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Cable Update (GBPUSD)

  • #164,221
  • Sep 8, 2009 4:26pm Sep 8, 2009 4:26pm
Quoting alex1976
wormboy, daily's still saying up to me.

Although we are at a lot of resistance.
Look again. The daily I attached is not the cable daily.
Thanks for the concern tho, but I am trading with the trend. The trend is still down.
Good luck
Thank You
  • #164,222
  • Sep 8, 2009 4:28pm Sep 8, 2009 4:28pm
Quoting Faryad
whats the target wormie 5300
Absolutely.
Unless if price close above 6600 of course. I've been saying the same thing since June. Nothing's changed lol.
Okay, laters.
Thank You
  • #164,223
  • Sep 8, 2009 4:57pm Sep 8, 2009 4:57pm
Quoting KillPhil08
To the pip . Plus 18 atm, got a little competition running with my friends. ETX gives you a free £100 (which you cannot withdraw) for opening up. Have 8 of us, mine is £147 [in a day], lets trail my stop on red thrust candles, 50% stop at 85 50% stop at 145.

Got so many more op's to short today i think, I won't mind getting out for profit.

die cable die...
If anyone is interested in the etx offer is www.etxcapital.co.uk.
  • #164,224
  • Sep 8, 2009 5:03pm Sep 8, 2009 5:03pm
Morning guys,

Quoting Bull_Bear
Time to short this bitch... 1.6552 SL 1.6640... TP 1.6470
+59 pips

long @ 1.6493... SL 1.6420... TP 1.6680

Quoting Bull_Bear
sell Dragon 152.50... SL 1.5340....Tp open for now

Moon and sun all aligned now lol
+ 19pips

long @ 1.5230.... SL 1.51.40.... TP 154.30

Quoting Bull_Bear
Short EUR 1.4500 ... SL 1.4560.... 1.4390
Closed @ 1.4490 +10pips
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #164,225
  • Sep 8, 2009 5:30pm Sep 8, 2009 5:30pm
that is true. but tonight it is going to 6580-6600.

Quoting wormboy
Absolutely.
Unless if price close above 6600 of course. I've been saying the same thing since June. Nothing's changed lol.
Okay, laters.
Its all in the mind.
  • #164,226
  • Sep 8, 2009 6:00pm Sep 8, 2009 6:00pm
this guy predicted the global financial crisis news out frdiay 4th sept

U.S. Dollar Will Weaken, Currency Crash Possible, Roubini Says
By Sonia Sirletti and Jeffrey Donovan
http://www.bloomberg.com/apps/data?p...d=ix4SuWGd1BSY

Sept. 4 (Bloomberg) -- The dollar will weaken and the U.S. risks seeing a crash of the currency unless it does more to control the deficit and reduce debt, said New York University Professor Nouriel Roubini, who predicted the financial crisis.
“If markets were to believe, and I’m not saying it’s likely, that inflation is going to be the route that the U.S. is going to take to resolve this problem, then you could have a crash of the value of the dollar,” Roubini said in an interview today in Cernobbio, Italy. “The value of the dollar over time has to fall on a trade-weighted basis, but not necessarily relative to euro and yen.”
Roubini said he didn’t see a risk of a dollar crash in the “‘short term.” The value of the U.S. currency relative to currencies such as the yen or the euro “cannot change too much compared to current levels because if the dollar were to weaken a lot and the euro strengthen a lot, that’s going to warp any chance for the European economy to recover, same argument as to the yen,” he said.
“Most of the adjustment of the dollar in the future has to occur relative to China, relative to emerging Asia and relative to some of the other commodity exporters in the world, whether these are advanced economies or emerging markets,” he said.
Foreign creditors need assurances that the U.S. will address its deficit, Roubini said.
“Unless in the medium term these issues of fiscal sustainability are addressed, and unless we mop up that excess liquidity from the financial system, eventually the financial markets and the foreign creditors of the United States might get more concerned about the sustainability of the U.S. fiscal deficit and about the U.S. being tempted to use the inflation tax as a way of resolving its private and public debt problems,” he said.



