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Cable Update (GBPUSD)

  • #238,041
  • Jul 14, 2010 1:02pm Jul 14, 2010 1:02pm
FOMC, no further QE and now saying 5-6 years for recovery. Don't see stimulus as growth factor. Could be reducing discount rate to avoid deflation.
  • #238,042
  • Jul 14, 2010 1:05pm Jul 14, 2010 1:05pm
  •  Now
  • | Joined Aug 2006 | Status: 'I should have taken the money' | 654 Posts
Quoting nAVIN2007
i agreee with the up but im confused why 1.40 is still in the mind? ..i really am

what are u guys seeing im not..i ask myself

and u say bears will be back as oppossed to usd not havin a negative outlook..
It is the fundamental picture, the challenges that the UK faces as (isolated) economy and country.

Remember, they did not want to contribute to the EU rescue package. So the EU warned them that the UK will stand alone if their balloon explodes.

In they default, then the UK itself might be for sale. Probably being bought up by the EU or US (or a Russian trillionaire) !!!

Some quote here from an eliottwave.com article named:

Quadrillion Dollar Debt: "Day of Reckoning" Looms
What Will Happen as $1,000,000,000,000,000 in Global Debt Winds Down?

Quote
Then there's the world's sixth largest national economy. In January 2009, Robert Prechter wrote this in the Elliott Wave Theorist:

". . .British banks have amassed $4.4 trillion worth of foreign liabilities, twice Britain's annual GDP. . .England, moreover, 'has not defaulted since the Middle Ages.' The possibility that it may do so again is yet another indication that the bear market is of. . .(larger) degree, exactly as Elliott wave analysts have predicted all along. . ."

Cheers, have a good one.
Expect the unexpected trading fx.
Being right is one, taking it from the table is two.
  • #238,043
  • Jul 14, 2010 1:11pm Jul 14, 2010 1:11pm
Quoting Now
It is the fundamental picture, the challenges that the UK faces as (isolated) economy and country.

Remember, they did not want to contribute to the EU rescue package. So the EU warned them that the UK will stand alone if their balloon explodes.

In they default, then the UK itself might be for sale. Probably being bought up by the EU or US (or a Russian trillionaire) !!!

Some quote here from an eliottwave.com article named:

Quadrillion Dollar Debt: "Day of Reckoning" Looms
What Will Happen as $1,000,000,000,000,000 in Global Debt...
ha maybe this bull run will come to an end.
  • #238,044
  • Jul 14, 2010 1:13pm Jul 14, 2010 1:13pm
Quoting gotpips92
ha maybe this bull run will come to an end.
u have got to be kidding...hehe

put this in yur smoke pipe:- new world order..amero after sinking the dollar..and doing the same thing as what they did with the manufacture of euro currency to make the amero ...
  • #238,045
  • Jul 14, 2010 1:13pm Jul 14, 2010 1:13pm
Quoting nAVIN2007
i agreee with the up but im confused why 1.40 is still in the mind? ..i really am

what are u guys seeing im not..i ask myself

and u say bears will be back as oppossed to usd not havin a negative outlook..
IDK either nAV, but I am having trouble seeing 1.6 as well.. lol

What I have seen on a Dollar Index chart is that USD strength/weekness goes in 7-10 year cycles if this was a bottom for the USD we are only in our 2nd year of USD strength.
"Keep your eyes on the helpers" - Mr. Rogers
  • #238,046
  • Jul 14, 2010 1:14pm Jul 14, 2010 1:14pm
Quoting nAVIN2007
u have got to be kidding...hehe

put this in yur smoke pipe:- new world order..amero after sinking the dollar..and doing the same thing as what they did with the manufacture of euro currency ...

And how would the Amero help?
"Keep your eyes on the helpers" - Mr. Rogers
  • #238,047
  • Jul 14, 2010 1:15pm Jul 14, 2010 1:15pm
Quoting Forextrader4
I know everyone is loving this week, i know i am lol

why dont you post your entry's anymore, it was fun to follow you
  • #238,048
  • Jul 14, 2010 1:18pm Jul 14, 2010 1:18pm
Quoting damonl
And how would the Amero help?
got this of the internet as i know nothing about it myself.

ron says:
February 11, 2010 at 10:31 am
amero currency is a right wing conspiracy theory along the lines of the tired new world order bullshit. it is supposed to be some secret north american currency after the US merges with canada and mexico. the left, the jews, whoever, engineered the financial crisis in part to institute this new currency, but the amero idea actually predates the collapse i think. the reason why the designs suck and people on them make no sense to you is because you are not insane or stupid. theyd make sense if you were a wingnut teabagger though.


http://www.doobybrain.com/2010/01/27/the-amero-dollar/

we aint moving might as well enjoy..
  • #238,049
  • Jul 14, 2010 1:19pm Jul 14, 2010 1:19pm
Well, profits booked and 2 orders taken at 1.5280 for the short side.

Love it when a plan comes together!


Magix what MA 200 are yo using ? I am asking this because at my daily the EMA200 is at 5375 ???
  • #238,050
  • Jul 14, 2010 1:21pm Jul 14, 2010 1:21pm
What about China depegging from the USD. They want a weak Yuan. I have read they did this because the USD will continue its bull run and China wanted to to keep export prices low.

Does anyone really think they did this because they are good samaritans to the rest of the world? Hells no, they did it becuase it is in there best interest not to be pegged to the USD right now.

Same thing with Iran pegging to the USD and depegging from the Euro.. They didn't want a currency that was going into the gutter for their oil.

I don't think countries make a practice of manipulating there currency on a monthly basis.. i.e pegging to the USD this month and the Euro next month, etc...

