Bernanke will NOT lose his position. He is on track to re elected.
End of story.......
End of story.......
Cable Update (GBPUSD)
- #196,641
- Jan 28, 2010 6:17am Jan 28, 2010 6:17am
- Joined Jan 2008 | Status: Pipaholics make better lovers ;) | 1,002 Posts
- #196,644
- Jan 28, 2010 6:27am Jan 28, 2010 6:27am
A Reuters poll showed 50 Senators support Bernanke and 21 oppose him. The rest of the 100-member chamber is undecided or undeclared.
Worst Case if he loose, then what will happen any guess?
Don't tell me how much you can earn. Tell me how much you may lose..
- #196,645
- Jan 28, 2010 6:30am Jan 28, 2010 6:30am
- | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
I wouldn't say a word if you declare you are under influence of a long position 
Otherwise, no one knows. Did anyone imagined country like Japan going in a decade of depression?
UK, is the only advanced country to come of recession "nearly come out".
Canada 9 months, US 9 months even Japan came earlier.
Pound has a reason to be higher then most currencies but it's not guaranteed to remain high always. Things are changing, we have emerging markets and most of the advance nations are relying on their support now a days. Be it new business, job creation, supplies etc.
Otherwise, no one knows. Did anyone imagined country like Japan going in a decade of depression?
UK, is the only advanced country to come of recession "nearly come out".
Canada 9 months, US 9 months even Japan came earlier.
Pound has a reason to be higher then most currencies but it's not guaranteed to remain high always. Things are changing, we have emerging markets and most of the advance nations are relying on their support now a days. Be it new business, job creation, supplies etc.
The fundamental factors that nothing lasts forever. Even if UK wants to depreciate their currency forever, the bubble will eventually burst.
- #196,646
- Jan 28, 2010 6:31am Jan 28, 2010 6:31am
- | Joined Nov 2008 | Status: Everyone Breaks Even. | 2,296 Posts
- #196,647
- Jan 28, 2010 6:34am Jan 28, 2010 6:34am
- | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
Oh God,
To all, who favours GU touching 166 and above, VOTE!!
By VOTE I mean, open a live trade and show us all on this forum and hold it untill it reaches 166 and above. Don't forget to put SL. I do not like demo trades with 500 pip stops :-)
We have not even crossed the earlier resistance of 63??
If this is to kill the time, more then happy to say I see GU reaching 170 "someday"
ta
ams
To all, who favours GU touching 166 and above, VOTE!!
By VOTE I mean, open a live trade and show us all on this forum and hold it untill it reaches 166 and above. Don't forget to put SL. I do not like demo trades with 500 pip stops :-)
We have not even crossed the earlier resistance of 63??
If this is to kill the time, more then happy to say I see GU reaching 170 "someday"
ta
ams
GU will be seen touching 1.6800 in days
- #196,649
- Jan 28, 2010 6:37am Jan 28, 2010 6:37am
Oh God,
To all, who favours GU touching 166 and above, VOTE!!
By VOTE I mean, open a live trade and show us all on this forum and hold it untill it reaches 166 and above.
We have not even crossed the earlier resistance of 63??
If this is to kill the time, more then happy to say I see GU reaching 170 "someday"
ta
ams
You misunderstood me mate. I was just kidding in reply to the above post. Otherwise seriously I have serious doubts about Longs too.
Don't tell me how much you can earn. Tell me how much you may lose..
- #196,650
- Jan 28, 2010 6:38am Jan 28, 2010 6:38am
- | Joined Nov 2008 | Status: Everyone Breaks Even. | 2,296 Posts
- #196,653
- Jan 28, 2010 6:42am Jan 28, 2010 6:42am
- | Joined Dec 2007 | Status: Trader | 3,220 Posts
I only trade XAU/USD. Based on USD news & Fib SR & BB20
- #196,654
- Jan 28, 2010 6:42am Jan 28, 2010 6:42am
- | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
- #196,655
- Jan 28, 2010 6:43am Jan 28, 2010 6:43am
- Joined Jan 2010 | Status: The Voodoo Boodoo Club | 42,062 Posts
- #196,656
- Jan 28, 2010 6:46am Jan 28, 2010 6:46am
- Joined Jul 2009 | Status: Left Leg In, Right Leg Out! | 5,792 Posts
Hiya Folks,
Good to be back after a week or so. I am officially a man of leisure (quit job on Monday).... but alas, my MT4 died and took all my wonderful 2010 trades with it (demo still). Oh well.. startin' all over again (sigh). At least my scalping trades have gone alright.
I'm currently flat.
On Murrey Math DAY analysis, despite the strong support at +1/8, the EMAs (200/55/21) have proved hard to break. Not much of a clear trend other than sideways, but IMHO a scalping trader's range between .6113 and .6357.
On the 1H, Murrey Math shows that .6113 has had 3 tests for support and held. I think a cup and handle could form if [4/8] is tested. But it's just too choppy for my MM so I will wait until it breaks the red-dash line (66%) .62759. I've not yet thought of how I would reconcile this to the Daily's sideways movement as I'm trying to go for a longer term GlobalMacro style trade.
Safe trading
Good to be back after a week or so. I am officially a man of leisure (quit job on Monday).... but alas, my MT4 died and took all my wonderful 2010 trades with it (demo still). Oh well.. startin' all over again (sigh). At least my scalping trades have gone alright.
I'm currently flat.
On Murrey Math DAY analysis, despite the strong support at +1/8, the EMAs (200/55/21) have proved hard to break. Not much of a clear trend other than sideways, but IMHO a scalping trader's range between .6113 and .6357.
On the 1H, Murrey Math shows that .6113 has had 3 tests for support and held. I think a cup and handle could form if [4/8] is tested. But it's just too choppy for my MM so I will wait until it breaks the red-dash line (66%) .62759. I've not yet thought of how I would reconcile this to the Daily's sideways movement as I'm trying to go for a longer term GlobalMacro style trade.
Safe trading
A pip is only worth it if you know how much you risked to earn it
- #196,658
- Jan 28, 2010 6:48am Jan 28, 2010 6:48am
- Joined Jan 2010 | Status: The Voodoo Boodoo Club | 42,062 Posts
- #196,659
- Jan 28, 2010 6:58am Jan 28, 2010 6:58am
- Joined Jul 2009 | Status: Left Leg In, Right Leg Out! | 5,792 Posts
wondered where you went , good to c u back
A pip is only worth it if you know how much you risked to earn it
