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Cable Update (GBPUSD)

  • #261,221
  • Oct 20, 2010 5:13am Oct 20, 2010 5:13am
Quoting chazzle
Right short from 15750...same reason as earlier
I'm taking 30
  • #261,222
  • Oct 20, 2010 5:14am Oct 20, 2010 5:14am
Struggling to make new high and to make new high hourly close...there is a better chance to retest the low than breaking higher...lets wait and see
COT: The precious data ignored
  • #261,223
  • Oct 20, 2010 5:22am Oct 20, 2010 5:22am
They may be retaining the £4.6B science budget , but they might want to sort out the cap on immigration for skilled workers from non-EU countries to get the most out of it...
  • #261,224
  • Oct 20, 2010 5:43am Oct 20, 2010 5:43am
like this from the bbc.

Apologies to those of you watching the live video stream of the chancellor's statement. A technical problem meant the sound was temporarily unavailable. We are sorry for that - it should be working properly now.
  • #261,225
  • Oct 20, 2010 5:48am Oct 20, 2010 5:48am
short from 15759 ... same reasons
  • #261,226
  • Oct 20, 2010 5:52am Oct 20, 2010 5:52am
Quoting chazzle
short from 15759 ... same reasons
Would be great if 1h candle closes below 1.5760!
Shorted there myself. Closinf if it does not hold under 1.5755 for 1h close.
  • #261,227
  • Oct 20, 2010 6:02am Oct 20, 2010 6:02am
Quoting chazzle
short from 15759 ... same reasons
taking just 10
  • #261,228
  • Oct 20, 2010 6:03am Oct 20, 2010 6:03am
gbp wants to go up today....not really much to do about it..
COT: The precious data ignored
  • #261,229
  • Oct 20, 2010 6:08am Oct 20, 2010 6:08am
Quoting kuroro001
gbp wants to go up today....not really much to do about it..
Do you think?
Why?
The news are saying they are leaning towards more QE. Shouldn`t that make GBP go down?
  • #261,230
  • Oct 20, 2010 6:15am Oct 20, 2010 6:15am
Quoting Sunsi
Do you think?
Why?
The news are saying they are leaning towards more QE. Shouldn`t that make GBP go down?
Well looks like its thinking about moving, im holding a short...but i might cut it...ill wait next hour to see if its ready to move either way
Looks like traders dont care about fundies...
COT: The precious data ignored
  • #261,231
  • Oct 20, 2010 6:15am Oct 20, 2010 6:15am
Quoting Fudomyo
price is exactly where it was 8 hours ago. closed the rest of my long out of complete boredom.

they're playing it up the middle today, so until we get a close above or below either trendline, no point guessing.

news may have already been priced in.
yup...it true...still the bulls are not yet finished...IMHO...i think its better to wait for todays close before any position taken...
  • #261,232
  • Oct 20, 2010 6:18am Oct 20, 2010 6:18am
Chancellor George Osborne has announced the government's four-year Spending Review to Parliament, revealing some of the deepest cuts in public spending in decades.
The key announcements:

 

  1. About 490,000 public sector jobs likely to be lost
  2. Average 19% four-year cut in departmental budgets
  3. Structural deficit to be eliminated by 2015
  4. £7bn in additional welfare budget cuts
  5. Police funding cut by 4% a year
  6. Retirement age to rise from 65 to 66 by 2020
  7. NHS budget protected; £2bn extra for social care
  8. Schools budget to rise every year until 2015
  9. £30bn capital spending on transport
  10. Permanent bank levy

Here, department by department, are more details.


http://www.bbc.co.uk/news/uk-politics-11569160


I thought the UK chancellor is a smart politician - but no he is planing to destroy UK´s financial center image....

________________________________ Errare humanum est
  • #261,233
  • Oct 20, 2010 6:19am Oct 20, 2010 6:19am
This is great. where are we heading now?
  • #261,234
  • Oct 20, 2010 6:26am Oct 20, 2010 6:26am
Quoting Sunsi
Do you think?
Why?
The news are saying they are leaning towards more QE. Shouldn`t that make GBP go down?
Could already be largely priced in,Sunsi...yesterday 23hrs Asia to Asia 292 pip drop
  • #261,235
  • Oct 20, 2010 6:28am Oct 20, 2010 6:28am
Quoting chazzle
Could already be largely priced in,Sunsi...yesterday 23hrs Asia to Asia 292 pip drop
Might be.. But I don`t think it all was. We`ll see. Wouldn`t be surprised to atleast see a touch of 1.5710. Before (if) we are going north.
Pair is in tight range so far between 1.5755 and 1.5710.
Need a breakout from this range atleast to know where we are heading
Tp for my shorts: 1.5710. SL@ BE.
Took 1.profit for 20pips, letting the other run.
  • #261,236
  • Oct 20, 2010 6:44am Oct 20, 2010 6:44am
taken 2 position av. price 15780 (short)
  • #261,237
  • Oct 20, 2010 6:46am Oct 20, 2010 6:46am
Fvourable reaction by market so far to Uk chancellor spending review statement...buying of £ although supply encountered at previous 1hr/4hr swing lo zone...(potential sbr) price has now breeched it and the ascending 1hr trend line to the upside ..above here and the unbreeched fibs of the moves down from 6107 and 5942 to 5649 as well as the next higher previous 1hr/4hr swing lo zone starting around 5836 to 5871 area.

G/L

http://www.easy-upload.net/fichiers/...1020154859.gif
ex member
  • #261,238
  • Oct 20, 2010 6:52am Oct 20, 2010 6:52am
oh god i should have gone long this morning....2 platform...2 different PA lol...pfff ive followed the wrong plateform...looks like fxcm is more relevant...noted!
COT: The precious data ignored
  • #261,239
  • Oct 20, 2010 6:53am Oct 20, 2010 6:53am
Price has now breeched to the upside the 50% of yesterday's 5942 Hi - the overnight 5649 Lo move.

G/L
ex member
  • #261,240
  • Oct 20, 2010 6:53am Oct 20, 2010 6:53am
Quoting chazzle
taken 2 position av. price 15780 (short)
took 3 positions and took the hit -40

can't let this become a swing trade-totally on the wrong side,lol
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