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Cable Update (GBPUSD)

  • #111,881
  • Jan 15, 2009 11:13am Jan 15, 2009 11:13am
look at your o/n libor rate and illiquidity in credit markets. Institutions are still buying dollars and placing majority in t-bonds if you can believe that. 2% 5 yr are you kidding me how stupid can you be. That is easily made in forex
  • #111,882
  • Jan 15, 2009 11:14am Jan 15, 2009 11:14am
Quoting Professor4x
First and formost historically currency have been trading on interest rate differentials. Since usa is rock bottom and euro with gbp have a bit of room it seems to me that the rates cant go lower. Second reason is if you look at your monthly and weekly chart on stoc's they are both oversold and even though no trade signal issued yet becasue current market price has not crossed over simple moving average price to trigger. We feel that once the daily round trips this time and issues trade signal you will see a chain reaction of triggers. Also if you...
thank you. makes a lot of sense.
  • #111,883
  • Jan 15, 2009 11:14am Jan 15, 2009 11:14am
Quoting Infinity
Lol! you obviously haven't been trading long.... That can happen in a day or two...
Hi there Infinity. Did you take a short on the H1 62 ema. I have , but I hope that I didnt spook it ( all that I touch doesnt turn into gold)
  • #111,884
  • Jan 15, 2009 11:15am Jan 15, 2009 11:15am
Quoting Professor4x
It would most likely take 2-4 months. But its the trend that makes you most money once you recognize it.
However, I got a strong level at 1.5037 which it matches with a down trendline coming from september. That would also explain the channel formation and its direction.
I'm just thinking a loud here
  • #111,885
  • Jan 15, 2009 11:15am Jan 15, 2009 11:15am
Quoting Professor4x
in day or two on gbp/usd. Never happened in history. Not even gbp/jpy that is king of volitality has achieved that but i have seen here go down about 1000 in 1 day.
Most things that can happen, will.
Patience + Discipline - Greed = Success
  • #111,886
  • Jan 15, 2009 11:18am Jan 15, 2009 11:18am
since i have my signals automated now have time for chat rooms. Fx Hybrid is coming fast and its working great. Now have to get over boredom so enteraing myself with you good people for a bit.
  • #111,887
  • Jan 15, 2009 11:18am Jan 15, 2009 11:18am
Quoting Chris_35
Hi there Infinity. Did you take a short on the H1 62 ema. I have , but I hope that I didnt spook it ( all that I touch doesnt turn into gold)
I am not in anything right now.. and I might not be for the rest of the day. I want to see this pair clear the inside bar on the h4 before entering a trade.
Patience + Discipline - Greed = Success
  • #111,888
  • Jan 15, 2009 11:19am Jan 15, 2009 11:19am
in this market always expect the unexpected and play defense that is key for capital preservation first rule of trading.
  • #111,889
  • Jan 15, 2009 11:20am Jan 15, 2009 11:20am
Quoting Professor4x
since i have my signals automated now have time for chat rooms. Fx Hybrid is coming fast and its working great. Now have to get over boredom so enteraing myself with you good people for a bit.
Can you sell me your system ?
  • #111,890
  • Jan 15, 2009 11:20am Jan 15, 2009 11:20am
Quoting Alison
Many thanks Eohater. Your capacity to give is immense. Thank you doesn't seem enough.

Was prompted to join having just watched a one minute candle (16.59 gmt) close below 14600. Which meant that every candle up to 60 min closed below what I understand to be an important psych level. On the hour. Noticed this and was curious. Seems to say 'no more up just yet'.

Any thoughts?
At the moment, I'm watching to see how we play out with today's high. I'm on the same page as Infinity. I'll be looking for a short around today's high and long around today's low atm. This will all change once we get out of the US Session though.
Just digging in the trenches like everyone else!
  • #111,891
  • Jan 15, 2009 11:21am Jan 15, 2009 11:21am
Quoting Infinity
Lol! you obviously haven't been trading long.... That can happen in a day or two...


