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Cable Update (GBPUSD)

  • #202,061
  • Feb 26, 2010 4:01am Feb 26, 2010 4:01am
Hi,

I think that the revised figure was more for a public consumption as Brown has to show something for the comming elections. But since the big dogs analyze all the angles before entring, they dropped it from 1.5310 to 1.5255.

Personally I am flat till the time it reaches the 1.5350-1.5375 resistence, then I will decide. Since the bias is short, think that before the us news, it can reach the resistence before dropping down, but you never know what will happen also because today is the last working day of the month.

So considering all the above would prefer to take a low risk trade at 1.5350-75

Just my 2 cents

Kind regards
Kashif
  • #202,062
  • Feb 26, 2010 4:04am Feb 26, 2010 4:04am
Quoting Bullfx
UK GDP is good: 0.3. Signalling UK has recovered from recession. BOE may raise interest rate
Hi there

I don't know if you live in the UK but just in case - have you realised the state of the UK economy - raising interest rate will jeopardise the recovery which haven't even started yet - UK is in on of the worse shape!!!!!
  • #202,063
  • Feb 26, 2010 4:04am Feb 26, 2010 4:04am
My advise to all... close everything for the weekend. you can sleep in peace.
  • #202,064
  • Feb 26, 2010 4:09am Feb 26, 2010 4:09am
Quoting mkashifk
Hi,

I think that the revised figure was more for a public consumption as Brown has to show something for the comming elections. But since the big dogs analyze all the angles before entring, they dropped it from 1.5310 to 1.5255.

Personally I am flat till the time it reaches the 1.5350-1.5375 resistence, then I will decide. Since the bias is short, think that before the us news, it can reach the resistence before dropping down, but you never know what will happen also because today is the last working day of the month.

So considering...
I disagree with highlighted point. The data is still far from impressive, given the stimuli that was in place during Q4 and has since been withdrawn, which doesn't bode well for future quarters.
  • #202,065
  • Feb 26, 2010 4:10am Feb 26, 2010 4:10am
Quoting Clouds
If they raise interest rate, sell GBP
They won't
  • #202,066
  • Feb 26, 2010 4:11am Feb 26, 2010 4:11am
Quoting Bydyke
Even today? Last Friday of the month?
yes,
The levels I was waiting on Friday came yesterday.
May be I'll find my long entry by the end of London session.

Good luck.
  • #202,067
  • Feb 26, 2010 4:12am Feb 26, 2010 4:12am
Quoting Clouds
If they raise interest rate, sell GBP
No bro,
If they raise rates the GBP will fly to the moon.

I traded Interest rate change before
  • #202,068
  • Feb 26, 2010 4:13am Feb 26, 2010 4:13am
Quoting gammase1
I disagree with highlighted point. The data is still far from impressive, given the stimuli that was in place during Q4 and has since been withdrawn, which doesn't bode well for future quarters.
May be you are right and since I don't live there I can't be sure about that, but this is what i see looking from outside.

Kind regards
Kashif
  • #202,069
  • Feb 26, 2010 4:22am Feb 26, 2010 4:22am
Why not 5388 with target 5288
Quoting javapips
ok this is friday, we know that it could be the crazy day...
so i want to give some number,,, i hope it's good..,if not...so sorry...


SELL @ 1.5384 (if being touched)
SL = as far as you can..., hehehe kidding..., as you comfort above 1.5392 , go farther than that i wrong...
TP = as you want (this time i'm not kidding)

if you need some chart, i've posted it last night.
if you interested in that number, use limit order.
strong up trend also 'possible' to occur. becarefull.

hope the best for you.
  • #202,070
  • Feb 26, 2010 4:50am Feb 26, 2010 4:50am
Quoting meromar
Why not 5388 with target 5288
the last number still depends on broker that we use,
in exact price i want 1.5386 (1 pip to test low 2 days before at 1.5385)
i also consider broker "cheating" and give 1.5384,..

ok, enough to talk that number, it's not happen yet, and i don't want feels so fool screaming about something that maybe will not happen..., (like some people did "you long i short bla..bla..bla.." the end market go no where.. )



good luck to you...,


i still have long from last nigh, and will only want to be close with TP near that level,
no TP = 0 pips.
I will be the number one Manager.
  • #202,071
  • Feb 26, 2010 4:56am Feb 26, 2010 4:56am
Quoting Baby-Trader
No bro,
If they raise rates the GBP will fly to the moon.

I traded Interest rate change before
i guess u also traded in 2008, when EBC raised interest rates when EUR/USD was at 1.60, and then fell to 1.26?
  • #202,072
  • Feb 26, 2010 5:08am Feb 26, 2010 5:08am
Quoting Magix
This is where I see next immediate resistance.

Crushing through this could lead to a massive exodus and send price into the depths of H.E.(double hockey sticks).
Which sma/ema is that Magix please?

Thanks
  • #202,073
  • Feb 26, 2010 5:16am Feb 26, 2010 5:16am
Quoting Clouds
i guess u also traded in 2008, when EBC raised interest rates when EUR/USD was at 1.60, and then fell to 1.26?
2008 is a special year. and USD flying against all currencies because of financial crisis.

But I traded the BOE decreasing the interest rate from .5 to .25
and I sold heavily and gained 600 pips in that week
  • #202,074
  • Feb 26, 2010 5:18am Feb 26, 2010 5:18am
Going to TP my GU short with 100 p profit. Down
Give me patience
  • #202,075
  • Feb 26, 2010 5:45am Feb 26, 2010 5:45am
Quoting Bullfx
Going to TP my GU short with 100 p profit. Down
What is your target profit?
  • #202,076
  • Feb 26, 2010 6:01am Feb 26, 2010 6:01am
Will it reach 1.5200? If it does I expect a bit of a bounce like yesterday, seems very bouncy today.
{Promotion Removed}
  • #202,077
  • Feb 26, 2010 6:08am Feb 26, 2010 6:08am
Looking at 2 previous H4 candle looks like go to bearish rally again ! Exactly spike at DP 1.5282 ! I see wormie smiles there !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #202,078
  • Feb 26, 2010 6:23am Feb 26, 2010 6:23am
Bounced earlier than expected but it's going right off now. 1.5280 could be on the cards.
{Promotion Removed}
  • #202,079
  • Feb 26, 2010 6:30am Feb 26, 2010 6:30am
Quoting PipSqueeze
Bounced earlier than expected but it's going right off now. 1.5280 could be on the cards.
Not sure what you are saying - did you mean instead 1.5180??
  • #202,080
  • Feb 26, 2010 6:35am Feb 26, 2010 6:35am
Quoting Flo7
Not sure what you are saying - did you mean instead 1.5180??
hallo flo...,do you live in england? do you know when election will be held flo?
I will be the number one Manager.
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