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Cable Update (GBPUSD)

  • #119,741
  • Feb 11, 2009 4:59am Feb 11, 2009 4:59am
Quoting juanchoc
Gov King speech is really bearish for the pound, today the pound closes at/below 1.43.

Can you hear the speach?
  • #119,742
  • Feb 11, 2009 4:59am Feb 11, 2009 4:59am
Quoting svirgo
Can you hear the speach?
http://www.bloomberg.com/avp/avp.htm?clipSRC=LiveBTV#

click on the UK version for MR King
  • #119,743
  • Feb 11, 2009 5:01am Feb 11, 2009 5:01am
Quoting juanchoc
Gov King speech is really bearish for the pound, today the pound closes at/below 1.43.
What a noob. Why can't he make it sound rosier.
Probability Professor
  • #119,744
  • Feb 11, 2009 5:02am Feb 11, 2009 5:02am
Cable behaving like a third world currency again.
  • #119,745
  • Feb 11, 2009 5:07am Feb 11, 2009 5:07am
Quoting pepper
Cable behaving like a third world currency again.
  • #119,746
  • Feb 11, 2009 5:16am Feb 11, 2009 5:16am
Quoting Abuawad
nice touch 1st target abuawad...so it will continues ??
The Ottelo way's find the mutual system to wins
  • #119,747
  • Feb 11, 2009 5:20am Feb 11, 2009 5:20am
Quoting svirgo
Can you hear the speach?
You can watch the speach and read the inflation report here:

Inflation Report
  • #119,748
  • Feb 11, 2009 5:25am Feb 11, 2009 5:25am
Quoting Galation
What a noob. Why can't he make it sound rosier.
Noob? You dont consider the speech to be quite bearish?
  • #119,749
  • Feb 11, 2009 5:28am Feb 11, 2009 5:28am
Quoting juanchoc
Noob? You dont consider the speech to be quite bearish?
He was referring to King as the noob.

I was watching it on the tv, and his first words were something along the lines of, 'We are in the worst recession in recent memory', and bang, GBP gets sold off. This was in contrast to his last speech where he didn't mention recession once.
  • #119,750
  • Feb 11, 2009 5:31am Feb 11, 2009 5:31am
Looking at the Bigger Picture... with a another 100 odd pips to go and the Dailies opening below 1.4263, could this be the continuation of a good move South, started yesterday?
Attached Image
  • #119,751
  • Feb 11, 2009 5:31am Feb 11, 2009 5:31am
Superior weekly support level from December at 4340, if 4400 does not hold we could head back up.

J
Disclaimer: Take all trades at your own risk. Trade Demo account only.
  • #119,752
  • Feb 11, 2009 5:32am Feb 11, 2009 5:32am
Moment of truth
Disclaimer: Take all trades at your own risk. Trade Demo account only.
  • #119,753
  • Feb 11, 2009 5:33am Feb 11, 2009 5:33am
4800 here we come
Disclaimer: Take all trades at your own risk. Trade Demo account only.
  • #119,754
  • Feb 11, 2009 5:37am Feb 11, 2009 5:37am
4800?
3500 please.
Thank You
  • #119,755
  • Feb 11, 2009 5:38am Feb 11, 2009 5:38am
Quoting AJspeed
4800 here we come
  • #119,756
  • Feb 11, 2009 5:38am Feb 11, 2009 5:38am
Quoting daffy
He was referring to King as the noob.

I was watching it on the tv, and his first words were something along the lines of, 'We are in the worst recession in recent memory', and bang, GBP gets sold off. This was in contrast to his last speech where he didn't mention recession once.
He just shoot down the pound with a rifle lol
  • #119,757
  • Feb 11, 2009 5:39am Feb 11, 2009 5:39am
That's seem the bull and the bear fighting for 1.4800 and 1.3500.....
The market is always right, but it is not never wrong!!!
  • #119,758
  • Feb 11, 2009 5:48am Feb 11, 2009 5:48am
Quoting guardians
That's seem the bull and the bear fighting for 1.4800 and 1.3500.....
yeah maybe in my view if today close around 1.42 it my first alarm for cable to turn bearish but 1.432 is a good support and my last buy order 1.432 not hit huhu..
wish me luck!
  • #119,759
  • Feb 11, 2009 5:49am Feb 11, 2009 5:49am
Abu, any insights about what is best to do if you are not holding any position? I am a total newbie. Does you analysis still hold after almost touching 2nd. target and retracing?
  • #119,760
  • Feb 11, 2009 5:52am Feb 11, 2009 5:52am
hope u ladies and gents are trading better than me ..i have lost the plot again...very bad trading by me this week..
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