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Cable Update (GBPUSD)

  • #256,601
  • Sep 28, 2010 8:35am Sep 28, 2010 8:35am
Quoting dptrader
Hey guys, I don't understand, what happen?
Are there bad news for GBP ? ...or only a correction? I see avery BIG move!

Thank you
http://4.bp.blogspot.com/_uoQsu0vbWq...rket_rally.gif
  • #256,602
  • Sep 28, 2010 8:36am Sep 28, 2010 8:36am
Quoting Alexbabwa
My orders:

Sold 1/4 at 820
1/4 at 860
1/2 at 880
SL 910
Got a full position of 860 and reversed position at 750 so now at +110 pips. SL at 690

Came to my senses and closed position for +6 pips. 116 is good not going to risk giving any back
  • #256,603
  • Sep 28, 2010 8:36am Sep 28, 2010 8:36am
Quoting Uphios
Got to disagree with the first bit, as I stated last week though the world chose to ignore it, BoE staement specifically mentioned option of further QE for the UK.

Why do you disagree with my first sentence? It was a verbatim quote from Posen. Not quite sure what you are saying. Does it sound different in your language maybe?

BTW we have been talking about QE for over a month, do keep up in the back.
  • #256,604
  • Sep 28, 2010 8:38am Sep 28, 2010 8:38am
Quoting cloggie
We've only been talking about it for 3 pages or so, go find the back button.
Yeah Cloggie, I have seen, but I do not understand if it's good for Sterling or not. For you is only temporary? Trend is still bullish ?

Thank youvery much Cloggie!
  • #256,605
  • Sep 28, 2010 8:38am Sep 28, 2010 8:38am
Quoting cloggie
Don't do it, the market is in panic mode.

ohh, too late cloggie, but itīs only 0.2 lot, not anything to worry if goes wrong, but thank you for warning me, could be a silly trade you are right
  • #256,606
  • Sep 28, 2010 8:39am Sep 28, 2010 8:39am
Quoting cloggie
We've only been talking about it for 3 pages or so, go find the back button.
Yeah Cloggie, I have seen, but I do not understand if it's good for Sterling or not. For you is only temporary? Trend is still bullish ?

Thank you very much Cloggie!
  • #256,607
  • Sep 28, 2010 8:40am Sep 28, 2010 8:40am
Quoting cloggie
Why do you disagree with my first sentence? It was a verbatim quote from Posen. Not quite sure what you are saying. Does it sound different in your language maybe?

BTW we have been talking about QE for over a month, do keep up in the back.
I'm talking about your second sentance, this changes nothing he is simply stateing again what was said within the BoE minutes of last week.

Keep up! I was discussing this last week and I think you missed it.
This space intentionally left blank.
  • #256,608
  • Sep 28, 2010 8:40am Sep 28, 2010 8:40am
Quoting dptrader
Yeah Cloggie, I have seen, but I do not understand if it's good for Sterling or not. For you is only temporary? Trend is still bullish ?

Thank youvery much Cloggie!

Read up on his speech please, inflation to fall short of target for the next 3 years and a decade of slow growth, what do you think that means.
  • #256,609
  • Sep 28, 2010 8:41am Sep 28, 2010 8:41am
Quoting cloggie
He sure did put the boot in, sideways.
incredible.
  • #256,610
  • Sep 28, 2010 8:41am Sep 28, 2010 8:41am
gbp/usd come drop to below 1.5511 ..
  • #256,611
  • Sep 28, 2010 8:41am Sep 28, 2010 8:41am
Quoting Uphios
I'm talking about your second sentance, this changes nothing he is simply stateing again what was said within the BoE minutes of last week.

Keep up! I was discussing this last week and I think you missed it.

You are entirely missing the message in Posen's speech, go google it and read it for yourself. Now compare that to the BOE statement and draw your own conclusions.

Currencies can move hundred of pips when 1 word changes, what do you think a 10 year change in outlook is going to do.
  • #256,612
  • Sep 28, 2010 8:41am Sep 28, 2010 8:41am
Quoting Uphios
Got to disagree with the first bit, as I stated last week though the world chose to ignore it, BoE staement specifically mentioned option of further QE for the UK.
Indeed and that was my reason to get out of my longs, just hate it was at 1.566 level
Don't be a hero. Don't have an ego. Always question yourself
  • #256,613
  • Sep 28, 2010 8:42am Sep 28, 2010 8:42am
Quoting dag777
ohh, too late cloggie, but itīs only 0.2 lot, not anything to worry if goes wrong, but thank you for warning me, could be a silly trade you are right

I did warn you.
  • #256,614
  • Sep 28, 2010 8:42am Sep 28, 2010 8:42am
hmmm amazing!
Yesterday we was talking about Sterling around 1.60 1.63, and now all change!

Retest of 1.58 is it possible for you?
  • #256,615
  • Sep 28, 2010 8:42am Sep 28, 2010 8:42am
How much demand in the previous 1hr/4hr swing hi (=previous resistance/potential rbs) zone?
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ex member
  • #256,616
  • Sep 28, 2010 8:43am Sep 28, 2010 8:43am
I understand now what has moved the GBP/USD, and thanks for helping to learn!
But where can I catch these speeches live? To get the info right away?
How do you guys do it?
  • #256,617
  • Sep 28, 2010 8:43am Sep 28, 2010 8:43am
who say that pound is going to 1.6 this week?


i hope those asses should stop saying idiotic words abt people being noob wanting to short the market.

my point is..stop thinking u owe the market and is such a gd prophet.
  • #256,618
  • Sep 28, 2010 8:43am Sep 28, 2010 8:43am
http://www.californiawinehikes.com/w...happy_bear.jpg
  • #256,619
  • Sep 28, 2010 8:44am Sep 28, 2010 8:44am
Quoting dptrader
hmmm amazing!
Yesterday we was talking about Sterling around 1.60 1.63, and now all change!

Retest of 1.58 is it possible for you?

Posen single handedly changed the entire economic outlook of the UK in one sentence and most people here are entirely missing the significance instead harping on about a BOE statement from last week.

If you are clueless about fundamentals, don't go making it up as you go along please.
  • #256,620
  • Sep 28, 2010 8:44am Sep 28, 2010 8:44am
Quoting yuan83
who say that pound is going to 1.6 this week?


i hope those asses should stop saying idiotic words abt people being noob wanting to short the market.

my point is..stop thinking u owe the market and is such a gd prophet.

prefer to say it turn to 1.5
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