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Cable Update (GBPUSD)

  • #251,221
  • Sep 6, 2010 8:15am Sep 6, 2010 8:15am
Quoting pawpaw1000
Nah, reckon we gonna have a slow march back up and then LO 2moro will show us the way...
Show me what you see. If not, I'll see u at 1.5190 in coming sessions.
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #251,222
  • Sep 6, 2010 8:16am Sep 6, 2010 8:16am
Quoting 4xStar
And you also think a band of cave-dwelling arabs were responsible for 911??

Theory stops being theory when if becomes fact and when enough facts support it. I don't think we're looking at Armageddon, but there are now clear signs that a 'one world currency' is in the making .. and the $ needs to 'die' for that to happen. Time will tell.

AAAH... a women near to my heart...

Agree 100%!
@pawpaw1000 on Twitter
  • #251,223
  • Sep 6, 2010 8:17am Sep 6, 2010 8:17am
Quoting 4xStar
And you also think a band of cave-dwelling arabs were responsible for 911??

Theory stops being theory when if becomes fact and when enough facts support it. I don't think we're looking at Armageddon, but there are now clear signs that a 'one world currency' is in the making .. and the $ needs to 'die' for that to happen. Time will tell.
Sorry, I misjudged you, 4xStar, as I've now realised with your comment about a one world currency being in the making.

I think it best to keep 9/11. and other such topics, out of this forum. There are plenty of other places on the internet where such matters to be discussed,

Good luck.
  • #251,224
  • Sep 6, 2010 8:21am Sep 6, 2010 8:21am
Quoting Bull_Bear
Show me what you see. If not, I'll see u at 1.5190 in coming sessions.
I agree we are in a downtrend on larger TF but just used to the biatch...

She usually drops and then retraces some during US or ASIA. If she does continue it will only be another 40 or so pips. This is the NORM of how I see her working.

Add to this that we had a 140 pip drop on US bank holiday and this chart at the bottom and you tell me where you think we are going in the next 4 - 8 hours?
Attached Image (click to enlarge)
Click to Enlarge Name: tradeg.gif Size: 60 KB
@pawpaw1000 on Twitter
  • #251,225
  • Sep 6, 2010 8:22am Sep 6, 2010 8:22am
Quoting gammase1
Sorry, I misjudged you, 4xStar, as I've now realised with your comment about a one world currency being in the making.
Bancor ... that's the name they are proposing...

http://www.imf.org/external/np/pp/eng/2010/041310.pdf
******************* I'd rather make money than be right.
  • #251,226
  • Edited 8:35am Sep 6, 2010 8:23am | Edited 8:35am
what ever u guys fight, i am long 10lotX10 at this area 53733....

good luck

g
  • #251,227
  • Sep 6, 2010 8:23am Sep 6, 2010 8:23am
Quoting gammase1
Sorry, I misjudged you, 4xStar, as I've now realised with your comment about a one world currency being in the making.

I think it best to keep 9/11. and other such topics, out of this forum. There are plenty of other places on the internet where such matters to be discussed,

Good luck.

Why would you say that?
@pawpaw1000 on Twitter
  • #251,228
  • Sep 6, 2010 8:24am Sep 6, 2010 8:24am
Quoting gammase1
Sorry, I misjudged you, 4xStar, as I've now realised with your comment about a one world currency being in the making.
I see you've removed your vouch since you disagree with my opinion. If I am proved right, do I get it back??
******************* I'd rather make money than be right.
  • #251,229
  • Sep 6, 2010 8:28am Sep 6, 2010 8:28am
Quoting HiCS
I think 2666ma=200 ma on 5min....

double check
I got it from someone else, but 5 x 200 = 1000 .. so it makes sense to me .. also it works to a 'T' so I'm keeping it.

Look at this, she does this all the time on 1 min....
Attached Image (click to enlarge)
Click to Enlarge Name: 1min.gif Size: 15 KB
******************* I'd rather make money than be right.
  • #251,230
  • Sep 6, 2010 8:31am Sep 6, 2010 8:31am
Quoting 4xStar
I see you've removed your vouch since you disagree with my opinion. If I am proved right, do I get it back??
It's not the disagreement, as I often have views that differ from people that I've vouched for, it's your mention of 9/11 that done it, along with your certainty about the NWO and single world currency being imminent.

good luck
  • #251,231
  • Sep 6, 2010 8:33am Sep 6, 2010 8:33am
Quoting pawpaw1000
I agree we are in a downtrend on larger TF but just used to the biatch...

She usually drops and then retraces some during US or ASIA. If she does continue it will only be another 40 or so pips. This is the NORM of how I see her working.

