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Cable Update (GBPUSD)

  • #208,341
  • Mar 21, 2010 5:08pm Mar 21, 2010 5:08pm
Quoting RChio
Entered Long @ 1.5003 TP 1.5079 (Daily Pivot - 5 Pips)
Very similar to mine,,, my stop loss is at1.4980... bit tight perhaps
  • #208,342
  • Mar 21, 2010 5:10pm Mar 21, 2010 5:10pm
Quoting 5abi
It is passed. well almost.
They are going to vote late late night. so we wont see an impact if any until European session
  • #208,343
  • Mar 21, 2010 5:10pm Mar 21, 2010 5:10pm
Attached Image
  • #208,344
  • Mar 21, 2010 5:13pm Mar 21, 2010 5:13pm
Quoting 4xmajkel
In my opinion this pdf contains a pseudo-code, and should be rewrited to mq4 code
but I am not 100% sure - I am not an MQ4 expert
thanks man for trying
  • #208,345
  • Mar 21, 2010 5:14pm Mar 21, 2010 5:14pm
Quoting Honored
They are going to vote late late night. so we wont see an impact if any until European session
I thought the vote was imminent???
  • #208,346
  • Mar 21, 2010 5:16pm Mar 21, 2010 5:16pm
Yes- but it is a foregone conclusion here. It would be passed. If you trade news, I could say go long EU/GU etc when the news come out.

Quoting Honored
They are going to vote late late night. so we wont see an impact if any until European session
Its all in the mind.
  • #208,347
  • Mar 21, 2010 5:19pm Mar 21, 2010 5:19pm
Quoting solrac
Hi cloggie,,,, That vote on Health Bill will cause some damage on the dollar if passed ,,, what do you think??

I see three major long term effects in passing the healtcare reform bill, more borrowing, higher interest rates and a weakening dollar. They are talking about a one trillion dollar bill and it looks like they have the 216 votes now that Stupak has changed his vote having received an amendment regarding abortion.

The question as always is; is the the euro actually worse off then the dollar with the healtcare reform bill? We'll see. Long term I still see a further decline in the euro even with the health care reform bill, short term we could see a retrace in the euro depending on how the market takes this.

Last Friday when the market knew that a consensus would be reached this Sunday regarding the health care reform bill, all stocks relating to medicare/medicaid, insurance and pharmaceuticals barely changed.

So the dip in value could already be priced in the market and maybe the main focus is on the crap outlook in Europe as a heavier effect on the pair.
  • #208,348
  • Mar 21, 2010 5:20pm Mar 21, 2010 5:20pm
Quoting solrac
I thought the vote was imminent???
Follow live blog here

http://news.yahoo.com/s/ynews/201003...s/ynews_ts1288

5:10 PM ET: The White House says President Obama will speak from the East Room tonight after the House completes its votes. At this rate, though, it might technically be "tomorrow" when Obama speaks. The final vote may happen late late late tonight.

6:12 PM ET: The House is now voting on the rules they will follow during tonight's debate. When they finish, they will start to debate on the first of two pieces of legislation they will vote on: the "fixes" to the original Senate bill and then the original Senate bill itself.
  • #208,349
  • Mar 21, 2010 5:27pm Mar 21, 2010 5:27pm
Quoting RChio
Entered Long @ 1.5003 TP 1.5079 (Daily Pivot - 5 Pips)
Seeing I"m in the green, moved my SL to breakeven...

Trading Free now!

Let's see what happens next.
  • #208,350
  • Mar 21, 2010 5:30pm Mar 21, 2010 5:30pm
nap time plz room wake me up when it breaks 14950 thanks room
  • #208,351
  • Mar 21, 2010 5:30pm Mar 21, 2010 5:30pm
lol. you never trade free. you PAID for the bet when u hit buy.

btw, GU could eat your SL in a burp. if you beleive in ur analysis why not keep some room for wiggle?

Quoting RChio
Seeing I"m in the green, moved my SL to breakeven...

Trading Free now!

Let's see what happens next.
Its all in the mind.
  • #208,352
  • Mar 21, 2010 5:32pm Mar 21, 2010 5:32pm
After a breakout to the bottom, the gap just got filled (especially for the gap traders) and we have resumed our range from Friday afternoon. 4977-5033. Either Tokyo or the health care bill will break this range. Tokyo will probably take it lower while health care may take her back up again. Going to be an interesting London session tomorrow.

I am flat until tomorrow, going to spend an evening with the mrs, letting my fibre short run free.
  • #208,353
  • Mar 21, 2010 5:32pm Mar 21, 2010 5:32pm
Quoting RChio
Seeing I"m in the green, moved my SL to breakeven...

Trading Free now!

Let's see what happens next.
Got stopped out at +4 Pips...

Looks like it will be a scalp today!

Happy pippin!

Cheers,
R
  • #208,354
  • Mar 21, 2010 5:33pm Mar 21, 2010 5:33pm
Quoting RChio
Entered Long @ 1.5003 TP 1.5079 (Daily Pivot - 5 Pips)
call good,I also are buying
  • #208,355
  • Mar 21, 2010 5:35pm Mar 21, 2010 5:35pm
evening all
  • #208,356
  • Mar 21, 2010 5:38pm Mar 21, 2010 5:38pm
Quoting Honored
Follow live blog here

http://news.yahoo.com/s/ynews/201003...s/ynews_ts1288

5:10 PM ET: The White House says President Obama will...
Thanks Honored,,, It looks like it will go all the way Stupak will only change his vote on proper assurances from Obama ,, but the president can only offer an executive order,,( which is not law ) mmmmmm we might have a surprise . If Obama loses it and as Cloggie says Cable and fharmaceuticals were already priced from Friday Dollar can really shot up again sending GBP down to the doldrums,,,, me thinks
  • #208,357
  • Mar 21, 2010 5:38pm Mar 21, 2010 5:38pm
2 New Longs

1.5003 & 1.5006... TP @ 1.5079 as per before.

Will monitor closely and move SL to Break Even etc as I go.


Cheers,
All
  • #208,358
  • Mar 21, 2010 5:42pm Mar 21, 2010 5:42pm
today
Attached Image
  • #208,359
  • Mar 21, 2010 5:43pm Mar 21, 2010 5:43pm
Quoting vangcuibap
today
Good Image... Hope we're both right!
  • #208,360
  • Mar 21, 2010 5:46pm Mar 21, 2010 5:46pm
Hey,

Where did u pick that image up?
I want one of those models !
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