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Cable Update (GBPUSD)

  • #110,101
  • Jan 8, 2009 6:11am Jan 8, 2009 6:11am
1.5197 strong fibo here but i don't know if someone cares lol
  • #110,102
  • Jan 8, 2009 6:11am Jan 8, 2009 6:11am
Quoting Eclipse
it seems like the market expected a heavier cut...
the rate cut had already been priced into. so good bye to shorts 1.5500 here wecome
  • #110,103
  • Jan 8, 2009 6:12am Jan 8, 2009 6:12am
Quoting Komissar
Initial rally?? It's rocketing to the Moon! Any expectations for landing soon?
Keep it in perspective. The move so far is not extreme compared with the huge intra-day moves we are seeing on a regular basis.
  • #110,104
  • Jan 8, 2009 6:12am Jan 8, 2009 6:12am
Long in Gbp/Usd, from 1.5110s, in the short portfolio

Still holding long Gbp/Usd in long term from 1.4720s
  • #110,105
  • Jan 8, 2009 6:14am Jan 8, 2009 6:14am
Time to go short...lol
After the news market goes where it wants to go.
  • #110,106
  • Jan 8, 2009 6:14am Jan 8, 2009 6:14am
Quoting Subdude
This reminds me why I hate this pair so much - its move defy explanation.
Not today, the initial move has been fairly textbook - rate cut less than expected, so currency appreciates
  • #110,107
  • Jan 8, 2009 6:14am Jan 8, 2009 6:14am
Quoting Subdude
This reminds me why I hate this pair so much - its move defy explanation.
Markets priced in the 1.5 target.

We saw it with the sell off the gbpjpy and the pair going under the 1.5 briefly
  • #110,108
  • Jan 8, 2009 6:15am Jan 8, 2009 6:15am
we should start seing some selling chances coming up soon

Attached Image (click to enlarge)
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  • #110,109
  • Jan 8, 2009 6:17am Jan 8, 2009 6:17am
Quoting Eclipse
1.5197 strong fibo here but i don't know if someone cares lol
come on, let's take it out now. go on cable!
  • #110,110
  • Jan 8, 2009 6:18am Jan 8, 2009 6:18am
She get all my stop
  • #110,111
  • Jan 8, 2009 6:18am Jan 8, 2009 6:18am
I think it will lose steam soon.
  • #110,112
  • Jan 8, 2009 6:20am Jan 8, 2009 6:20am
  • #110,113
  • Jan 8, 2009 6:23am Jan 8, 2009 6:23am
If the rates were cut by .50 bps why did the GBP go up?...
  • #110,114
  • Jan 8, 2009 6:23am Jan 8, 2009 6:23am
Sorry for your loss Gaga.


Quoting Atondra
She get all my stop
Ride the Bulls bearback!
  • #110,115
  • Jan 8, 2009 6:23am Jan 8, 2009 6:23am
Here we are coming 1.5288 and will be breaking more up to 1.5429, don't forget the incoming bad news for US.
what a nice long from 1.5000
Attached Image (click to enlarge)
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  • #110,116
  • Jan 8, 2009 6:25am Jan 8, 2009 6:25am
as i mentioned yesterday this is probably a shakeout or weak shorts. got my limit sell at 1.5310 dont xpect it to go much higher. if it does ill add some more
  • #110,117
  • Jan 8, 2009 6:25am Jan 8, 2009 6:25am
She is really determine to go to 1.5300.
I wont be surprise if she goes higher.
  • #110,118
  • Jan 8, 2009 6:25am Jan 8, 2009 6:25am
we may see it range from now till 5500...and then drop...

that is the question...if it goes over 5300...look out for a long rise...
  • #110,119
  • Jan 8, 2009 6:26am Jan 8, 2009 6:26am
Quoting alcando
Sorry for your loss Gaga.
you also recognized him? I knew it. confess gaga we will forgive you!
  • #110,120
  • Jan 8, 2009 6:26am Jan 8, 2009 6:26am
Thanks mate. I love these big news days if your trigger is quick. Nice quick pippage.

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.
Ride the Bulls bearback!
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