The two examples are pretty clear to me the long term USD strength.. but this is just how I see it!
"Keep your eyes on the helpers" - Mr. Rogers
  • #238,051
  • Jul 14, 2010 1:25pm Jul 14, 2010 1:25pm
Quoting damonl
What about China depegging from the USD. They want a weak Yuan. I have read they did this because the USD will continue its bull run and China wanted to to keep export prices low.

Does anyone really think they did this because they are good samaritans to the rest of the world? Hells no, they did it becuase it is in there best interest not to be pegged to the USD right now.

Same thing with Iran pegging to the USD and depegging from the Euro.. They didn't want a currency that was going into the gutter.

I don't think countries make a practice...

i believe the pound is the currency that will prevail..oil and gold will soar GPB gonna soar as well..all i know monthly is bullish and weekly and dailly..i aint selling till i see a reason and so far i see nothing
  • #238,052
  • Jul 14, 2010 1:27pm Jul 14, 2010 1:27pm
Quoting nAVIN2007
i believe the pound is the currency that will prevail..oil and gold will soar GPB gonna soar as well..all i know monthly is bullish and weekly and dailly..i aint selling till i see a reason and so far i see nothing
Definitely we are in a bullish mode right now, though I don't know if I would say Monthly bull yet.. the monthly is just riding the coattails of the daily and weekly right now, and even so I would say bull, we have not yet had a higher high or a higher low on any waves...
"Keep your eyes on the helpers" - Mr. Rogers
  • #238,053
  • Jul 14, 2010 1:27pm Jul 14, 2010 1:27pm
  •  Now
  • | Joined Aug 2006 | Status: 'I should have taken the money' | 654 Posts
Flight to safety reaction on post FOMC Mt Min.
JPY crosses taking lead together with DJ and S&P furtures.
Being right is one, taking it from the table is two.
  • #238,054
  • Jul 14, 2010 1:29pm Jul 14, 2010 1:29pm
  •  Now
  • | Joined Aug 2006 | Status: 'I should have taken the money' | 654 Posts
Commodity crosses also of their highs.
Being right is one, taking it from the table is two.
  • #238,055
  • Jul 14, 2010 1:30pm Jul 14, 2010 1:30pm
Quoting huskyboy
Well, profits booked and 2 orders taken at 1.5280 for the short side.

Love it when a plan comes together!


Magix what MA 200 are yo using ? I am asking this because at my daily the EMA200 is at 5375 ???
200ema applied to close
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #238,056
  • Jul 14, 2010 1:34pm Jul 14, 2010 1:34pm
Quoting Magix
200ema applied to close

thx but strange, have the same ema 200 and gives another result 53738 (fxpro)
  • #238,057
  • Jul 14, 2010 1:40pm Jul 14, 2010 1:40pm
Quoting huskyboy
thx but strange, have the same ema 200 and gives another result 53738 (fxpro)
I have pretty close to the exact number on the 4 sets of charts I am running, demo and live mode. Fxsol, alpari, acm, odl.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #238,058
  • Jul 14, 2010 1:48pm Jul 14, 2010 1:48pm
Quoting nAVIN2007
got this of the internet as i know nothing about it myself.

ron says:
February 11, 2010 at 10:31 am
amero currency is a right wing conspiracy theory along the lines of the tired new world order bullshit. it is supposed to be some secret north american currency after the US merges with canada and mexico. the left, the jews, whoever, engineered the financial crisis in part to institute this new currency, but the amero idea actually predates the collapse...
I would say it goes much deeper than a right wing conspiracy theory... More like and elietist theory of banks owning the whole world through the loans that they give out. I won't start a rant now, but the Amero will only bring down the US, just like the Euro has brought down Germany. You would think we would learn a lesson from the Euro how devistating it can be when first countries are not soverign in terms of being able to print interest bearing money owed to a instituiong (Fed, Central Bank) that at least in this country out to be deemed unconstitutional and interest owed is null and void at the very least. Much less the interest that has already been paid should also be paid back to we the people. The Fed should be beholden to the US Treasury, which will not happen until we the people print the money interest free and not the banks.

I could go on forever, but I will stop there... lol
"Keep your eyes on the helpers" - Mr. Rogers
  • #238,059
  • Jul 14, 2010 1:53pm Jul 14, 2010 1:53pm
Quoting Magix
I have pretty close to the exact number on the 4 sets of charts I am running, demo and live mode. Fxsol, alpari, acm, odl.

dont worry, thx
Another silly question perhaps but is it possible to have the daily ema200 on a h4 chart, the h4 ema200 on a h1 chart ...... so you could see the ranges in one chart?
  • #238,060
  • Jul 14, 2010 1:57pm Jul 14, 2010 1:57pm
Quoting damonl
I would say it goes much deeper than a right wing conspiracy theory... More like and elietist theory of banks owning the whole world through the loans that they give out. I won't start a rant now, but the Amero will only bring down the US, just like the Euro has brought down Germany. You would think we would learn a lesson from the Euro how devistating it can be when first countries are not soverign in terms of being able to print interest bearing money owed to a instituiong (Fed, Central Bank) that at least in this country out to be deemed unconstitutional...
1. How about we declare teh Fed unconstitutional and interest owed is not to be paid.

2. Give the money printing to the Treasury for interest free printing of money when congress approves.

3. Then the government can give very low "secured" interest loans to qualified people, and this interest becomes the tax base and little to no taxes need to be collected from the people. If any, just a small simple flat tax.

Problem solved I would think!

Sorry.. I will really stop now!
"Keep your eyes on the helpers" - Mr. Rogers
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