Yes, UK is still "supposedly last to show signs of economic recovery"
However, all the pro USD talk has turned into an ever so visible down trend.
Gold Continues in the past two months to re- break the Record high.
In retracement as a physical buy and asset I am pro gold and even more pro silver as I feel especially now it is highly undervalued and manipulated.
In fact it was an even better buy in 08 - @ 8 to 10 spot ask. Long 200 oz physical siver. No bank account can offer returns like that besides a FX account! LOL
How this ties into cable???
OK, not to you Turveyd, in general it seems that there is a lack of fundamental interest here (I AM NO saint/preacher/ analyst) BUT, we CANNOT forget the other side of this pair by simply looking at charts.
USD is in turmoil. Sure we may see 100 to 400 pip range. In the scheme of actual paper money this is pennies. FX allows it to be supreme through leverage.
When I started scalping I had some very successful trades ie: 20 pips up and down with one or 3 lots up (long) then at resistance (short) 5 = short @ PA 2 lots. This became very risky if not aware of the "bigger picture" scalping appears easy. Yet is very hard, and I applaud you efforts on trying to explain your trades in this aspect.
However, all the pro USD talk has turned into an ever so visible down trend.
Gold Continues in the past two months to re- break the Record high.
In retracement as a physical buy and asset I am pro gold and even more pro silver as I feel especially now it is highly undervalued and manipulated.
In fact it was an even better buy in 08 - @ 8 to 10 spot ask. Long 200 oz physical siver. No bank account can offer returns like that besides a FX account! LOL
How this ties into cable???
OK, not to you Turveyd, in general it seems that there is a lack of fundamental interest here (I AM NO saint/preacher/ analyst) BUT, we CANNOT forget the other side of this pair by simply looking at charts.
USD is in turmoil. Sure we may see 100 to 400 pip range. In the scheme of actual paper money this is pennies. FX allows it to be supreme through leverage.
When I started scalping I had some very successful trades ie: 20 pips up and down with one or 3 lots up (long) then at resistance (short) 5 = short @ PA 2 lots. This became very risky if not aware of the "bigger picture" scalping appears easy. Yet is very hard, and I applaud you efforts on trying to explain your trades in this aspect.
DislikedThat just means, the UK will have to do better next month ( only rise 7.8% ) so thats already priced in so GU will rally to 2.0000 based on this.
Sadly all opinions based on news will likely fail, the markets not that easy we'd all be millionaires already, so don't read news and risk forming a bias.Ignored
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
