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Cable Update (GBPUSD)

  • #309,661
  • Apr 25, 2012 4:58am Apr 25, 2012 4:58am
Quoting Flynchenberg
...and why footse is still on green?
i tend to believe Stocks and Equities of a country goes up when the currency goes down....

strength of the currency loosens as people holding sterling are not putting it in stocks and equity

Unless im mistaken....
When people get out of stocks and equities they convert back to the currency hence
Stock and Equity Goes up on Down Currency

but yes in this case... its a mystery why FTSE is still in green... normally a bad news like recesison would be down currency and down stocks and equities as they move to another currency for risk aversion....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #309,662
  • Apr 25, 2012 5:04am Apr 25, 2012 5:04am
We may be stuck in a range for the rest of the day as the FOMC statement later is even more important than UK GDP. As I understand it, this FOMC statement is made more significant by being close to the elections.

By the way, is it safe to take Nachiket off ignore yet?
Gone to a better place
  • #309,663
  • Apr 25, 2012 5:10am Apr 25, 2012 5:10am
Quoting smikester
We may be stuck in a range for the rest of the day as the FOMC statement later is even more important than UK GDP. As I understand it, this FOMC statement is made more significant by being close to the elections.

By the way, is it safe to take Nachiket off ignore yet?
Good day to you,

Give it a shot...

Regards
  • #309,664
  • Apr 25, 2012 5:11am Apr 25, 2012 5:11am
Quoting smikester
We may be stuck in a range for the rest of the day as the FOMC statement later is even more important than UK GDP. As I understand it, this FOMC statement is made more significant by being close to the elections.

By the way, is it safe to take Nachiket off ignore yet?

yes he hasnt actaully attack meh lately
I agree maybe range bound
  • #309,665
  • Apr 25, 2012 5:15am Apr 25, 2012 5:15am
Quoting smikester
We may be stuck in a range for the rest of the day as the FOMC statement later is even more important than UK GDP. As I understand it, this FOMC statement is made more significant by being close to the elections.

By the way, is it safe to take Nachiket off ignore yet?
fuckster is here. he is saying UK GDP is not imp and that bernanke event is imp. how much money will he pump? he and his whole team are going to get knocked off once romney comes
  • #309,666
  • Apr 25, 2012 5:18am Apr 25, 2012 5:18am
Quoting smikester
We may be stuck in a range for the rest of the day as the FOMC statement later is even more important than UK GDP. As I understand it, this FOMC statement is made more significant by being close to the elections.

By the way, is it safe to take Nachiket off ignore yet?
I guess not...
Come with me if you want to live....
  • #309,667
  • Apr 25, 2012 5:24am Apr 25, 2012 5:24am
Quoting nAVIN2007
yes he hasnt actaully attack meh lately
I agree maybe range bound
hey nav bro, how's the feeling to see again green after so many months in red? uuuuuuuuuuh must be a great feeling!!!


let's see where we close this month, ahha
90% of traders use TA, indicators and prediction
  • #309,668
  • Apr 25, 2012 5:28am Apr 25, 2012 5:28am
Quoting TauTrader
Good day to you,

Give it a shot...

Regards
goodmorning mrTau
nice to see you around here! good luck with your trades
90% of traders use TA, indicators and prediction
  • #309,669
  • Apr 25, 2012 5:30am Apr 25, 2012 5:30am
Quoting smikester
We may be stuck in a range for the rest of the day as the FOMC statement later is even more important than UK GDP. As I understand it, this FOMC statement is made more significant by being close to the elections.

By the way, is it safe to take Nachiket off ignore yet?
morning
i agree, this FOMC later can shake markets a lot.
no hurry here, i will trade after the facts are done!
i will never short or long a pair thinking that the moon will, one day or the other, hit the earth
90% of traders use TA, indicators and prediction
  • #309,670
  • Apr 25, 2012 5:34am Apr 25, 2012 5:34am
Quoting _BBKing_
goodmorning mrTau
nice to see you around here! good luck with your trades
Good day to you, sir

Thank you. Appreciated.

