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Cable Update (GBPUSD)

  • #180,801
  • Nov 4, 2009 1:06pm Nov 4, 2009 1:06pm
Quoting wormboy
Happy anniversary alan. Many happy returns to you & the ladyboss
hahaa.. Wormboy, you can't sleep huh ..
Don't want to miss the news or what?
  • #180,802
  • Nov 4, 2009 1:09pm Nov 4, 2009 1:09pm
Quoting albchr


My Brother!!

Long time sir! I'm well but this week will tell a lot. It's do or die time buddy. Gonna risk a lot on the outcome of the news. No choice really. Sure hope I get it right...lol
take it easy bud,,
u know how the news are, whipsaws and all strage reactions, be careful
  • #180,803
  • Nov 4, 2009 1:10pm Nov 4, 2009 1:10pm
This is where we are on 4hr ahead of Fomc in 5mins

G/L
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ex member
  • #180,804
  • Nov 4, 2009 1:11pm Nov 4, 2009 1:11pm
glad i am out or my bottie would be on fire right now
  • #180,805
  • Nov 4, 2009 1:13pm Nov 4, 2009 1:13pm
Quoting allserene
glad i am out or my bottie would be on fire right now
I got a long usd/cad with 40 pip sl

just taking my chances
  • #180,806
  • Nov 4, 2009 1:17pm Nov 4, 2009 1:17pm
Hey Sir

Just don't risk too much too early - you have got a choice Bro because the wrong decision could put you in a worse of position than ever. There's never a 'do or die' time because it's only once one 'dies' that one can't ever 'do' again if you see what I mean - if you take your time, you'll reduce the risk of 'dying' and live to keep on 'doing; so don't trade according to 'hope' as that isn't sufficient in this business.

Good luck tonight, I'm still flat so far, awaiting a good opportunity to short.




Quoting albchr


My Brother!!

Long time sir! I'm well but this week will tell a lot. It's do or die time buddy. Gonna risk a lot on the outcome of the news. No choice really. Sure hope I get it right...lol
  • #180,807
  • Nov 4, 2009 1:23pm Nov 4, 2009 1:23pm
so did they move the rates or what?
  • #180,808
  • Nov 4, 2009 1:24pm Nov 4, 2009 1:24pm
Market are crazy enough and now add the news
I'm still sideline, There is always many chances but 1 account to risk
  • #180,809
  • Nov 4, 2009 1:27pm Nov 4, 2009 1:27pm
Quoting skerdi-meta
so did they move the rates or what?
nope they are asking for food parcels for the US

It will be next summer I reckon
  • #180,810
  • Nov 4, 2009 1:33pm Nov 4, 2009 1:33pm
1.6540 seems to be an important level, former resistance now support... if it loses it, the GBP should continue to drop.
  • #180,811
  • Nov 4, 2009 1:33pm Nov 4, 2009 1:33pm
Hey Fellas,

MAE, albchr, looks like this may pan out! Cable all over the place.

Anyone noticing dragon past few days?

Quote
Information received since the Federal Open Market Committee met in September suggests that economic activity has continued to pick up. Conditions in financial markets were roughly unchanged, on balance, over the intermeeting period. Activity in the housing sector has increased over recent months. Household spending appears to be expanding but remains constrained by ongoing job losses, sluggish income growth, lower housing wealth, and tight credit. Businesses are still cutting back on fixed investment and staffing, though at a slower pace; they...

http://www.federalreserve.gov/newsev...09monetary.htm


Quoting albchr
Thank you sir and I agree about the possibility of more north from here. Waiting patiently until after the news myself. If 6600 is broken as my buddy Tau would say "with purpose", I'll be looking to see 6700/6800.

Good trading to you!
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #180,812
  • Nov 4, 2009 1:35pm Nov 4, 2009 1:35pm
Quoting skerdi-meta
so did they move the rates or what?
They're basically saying everything remains the same except the 'potential' reduction of the $200 billion agency debt package to $175 billion - not sure if this is enough to stop dollar's weakening i.e. a 'possible' reduction of $25 billion dollars which is a drop in the ocean compared to the $175 billion being spent.

Still sitting and watching, not sure about entering short yet...
  • #180,813
  • Nov 4, 2009 1:38pm Nov 4, 2009 1:38pm
Quoting isguru
They're basically saying everything remains the same except the 'potential' reduction of the $200 billion agency debt package to $175 billion - not sure if this is enough to stop dollar's weakening i.e. a 'possible' reduction of $25 billion dollars which is a drop in the ocean compared to the $175 billion being spent.

Still sitting and watching, not sure about entering short yet...
Keep an eye on the DOW, back up to 118 now... if it dips and especially if it goes red you know the dollar will keep running. New highs on the Dow (after the FOMC spike) should confirm continued USD selling for the remainder of the week (not on the GBP though, that'll be determined by the BOE rate decision).
  • #180,814
  • Nov 4, 2009 1:41pm Nov 4, 2009 1:41pm
On 4hr TF?
  • #180,815
  • Nov 4, 2009 1:42pm Nov 4, 2009 1:42pm
Quoting skerdi-meta
so did they move the rates or what?
NOPE!
  • #180,816
  • Nov 4, 2009 1:47pm Nov 4, 2009 1:47pm
Quoting vinesh
On 4hr TF?
nope ... 1.7672 next stop for a worthwhile scare ...
"I am convinced that He (God) does not play dice." - Albert Einstein
  • #180,817
  • Nov 4, 2009 1:59pm Nov 4, 2009 1:59pm
Dow Up ^ Gold UP ^ Wow we may break 1100 spot bid. on Gold.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #180,818
  • Nov 4, 2009 2:22pm Nov 4, 2009 2:22pm
Quoting nAVIN2007
Borak took hear to mexico with the bears she still lost

http://video.google.com/videoplay?docid=-18557530837761574#docid=-6918255485161567026

"peanut butter jelly with a baseball bat!"...

lol....Aiiiit....that's how they kick it down south...daw..

Hear the music before the song is over ...
  • #180,819
  • Edited 3:12pm Nov 4, 2009 3:01pm | Edited 3:12pm
The worst business ever. money leaves from your pocket like a water. Only big boys can earn because then know already where to move market.

5th and final account blown today.

Best wishes for you all guys. Now start looking newspaper for a job

Big boys will give you sometime but ultimately they will take everything and they keep making you stupid I have taken a decision now feeling very much tension free nothing left to give. In this business there is no double top there is no gartley there is no trendline these all make to make you fool. THey will do what they want and no one can stop them

Goodluck.
  • #180,820
  • Nov 4, 2009 3:17pm Nov 4, 2009 3:17pm
Quoting poortrader
The worst business ever. money leaves from your pocket like a water. Only big boys can earn because then know already where to move market.

5th and final account blown today.

Best wishes for you all guys. Now start looking newspaper for a job

Big boys will give you sometime but ultimately they will take everything and they keep making you stupid I have taken a decision now feeling very much tension free nothing left to give. In this business there is no double top there is no gartley there is no trendline these all make to make you fool. THey...
Sorry for that ,Anyone gonna start trade forex should checking below chart ,It's already high risk business!
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