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Cable Update (GBPUSD)

  • #228,281
  • May 24, 2010 8:37pm May 24, 2010 8:37pm
Moral of the story is

expecting cable to go to 1.7 levels or euro going to 2.0 levels is BullS***

the lows are yet to come ....................
  • #228,282
  • May 24, 2010 8:43pm May 24, 2010 8:43pm
Quoting forexlion
Moral of the story is

expecting cable to go to 1.7 levels or euro going to 2.0 levels is BullS***

the lows are yet to come ....................
I hear you...now tell me what do you tell your kids?
E
  • #228,283
  • May 24, 2010 8:55pm May 24, 2010 8:55pm
This war much like WW1 and WW2 is a war against the sheeple. It will be a world war so bad, so destructive, so genocidal… that the sheeple will cry out for a savior, for world government… Unsurprisingly, for those of us who study real history, the false messiah will appear! He is the White Horseman conquering the world with (temporary) peace!

Obama starts massive US Air-Sea-Marine build-up opposite Iran
debkafile’s military sources report a decision by the Obama administration to boost US military strength in the Mediterranean and Persian Gulf regions in the short term with an extra air and naval strike forces and 6,000 Marine and sea combatants. Carrier Strike Group 10, headed by the USS Harry S. Truman aircraft carrier, sails out of the US Navy base at Norfolk, Virginia Friday, May 21. On arrival, it will raise the number of US carriers off Iranian shores to two. Up until now, President Barack Obama kept just one aircraft carrier stationed off the coast of Iran, the USS Dwight D. Eisenhower in the Arabian Sea, in pursuit of his policy of diplomatic engagement with Tehran.

For the first time, too, the US force opposite Iran will be joined by a German warship, the frigate FGS Hessen, operating under American command. It is also the first time that Obama, since taking office 14 months ago, is sending military reinforcements to the Persian Gulf. Our military sources have learned that the USS Truman is just the first element of the new buildup of US resources around Iran. It will take place over the next three months, reaching peak level in late July and early August. By then, the Pentagon plans to have at least 4 or 5 US aircraft carriers visible from Iranian shores.

The USS Truman’s accompanying Strike Group includes Carrier Air Wing Three (Battle Axe) – which has 7 squadrons – 4 of F/A-18 Super Hornet and F/A-18 Hornet bomber jets, as well as spy planes and early warning E-2 Hawkeyes that can operate in all weather conditions; the Electronic Attack Squadron 130 for disrupting enemy radar systems; and Squadron 7 of helicopters for anti-submarine combat (In its big naval exercise last week, Iran exhibited the Velayat 89 long-range missile for striking US aircraft carriers and Israel warships from Iranian submarines.)

Another four US warships will be making their way to the region to join the USS Truman and its Strike Group. They are the guided-missile cruiser USS Normandy and guided missile destroyers USS Winston S. Churchill, USS Oscar Austin and USS Ross.

debkafile’s military sources disclose that the 6,000 Marines and sailors aboard the Truman Strike Group come from four months of extensive and thorough training to prepare them for anticipated missions in the Persian Gulf and the Mediterranean.
  • #228,284
  • May 24, 2010 9:03pm May 24, 2010 9:03pm
We are at the end game of this sovereign debt crisis. It probaby has another year to play out before: global financial, economic and monetary meltdown. Greece has agreed to a $110B Euro bailout over 3 years. The country is as good as sold to the banksters! The people will suffer. Which country is next? Take your pick from the PIIGS. One by one, the countries will go through this. Thereafter, UK, Japan and finally America. The end result of this Great Depression 2.0 will be world war. The banksters need to create a massive distraction to hide their theft from the sheeple. They will undoubtedly activate their Illuminist depopulation plan.

Boy, what a week! I’ve been warning about a troubled euro and a building sovereign debt crisis for some time. And the bond and currency market activities this past week are a clear example that the momentum is picking up. There’s a bumpy road ahead … and not just for Greece.

For those of you who aren’t closely monitoring this drama in Europe, you should be. … the events in Greece will likely impact your investments and the economy, both in the U.S. and abroad. And if you haven’t followed the events of the past five days, here’s a brief recap of what’s transpired, the impact on global financial markets, and what to expect from here on out …

First, the Greek government’s official request for a rescue package from its European partners and the IMF did not calm fears. Instead, the Greek bond market shifted into another gear of panic. Investors and speculators rushed out of Greek debt, driving up two-year borrowing costs for the Greek government to over 18 percent. But that wasn’t all. The contagion factor started rearing its head.

The grim outlook for Greece sent investors and speculators looking at the next likely victim, Portugal. And Portugal’s debt was aggressively sold, sending yields jumping to more than three times the levels of early last month. And downgrades soon followed. S&P downgraded Portugal’s credit rating two notches and downgraded Greece by three notches, to junk status. There was more …

With the Portugal domino starting to wobble, the biggest, most threatening weak spot in the euro zone, Spain, came under the spotlight. As a result Spanish bonds were dumped, and S&P responded in kind, with a downgrade on Spain and warnings of possible further downgrades.

All of this sent the euro tumbling further, and sent shockwaves through global financial markets. This is a scenario I’ve expected to unfold since Dubai failed to make good on their sovereign debt last year. And these recent events in Europe are just a few more steps in what will likely be early innings of a full blown global sovereign debt crisis.

For those who have convinced themselves that a V-shaped economic recovery is underway, and that the problems in Europe will stay in Europe, they should be very careful. Here’s why …

The Global Picture
This most recent recession shares two key features found in three other recessions in the past fifty years:

1. Global synchronization — According to the IMF, at the trough of the recent recession a whopping 65 percent of world economies were in a recession, too.

