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Cable Update (GBPUSD)

  • #166,521
  • Sep 17, 2009 6:13am Sep 17, 2009 6:13am
Shorts are still in play.... she's just finding here way. We have bearish flag and she stopped right on1.6560 resistance.

Massive divergence building on the 4h EUR too....
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Veni, Vidi, Vici (We came, we saw, we conquered)
  • #166,522
  • Sep 17, 2009 6:14am Sep 17, 2009 6:14am
Quoting nAVIN2007
im ok bro...i short the some bi*ch again u in any positions brother?
lol...
no I'm flat bro...since yesterday in cable...this is still chopping around and going nowhere...lol
Hear the music before the song is over ...
  • #166,523
  • Sep 17, 2009 6:14am Sep 17, 2009 6:14am
1st # just tapped now lets see if it gonna be 151 or not
not really magic just trendlines lol
  • #166,524
  • Sep 17, 2009 6:15am Sep 17, 2009 6:15am
interesting stuff
and the other end of the spectrum would be...?
Quoting GlobalMacro
But don't forget Wallstreet collapsed induced the unemployment not mainstreet economy itself.
What are we witnessing now is asset price inflation again (does almost 10% rise in equities within 2 weeks sound good?...)...leading eventually to higher employment (hence unemployment notoriously lagging all the time!)...Banks and financial services industry already starting to hire again.
And there we go...we're nearer to the other end of the spectrum....
  • #166,525
  • Sep 17, 2009 6:16am Sep 17, 2009 6:16am
Quoting GlobalMacro
But don't forget Wallstreet collapsed induced the unemployment not mainstreet economy itself.
What are we witnessing now is asset price inflation again (does almost 10% rise in equities within 2 weeks sound good?...)...leading eventually to higher employment (hence unemployment notoriously lagging all the time!)...Banks and financial services industry already starting to hire again.
And there we go...we're nearer to the other end of the spectrum....
i seriously contest that, debate for another day perhaps, got to get back to trading,

check out the chart dow jones from 1929-1932, could well be the arrow is where we are at now....
Attached Image
Trading is 80% Emotional, 20% Technical
  • #166,526
  • Sep 17, 2009 6:16am Sep 17, 2009 6:16am
Quoting fx local
good thanks, jus try and hit monthly targets, keeping it simple, adjusting the size dependent on conviction level of trade,

markets are what they are, just have to adjust your mindset and strategy to them when the price action changes, depends on your timeframe also im a scalper, in and out trades find it easy to adapt

try and keep away from prediction addiction! no one knows the future, sounds abit cliche but just have to pick your spots well, timing the key - you can be intellucally correct but get your timing wrong and you will lose money......
yes i agree 100% i always think that way hence the reason i go in so light, market will do whatever it will do.....exit is everything in my view. which is something i am working on...

and a few stradegies..... its good to hear from u man!
  • #166,527
  • Sep 17, 2009 6:16am Sep 17, 2009 6:16am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
Hey WB,

Looks like JP central bank is taking things into hands. Yen selling across the board.
Lower usd is not good for country like japan.
I might go perhaps 151500 today. I might short there.



Quoting wormboy

check out the dragon h4 too bro. same old same old.

took a rare fibre trade. short hehe
  • #166,528
  • Sep 17, 2009 6:17am Sep 17, 2009 6:17am
Quoting wormboy

check out the dragon h4 too bro. same old same old.

took a rare fibre trade. short hehe
LOL that's new grounds for you mate.
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #166,529
  • Sep 17, 2009 6:17am Sep 17, 2009 6:17am
Quoting GlobalMacro
lol...
no I'm flat bro...since yesterday in cable...this is still chopping around and going nowhere...lol

i hear u man! thats why what im in is a swing trade
  • #166,530
  • Sep 17, 2009 6:18am Sep 17, 2009 6:18am
Quoting fx local
i seriously contest that, debate for another day perhaps, got to get back to trading,

check out the chart dow jones from 1929-1932, could well be the arrow is where we are at now....

Alright...Have a good one...
Hear the music before the song is over ...
  • #166,531
  • Sep 17, 2009 6:18am Sep 17, 2009 6:18am
Quoting GlobalMacro
lol...
no I'm flat bro...since yesterday in cable...this is still chopping around and going nowhere...lol
get ready--this might hang then the US news plummet these things 151 a daily TL on dragon
  • #166,532
  • Sep 17, 2009 6:19am Sep 17, 2009 6:19am
Quoting wormboy

check out the dragon h4 too bro. same old same old.

took a rare fibre trade. short hehe
stil shorting my currency huh...
i here yah bro.....same old same old....seems to be working so far, touch wood

bearish engulf through the 61.8 fibo......
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  • #166,533
  • Sep 17, 2009 6:20am Sep 17, 2009 6:20am
Quoting Fly2
get ready--this might hang then the US news plummet these things 151 a daily TL on dragon
missed by 3 pips
  • #166,534
  • Sep 17, 2009 6:24am Sep 17, 2009 6:24am
Good day to you all,

Price remains stuck between the two 50% lines for the moment. Breakout is imminent. Which way?

