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Cable Update (GBPUSD)

  • #111,401
  • Jan 14, 2009 4:53am Jan 14, 2009 4:53am
Quoting biax
1.4585
I had a sl at 1.46, but it was hit before it reach 1.46.. It was only just 1.4596..
wish me luck!
  • #111,402
  • Jan 14, 2009 4:56am Jan 14, 2009 4:56am
Quoting gammase1
That will likely shock the market in a big way. However, the consensus is for a 50 bps cut. We shall see.

They should cut by 1%, in my opinion, but the ECB prefers the slow and steady method, electing not to shock the market.
Last time, they forecast 0.50%, but ECB also shock by 0.75%
Give me patience
  • #111,403
  • Jan 14, 2009 4:56am Jan 14, 2009 4:56am
Quoting trader2160
best not to trade when youre tired.At least waking up early was worth it.you must have made some nice pippage
yeah waking up early was def worth it to close my long otherwise i would have be stopped out for +1!!!

Slightly gutted at not shorting at 4700 as I had that on my chart as the bottom of a major trendline and that worked well as resistance.

But i grabbed 40+ pips on a long a little while ago so i really cant complain. off for now, catch you all later and good luck pipping!
  • #111,404
  • Jan 14, 2009 5:03am Jan 14, 2009 5:03am
i hate the chart, no trade a whole day
  • #111,405
  • Jan 14, 2009 5:03am Jan 14, 2009 5:03am
i hate the chart, no trade a whole day

when will the ECB cut rate? i dont see it on FF calendar?
  • #111,406
  • Jan 14, 2009 5:04am Jan 14, 2009 5:04am
I short from now..1.4564 does anyone follow me...???
The Ottelo way's find the mutual system to wins
  • #111,407
  • Jan 14, 2009 5:08am Jan 14, 2009 5:08am
Quoting ottelo
I short from now..1.4564 does anyone follow me...???
I'm short too
  • #111,408
  • Jan 14, 2009 5:08am Jan 14, 2009 5:08am
Quoting Bullfx
Last time, they forecast 0.50%, but ECB also shock by 0.75%
No, 75bps was generally expected last time, particularly in the days leading up to decision, as economic data worsened. You are right that 50bps was talked about as likely for a time.

btw... your over-use of the smiley is quite something
  • #111,409
  • Jan 14, 2009 5:08am Jan 14, 2009 5:08am
Quoting biax
1.4585
I had a sl at 1.46, but it was hit before it reach 1.46.. It was only just 1.4596..
wish me luck!
  • #111,410
  • Jan 14, 2009 5:10am Jan 14, 2009 5:10am
Quoting ottelo
I short from now..1.4564 does anyone follow me...???
i 've shorted when it showed divergence since 1.4520
but not with my gfull strength . ..
i know this time, it's hard to predict

i hate this chart
  • #111,411
  • Jan 14, 2009 5:11am Jan 14, 2009 5:11am
I thought about it... but no price action that I like... it "should" give at least a small down move here... but what do I know.... the entry would be very important as usual,

The 50 ema move has been done.. without a new low.... higher we go.

I hate the chart too.. so I'm flat patience daniel son.

Quoting ottelo
I short from now..1.4564 does anyone follow me...???
DireXiv Make it happen, no one else is going to do it for you...
  • #111,412
  • Jan 14, 2009 5:11am Jan 14, 2009 5:11am
Gammase1
Only meant that as Brits your currency is yours to do as you wish. Not be pushed around by non citizens. National pride and all that.
From my side of the Atlantic, I wish we could fire Bernanke's butt.
His motto is In Debt we Trust. That's the new saying on U.S. coinage.
  • #111,413
  • Jan 14, 2009 5:14am Jan 14, 2009 5:14am
Quoting foto
Gammase1
Only meant that as Brits your currency is yours to do as you wish. Not be pushed around by non citizens. National pride and all that.
From my side of the Atlantic, I wish we could fire Bernanke's butt.
His motto is In Debt we Trust. That's the new saying on U.S. coinage.
My friend, a weaker currency pleases me, as it could help the economy through the worst effects of the downturn.

I don't view a strong currency as a sign of national virility.

p.s. Bernanke's not a very popular man on your side of the pond!
  • #111,414
  • Jan 14, 2009 5:21am Jan 14, 2009 5:21am
i think interest rate cut almost bottom out.if you look at us (0-0.25) uk (1.5) and japan (0.1).i don't think ECB will cut more than 50 bps.
  • #111,415
  • Jan 14, 2009 5:28am Jan 14, 2009 5:28am
Gammase1 have a good one. As usual, another day, another puzzle to solve.
  • #111,416
  • Jan 14, 2009 5:33am Jan 14, 2009 5:33am
Quoting foto
Gammase1 have a good one. As usual, another day, another puzzle to solve.
You too, friend. Cheers...

Waiting for a clean break before making my next move.
  • #111,417
  • Jan 14, 2009 5:36am Jan 14, 2009 5:36am
Quoting ottelo
I short from now..1.4564 does anyone follow me...???
I am short now from 4575... good luck !!
  • #111,418
  • Jan 14, 2009 5:41am Jan 14, 2009 5:41am
Quoting blurrcow
I am short now from 4575... good luck !!
Morning, folks. Having a good time, everybody?
What's your TP? Is it for long or scalp?
  • #111,419
  • Jan 14, 2009 5:44am Jan 14, 2009 5:44am
Quoting PipLand
it took 13 hours to get there and comes down in 1
That there is a very important piece of information, which physically demonstrates the sentiment of the market. Bearish sentiment. In principle, if the price take 5 time periods to go up and just 1 to come down, there is a bearish sentiment towards the currency, and visa versa.
Probability Professor
  • #111,420
  • Jan 14, 2009 5:45am Jan 14, 2009 5:45am
Quoting Komissar
Morning, folks. Having a good time, everybody?
What's your TP? Is it for long or scalp?
60 pips...
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