2. Financial crisis — In recessions associated with a financial crisis, the recoveries were slower because households are in saving mode, credit is tight and demand is weak.
……
It all boils down then to knowing where the global economy stands after emerging from the most severe economic downturn since the Great Depression. For that answer, let’s look at:

The Four Stages of Collateral
Damage of Past Financial Crises

Stage #1—
Deficits …
When tax revenues decline and government stimulus spending rises, countries tend to swiftly turn budget surpluses into deficits. And for countries already running deficits, the deficits just get bigger.

Stage #2—
Debt …
Facing weak growth and dwindling tax revenues, those deficits turn into debt. Soaring debt with questionable growth prospects ultimately flash warning signals to global investors.

Stage #3—
Downgrades …
Those warning signals turn into credit downgrades.

Stage #4—
Default …

And finally, credit downgrades tend to drive borrowing costs higher, which can force the fiscally fragile into default. History also shows that sovereign debt defaults can be contagious.
…..
Nonetheless, the dominos for a sovereign debt crisis are clearly in line. As fears over deficits and debt continue to spread, expect the problems in Europe to test the lifespan of the euro, and ultimately present challenges to global financial markets and global economic recovery as fears spread to the UK, Japan and the U.S.
  • #228,285
  • May 24, 2010 10:14pm May 24, 2010 10:14pm
M15 cable scalp long possible, 10 to 50 pips here

SL of 10 pips should be just fine
  • #228,286
  • May 24, 2010 10:27pm May 24, 2010 10:27pm
Quoting forexlion
M15 cable scalp long possible, 10 to 50 pips here

SL of 10 pips should be just fine
Long Buy bye bye
  • #228,287
  • May 24, 2010 10:31pm May 24, 2010 10:31pm
Quoting Honored
Long Buy bye bye
yep
  • #228,288
  • May 24, 2010 10:36pm May 24, 2010 10:36pm
Quoting forexlion
M15 cable scalp long possible, 10 to 50 pips here

SL of 10 pips should be just fine
i went the other way on g/j. same targets
  • #228,289
  • May 24, 2010 10:40pm May 24, 2010 10:40pm
Quoting Honored
Long Buy bye bye
well this is my trade plan, i was just hoping to catch a small long there, lucky i always keep 10 pip sl's when scalping

below 1.23 euro is all set for 1.16, its already dead anyways



http://img638.imageshack.us/img638/1953/72167252.gif

i think i should make a blog and add all my writings in one place instead of scattering them all over the internet
  • #228,290
  • May 24, 2010 10:41pm May 24, 2010 10:41pm
Quoting uraceulose
i went the other way on g/j. same targets
+28, 5 locked
  • #228,291
  • May 24, 2010 10:50pm May 24, 2010 10:50pm
However, cable should see a minor recovery, before downtrend continuation

http://img695.imageshack.us/img695/264/27583734.gif
  • #228,292
  • May 24, 2010 10:57pm May 24, 2010 10:57pm
Quoting uraceulose
+28, 5 locked
out for 35 for tap of S1. waiting
  • #228,293
  • May 24, 2010 11:02pm May 24, 2010 11:02pm
Quoting forexlion
However, cable should see a minor recovery, before downtrend continuation
Buying at support right now for a minor correction or may be until todays big news
  • #228,294
  • May 25, 2010 12:15am May 25, 2010 12:15am
Quoting Honored
Buying at support right now for a minor correction or may be until todays big news
Support at 4340?
  • #228,295
  • May 25, 2010 12:18am May 25, 2010 12:18am
4400 is my sell zone for move to 4250

Quoting forexlion
However, cable should see a minor recovery, before downtrend continuation

http://img695.imageshack.us/img695/264/27583734.gif
Blogging daily now at www.volume.zone
  • #228,296
  • May 25, 2010 12:38am May 25, 2010 12:38am
hye to all..

could anyone teach me how to setup a trading terminal in a mobile phone?..
  • #228,297
  • May 25, 2010 12:49am May 25, 2010 12:49am
Who wants my candid advice? Today and tomorrow we sell. Forget buy. sell sell. The only time you see buy mode is retracement
  • #228,298
  • May 25, 2010 12:52am May 25, 2010 12:52am
L3 moments ago reached L4 to the pip. Of course that
depends on which cam setting you're using and then again
most are following the traditional cam approach reversing
their trades at L3 (or H3) rather than watching and waiting
for it to complete the mission... the near guaranteed trade.

Dr. D.
  • #228,299
  • May 25, 2010 1:28am May 25, 2010 1:28am
Why is our room so quite. G/u is sucked for greater lows, from yesterday's high i would have like a fall of over 400pips b4 any further close, taking new entry's from swings and adding up...... see ya alltomorrow God willing
  • #228,300
  • May 25, 2010 1:31am May 25, 2010 1:31am
Quoting fourxtrader
L3 moments ago reached L4 to the pip. Of course that
depends on which cam setting you're using and then again
most are following the traditional cam approach reversing
their trades at L3 (or H3) rather than watching and waiting
for it to complete the mission.........
THEN, then again, who cares about cams when you can place
your hope and trust in the two prophets of doom, gloom and
zoom. Both imagining they get their inspiration from 'on high',
but rather just get 'their high' by sniffing the aroma of fecal
matter from the Ganges or from fungi in the chambers of Khufu.

Dr. D.
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