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Cable Update (GBPUSD)

  • #206,801
  • Mar 17, 2010 5:32am Mar 17, 2010 5:32am
Quoting geoffb65
Oxford University researchers have discovered the heaviest element yet known to science. The new element, Governmentium (symbol=Gv), has one neutron, 25 assistant neutrons, 88 deputy neutrons and 198 assistant deputy neutrons, giving it an atomic mass of 312.

LOVE IT!!
Ghost Rider - WWTBMD?
  • #206,802
  • Mar 17, 2010 5:32am Mar 17, 2010 5:32am
Quoting geoffb65
Oxford University researchers have discovered the heaviest element yet known to science. The new element, Governmentium (symbol=Gv), has one neutron, 25 assistant neutrons, 88 deputy neutrons and 198 assistant deputy neutrons, giving it an atomic mass of 312.

These 312 particles are held together by forces called morons, which are surrounded by vast quantities of lepton-like particles called pillocks. Since Governmentium has no electrons, it is inert. However, it can be detected, because it impedes every reaction with which it comes into contact....
Quality!
  • #206,803
  • Mar 17, 2010 5:40am Mar 17, 2010 5:40am
Quoting geoffb65
Oxford University researchers have discovered the heaviest element yet known to science. The new element, Governmentium (symbol=Gv), has one neutron, 25 assistant neutrons, 88 deputy neutrons and 198 assistant deputy neutrons, giving it an atomic mass of 312.

These 312 particles are held together by forces called morons, which are surrounded by vast quantities of lepton-like particles called pillocks. Since Governmentium has no electrons, it is inert. However, it can be detected, because it impedes every reaction with which it comes into contact....
lol! absoulte classic!
  • #206,804
  • Mar 17, 2010 5:41am Mar 17, 2010 5:41am
160 pip move since news, pretty amazing. Over 400 since yesterday morning, longs must be loving it?

Got caught out myself initially as tried to short it after the initial 5 min spike then took a long to hedge and thankfully came out with a few pips profit. Could have been a whole lot better or worse!
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  • #206,805
  • Mar 17, 2010 5:42am Mar 17, 2010 5:42am
I just read the unemployment report in detail. They reclassified 149,000 people as economically inactive, that sure helps the numbers...

Report here

Definition:

Economically inactive: People who are neither in employment nor unemployed. This includes those who want a job but have not been seeking work in the last four weeks, those who want a job and are seeking work but not available to start work, and those who do not want a job.

  • #206,806
  • Mar 17, 2010 5:44am Mar 17, 2010 5:44am
Quoting cloggie
I just read the unemployment report in detail. They reclassified 149,000 people as economically inactive, that sure helps the numbers...

Report here
You mean they popped their clogs
  • #206,807
  • Mar 17, 2010 5:44am Mar 17, 2010 5:44am
1038 GMT [Dow Jones] In research issued before surprising UK unemployment data Wednesday, Barclays Capital said only where GBP/USD to trade above 1.5305 would the large speculative short sterling positions noted in the latest CFTC statistics start to get seriously squeezed. Well the spot is now trading at a near 3-week high of 1.5380 from 1.5220 prior the numbers, so it looks like that squeeze is on.
  • #206,808
  • Mar 17, 2010 5:46am Mar 17, 2010 5:46am
Hey all, I'm back

soo glad I didnt leave my short this morning...

Seeing as the trend is up, I'll be looking to buy today no matter what my noob mind tells me. UNLESS ofcourse there is bad news or resistance which cant be broken...

So, reckon we will see 54 by days end hey...

Well, GOOD LUCK TO ALL!
@pawpaw1000 on Twitter
  • #206,809
  • Mar 17, 2010 5:46am Mar 17, 2010 5:46am
Quoting GlobalMacro
Price broke the huge congestion zone of 2009 in a neat downtrend to just consolidate here below the breakout zone (1.5200-1.5280)
1.5300 is just above that zone .
The consolidation is bullish (near-term) so far barring any breakdown below 1.4900...
looks like price is taking a shot to pierce back through the previous congestion zone....
Bullish Near-Term
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Hear the music before the song is over ...
  • #206,810
  • Mar 17, 2010 5:48am Mar 17, 2010 5:48am
NOW, we will see a nice run back, unless some nasty news release is in the future.

Jim
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  • #206,811
  • Mar 17, 2010 5:49am Mar 17, 2010 5:49am
EU report just out, UK is too optimistic about economic recovery figures.
  • #206,812
  • Mar 17, 2010 5:50am Mar 17, 2010 5:50am
what do u guys think about GJ? good long-term short position? or no
  • #206,813
  • Mar 17, 2010 5:50am Mar 17, 2010 5:50am
How bout this:

As noted before, GBP/USD's consolidation from 1.4783 is still in progress and stronger recovery cannot be ruled out. But after all, we'd expect upside to be limited by 38.2% retracement of 1.6456 to 1.4783 at 1.5422 and bring fall resumption. Below 1.4977 will flip intraday bias back to the downside for 1.4783 low first. Break will confirm that whole fall from 1.6456 is resuming for next target of 200% projection of 1.6875 to 1.5829 from 1.6456 at 1.4364.
@pawpaw1000 on Twitter
  • #206,814
  • Mar 17, 2010 5:53am Mar 17, 2010 5:53am
Quoting Nene
NOW, we will see a nice run back, unless some nasty news release is in the future.

Jim
It's worth a small punt with a SL above today's high. GL
  • #206,815
  • Mar 17, 2010 5:53am Mar 17, 2010 5:53am
Quoting Clouds
what do u guys think about GJ? good long-term short position? or no
Not in light of the BOJ announcement earlier indicating a spit vote doubling the lending program and keeping the rate at 0.1.
  • #206,816
  • Mar 17, 2010 5:58am Mar 17, 2010 5:58am
Quoting cloggie
Not in light of the BOJ announcement earlier indicating a spit vote doubling the lending program and keeping the rate at 0.1.
Whoever spits the furthest wins?
  • #206,817
  • Mar 17, 2010 6:00am Mar 17, 2010 6:00am
Quoting bbakker
Whoever spits the furthest wins?
Typing too bloody quick and deciding on how much to add to my long.....
  • #206,818
  • Mar 17, 2010 6:01am Mar 17, 2010 6:01am
Quoting cloggie
Typing too bloody quick and deciding on how much to add to my long.....
Vriend, I would wait before adding!
  • #206,819
  • Mar 17, 2010 6:03am Mar 17, 2010 6:03am
Quoting bbakker
Vriend, I would wait before adding!
Oh I am, just wanted to make you nervous about your short....
  • #206,820
  • Mar 17, 2010 6:04am Mar 17, 2010 6:04am
Quoting bbakker
Vriend, I would wait before adding!
all depends on US news... It will be a real tough call to break the 5450 odd resistance which is where the last real support was on the way down...

I'm bull inclined but worrying about the news so staying out...
@pawpaw1000 on Twitter
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