Cable Update (GBPUSD)

aarrrrhhhhh, yet so close, but so far away, 30 odd pips to go.

And It's very near the S3 pivot point of the day also!

i agree lol ...... sorry could not resist

lol, panda says stay in the trunk & he'll take you there

Holler SHAWTY!!!

Ma man,dips are for burritos, for chicken dinner only mojo is good enough....LOL

Well done bro, enjoy it!

P.S. you must be hungry now, you may now step out of that car...LOL

hey there traders.. i like this chart wormboy.

whats goin on on the floor...?

1. the change of trend in trading?
what i means is: there is a possibility that the equity market to skyrocket.
however, the currency market is reversed in trend whereby for so long traders has been using high yielding currencies to profit previously, and now not so

long. noticing the change of favor in currency, starting on August 7 2009, people are buying the dollar in the first place.

stock has been assessed to be overvalued, therefore, the man in the game is now selling those stock
. however this can be determined hypothetically by 2 options, null and alternate.

alternate is: when the dollar strong, the stock go up
Null is : when dollar strong, the stock tumble

these action is primarily refering to the report of U.S NFP on August 7 2009 whereby the result came out better than expected. these however, contrary to

the saying of Ben Bernanke the Governor of Federal Reserve bank ; U.S resident will be losing job up to 10% until 2010. (he's damn playing with words and just got me)
As it is proved the statement was false, investors and most traders (even speculators) have decided to seek for US dollar in and to reject other currencies.

dollar may take place again sometime this year as it is forecasted the Equity market will drop due to over value and the rumour that El Nino is coming to

destroy the commodity.(what!! destroy??..haaa cudnt find another word) El Nino disaster create ripple effect to the stock market as bad weather result the

favor for stock to slide and stock preference to decline in value.panic usually cured by safe haven.

These sentiment is supported by the decision of Bank of England buying additional treasuries 50 billion pound sterling. directly showing the plan of Mervin

A. King to solve the Queen countries economy.
it shows that Englands economy is very weak and vulnerable to deflation.
this is not good for the pound however.weak pound and strong dollar again.

about mr trichet, he seems refusing to make up the QE action, for how it seems that Euro really need that bail as per the behind the economic scene. so in

the medium coming term as i'd say, euro is going dive again.

there is this forecast that controversy will lead to some division of currency pairs as to be favored.
as for instant, the commodity currency like CAD is likely to hustle against dollar as the oil price is still there to stand tall. the Crosses as well will

likey affected as Yen is gaining power based on its fundamental ,plus emerging currency traders that transfers financing the higher yielding currency to Yen

instead of dollar.

i have this feeling that currency market will somehow be at the same condition as in the mid 2008 where dollar is the big fish on the table.nice to

grab.while others making new lows

just so everyone kno, this is just my opinion,mean no harm.think i cud share with.CORRECT ME please.
so what do you think? or or or..no no no no.. what just happened ws a correction since dollar has BOTTOMED? !@#$%^ damn i'm baddd..and i'm going short again..

shawty is cool like the fire
cool like fire
http://www.forexfactory.com/showpost...stcount=156518

step out of that car? not today gm lol
how's your day coming bro

http://www.forexfactory.com/showpost...stcount=145328

1.7000 it was....

SL moved tu 1.6458. An other 20 pips and 1.6415 will be reached!!

try this on for size ..... equity market about to tank and last 1000 pip move in dj based on fumes was sucker rally.... earnings beating eps expected , wheras look at revenues that are down 30 - 80% year over year , the companies that had 80 % down on revnues may not be here this time next year

housing foreclosures at 80,000 per month 200 k morgtage is 300 billion losses to banks and thet is being generous . .. yet they are all reporting profit . IT IS LAW IN THE US THAT ONCE DEBT TO EQUITY RATIO GETS TO A CERTIAN LEVEL FDIC HAVE TO TAKE OVER BANK . FDIC are not doing this on some banks as there is rumour they are broke !!!! colonial bank next one then BOA....

equity market is cooked ..... by spring of next year we could well see a test of the lows

from where do you think Long will be safe???

Ub

LOL...Aha, Aha, Aha, Cool stuff....LOL

me...started the day flat...but couldn't resist the break of 1.6550 surfed it along down to1.6480 for a "quick scalp" ...I know, I know only 70 pips...

did you not see my hungry panda?
no longs are safe


lol, stay out ub. you do not want to pick it now when there is absolutely no reversal in sight. maybe tomorrow who knows.

nice job bro. green pips matters
I made a kajillion pips today *click*

thanks bro...you got it...

now is that a kaji...with a K....?.....

wednesday - the market will be amazed to learn that US interest rates are not going up

that should be fun

listen there is something out there about Colonial Banks on wires .... they may go down as early as Wednesday this week ... 6th largest banks in American history. This is noto n main stream ....you have to do google search and alot of the news items that i have found before have been deleted / withdrawn ...talk about cover up.

cit ..... they wanted 3 bill by miod august otherwise they will file for chapter 11

Berkshire Hathaway downgraded today

Fannai mae lost 15 billion ... off to fed for 11 bill hand out.

I am only taking shorts , longs to much like high risk . If the Colonial news hits wires gu will gap down 200 pips ... and stops will be of no use.

who said they would be .. the fed fund futures is not factoring this in .

This down move could be due to other things .....

also US has to increase value of USD somehow so that their buddies China can get out of the 30 trillion in bonds they bought to cover us debt. As the US changes monetary policy for their buddy China to be able to sell bonds for nice fat profit China in return gives them a nice little ' gift ' of waiving 3 trillion or more in debt . Pure speculation by me of course.

welp, good thing some of the things discussed came early.

1. http://www.forexfactory.com/showpost...stcount=156340

2. http://www.forexfactory.com/showpost...stcount=156664

Got that evening star & the 6400 mentioned to malcolm today. Would rather take it this Friday tbh, hopefully we close this way.
Catch you guys tomorrow. Good luck

Sideways between 1.6448 - 1.6435. If 35 broken, we'll go straight to 1.6415. From 1.6467, 10 pips garantied if i'm wrong. If correct, 52 pips won. Let's follow.