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Cable Update (GBPUSD)

  • #213,681
  • Apr 7, 2010 1:39am Apr 7, 2010 1:39am
Quoting forexlion
Toilet humour. The lowest wit known to mankind!
  • #213,682
  • Apr 7, 2010 1:41am Apr 7, 2010 1:41am
cloggie and bakker..... you brave souls!!!!!!!!!!
  • #213,683
  • Apr 7, 2010 1:42am Apr 7, 2010 1:42am
Quoting bbakker
Remember people, above 50.0 indicates industry expansion and so the actual is a bit lower than forecast. Short-term over reaction by the markets and I still l think we have some upside, so I am in with a cheeky long with SL just below DP. Buy @15230 SL @15215 TP @15365

Have a great day!
Isnt the expansion largely due to the weak pound though? If pound strengthens services contract? not sure on this, any guidance appreciated
  • #213,684
  • Apr 7, 2010 1:43am Apr 7, 2010 1:43am
Quoting cableboy
cloggie and bakker..... you brave souls!!!!!!!!!!

There is two ways to look at this, one we are wrong, two we bought at a great discount, based on the latter it is worth the effort.
  • #213,685
  • Apr 7, 2010 1:43am Apr 7, 2010 1:43am
malcom u are holding the cable from breaking the 20's let go man
  • #213,686
  • Apr 7, 2010 1:44am Apr 7, 2010 1:44am
Quoting cloggie
There is two ways to look at this, one we are wrong, two we bought at a great discount, based on the latter it is worth the effort.
  • #213,687
  • Apr 7, 2010 1:45am Apr 7, 2010 1:45am
Not that I could even claim to be able to second guess cloggie or bbaker, but isnt there a bit of an ominous sign on the 30 minute chart?

I'm rubbish at this, but I havent jumped in one way or the other, still examining things so I may have completely mis-read it (and in all likelyhood have!).
Back to basics, it has to be for me!
  • #213,688
  • Apr 7, 2010 1:46am Apr 7, 2010 1:46am
Quoting OldReigatian
Isnt the expansion largely due to the weak pound though? If pound strengthens services contract? not sure on this, any guidance appreciated
I would agree in the case of manufacturing, but I am not so sure about services, as we don't really export/import services.
  • #213,689
  • Apr 7, 2010 1:47am Apr 7, 2010 1:47am
Quoting forexlion
err how many got killed in the trap ??
Not me and I'm looking up
  • #213,690
  • Apr 7, 2010 1:48am Apr 7, 2010 1:48am
which way guys this has been a joke all day
  • #213,691
  • Apr 7, 2010 1:50am Apr 7, 2010 1:50am
Quoting pacha group
which way guys this has been a joke all day
Contradiction between title and body! Maybe you should review the posts and charts that people have been so kind to post on here AND then make your OWN decision.
  • #213,692
  • Apr 7, 2010 1:50am Apr 7, 2010 1:50am
Quoting bbakker
I would agree in the case of manufacturing, but I am not so sure about services, as we don't really export/import services.
What about all our financial services to overseas companies - isn't that what the city of london is renowned for?
  • #213,693
  • Apr 7, 2010 1:51am Apr 7, 2010 1:51am
Quoting BadTradingFi
Not that I could even claim to be able to second guess cloggie or bbaker, but isnt there a bit of an ominous sign on the 30 minute chart?

I'm rubbish at this, but I havent jumped in one way or the other, still examining things so I may have completely mis-read it (and in all likelyhood have!).
We stayed above the 150ma on M30 and the DP held, still a case to be made for long. Time will tell, did say it was a risky one could not ignore the discount though
  • #213,694
  • Apr 7, 2010 1:56am Apr 7, 2010 1:56am
is up or down please?
  • #213,695
  • Apr 7, 2010 1:57am Apr 7, 2010 1:57am
Quoting pacha group
is up or down please?

The market is kinda going both ways, few of us went short, few of us went long. We can all win in the end.
  • #213,696
  • Apr 7, 2010 1:57am Apr 7, 2010 1:57am
Quoting cloggie
We stayed above the 150ma on M30 and the DP held, still a case to be made for long. Time will tell, did say it was a risky one could not ignore the discount though
At least my new found skills of patience stopped me jumping in. This is a good sign it will go up though as things seem to do the opposite of what I do. If you want to profit share, I will put a short in now to guarantee you see 5380
Back to basics, it has to be for me!
  • #213,697
  • Apr 7, 2010 1:58am Apr 7, 2010 1:58am
thanks man!!!
  • #213,698
  • Apr 7, 2010 1:59am Apr 7, 2010 1:59am
[quote=cloggie;3615219]The market is kinda going both ways, few of us went short, few of us went long. We can all win in the end.[/quote

Then where are 98% of traders who lost their money? 1 pips profit hmm doesn't do much if u lost 100 pips earlier. The best way to learn is from the best. ANd we all know who r the best traders here. Lately they stop coming into this thread. Wondering why? ccc
  • #213,699
  • Apr 7, 2010 1:59am Apr 7, 2010 1:59am
Quoting pacha group
is up or down please?
I am up, some others are down. Please review older posts with charts and analysis, then do your own analysis, then make your OWN decision. We are not here to tell YOU what to do!
  • #213,700
  • Apr 7, 2010 2:02am Apr 7, 2010 2:02am
though there was a massive wiped from the news, still can not touch the 5225 line... wew...
i'll do my best, and let the old lady decide where she wanna go
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