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Cable Update (GBPUSD)

  • #53,521
  • Feb 13, 2008 4:26pm Feb 13, 2008 4:26pm
Quoting acidguy
why is the only economic elite who wants to destroy the currency

even king when he is aware of all the problems his economy faces, he still keep pumping up the currency, Trichet the most superbullish, the RBA supports the currency, New Zealand banks says the kiwi will fight inflation.

what the hell happens with Bernanke?????
its because Bernake is a puppet to Wall Street.
All he is good for is bailing out his friends on Wall Street. A
All his life he has studied the printing of money and now he is running the printing presses on hot steam in the US.
Trading is 80% Emotional, 20% Technical
  • #53,522
  • Feb 13, 2008 4:52pm Feb 13, 2008 4:52pm
i want to ask what u think the near term trend is? because i currently shorted gbp/usd and im having second thoughts.
so any help would be appreciated.
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #53,523
  • Feb 13, 2008 5:06pm Feb 13, 2008 5:06pm
Quoting acidguy
why is the only economic elite who wants to destroy the currency

even king when he is aware of all the problems his economy faces, he still keep pumping up the currency, Trichet the most superbullish, the RBA supports the currency, New Zealand banks says the kiwi will fight inflation.

what the hell happens with Bernanke?????
too be perfect honest,,,, Fed may in the MT future,rise the rate, IMO
the fact is take all the ex rate and other elements,,,, US does poise itself better than all other european or commodity country.
why, just check the gas price and food price in US, and compare to european... Things are cheap there!
recession is not a big issue. because it is already out of Fed's hand. what Fed care about is the money inflow and outflow in US. And its global financial position.
keep ur eyes open for tomorrow!
  • #53,524
  • Feb 13, 2008 5:08pm Feb 13, 2008 5:08pm
Quoting fx local
Why the hell should it be good for Dollar?

does he plan to raise the fed funds rate? NO,

is he going to stop printing money and throwing it out of helicopters? No..

the man is crazy and should resign, all he good for is bailing out his friends on Wall street and making the dollar a flawed currency.
You talk as if you are the next FED Chairman..

Listen no one knows what will happen.. but by looking at current reports and all, US is coming in direction to stabilize
  • #53,525
  • Feb 13, 2008 5:29pm Feb 13, 2008 5:29pm
Quoting jacobtrader
You talk as if you are the next FED Chairman..

Listen no one knows what will happen.. but by looking at current reports and all, US is coming in direction to stabilize
LOL! just saying how it is!

If the US was to stabilize there would be no stimulus package,

their housing is in more than a recession(no bottom at present), auto sector is more of a recession, financials are in more of a recession all bubbles caused by federal reserve policy. simple economics my friend! lowering interest rates, increases the money supply (real inflation up) ULTIMATELY MEANING the dollar shall weaken.
Trading is 80% Emotional, 20% Technical
  • #53,526
  • Feb 13, 2008 5:29pm Feb 13, 2008 5:29pm
Quoting jacobtrader
You talk as if you are the next FED Chairman..

Listen no one knows what will happen.. but by looking at current reports and all, US is coming in direction to stabilize
Go ahead sell GBP now against the $ and you will cry later! Joke3x!

Common guys trade with what you see not what you think I saw 1.97 level b4 1.95-1.94......just my 2 cents!
  • #53,527
  • Feb 13, 2008 5:41pm Feb 13, 2008 5:41pm
Quoting 4x_Trader
Go ahead sell GBP now against the $ and you will cry later! Joke3x!

