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Cable Update (GBPUSD)

  • #222,541
  • Apr 29, 2010 6:34am Apr 29, 2010 6:34am
Quoting bbakker


I wouldn't touch it with a bargepole.

The only chance they have is for the other euro countries to swallow their pride and let Greece get out of the euro, devalue the drachma and reenter at a more favourable rate in a year or so while defaulting on their debt like they always do.
  • #222,542
  • Apr 29, 2010 6:35am Apr 29, 2010 6:35am
Quoting bbakker
Crap system and they need to change to proportional representation ASAP. Another weakness in British democracy!

Nah, keep it as it is. Gotta keep that half cloggie out.
  • #222,543
  • Apr 29, 2010 6:35am Apr 29, 2010 6:35am
You have to see any pullbacks in an uptrend/strong move as cheaper buying opportunities and vice versa re cheaper selling opportunities in a downtrend....On the t/f's of interest to me (up to 1hr) that is excatly what has ben happening so far today, ie the pullbacks have been bought ...Of course you need a methodology to buy the dips or sell the rallies, whether a pullbacks to an ma (s) and/or hidden div in oscillators and/or at previous resistance levels that now may act as support or even a confluence of all 3, but trying to call the absolute medium-long term top/bottom relative to your t/f's is a fools game...you can and short uptrends/moves but make the working assumption that they are pullbacks until pa tells you otherwise...similarly make the working assdumption that a pullback is a cheaper opportunity to get 'with trend' until pa tells you otherwise.

G/L
ex member
  • #222,544
  • Apr 29, 2010 6:35am Apr 29, 2010 6:35am
Quoting cloggie
The only chance they have is for the other euro countries to swallow their pride and let Greece get out of the euro, devalue the drachma and reenter at a more favourable rate in a year or so while defaulting on their debt like they always do.
now that is just nonsense...
  • #222,545
  • Apr 29, 2010 6:37am Apr 29, 2010 6:37am
Quoting bbakker
Good point! I have the 1440 and 200 on m30 at the same place now. Maybe we will make 15284 today..... food for thought! Should have kept my long open from this morning... I cashed it in far too early. Oh well. Looking for the next setup!

i did too on 20's no regret this week is great so far made the 10pips target


US news in an hour lets see if we sink or go test the 80's
  • #222,546
  • Apr 29, 2010 6:37am Apr 29, 2010 6:37am
gbp,usd m30
gbp,usd h1

pattern 5-0
pattern crab
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  • #222,547
  • Apr 29, 2010 6:38am Apr 29, 2010 6:38am
PA bounced right off the 25ma again on M5, this move up has not lost steam yet. The fervor of the bounces are getting less so she is ready to top out sooner or later. I am not going to call the top yet. Am still flat after the mornings run to 5243, we are in scalping territory here in my opinion.
  • #222,548
  • Edited 6:53am Apr 29, 2010 6:40am | Edited 6:53am
will it go above 70 in the next 5 min??? hmm

FAILED
  • #222,549
  • Apr 29, 2010 6:42am Apr 29, 2010 6:42am
Quoting lexazver
now that is just nonsense...

Not at all, there is going to come a point where the public opinion in the richer countries will no longer support a bailout of the ones at the fringes. They are talking 130Bn for a Greek bailout and 400 for the Spanish ones with only 3-4 rich countries paying for it, how long do you think that is going to last before we have an uproar? Merkel is already saying that a bailout will only happen if and only if Greece increases their austerity measures, what if they fail do you really think that German, French, Dutch citizens will just keep plugging the gap paying for ridiculous pension plans in Greece? How long do you think until the general population will vote them out in favour of a Government that will not support the poor countries? Why do you think that Germany and Holland wanted the no-bailout clause in the first place.

