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Cable Update (GBPUSD)

  • #263,121
  • Nov 3, 2010 1:29pm Nov 3, 2010 1:29pm
Quoting cloggie
Let's get back to where we started first.

There you go both Fibre and Cable are back where they started pretty much to the pip from before the news, normal service can now resume.
  • #263,122
  • Nov 3, 2010 1:31pm Nov 3, 2010 1:31pm
Quoting wormboy
one beer for you!
Ta.
  • #263,123
  • Nov 3, 2010 1:32pm Nov 3, 2010 1:32pm
Quoting bbakker
That will be it me thinks!
looks like it brian.
gonna wait till it settles down a bit
Thank You
  • #263,124
  • Nov 3, 2010 1:33pm Nov 3, 2010 1:33pm
Quoting wormboy
gonna wait till it settles down a bit

Same here, that was loads of fun and pretty predictable. I still did not trade it though, am not desperate enough for that one.
  • #263,125
  • Nov 3, 2010 1:36pm Nov 3, 2010 1:36pm
Quoting cloggie

And eyes on 4038, that will be the turt for you.

That turt is getting rancid, it's been around for days now..


And guess what, 4068 next, I may as well recycle my posts from today and yesterday
  • #263,126
  • Nov 3, 2010 1:36pm Nov 3, 2010 1:36pm
Quoting wormboy
looks like it brian.
gonna wait till it settles down a bit
Came very close to my SL... lol!
  • #263,127
  • Nov 3, 2010 1:38pm Nov 3, 2010 1:38pm
Hope everyone survived-lol!! Nice pinbar candles on 5min....Weekly R2 area was the Hi...before the drop to the 1hr ascending trend line...

Done for today....see you at LO tomorrow.

G/L
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ex member
  • #263,128
  • Nov 3, 2010 1:40pm Nov 3, 2010 1:40pm
Quoting cloggie
Same here, that was loads of fun and pretty predictable. I still did not trade it though, am not desperate enough for that one.
haha, i hear ya. my little gamble paid off tho, so I'm not pushing it any further. I was extremely lucky with that long.
Atm I'm looking for 115 to clear before taking another long.
Thank You
  • #263,129
  • Nov 3, 2010 1:40pm Nov 3, 2010 1:40pm
hit the earlier upside target WR1 almost to the pip then back down to the daily open, so pretty much covered the day's trading range in 15 minutes.

always chaotic, never random. ..lol

still flat until the smoke clears.
  • #263,130
  • Nov 3, 2010 1:40pm Nov 3, 2010 1:40pm
The Fed said it would buy up to $600 billion in long-term Treasurys until the end of June 2011, about $75 billion this month, in a strategy called quantitative easing

This is the second time the Fed has engaged in quantitative easing, as it snapped up $1.7 trillion in mostly housing-related assets December 2008 and March 2010....

....To implement the Federal Reserve’s new policy of quantitative easing, the New York Fed plans to buy $850 billion to $900 billion in Treasury notes over the next five months, including $600 billion in new purchases and about $250 billion to $300 billion to reinvest the proceeds of maturing mortgage-backed securities, the New York Fed announced Wednesday.

http://www.marketwatch.com/story/fed...nds-2010-11-03
  • #263,131
  • Nov 3, 2010 1:40pm Nov 3, 2010 1:40pm
5min shown below
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  • #263,132
  • Nov 3, 2010 1:43pm Nov 3, 2010 1:43pm
Quoting bbakker
Came very close to my SL... lol!
where's your stop placed brian? i come and get it
Thank You
  • #263,133
  • Nov 3, 2010 1:43pm Nov 3, 2010 1:43pm
if the Fed buys $600 billion USD shouldn't the gbp/usd fall? I know they only print money but still the movement should be down.
Our beliefs are based on logic and the pursuit of clearity.
  • #263,134
  • Nov 3, 2010 1:44pm Nov 3, 2010 1:44pm
Quoting wormboy
where's your stop placed brian? i come and get it
1.6190... lol. You need to open your long first
  • #263,135
  • Nov 3, 2010 1:45pm Nov 3, 2010 1:45pm
Quoting Gbp/usd
if the Fed buys $600 billion USD shouldn't the gbp/usd fall? I know they only print money but still the movement should be down.

No exactly the other way round, they are buying Treasuries not Sterling so there is an increase in M3, therefore the value of the underlying currency (USD) drops. However it is pretty much what was expected so don't anticipate a massive move, the trend however is not changing due to the news so longer term bias is still North.

At least I don't have to change my sentiment in my signature.
  • #263,136
  • Nov 3, 2010 1:45pm Nov 3, 2010 1:45pm
Quoting Fudomyo
hit the earlier upside target WR1 almost to the pip then back down to the daily open, so pretty much covered the day's trading range in 15 minutes.

always chaotic, never random. ..lol

still flat until the smoke clears.

yup!
how's it going brother, hope everything's great!
Thank You
  • #263,137
  • Nov 3, 2010 1:46pm Nov 3, 2010 1:46pm
Quoting bbakker
1.6190... lol. You need to open your long first
coming!
Thank You
  • #263,138
  • Nov 3, 2010 1:46pm Nov 3, 2010 1:46pm
Quoting cloggie

And guess what, 4068 next, I may as well recycle my posts from today and yesterday

Done. I am getting bored trading this, no surprises today to make me situp and pay attention.

I am going to stop posting the same thing over and over again, you guys get the drift by now.
  • #263,139
  • Nov 3, 2010 1:50pm Nov 3, 2010 1:50pm
Quoting wormboy
yup!
how's it going brother, hope everything's great!
lol... having fun watching the fireworks!

glad to see you caught some of it!
  • #263,140
  • Nov 3, 2010 1:50pm Nov 3, 2010 1:50pm
erinieks, i hope you did the right thing.
Thank You
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