  • #164,227
  • Sep 8, 2009 8:10pm Sep 8, 2009 8:10pm
LONG GU 1st TP 1.6575
  • #164,228
  • Sep 8, 2009 9:06pm Sep 8, 2009 9:06pm
GbpUsd H&SH
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.gif Size: 31 KB
  • #164,229
  • Sep 8, 2009 9:18pm Sep 8, 2009 9:18pm
Quoting Mohammad
GbpUsd H&SH

i like that a lot
Thank you Malcolm, Belekas, Jim, raczekfx and Ryanmcd !
  • #164,230
  • Sep 8, 2009 9:23pm Sep 8, 2009 9:23pm
Quoting Mohammad
GbpUsd H&SH
hi mohammad can you explain your chart? i'm a newbie would like to know your plan.
thanks
  • #164,231
  • Sep 8, 2009 9:54pm Sep 8, 2009 9:54pm
daily pivots have this thing up. i think it rises before it falls. this could be a mild pullback. head and shoulders will take some time to play out.
  • #164,232
  • Sep 9, 2009 12:07am Sep 9, 2009 12:07am
Gonna sit back and wait for the trend to show. If G/U break yesterday's high, and hopefully followed by E/U and A/U, both also breaking yesterday's high...it'll be up north for the 3 musketeers. (or vice versa)

This is a caveman's analysis
  • #164,233
  • Sep 9, 2009 12:10am Sep 9, 2009 12:10am
good morning everyone, let's make some pip's
  • #164,234
  • Sep 9, 2009 12:41am Sep 9, 2009 12:41am
For all who is thinking about USD collapse have a look at this dollar indexxx graph.

yesterdays volume was the largest single day volume since june 2008 and price failed to close below previous low. Ive looked at the past and usually direction reverses (or nice pullback to a trend occurs) after big volume spikes like this one.
Attached Image (click to enlarge)
Click to Enlarge Name: dollarindex.jpg Size: 68 KB
  • #164,235
  • Sep 9, 2009 12:45am Sep 9, 2009 12:45am
Quoting lexazver
For all who is thinking about USD collapse have a look at this dollar indexxx graph.

yesterdays volume was the largest single day volume since june 2008 and price failed to close below previous low. Ive looked at the past and usually direction reverses (or nice pullback to a trend occurs) after big volume spikes like this one.
You are probably right, but there is huge ammount of capital in crude and gold and this is pushing usd down, dollar index has to show some strong bull movement for buyers to get back in.
I am back. Actually, I never left...
  • #164,236
  • Sep 9, 2009 12:48am Sep 9, 2009 12:48am
Good MAE Everyone...
Ghost Rider - WWTBMD?
  • #164,237
  • Sep 9, 2009 12:57am Sep 9, 2009 12:57am
Quoting taragula
You are probably right, but there is huge ammount of capital in crude and gold and this is pushing usd down, dollar index has to show some strong bull movement for buyers to get back in.
Would like to add a bit to the quote above, that with the recent slump in the US economy, the US will definitely want to be weaker against other currencies to boost her exports. So, I guess it's about how weak the US is going to be, slightly disregarding the actual fundamental of Gbp/ Euro/ Aud.
  • #164,238
  • Sep 9, 2009 1:04am Sep 9, 2009 1:04am
Quoting Pipster888
this guy predicted the global financial crisis news out frdiay 4th sept

U.S. Dollar Will Weaken, Currency Crash Possible, Roubini Says
...
Thank, it is a good news for my hold long ! To confirm goes more up H1/H4 should clear 1.6570 first !
Attached Image (click to enlarge)
Click to Enlarge Name: 90909.gif Size: 56 KB
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #164,239
  • Sep 9, 2009 1:14am Sep 9, 2009 1:14am
Quoting taragula
You are probably right, but there is huge ammount of capital in crude and gold and this is pushing usd down, dollar index has to show some strong bull movement for buyers to get back in.

not necesserily. gold daily printed very bearish candle on some high volume yesterday. I take all these moves as upthrusts downthrusts and everything will reverse by the end of the week. If not ...well then im wrong but ill have to wait till the end of the week to see whats going ooon.
  • #164,240
  • Sep 9, 2009 1:34am Sep 9, 2009 1:34am
Quoting lexazver
not necesserily. gold daily printed very bearish candle on some high volume yesterday. I take all these moves as upthrusts downthrusts and everything will reverse by the end of the week. If not ...well then im wrong but ill have to wait till the end of the week to see whats going ooon.
good job. i think we have seen the high of today on both GU and GJ imho
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