Ok Ok Ok
In a day or two
I'm actually a beginner but...
Anyway, in this market can everything can happen.
So whatever, I'm just playing with the trend
  • #111,892
  • Jan 15, 2009 11:21am Jan 15, 2009 11:21am
Quoting Chris_35
Hi there Infinity. Did you take a short on the H1 62 ema. I have , but I hope that I didnt spook it ( all that I touch doesnt turn into gold)
She was too congested to take the short without PA confirmation.
Just digging in the trenches like everyone else!
  • #111,893
  • Jan 15, 2009 11:23am Jan 15, 2009 11:23am
Quoting Professor4x
look at your o/n libor rate and illiquidity in credit markets. Institutions are still buying dollars and placing majority in t-bonds if you can believe that. 2% 5 yr are you kidding me how stupid can you be. That is easily made in forex
The illiquidity still has a long way to run, as the deleveraging is far from complete (look at the mess the financials are still in, as they remain weighed down with toxic assets - both in the eurozone, UK and the US) and will continue in its current form so long as home prices in the US continue to fall. However, a large chunk of the deleveraging emanating from hedge funds has now run its course.

There also needs to be a huge rebalancing in the balance sheets of consumers in the UK and US, with an increased emphasis on savings. This simply has to happen, as the debt built up in the past decade is unsustainable. This is another form of deleveraging, which will likely dampen global growth for many years to come, irrespective of the boldest policy action.
  • #111,894
  • Jan 15, 2009 11:23am Jan 15, 2009 11:23am
System with trade alerts are free on line just need to download mt4 and i will send you read only user and pass. Make money everyday. It's all free because i am proud of it and dont' need the money. Plus have a couple hugh companies interested in partnering with me. It helps with trade alerts and we will not sell it promise. It's not for sale.
  • #111,895
  • Jan 15, 2009 11:23am Jan 15, 2009 11:23am
Quoting eohater
She was too congested to take the short without PA confirmation.
exactly bro! m15 did'nt agree either...
Patience + Discipline - Greed = Success
  • #111,896
  • Jan 15, 2009 11:25am Jan 15, 2009 11:25am
Quoting Infinity
exactly bro! m15 did'nt agree either...
I was considering long at 4630, but I had just sat down at my desk from lunch.
Just digging in the trenches like everyone else!
  • #111,897
  • Jan 15, 2009 11:26am Jan 15, 2009 11:26am
housing accounts for 85% of consumer spending so with housing down so goes gdp and production causing the domino effect. With you 100% so thank god for forex because we are immuned to it. My only concern is that bank holding my funds and if they stay solvent.
  • #111,898
  • Jan 15, 2009 11:26am Jan 15, 2009 11:26am
Quoting tradeinstant

Ok Ok Ok
In a day or two
I'm actually a beginner but...
Anyway, in this market can everything can happen.
So whatever, I'm just playing with the trend
Look at the week of October 20 last year... just to name one..
Patience + Discipline - Greed = Success
  • #111,899
  • Jan 15, 2009 11:29am Jan 15, 2009 11:29am
Quoting Professor4x
housing accounts for 85% of consumer spending so with housing down so goes gdp and production causing the domino effect. With you 100% so thank god for forex because we are immuned to it. My only concern is that bank holding my funds and if they stay solvent.
That's why I don't leave my money in the bank. The FDIC insurance policy has upto 20 years to pay your back in the event of a claim. My money is safer at home with me in a safe and in my safety deposit box.
Just digging in the trenches like everyone else!
  • #111,900
  • Jan 15, 2009 11:30am Jan 15, 2009 11:30am
Quoting Professor4x
housing accounts for 85% of consumer spending so with housing down so goes gdp and production causing the domino effect. With you 100% so thank god for forex because we are immuned to it. My only concern is that bank holding my funds and if they stay solvent.
Yes I have the same problem - government only guarantees 250,000 per bank , so i spend all my time opening new accounts
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