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Cable Update (GBPUSD)

  • #66,781
  • May 20, 2008 1:42pm May 20, 2008 1:42pm
Quoting notme32
ah ha................ got it........

oh but i like to see 1.9180
seems a bit far now especially with those inflation numbers
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #66,782
  • May 20, 2008 1:55pm May 20, 2008 1:55pm
Quoting Carrera
Exactly, 100% agree.
thanks u .. and i like ur way in analysis ... i would like to add u as my friend list
  • #66,783
  • May 20, 2008 1:58pm May 20, 2008 1:58pm
more nice pictures support shorting
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  • #66,784
  • May 20, 2008 2:00pm May 20, 2008 2:00pm
Yea Warta got a pin bar on daily, too .
Linear line mentioned above is under attach ,lol
Attached just one possiblity.

Quoting warta
agree bones , as we have a pin barr and a triple bottom pattern so we will

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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #66,785
  • May 20, 2008 2:22pm May 20, 2008 2:22pm
UK finance minister Alistair Darling is on the wires this afternoon addressing a number of issues including corporate taxes and rising inflationary pressures. The minister has been advocating the lowering of corporate tax in an effort to prevent some of the UK"s highest profile companies from fleeing to countries with lower taxes. Darling also went on to comment on the tremendous inflationary pressures that the economy is now facing and has said that he will appeal to the G8 group to work with oil producers to lower oil prices. The finance minister was also critical of the European Union for unnecessarily inflating the cost of food with its agricultural import tariffs at a time when costs are surging. Cable currently trades 1.9675 and is relatively unchanged since the comments. [email protected] /rs
  • #66,786
  • May 20, 2008 2:36pm May 20, 2008 2:36pm
typical i go short and it starts rising ....
  • #66,787
  • May 20, 2008 3:08pm May 20, 2008 3:08pm
Quoting nAVIN2007
typical i go short and it starts rising ....
Yeah.... Exactly what i did..... Looking for a retracement to 1.9600 level. Will go long from there.. AGAIN
  • #66,788
  • May 20, 2008 3:09pm May 20, 2008 3:09pm
Quoting nAVIN2007
typical i go short and it starts rising ....

LOL
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #66,789
  • May 20, 2008 3:20pm May 20, 2008 3:20pm
Quoting nAVIN2007
typical i go short and it starts rising ....
Rarely get huge swings these days, pretty much no point going short on a up day except for on fast up moves that comes to a end quickly, much better going long on pull backs odds wise.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #66,790
  • May 20, 2008 3:29pm May 20, 2008 3:29pm
Quoting DJ4x
Yeah.... Exactly what i did..... Looking for a retracement to 1.9600 level. Will go long from there.. AGAIN
yeah u reading my mind ...only thing is it flipping going up or gone sleep
  • #66,791
  • May 20, 2008 3:31pm May 20, 2008 3:31pm
So far so good on the linear line.
Ok ive been thinking about the PPI numbers that came out of US. No one believes they do not have inflation yet the numbers say they do not have it.
So somehow the numbers are are being played with.
Why would they do this?
Because they want to keep interest rates low. If they have inflation they would need to raise interest rates.
If we know this the banks e.t.c defiantly do .
The rise today dose not come because the pound is strong it is because the dollar is weak.
If we close over 9650 I think we will go higher.
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #66,792
  • May 20, 2008 3:41pm May 20, 2008 3:41pm
The reason the US want low interest rates is because this creates synthetic growth.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #66,793
  • May 20, 2008 3:46pm May 20, 2008 3:46pm
Quoting Bones
The reason the US want low interest rates is because this creates synthetic growth.
loving this from u ..keep it comming bro
  • #66,794
  • May 20, 2008 3:49pm May 20, 2008 3:49pm
The dollar index is moving south
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #66,795
  • May 20, 2008 4:05pm May 20, 2008 4:05pm
Will do Nav my man



Quoting nAVIN2007
loving this from u ..keep it comming bro
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #66,796
  • May 20, 2008 4:07pm May 20, 2008 4:07pm
Quoting deboooo2005
thanks u .. and i like ur way in analysis ... i would like to add u as my friend list
Thank you very much, on my side, I will add you as well in my friend list.
  • #66,797
  • May 20, 2008 4:08pm May 20, 2008 4:08pm
Quoting Bones
The reason the US want low interest rates is because this creates synthetic growth.
there is one more very important reason which is their debt value to other countries is actually less.
trade balance is getting better and better

u c in a normal environment where the world wasnt facing high oil and food prices this mechanism or policy would have gotten them out of their problems
but the fact that inflation is soaring is really screwing up their plans and private agendas

i believe later this year we will witness a very strong and swift hike for dollar to fight the ongoing inflation or else the people wont back down and they will give the FED a piece of their mind.

but yes bones u are right they are tampering with the numbers to be able to act freely with interest rates

it will be interesting to see what the following months will hold for the USA
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #66,798
  • May 20, 2008 4:09pm May 20, 2008 4:09pm
GBP/USD intraday: on the upside Pivot: 1.962

Our preference: Long positions above 1.962 with targets @ 1.972 & 1.975 in extension.

Alternative scenario: Below 1.962 look for further downside with 1.955 & 1.9502 as targets.

Comment: the 1.9520 strong support area should contain any downward attempt before the pair reverses upwards towards 1.9720 and 1.9750 in extension.
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Don't chase the market, Let the market come to you
  • #66,799
  • May 20, 2008 4:09pm May 20, 2008 4:09pm
My prediction is - 12 hours from now will be nasty for those who got in @ 1.9720, as the MPC minutes are likely to confirm they simply put off another rate cut til next time.
  • #66,800
  • May 20, 2008 4:10pm May 20, 2008 4:10pm
Quoting msniper
more nice pictures support shorting
Wow, what a gallery!
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