All success to you

Regards
  • #309,671
  • Apr 25, 2012 5:35am Apr 25, 2012 5:35am
Quoting Ill-b-back
I guess not...
Thanks.
Gone to a better place
  • #309,672
  • Apr 25, 2012 5:40am Apr 25, 2012 5:40am
This is turning into a real diahorrea inducing trading session. Terrible news from the Q1 GDP report, yet great manufacturing news.
FOMC will play a crucial role in dictating where Cable is headed, and lets just say Bernanke isnt that well known for his positive comments.


Not sure whether to let go of my shorts.
  • #309,673
  • Apr 25, 2012 5:41am Apr 25, 2012 5:41am
Quoting _BBKing_
hey nav bro, how's the feeling to see again green after so many months in red? uuuuuuuuuuh must be a great feeling!!!


let's see where we close this month, ahha

yeah bloody typical..still thou it doesnt change much for me..cause u have to rememeber usd in this also..but i am question if i should hedge incase the mofo tanks

2 things are on..

1) reverse and become bullish
2)tomorrow sell..lol

dailly today will tell
  • #309,674
  • Apr 25, 2012 5:46am Apr 25, 2012 5:46am
Quoting smikester
Thanks.
If he can pay the rent I would just keep him there
Come with me if you want to live....
  • #309,675
  • Apr 25, 2012 5:49am Apr 25, 2012 5:49am
Quoting nAVIN2007
yeah bloody typical..still thou it doesnt change much for me..cause u have to rememeber usd in this also..but i am question if i should hedge incase the mofo tanks

2 things are on..

1) reverse and become bullish
2)tomorrow sell..lol

dailly today will tell
yes ok i agree.
there are a lot of hourly things to do near 1.6000 and 1.5980....
but, weekly talking, we could see 1.62-1.63-1.64 before any strong significant supply. let's see, later fomc can change things.
90% of traders use TA, indicators and prediction
  • #309,676
  • Apr 25, 2012 5:51am Apr 25, 2012 5:51am
Quoting _BBKing_
yes ok i agree.
there are a lot of hourly things to do near 1.6000 and 1.5980....
but, weekly talking, we could see 1.62-1.63-1.64 before any strong significant supply. let's see, later fomc can change things.

would be difficult this week to achieve a new high, just wont make sense, but in forex u should never bloody know
  • #309,677
  • Apr 25, 2012 5:56am Apr 25, 2012 5:56am
Quoting TauTrader
Good day to you,

Give it a shot...

Regards
Good day to you too, Tau. To be honest I would if he had anything of value to contribute to the thread. But, apparently, personal abuse is all he's good at. Back on ignore.

About your long. I see this 1.61 - 1.6088 as a support level and it was strong resistance at 8th Nov. 2011, but still a brave trade.
Gone to a better place
  • #309,678
  • Apr 25, 2012 6:01am Apr 25, 2012 6:01am
Quoting nAVIN2007
would be difficult this week to achieve a new high, just wont make sense, but in forex u should never bloody know
Don't lose too much heart bro, I have seen lots of candles not make typical sense this month such as heavy bearish momentum overcome very quickly. Massaging leg right now so sorry of can't respond later when doing back...
Come with me if you want to live....
  • #309,679
  • Apr 25, 2012 6:01am Apr 25, 2012 6:01am
Quoting smikester
Good day to you too, Tau. To be honest I would if he had anything of value to contribute to the thread. But, apparently, personal abuse is all he's good at. Back on ignore.

About your long. I see this 1.61 - 1.6088 as a support level and it was strong resistance at 8th Nov. 2011, but still a brave trade.
Yip - I know.... especially after the strong bearish bar. Will see....


Regards to you
  • #309,680
  • Apr 25, 2012 6:14am Apr 25, 2012 6:14am
I was doing some research this morning into the UK GDP figures historically, and January 25th 2011 caught my eye. Terrible figures. Dropped a load of pips on the day, then started trundling back up on the 26th January. Guess what was on 26th? FOMC statement. That would have been the big QE statement? If anyone can remember.
Gone to a better place
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