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Cable Update (GBPUSD)

  • #269,841
  • Jan 25, 2011 3:10am Jan 25, 2011 3:10am
Should get very interesting in about ~23 mins
  • #269,842
  • Jan 25, 2011 3:11am Jan 25, 2011 3:11am
Quoting bbmac
Is the market pricing in a bad 4th Qtr Gdp due in 25mins or so, or is it just a move down to buy at a discount on the data ?

Time will tell but a reading below the forecast +0.5% could well limit the Boe MPC's scope for an early rate rise, so £ weakness on the knee-jerk could well result ?

G/L
Conversely of course any higher pring than 0.5% forecast toward 3rd Qtr 0.7% and above could see knee-jerk £ strength ?

G/L
ex member
  • #269,843
  • Jan 25, 2011 3:12am Jan 25, 2011 3:12am
Quoting lechidi
when you open a trade with a specific lot size like..say...1 lot. you can select 0.6 when you want to hit ''close'' and it closes that portion of your trade and leaves 0.4 running. cheers
Ah thanks for replying. I was rather 'busy.
EU and EJ also become hot, both breaking daily roll
  • #269,844
  • Jan 25, 2011 3:17am Jan 25, 2011 3:17am
Since London opened, the trend is down. Does that mean some news is already out, and in 15mins, we will experience the knee jerking sensation.
  • #269,845
  • Jan 25, 2011 3:24am Jan 25, 2011 3:24am
We are currently in a demand level. Do NOT open a position now. Wait for the news to come out first and wait 10 mins to see the direction before entering!

Attached Image (click to enlarge)
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  • #269,846
  • Jan 25, 2011 3:28am Jan 25, 2011 3:28am
buy buy buy!
  • #269,847
  • Jan 25, 2011 3:29am Jan 25, 2011 3:29am
Quoting gsantri
Yes, 0.6 vol taken out for 31 pips, SL moved to BE+2.

Will take the remaining into the 'fight of news
Amended to BE+50 @5937.
  • #269,848
  • Jan 25, 2011 3:29am Jan 25, 2011 3:29am
nope...wait for PA.
  • #269,849
  • Jan 25, 2011 3:30am Jan 25, 2011 3:30am
so scary...
I will be the number one Manager.
  • #269,850
  • Jan 25, 2011 3:31am Jan 25, 2011 3:31am
O my
  • #269,851
  • Jan 25, 2011 3:31am Jan 25, 2011 3:31am
-0.5

mixed news
  • #269,852
  • Jan 25, 2011 3:31am Jan 25, 2011 3:31am
plunged 80 pips
  • #269,853
  • Jan 25, 2011 3:32am Jan 25, 2011 3:32am
oh Sh!t
  • #269,854
  • Jan 25, 2011 3:32am Jan 25, 2011 3:32am
Quoting Kelisa
-0.5

mixed news


That is terrible news! Looks like UK is heading back into recession! Sell the rumour, sell the news! LOL
  • #269,855
  • Jan 25, 2011 3:33am Jan 25, 2011 3:33am
Quoting PoundTrader
oh Sh!t
I did say last night, sooner than later!
  • #269,856
  • Jan 25, 2011 3:33am Jan 25, 2011 3:33am
downtrend has begun
  • #269,857
  • Jan 25, 2011 3:36am Jan 25, 2011 3:36am
  • #269,858
  • Jan 25, 2011 3:37am Jan 25, 2011 3:37am
I am out of here... My shorts on GBPAUD and GBPCHF are raking it in

Have a great day!
  • #269,859
  • Jan 25, 2011 3:37am Jan 25, 2011 3:37am
GDP - not too good then?
  • #269,860
  • Jan 25, 2011 3:38am Jan 25, 2011 3:38am
Quoting bbakker
I did say last night, sooner than later!
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