The finest tool in the world still needs a MAN who KNOWS how to use it.
Cable Update (GBPUSD)
- #185,302
- Dec 1, 2009 9:11am Dec 1, 2009 9:11am
- | Commercial User | Joined Feb 2008 | 7,911 Posts
The finest tool in the world still needs a MAN who KNOWS how to use it.
- #185,303
- Dec 1, 2009 9:17am Dec 1, 2009 9:17am
- | Commercial User | Joined May 2009 | 2,210 Posts
mememememem me me me me
- #185,304
- Dec 1, 2009 9:26am Dec 1, 2009 9:26am
- | Commercial User | Joined Feb 2008 | 7,911 Posts
follow the prev. page structure
The finest tool in the world still needs a MAN who KNOWS how to use it.
- #185,305
- Edited 12:13pm Dec 1, 2009 9:41am | Edited 12:13pm
strong long candles today and there is a two bottoms pattern but market has to follow long as strong as it has been up to now so it can enter the last long trend in the daily time frame.what do u think???????
There is no randomness. It is just Chaos, a higher form of order.
- #185,306
- Dec 1, 2009 10:14am Dec 1, 2009 10:14am
- | Joined Jul 2008 | Status: Clear Cut System Trader | 1,111 Posts
- #185,307
- Dec 1, 2009 10:22am Dec 1, 2009 10:22am
i follow price action, i dont mean to tell you were lucky just to say it, you were lucky thats a fact because i know how price should technically react.
i lose and win you're right but i win maximum and lose minimum thats what counts. have a good day
But it did have higher probability of a move to the downside. *Technically that is*
- #185,309
- Dec 1, 2009 10:26am Dec 1, 2009 10:26am
- Joined Mar 2008 | Status: Fooled by randomness | 8,364 Posts
When life gives you lemons, make lemonade
- #185,312
- Dec 1, 2009 10:35am Dec 1, 2009 10:35am
- Joined Feb 2009 | Status: Half in the Bag | 17,827 Posts
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
- #185,314
- Dec 1, 2009 10:49am Dec 1, 2009 10:49am
- Joined Feb 2009 | Status: Half in the Bag | 17,827 Posts
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
- #185,315
- Dec 1, 2009 10:58am Dec 1, 2009 10:58am
- | Commercial User | Joined May 2009 | 2,210 Posts
Lots of time to worry about the NFP....
- #185,316
- Dec 1, 2009 11:04am Dec 1, 2009 11:04am
- Joined Feb 2009 | Status: Half in the Bag | 17,827 Posts
agree these days all red news has less move when they release, but 1-2 days before those news market has some strange move
1 - We are retracing back to the area where NY session was in holidays before the big downfall. (rules of bearish engulfing candles)
2 - The Dubai news came at an opportune time to maximize the play but now we continue on with the uptrend that we were in prior to the spike down on press.
Looking for another massive move down, though not completely impossible at this point, I am thinking improbable.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
- #185,317
- Dec 1, 2009 11:12am Dec 1, 2009 11:12am
- | Commercial User | Joined May 2009 | 2,210 Posts
If I had to take a guess as to the movement, I have 2 really....
1 - We are retracing back to the area where NY session was in holidays before the big downfall. (rules of bearish engulfing candles)
2 - The Dubai news came at an opportune time to maximize the play but now we continue on with the uptrend that we were in prior to the spike down on press.
Looking for another massive move down, though not completely impossible at this point, I am thinking improbable.
Dubai Crisis Could Lead to Greater Centralization of UAE and Its Financial Markets
Abu Dhabi’s support for Dubai is selective and conditional, as revealed by a senior official’s comment on November 28 that the emirate will support Dubai on “a case by case basis,” choosing which companies to assist. Speculation about trade-offs is shifting from secret buyout arrangements to a power shift within the UAE federal structure to Abu Dhabi, OxAn says.
Naturally, the question has been raised as to what kind of favour Abu Dhabi could expect in return.
OxAn suggests payoffs for Abu Dhabi’s bailout might be on a political level rather than commercial via, for example, a stake in Emirates Airlines:
Abu Dhabi could demand a strengthening of federal authorities, while Dubai would need to relinquish certain sovereign rights, such as the control of customs, which so far remain at the level of individual emirates.
Hints at increased centralization are already discernible, with Abu Dhabi and federal institutions playing a more visible role in national development policy and Sheikh Mohammed increasingly appearing in his role as prime minister of the United Arab Emirates (UAE) rather than as ruler of Dubai.
In particular, centralized control of customs — in exchange for financial help — would give Abu Dhabi a firmer grip on the implementation of sanctions policies against Iran, which has been repeatedly demanded by Washington in the past. Such a move would also serve its own tough stance with regard to the regional ambitions of Iran.
Interestingly, despite the blow Dubai has taken as a financial center, OxAn thinks that more regulation of capital markets, and a unification of the stock markets in Dubai and Abu Dhabi, could strengthen the position of the UAE as a niche player in international capital markets.
- #185,320
- Dec 1, 2009 11:19am Dec 1, 2009 11:19am
- Joined Feb 2009 | Status: Half in the Bag | 17,827 Posts
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!