Cable Update (GBPUSD)

Yes I reckon it's a false dawn and all the worlds banks being bankrupted isnt something that will go way in a few months. I did my accountancy training in the late 70's when inflation was rampant - the new inventory costs so much that companies go bust from cash flow before they can sell the inventory. If we get back into that stuff it will be worse and worse.

Luckily my pension is guaranteed 100% by the UK gov as are all pensions in payment. Jeez I feel so lucky - that assumes the GBP will be worth something of course and the gov doesnt inflate themselves out of their liabilities - they must be tempted

Hope I dont die before I see how it all works out - quite fascinating really

I have a MT4 question---once you put all the lines and stuff on your chart, can you make your chart read only or something?

Well what is happening is that when I am moving my chart sideways I accidentally move my s/r lines up or down. that is v annoying. Any ideas?

Disable it by not highlighting the object, that's all.

I got you, thank you!

So I saved this as a template and then closed and reopened it, that pretty much fixed it!

the market opened at 16329.

i got 1.6320 5pm est

I doubt much action untill LO as Japan bank holiday today

Predictions?

probably almost no action.
My guess is it will go down a bit

What time can you start trading the market with FXPro on a Sunday?

Never ever forecast the direction of the market. Just stand calmly by and follow where ever it goes.

Morning guys,

Still taking the EUR and Cable South Bound. EUR needs to take 1.4160 and Cable needs to take out 1.6400/20. For me to look at considering a direction change.

Later Guys

London / US session

Long entry @ 1.6350, SL @ 1.6297.

bit early.

Another good news for US economy?

Sun Jul 19, 12:01 pm ET
WASHINGTON (Reuters) – Second-quarter U.S. gross domestic product figures are likely to be better than the first quarter, showing some signs of improvements in the economy, White House Budget Director Peter Orszag said on Sunday.
First quarter GDP, which measures total output within U.S. borders, contracted slightly less at a 5.5 percent annual rate instead of the previously reported 5.7 percent, the U.S. Commerce Department said on June 25.
"The second quarter GDP numbers, even though they're likely to still show a decline, are likely to look a lot better than the first quarter, which is a sign of progress," Orszag told CNN.
"Mixed messages are part of what happens during these kinds of periods, where a sense of free fall's over, but we're not yet at point of sustained growth," he added.
Orszag said the feeling of fear and panic in financial markets had dissipated and the White House was focused on job growth, consumption and net exports, all key drivers of economic activity.
While there are some signs of progress, Orszag cautioned it was going to take time for the U.S. economy to recover, especially with unemployment expected to rise further.
"You can't go from job losses of 700,000 a month, which was what was happening in the months leading up to January, to job growth like that, you know, just instantaneously," Orszag told Fox. "It's going to take some time to work our way of this," he added.
Asked about Federal Reserve estimates of 9.5 to 9.8 percent for U.S. unemployment in 2010, Orszag said: "It's going to take time to work our way out of this. I'm not disputing that."
(Reporting by Lesley Wroughton, additional reporting by Vicki Allen; Editing by Sandra Maler)

Very slow, but uptrend vaguely kinda.


Full time for the end of the week ( forced LOL ) YES ( if it goes to plan, odds on success kinda low LOL )

Good morning ladies and lada's

Jack and Jill have given their verdict, we go north for 1.6383 first target

Here is a link I found quite hilarious :nerd:

http://forums.plentyoffish.com/datingPosts11198655.aspx



PS# I just wanted to see if you can modify this post also