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Cable Update (GBPUSD)

  • #110,121
  • Jan 8, 2009 6:27am Jan 8, 2009 6:27am
Quoting Shermenator
we should start seing some selling chances coming up soon

Attachment
Thinking along the same lines but move seems a bit too firm
  • #110,122
  • Jan 8, 2009 6:29am Jan 8, 2009 6:29am
I am looking for the flag long beyond that level possibly. A 0.5% cut is less than expected and implies that the BOE may be hesitnant to cut rates further next month. ie Stronger Pound. A guess but I like it.

Quoting lexazver
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
Ride the Bulls bearback!
  • #110,123
  • Jan 8, 2009 6:31am Jan 8, 2009 6:31am
FTSE already back to -45, like it was before rate cut. I think it will go down, because big guys want to take their profits.
  • #110,124
  • Jan 8, 2009 6:32am Jan 8, 2009 6:32am
Quoting alcando
Thanks mate. I love these big news days if your trigger is quick. Nice quick pippage.
Not that great today.Just rode it for 20-30 pips a couple of times.Flat right now.
  • #110,125
  • Jan 8, 2009 6:32am Jan 8, 2009 6:32am
Quoting ANALEX
If the rates were cut by .50 bps why did the GBP go up?...
this has been the new pattern with pairs and news data. the market tends to have priced in before actual release of news.
  • #110,126
  • Jan 8, 2009 6:34am Jan 8, 2009 6:34am
Short @ 1.5265 with tight SL.
I think she has lost her momentum upwards...hopefully.
  • #110,127
  • Jan 8, 2009 6:34am Jan 8, 2009 6:34am
Quoting trader2160
Thinking along the same lines but move seems a bit too firm
this would be couter trend here so I would go a bitt lighter
  • #110,128
  • Jan 8, 2009 6:36am Jan 8, 2009 6:36am
Quoting kayfyre
this has been the new pattern with pairs and news data. the market tends to have priced in before actual release of news.

the market is a perfect machine..it knows values way before anyone else knows true values...

so...all we can do is trade the trade
  • #110,129
  • Jan 8, 2009 6:37am Jan 8, 2009 6:37am
Quoting kayfyre
this has been the new pattern with pairs and news data. the market tends to have priced in before actual release of news.
...thanks, this is helpful...
  • #110,130
  • Jan 8, 2009 6:38am Jan 8, 2009 6:38am
Good Morning!

I tried to tell you, but my words fell on deaf ears. This is good to 1.8. Buy the dips, don't short an uptrend. The UK is not in such dire straits as the USA or Europe. The Euro is the better short. The GBP has come a long way down in a few months. This will probably be the last cut for some time.
  • #110,131
  • Jan 8, 2009 6:38am Jan 8, 2009 6:38am
News Release
Bank of England Reduces Bank Rate by 0.5 Percentage Points to 1.5%
http://www.bankofengland.co.uk/publi...s/2009/001.htm
  • #110,132
  • Jan 8, 2009 6:38am Jan 8, 2009 6:38am
Quoting JammerJams
the market is a perfect machine..it knows values way before anyone else knows true values...

so...all we can do is trade the trade
right on
  • #110,133
  • Jan 8, 2009 6:38am Jan 8, 2009 6:38am
Quoting Abuawad
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
Where were you today buddy.I wouldve held on to my longs
  • #110,134
  • Jan 8, 2009 6:39am Jan 8, 2009 6:39am
Quoting penycae
Good Morning!

I tried to tell you, but my words fell on deaf ears. This is good to 1.8. Buy the dips, don't short an uptrend. The UK is not in such dire straits as the USA or Europe. The Euro is the better short. The GBP has come a long way down in a few months. This will probably be the last cut for some time.
But you've been calling for long positions on Cable since the massive fall at the end of the summer. You have to be right, eventually!
  • #110,135
  • Jan 8, 2009 6:41am Jan 8, 2009 6:41am
Quoting trader2160
Where were you today buddy.I wouldve held on to my longs
Don't tell me you are following me, and i was here but watching the TV..
there are a WAR can be start here in Meddle East.
  • #110,136
  • Jan 8, 2009 6:42am Jan 8, 2009 6:42am
Quoting Abuawad
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
Wow 1.5288 hit
  • #110,137
  • Jan 8, 2009 6:44am Jan 8, 2009 6:44am
Quoting Abuawad
Don't tell me you are following me, and i was here but watching the TV..
there are a WAR can be start here in Meddle East.
Yeah saw the report about the rockets.Things are pretty tense.
  • #110,138
  • Jan 8, 2009 6:45am Jan 8, 2009 6:45am
Will 1.54 ?
Give me patience
  • #110,139
  • Jan 8, 2009 6:46am Jan 8, 2009 6:46am
Quoting Abuawad
Wow 1.5288 hit
yes but will it break?
  • #110,140
  • Jan 8, 2009 6:46am Jan 8, 2009 6:46am
Quoting alcando
I am looking for the flag long beyond that level possibly. A 0.5% cut is less than expected and implies that the BOE may be hesitnant to cut rates further next month. ie Stronger Pound. A guess but I like it.

you want to buy after 300 pip rally? big daddy trend is still down sell the rallies
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