there will be a surprise in store...

http://www.kathylien.com/site/wp-con...9/01/mking.jpg

Go on Merv do your magic...
  • #110,070
  • Jan 8, 2009 5:35am Jan 8, 2009 5:35am
Good morning all

I'm curious on your views of how the rate change or no change will affect the euro?

1.) .25% cut
2.) .5% cut
3.) 1.0% cut
4.) No cut

got any takers..
  • #110,071
  • Jan 8, 2009 5:39am Jan 8, 2009 5:39am
Quoting alcando
Haha. Was he banned? You see, it's that smile thing...

How are you ladies. Welcome back Micho the man!

I am looking at the H1 as a potential H&S forming with a potential return to 14800 today. I have seen suggestions that a rate cut in line with 0.5% expectations may raise the value of the undervalued pound in which case a third flag to 15500 may even be on the cards.

The fibo extensions on yesterdays flag moves were poetic.

I am flat now till the news.

Al
are you sure its not a horny beast reversal.Good to have you back too.Lets hope we can rake it in like we did on FoMcDay.
  • #110,072
  • Jan 8, 2009 5:42am Jan 8, 2009 5:42am
Quoting alfamichi
The best thing to do is to be on the sideline and watch. To go and come back tomorrow.......after the news market goes where it wants to go.
I don't feel safe to be in the trade atm too
Many happy pips returned ...
  • #110,073
  • Jan 8, 2009 5:44am Jan 8, 2009 5:44am
Quoting JammerJams
Good morning all

I'm curious on your views of how the rate change or no change will affect the euro?

1.) .25% cut
2.) .5% cut
3.) 1.0% cut
4.) No cut

got any takers..
i think no cut
  • #110,074
  • Jan 8, 2009 5:45am Jan 8, 2009 5:45am
Quoting trader2160
are you sure its not a horny beast reversal.Good to have you back too.Lets hope we can rake it in like we did on FoMcDay.

I've even heard speculation that since UK's rather passive desire to make the cut..could be as low as .25%

now that will give grounds for a long entry...
  • #110,075
  • Jan 8, 2009 5:45am Jan 8, 2009 5:45am
1% is on the cards apparently
  • #110,076
  • Jan 8, 2009 5:45am Jan 8, 2009 5:45am
Quoting nAVIN2007
i think no cut
Watch out for an explosive move to the upside if that happens.
  • #110,077
  • Jan 8, 2009 5:46am Jan 8, 2009 5:46am
  • #110,078
  • Jan 8, 2009 5:46am Jan 8, 2009 5:46am
Quoting nAVIN2007
i think no cut

I will not be surprised navin

the real surprise is ......if they cut .5 or more
  • #110,079
  • Jan 8, 2009 5:48am Jan 8, 2009 5:48am
Quoting fry2010
1% is on the cards apparently
A 1% cut will drive this baby 300 pips down.
My guess is it will be not more than 0.75%.
  • #110,080
  • Jan 8, 2009 5:48am Jan 8, 2009 5:48am
Quoting JammerJams
I've even heard speculation that since UK's rather passive desire to make the cut..could be as low as .25%

now that will give grounds for a long entry...
Quoting fry2010
1% is on the cards apparently
Quoting nAVIN2007
i think no cut
Quoting Atondra
A 1% cut will drive this baby 300 pips down.
My guess is it will be not more than 0.75%.
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