Cable Update (GBPUSD)

Good to hear my friend, find your signature.

My pic stands for "Happiness" "Wealth" "Health" "Strength" (four chinese letters).

My Signature well, just love that saying, its Latin by the way.

I can see the twinkle in bb's eyes when you mentioned B-E-E-R

Trying to teach people how to trade FX with proper risk management

*click*

Folks,

Fate of pound has been decided. It's only going to go UP.

All traders who are not confident of direction should only buy on dips.

Reason for my fundamental analysis is very simple.

Look at the bigger picture:

1. What happened: Stock market crashed when dollar was almost 2:1.

2. Why it happened: Some people with big pockets became greedy shorted the shares in companies/banks etc they have insight into.

3. Where we are: Despite all the mess govt put in billions to sort the mess out.

4. So why we are NOT where we were in 2007?? Big questions?

Answer because of point no 2 (ABOVE). Shorting the share of companies made them vulnerable to shareholders and they demanded returns from companies or they were ready to sell their shares for peanuts and companies had no option left apart from cutting costs, stopping projects, making people redundant etc.


Do you think after all the mess and govt pouring billions they will allow this to happen again, NO.

Banks are making profit, govt has given them lifeline by doing QE. The only thing we have is lack of jobs. Banks are still hesitating to finance companies. That's why economy is not moving quick enough. Else we have all the money in the world with banks.

Fate is decided for the pound and it will only go UP. News cannot dent pound's fortune more than 200-300 pips. If govt put some money in it will devalue pound against the dollar a bit but soon will go back UP as banks will have more money to lend. On the contrary US will also do the same. Hence it can only go UP. Do not short, only buy on dips.


Look at the HISTORICAL charts I am posting below to see when to short and how well banks respect fibs.

Hope to help you in growing your account and nothing else.

You cant click me wormboy, I`ll be here forever.

You got it in one mate

BOOM 8 to 10 pip take profit hit. I just doubled my account, see how easy that was.

that's one hellava break dancing bear for 10 pips....lol...I guess his account was matched by one of the brokers.....

it's an honor to be part of that hall of shame

yah, first time for me, to see Big Wave Rider & cesarnc here.

I know. The happy button does not work on your puny 10 pips. It needs 1000 pips a day onwards to work

Sh*t, with all the reports coming out this afternoon, dangerous territory...

Sit back, relax, watch and enjoy a nice Thursday afternoon beer..

lol is it friday already

I wish..... , as much as i love beer, I play by a very strict policy Bro.

With just a cold one, you may even see things differently on the market... who knows ...

We used to rock this thread a few years ago.

how you doing bro...??? can you predict when MPC news came out in 17 min...???? up or down ??? how many pips..???

you obviously don't know how I roll on Fridays.

My pleasure Chris. I'm honoured.

http://i2.photobucket.com/albums/y28/cesarnc/jolie2.jpg

http://i2.photobucket.com/albums/y28...miley_rock.gif