We have a European Lehman scenario here, it may just be better for the system as a whole to let them fail. Why apply keynesian economics here when we know it doesn't work.
  • #222,550
  • Apr 29, 2010 6:43am Apr 29, 2010 6:43am
Quoting lexazver
will it go above 70 in the next 5 min??? hmm

again a wish or a fact
  • #222,551
  • Apr 29, 2010 6:53am Apr 29, 2010 6:53am
no brack no shack 1440
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  • #222,552
  • Apr 29, 2010 6:54am Apr 29, 2010 6:54am
Quoting kill56
no brack no chack 1440
we could get a double top on m5 and then down but I have a couple of rules which need to be met so will WAIT!
@pawpaw1000 on Twitter
  • #222,553
  • Apr 29, 2010 6:54am Apr 29, 2010 6:54am
Quoting kill56
again a wish or a fact
well price action supported it but then all of a suddne it stopped we will get there
  • #222,554
  • Apr 29, 2010 6:56am Apr 29, 2010 6:56am
Quoting cloggie
Not at all, there is going to come a point where the public opinion in the richer countries will no longer support a bailout of the ones at the fringes. They are talking 130Bn for a Greek bailout and 400 for the Spanish ones with only 3-4 rich countries paying for it, how long do you think that is going to last before we have an uproar? Merkel is already saying that a bailout will only happen if and only if Greece increases their austerity measures, what if they fail do you really think that German, French, Dutch citizens will just keep plugging...


Maybe the guy you are responding to should read German articles. He's obviously not at all informed and should do his homework

Here is a translated one from Der Spiegel!

http://www.economywatch.com/in-the-n...sis-28-04.html

I doubt he will even read this. Each to their own!
  • #222,555
  • Apr 29, 2010 6:56am Apr 29, 2010 6:56am
Quoting pawpaw1000
we could get a double top on m5 and then down but I have a couple of rules which need to be met so will WAIT!

no rush stick with u rules

news in 30m from the US
  • #222,556
  • Apr 29, 2010 7:05am Apr 29, 2010 7:05am
Quoting cloggie
Not at all, there is going to come a point where the public opinion in the richer countries will no longer support a bailout of the ones at the fringes. They are talking 130Bn for a Greek bailout and 400 for the Spanish ones with only 3-4 rich countries paying for it, how long do you think that is going to last before we have an uproar? Merkel is already saying that a bailout will only happen if and only if Greece increases their austerity measures, what if they fail do you really think that German, French, Dutch citizens will just keep plugging...

its almost as saying united states will beak up because you have some states which lose money and others which cover for it....no way it will happen unless some kind of civil war breaks out......


one of the best option in my view would be.....

quetly get a loan of saaay 100bn from EU IMF or even Russia for that matter, create severe panic in the market by spreading the news that everything is going to shits and rumoured haircut going to be 40-50%, bond prices drop they use the loan to buy the bonds at very nice discount (20-30%) then tell everyone look we found the money we bought majority of debt so we not going to default....then issue much longer maturity notes raise money to pay back the creditors (EU IMF or whoever) and use profits(if any) to plug the gap - much less painful for general public. banks, hedge funds and alike will suffer (since there is negative view of banks anyway public will be happy that they got fooked) peace quiet and prosperity all around
  • #222,557
  • Apr 29, 2010 7:05am Apr 29, 2010 7:05am
You will see 5280 on cable before downmove me thinks, but I am already shorted at 1.5250 so hoping for nice pips coming my way this afternoon.
  • #222,558
  • Apr 29, 2010 7:07am Apr 29, 2010 7:07am
Quoting lexazver
its almost as saying united states will beak up because you have some states which lose money and others which cover for it....no way it will happen unless some kind of civil war breaks out......


one of the best option in my view would be.....

quetly get a loan of saaay 100bn from EU IMF or even Russia for that matter, create severe panic in the market by spreading the news that everything is going to shits and rumoured haircut going to be 40-50%, bond prices drop they use the loan to buy the bonds at very nice discount (20-30%) then tell...
YOu got my vote next Thursday vote for the Lexazver party
  • #222,559
  • Apr 29, 2010 7:08am Apr 29, 2010 7:08am
i might be wrong
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  • #222,560
  • Apr 29, 2010 7:09am Apr 29, 2010 7:09am
Quoting lexazver
its almost as saying united states will beak up because you have some states which lose money and others which cover for it....no way it will happen unless some kind of civil war breaks out......


one of the best option in my view would be.....

quietly get a loan of saaay 100bn from EU IMF or even Russia for that matter, create severe panic in the market by spreading the news that everything is going to shits and rumoured haircut going to be 40-50%, bond prices drop they use the loan to buy the bonds at very nice discount (20-30%)[b]...
Which planet do you live on! Cloud fooking cuckoo!

I am wasting my time again reading this sheeeet!
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