I killed my short position @ 1.6496 and had 2 small buys to gain back a bit. Total cost to turn around was -25 pips. Currently in green for this trade, but 1st goal is to wipe the loss. Get to BE.

So, a whole session struggle for zero. But I am grateful - it could have been far worse.....
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  • #166,535
  • Sep 17, 2009 6:25am Sep 17, 2009 6:25am
Quoting nAVIN2007
stil shorting my currency huh...
i here yah bro.....same old same old....seems to be working so far, touch word

bearish engulf through the 61.8 fibo......
I thought you were a patriot NAV.... lol
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #166,536
  • Sep 17, 2009 6:26am Sep 17, 2009 6:26am
Quoting GlobalMacro
But don't forget Wallstreet collapsed induced the unemployment not mainstreet economy itself.
What are we witnessing now is asset price inflation again (does almost 10% rise in equities within 2 weeks sound good?...)...leading eventually to higher employment (hence unemployment notoriously lagging all the time!)...Banks and financial services industry already starting to hire again.
And there we go...we're nearer to the other end of the spectrum....
Respectfully, I disagree and instead find my views more closely aligned with those expressed by BBMac and FX Local. In my opinion, deflation clearly remains by far the biggest economic threat in the coming months/years, despite policymakers dearly wishing for a few years of "controlled" inflation to ease the crippling debt burden.

The economies of the UK and US are carrying record levels of indebtedness, both in the public and private sector, along with huge output gaps (spare capacity). Moreover, credit is still constrained to the real economy (notwithstanding the large quantities of liquidity swimming around in the financial markets, which is currently helping to inflate something akin to a mini-bubble in certain financial assets). All these factors are highly deflationary.

For many years, consumer in the UK and, to a lesser extent, the US have been consuming far more than they produce. This kind of imbalanced economic model cannot carry on indefinitely, obviously. In the coming years, the respective private sectors will need to produce more and spend less, therefore saving more, in order to rebalance the economy. This adjustment strips away pricing power from the producers and retailers. A weaker currency on a trade-weighted basis helps facilitate this painful, but necessary, adjustment and, as crucial, would import a welcome degree of inflation into the economy.

It is this fear of deflation that has led, the normally cautious, Mervyn King, and other central bankers, to pursue such unprecedented aggressively loose monetary policy in recent months.
  • #166,537
  • Sep 17, 2009 6:31am Sep 17, 2009 6:31am
Quoting Fly2
Heya Worm lol Im still in that trade.Ya think the dragon about to fall out of the sky?
magic #'s look to be either 150.73 or 151.00 IMO
Hey fly2 how's it going
at the moment no, don't think it'll fall out of the sky. Trend is still down but I am weighing other options as it appears that I'm offered more than 2 possible scenarios which contradicts with the current trend. When that happens, I'm just happy to be out because there is no way I can call this. Flat atm, so I'm just watching pa & will decide later before repositioning.
Here's what I see for now:
http://www.forexfactory.com/showpost...postcount=2971

Have a good one
Thank You
  • #166,538
  • Sep 17, 2009 6:33am Sep 17, 2009 6:33am
Quoting Bull_Bear
I thought you were a patriot NAV.... lol
i was till i recognise when this mother falls it hurts my wallet and if the some bi*tch want to fall i will go with it

im just a squirell trying to catch a nut
  • #166,539
  • Sep 17, 2009 6:37am Sep 17, 2009 6:37am
Quoting Fly2
get ready--this might hang then the US news plummet these things 151 a daily TL on dragon
I don't even think US news will wake up this lady (cable that is , I don't trade dragon )from her slumber....in fact this gonna stay like this for the rest of the week.
The only thing the market is waiting for right now is weekend to free it from its misery.
Hear the music before the song is over ...
  • #166,540
  • Sep 17, 2009 6:39am Sep 17, 2009 6:39am
Quoting nAVIN2007
i was till i recognise when this mother falls it hurts my wallet and if the some bi*tch want to fall i will go with it

im just a squirell trying to catch a nut
Break out zones are 1.6565 top end and 1.6480 bottom end. She will fall
Veni, Vidi, Vici (We came, we saw, we conquered)
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