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Cable Update (GBPUSD)

  • #157,381
  • Aug 12, 2009 11:39am Aug 12, 2009 11:39am
Quoting pakitrader
the reason cable dropped bcoz rates unchanged shows consistency in the policy hence it give confidence to investors amid stronger dollar.
It was known by the market beforehand that the official policy rate would not be changed. The only uncertainty was regarding the QE purchases.
  • #157,382
  • Aug 12, 2009 11:41am Aug 12, 2009 11:41am
Well, it's not much, but I banked +30 pips on the move. Still learning how all of this works
  • #157,383
  • Aug 12, 2009 11:44am Aug 12, 2009 11:44am
Just took 20 pips on the fade but as the above poster I'm happy to have spotted the opportunity and done it right.
  • #157,384
  • Aug 12, 2009 11:44am Aug 12, 2009 11:44am
huge 15min candle with highest volume of the day - buyers perhaps?
  • #157,385
  • Aug 12, 2009 11:45am Aug 12, 2009 11:45am
Quoting alex1976
can someone explain to me why the feds keeping the rates unchanged made the cable drop and the u.s dollar rally?
The rate is small beer compared to sentiment inferred from FED statements which use coded messages

either the messages or lack of messages are seen as important

Trouble is we must bear in mind the saying that 'The first move is the false one'

I will let my s/l wash out now if it wants to - at least I can get a big profit if it does break down. Not interested in the small gain when there could be a big one in the offing
  • #157,386
  • Aug 12, 2009 11:50am Aug 12, 2009 11:50am
sweet, i caught a lot of that eur/usd, gbp/usd, gpy/usd for a nice $16k plus some change, I might take the week off

Quoting Magix
Cashed in soft hedge, closed all trades @ 5 lots...200 pips...

Enjoy the rest of your day!

PM Me If You Need Help!
  • #157,387
  • Aug 12, 2009 11:51am Aug 12, 2009 11:51am
I agree with a lot of what the others say, but they can't keep the rates this low for long. I guess once they start getting most of their Tarp funds back, rates will go up.

Quoting alex1976
can someone explain to me why the feds keeping the rates unchanged made the cable drop and the u.s dollar rally?
PM Me If You Need Help!
  • #157,388
  • Aug 12, 2009 11:56am Aug 12, 2009 11:56am
Big boys have entered for long
  • #157,389
  • Aug 12, 2009 11:56am Aug 12, 2009 11:56am
DOW up 165 - off to the moon and dragging cable with it

my s/ls have been hit

thats ok - still got some beer money
  • #157,390
  • Aug 12, 2009 11:56am Aug 12, 2009 11:56am
HOLY smokes, who caught that pullback. Gee, I missed it. I guess the market was not so confident after all.
PM Me If You Need Help!
  • #157,391
  • Aug 12, 2009 11:56am Aug 12, 2009 11:56am
Quoting BobHall
sweet, i caught a lot of that eur/usd, gbp/usd, gpy/usd for a nice $16k plus some change, I might take the week off

You Da Man!

2 more lots added on soft hedge, 4x on all....

Just went even...for the moment, buwahahahahaha

Blood in the streets now...still holding for the interm...
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #157,392
  • Aug 12, 2009 11:56am Aug 12, 2009 11:56am
HOLY CRAP. Look at it recover. Some BIG BOYS have made a bundle tonight.
You've got to be IN IT to WIN IT!
  • #157,393
  • Aug 12, 2009 11:57am Aug 12, 2009 11:57am
that one hr candle is crazy!
  • #157,394
  • Aug 12, 2009 11:57am Aug 12, 2009 11:57am
I sure hope you got out of them once they hit your prices and didn't add to those shorts, did you see what just happened? OMFG.

Quoting Magix
You Da Man!

2 more lots added on soft hedge, 4x on all....

Just went even...for the moment, buwahahahahaha
PM Me If You Need Help!
  • #157,395
  • Aug 12, 2009 11:58am Aug 12, 2009 11:58am
capitulation if I ever seen one.

Quoting Ifty
HOLY CRAP. Look at it recover. Some BIG BOYS have made a bundle tonight.
PM Me If You Need Help!
  • #157,396
  • Aug 12, 2009 11:59am Aug 12, 2009 11:59am
LMFAO, check the 15minute...lol

Quoting alex1976
that one hr candle is crazy!
PM Me If You Need Help!
  • #157,397
  • Aug 12, 2009 11:59am Aug 12, 2009 11:59am
What a beautiful ride by pound who enjoyed with me ?
  • #157,398
  • Aug 12, 2009 12:02pm Aug 12, 2009 12:02pm
Quoting BobHall
I sure hope you got out of them once they hit your prices and didn't add to those shorts, did you see what just happened? OMFG.

What goes up, must come down...and vice versa...

Will be holding for a couple hours maybe into the evening, all good on soft hedge here.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #157,399
  • Aug 12, 2009 12:04pm Aug 12, 2009 12:04pm
Any drunk big boy got mad today or pound got mad who else
  • #157,400
  • Aug 12, 2009 12:05pm Aug 12, 2009 12:05pm
im gonna wait for daily to close before i make any decision on direction going into next uk session.

Price action on 1hr and 15min is too crazy for me! Lol
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