Cable Update (GBPUSD)

lol same here ig markets though. i keep saying it too but havent got round to changing yet. however i completed a ibfx application and should have thatready to role for after easter. oh yea just a bit further down and we good.!!

EU is playing catchup, but I'm sure she will get there

lets just hope cable dont ride u

Don't normally submit here, but noted some comments upon the political landscape, and felt I would add something.

The press have been, surprisingly, informative this week. I guess there comes a time when being an apparatchik has to be rescinded in the face of a true threat to a way of life.

Some excellent articles, and studies – Institute of Fiscal Studies – point to the absence of any mention of the measures that will need to be introduced in order to cut the British deficit… a deficit that the spineless in Westminster dare not discuss: Labour for reasons of not wanting to jeopardize electoral success by admitting to the mess that has been created, Conservative for fear of being associated with the privileged that have been allowed to create the mess, Liberal Democrat for understanding that all three main parties come from pretty much the same pot these days, with all having spoons in the ingredients that have produced the gruel. Why are the public not given outlook figures for the next few years – because it would cause panic, and probably capital flight… for those fortunate enough to have such capital.

The Euro: This whole European unity thing – nobody likes each other, and are only in it for the money. Too many years of bickering, and public disgust at not having any say in how the realpolitik act on the citizen’s behalf, have all but destroyed public confidence in what was once, a public want, but now regarded as an imposition. Lisbon Treaty anyone…

Greece bailout – probably only happened because the Euro was slumping, and so there was never going to be an eviction of a member state, thus crippling the solvent nations keeping it all together. Can you imagine how the world would react if they saw that the supposedly wealthy Europe could not pay the checks?!

It was rather amusing to see the European heads of state all slapping themselves on the back and smiling for the cameras, but we know ‘Merk’ wasn’t too happy, ‘Sarko’ was sweating at the possibility of pas-fraternité, and the thousand or so commissioners in Brussels were worried about the possibility of the gravy train heading for derailment.

Within hours of the ‘accord’ ‘Merk’ was making it clear that Germany would retain the right to veto, should Greece step out of line as it tried to help itself first with budget cuts, or any deviation from repayment schedules should it accept the loan that is being offered. Loan sharks come to mind. The German central bank promptly added that the majority of any loan must come from the IMF. Next thing we hear is that European Central Bank stated that IMF intervention on any scale would be 'a very, very bad thing'. Not sure if anyone is aware, but the IMF was pretty much irrelevant 15-20 years ago, when compared to its size/reserves and relevance today in helping out. I’m not sure I’ve ever seen structural adjustments proposed by the IMF, World Bank etc that did not have a fairly devastating effect upon the everyday person who, living in the affected country, was not the cause of the problem as they did not have other people’s money to gamble with. I keep thinking of Bretton Woods, for various reasons.

Finally, and considering the ‘help’ proffered to Greece, stumbled upon this little snippet – a very interesting read.

http://openeuropeblog.blogspot.com/2...in-action.html

out and waiting was long i will ride her nav

nice post welcome to our crazy room

the line in the sand is 14934 h1 open will take us west

EU has just hit my tiny SL and is determined not to close the gap. This is giving GU some impetus. Time to lock in a small profit on GU and see where she goes!

I got 4964 as a line in the sand, be looking for longs until then. We may bounce of 4964 and head back to last weeks low for a run down to 1.4396. Am not trading tonight, just having a peak having just returned from dinner with friends.

Hope all of you had a good weekend?

we did bro hope u did too

we are going there now lets see if we pass it 4964 the eu is too dam horny he is taking her with him

wish everybody a nice trading week,

@cloggie

do you expect further strengthening of dollar after NFP? seems that the numbers will be real positive this time? what do you think?

cheers for that!!!!!!
i exited earlier for 25 pip gain after you mentioned e/u heading back up. thanks for the call mate my week just begun and im over 100 pips. you looking another short tonight from these levels? (4960)

iam out of my trades from last week with +75 pips

Regards

Great weekend, thanks.

Just hit my SL on GU which I moved into profit while watching MOTD2. I don't fancy opening up another short with a tight SL as I have a feeling that she might not close this gap in a hurry and might move up first, so I will wait till the morning to see where she got to. Goodnight peeps

EU is hitting support now @13458. If she breaks that, I think she will close the gap and GU will follow. I'm out as I am tired and will be up early. Goodnight

i entered another tight one at 962. need it to move down so i can move to break even and go bed!

its a scary gap is 15008 is the top of it or will see the gap close from here

As Punch would say... "That's the way to do it"