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Cable Update (GBPUSD)

  • #186,021
  • Dec 4, 2009 6:53am Dec 4, 2009 6:53am
Quoting iftikhar
cable can touch 1.4 levels in coming next month anyone agree about that..?
i think it wont reach that point since, we cannot break 1.57 back in september..
  • #186,022
  • Dec 4, 2009 7:09am Dec 4, 2009 7:09am
Hi
Who trades NFP ? if everyone is cautious why do prices move ?
  • #186,023
  • Dec 4, 2009 7:17am Dec 4, 2009 7:17am
Quoting iftikhar
cable can touch 1.4 levels in coming next month anyone agree about that..?
I 99.9788% disagree with this.
Probability Professor
  • #186,024
  • Dec 4, 2009 7:20am Dec 4, 2009 7:20am
1.7 before 1.4
May the forex be with you |
  • #186,025
  • Dec 4, 2009 7:28am Dec 4, 2009 7:28am
Quoting FXFundi
1.7 before 1.4
What makes you think it's going down to 1.4000? What are your reasoning's?
Probability Professor
  • #186,026
  • Dec 4, 2009 7:38am Dec 4, 2009 7:38am
crazy move,
hold on yr short mate!!!
watch out gold
never run after pips, let pips just come to you
  • #186,027
  • Dec 4, 2009 7:41am Dec 4, 2009 7:41am
I got a big short in at 16633, I think I am going to try and hold this one for a long time.........

/pray
  • #186,028
  • Edited 8:20am Dec 4, 2009 7:53am | Edited 8:20am
Still short from 16647's.....tgt 16550's...
The hardest way to make an easy living.....
  • #186,029
  • Dec 4, 2009 7:54am Dec 4, 2009 7:54am
Quoting Wharfe
I got a big short in at 16633, I think I am going to try and hold this one for a long time.........

/pray
Stay on short it would be still profitable
  • #186,030
  • Dec 4, 2009 7:58am Dec 4, 2009 7:58am
super dollar rally, let's see if it holds... first support at 1.6524...
  • #186,031
  • Dec 4, 2009 8:01am Dec 4, 2009 8:01am
tbh this news today could even be the trigger to push cable back below 160, the Fed is now much more likely to raise rates sooner, and much sooner than ECB/BOE will making the dollar very strong.

But whatever I think the market will probably do something completely different
  • #186,032
  • Dec 4, 2009 8:03am Dec 4, 2009 8:03am
"But whatever I think the market will probably do something completely different "

Why are you talking about me? LOL

Quoting Wharfe
tbh this news today could even be the trigger to push cable back below 160, the Fed is now much more likely to raise rates sooner, and much sooner than ECB/BOE will making the dollar very strong.

But whatever I think the market will probably do something completely different
Some pursue happiness, others create it.
  • #186,033
  • Dec 4, 2009 8:15am Dec 4, 2009 8:15am
i ask what is the cable target now after this this news ???
  • #186,034
  • Dec 4, 2009 8:25am Dec 4, 2009 8:25am
Quoting Wharfe
tbh this news today could even be the trigger to push cable back below 160, the Fed is now much more likely to raise rates sooner, and much sooner than ECB/BOE will making the dollar very strong.

But whatever I think the market will probably do something completely different

I think i am with you on this, the fall needs to be great.. But some level's need's to be broken
  • #186,035
  • Dec 4, 2009 8:27am Dec 4, 2009 8:27am
I hope everybody makes a lot from that NFP report, then if yes how many pips did you catch?
  • #186,036
  • Dec 4, 2009 8:33am Dec 4, 2009 8:33am
Quoting tundeakins
I hope everybody makes a lot from that NFP report, then if yes how many pips did you catch?
Yep, good move from NFP and banked +97 pips on top of +40 from this mornings' move
The hardest way to make an easy living.....
  • #186,037
  • Dec 4, 2009 8:33am Dec 4, 2009 8:33am
Fuming! Had a short in place but the stop didn't get triggered when price reached it. Tried manual close after I realised it hadn't triggered but system wouldn't close trade. Finally managed to close it minus a load of pips.
  • #186,038
  • Dec 4, 2009 8:35am Dec 4, 2009 8:35am
Quoting mr_phil
super dollar rally, let's see if it holds... first support at 1.6524...
definitely not... one still has to learn no to trade on the news
  • #186,039
  • Dec 4, 2009 8:36am Dec 4, 2009 8:36am
Anyone else not buying this jobs number? Looks to me like a desperate effort to con everyone into thinking the US economy is back on track so that the general public can go out and spend more this christmas. Timing is a little to convenient for me especially when for a lot of retailers this festive season will be make or break. I see a revision to the downside after the holiday season. You can call me a conspiracy theorist if you like
  • #186,040
  • Dec 4, 2009 8:37am Dec 4, 2009 8:37am
Quoting fendi
I think i am with you on this, the fall needs to be great.. But some level's need's to be broken
The trouble is that the EUR is taking the hardest hit, and thats causing the EUR/GBP to drop which is supporting cable, I really want to stay in but if this gets much above 16600 I am out.
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