Common guys trade with what you see not what you think I saw 1.97 level b4 1.95-1.94......just my 2 cents!
i would sell if there is a close on the daily chart below 1.9400 or if price rises near to 2.00 level. double formation is clear and could well be confirmed over next few days

jacobtrader has been calling short to 1.9350 area for last few days even today looking for short! fair play to sticking with idea and not giving in but ithink buying dips until close below 1.9400 is good option.. my 2pence!
Trading is 80% Emotional, 20% Technical
  • #53,528
  • Feb 13, 2008 5:46pm Feb 13, 2008 5:46pm
History lesson, The feds job is to keep intrest payments flowing to the elite's as is every central bank, they just have tools called inflation deflation to adjust the parameters to keep it flowing.

watch http://video.google.com/videoplay?do...84583209015812
"Millionaires don't use astrology, billionaires do"
  • #53,529
  • Feb 13, 2008 5:57pm Feb 13, 2008 5:57pm
good video interesting stuff
Trading is 80% Emotional, 20% Technical
  • #53,530
  • Feb 13, 2008 6:55pm Feb 13, 2008 6:55pm
Quoting jacobtrader
He will help the Dollar.. He will be happy tommorrow.. He would want to go home quickly and spend Valentine with his wife : .. Jokes Apart....

But he should be good for the Dollar..
is this the only word you know, SHORT.
If I Go Broke Trying Then I Will die happy.
  • #53,531
  • Feb 13, 2008 6:57pm Feb 13, 2008 6:57pm
Quoting 4x_Trader
I dont see any funny about that it will only add insult to injury to our brothers here in FF who unfortunately blown out their trading account! Let us motivate them to accept the reality and help them to have a courage and ability to come back!

Thank you...
  • #53,532
  • Feb 13, 2008 7:22pm Feb 13, 2008 7:22pm
Quote
jacobtrader http://www.forexfactory.com/images/buttons/viewpost.gif
He will help the Dollar.. He will be happy tommorrow.. He would want to go home quickly and spend Valentine with his wife : .. Jokes Apart....

But he should be good for the Dollar..



Quoting Moe
is this the only word you know, SHORT.
looks like that, he doesnt even have any short positions....... how can he???...lol!!!!!!


  • #53,533
  • Feb 13, 2008 7:34pm Feb 13, 2008 7:34pm
i am short in g.u from 9644and sure will see 9550 in hours
  • #53,534
  • Feb 13, 2008 8:39pm Feb 13, 2008 8:39pm
Quoting jimo
i am short in g.u from 9644and sure will see 9550 in hours

you dont care to say why you are sure, you are just sure?

This is a forex forum, so its good to talk about these things, just being sure doen't cut it in my opinion. You would have probably been better off not posting anything.
  • #53,535
  • Feb 13, 2008 8:51pm Feb 13, 2008 8:51pm
man im just worried GB reacts like it did in 2004 and 2005 lol im so paranoid
can anyone reassure me it wont
And your mouth dropped
  • #53,536
  • Feb 13, 2008 9:12pm Feb 13, 2008 9:12pm
Quoting makey2u
man im just worried GB reacts like it did in 2004 and 2005 lol im so paranoid
can anyone reassure me it wont
may i ask you....
what make you paranoid in 2004 & 2005?
i haven't trade that long....
as far as i see, cable made a long range in that time...
thanks.
Never Give Up.....
  • #53,537
  • Feb 13, 2008 10:43pm Feb 13, 2008 10:43pm
Quoting lessy
may i ask you....
what make you paranoid in 2004 & 2005?
i haven't trade that long....
as far as i see, cable made a long range in that time...
thanks.
i lost alot dough back in the day... it would only range 100 pips a day... now adays its doing a nice 200 whichh is very very nice...
And your mouth dropped
  • #53,538
  • Feb 13, 2008 11:00pm Feb 13, 2008 11:00pm
Quoting makey2u
i lost alot dough back in the day... it would only range 100 pips a day... now adays its doing a nice 200 whichh is very very nice...
i see......
it happens to me this month.... cable beat me hard with the range...
it reminds me that i have to learn much more then....
wish you luck.....
Never Give Up.....
  • #53,539
  • Feb 13, 2008 11:32pm Feb 13, 2008 11:32pm
thanks dude.. i just need her to trend and range while she does that..
And your mouth dropped
  • #53,540
  • Feb 13, 2008 11:53pm Feb 13, 2008 11:53pm
Quoting makey2u
thanks dude.. i just need her to trend and range while she does that..
you're welcome....
that's the thread are for....
i've learn more from this thread...
especially after i lost...
Never Give Up.....
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