Add to this that we had a 140 pip drop on US bank holiday and this chart at the bottom and you tell me where you think we are going in the next 4 - 8 hours?
Those comments hightlighted are assumptions, I trade on facts of TL and S & R.

Where we goign in the next 4-8 hours? who knows as long as I'm in the right direction to hit my target is my ultimate goal in every trade. If i can be that precise i would be a gazillionair.

By the way your chart does not tell me much but hey it could be just me.
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #251,232
  • Sep 6, 2010 8:34am Sep 6, 2010 8:34am
Quoting 4xStar
Bancor ... that's the name they are proposing...

http://www.imf.org/external/np/pp/eng/2010/041310.pdf

From SDR to bancor

. A limitation of the SDR as discussed previously is that it is not
a currency. Both the SDR and SDR-denominated instruments need to be converted
eventually to a national currency for most payments or interventions in foreign exchange
markets, which adds to cumbersome use in transactions. And though an SDR-based system
would move away from a dominant national currency, the SDR’s value remains heavily
linked to the conditions and performance of the major component countries. A more ambitious reform option would be to build on the previous ideas and develop, over time, a
global currency. Called, for example, bancor in honor of Keynes, such a currency could be
used as a medium of exchange—an “outside money” in contrast to the SDR which remains


an “inside money”
@pawpaw1000 on Twitter
  • #251,233
  • Sep 6, 2010 8:34am Sep 6, 2010 8:34am
Quoting gammase1
It's not the disagreement, as I often have views that differ from people that I've vouched for, it's your mention of 9/11 that done it, along with your certainty about the NWO and single world currency being imminent.

good luck
But just not those views, right?
Time will tell who is right.
Good luck to you too.
******************* I'd rather make money than be right.
  • #251,234
  • Sep 6, 2010 8:36am Sep 6, 2010 8:36am
Quoting Bull_Bear
Those comments hightlighted are assumptions, I trade on facts of TL and S & R.

Where we goign in the next 4-8 hours? who knows as long as I'm in the right direction to hit my target is my ultimate goal in every trade. If i can be that precise i would be a gazillionair.

By the way your chart does not tell me much but hey it could be just me.
I guess so but you are also assuming your S/R will hold or break... We all working on assumptions but I don't see us having a 250 pip day today...
@pawpaw1000 on Twitter
  • #251,235
  • Sep 6, 2010 8:40am Sep 6, 2010 8:40am
Quoting MisterTrader
Although it looks pretty bullish medium-term ( next 16 hours ), I am looking for short entries below 1.5519. First target 1.5225.
Last print 1.5372. Stay short. Target still 1.5225.
________________________________ Errare humanum est
  • #251,236
  • Sep 6, 2010 8:44am Sep 6, 2010 8:44am
Quoting pawpaw1000
I guess so but you are also assuming your S/R will hold or break... We all working on assumptions but I don't see us having a 250 pip day today...
At least its a probable outcome with facts. Thats the differrence.

Never said I was looking for a 250pips day. I have held my trade since Friday and will continue to plough at my target as long as my technicals are still telling me to stay with the plan.

Good luck
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #251,237
  • Sep 6, 2010 8:44am Sep 6, 2010 8:44am
[quote=4xStar;4002186]There was something on Drudge last week .. major banks including Citibank, Chase & foreign banks are moving into CNY en masse ... maybe change 'years' to 'months' ... something is definitely afoot.
And whatever US doing with/to dollar, it is not by accident or stupidity....
Perhaps to break the backs of the Chinese poor who are at the moment the backbone of the growth of CNY. Hate to be political on this thread but cant really keep politics away from money. As predictions seem to be de rigour, i'd say a second revolution would be more in line rather than CNY becoming THE global currency.
All systems of divination, like music itself,work through patterns.
  • #251,238
  • Sep 6, 2010 8:45am Sep 6, 2010 8:45am
The 1m counter...

Hit daily range, added a few more, and have a couple of zones of possible retracement. Bearish tendency on the day, but with the sideways PA, buys off bottom, sells off top, we could easily see these ranges again.

With NY session being on Vacation today, not really looking for that much to happen. Stopped out longs, +20, rejoined on the shorts, +40, not a great start to the week, but I ain't gunna get all pissy n stuff with ya.

Good luck on the rest of the day guys.
Attached Image (click to enlarge)
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #251,239
  • Sep 6, 2010 8:46am Sep 6, 2010 8:46am
Quoting nAVIN2007
becarefull folks..4hr got diverence building..pretty strong looking as well

Hi Navin, are you going purely by the histogram? Its just that the macd lines on my provider still pointing down, so not totally convinced yet.

True, there may be a slight retrace purely on FE technicalities pro-tem.
  • #251,240
  • Sep 6, 2010 8:50am Sep 6, 2010 8:50am
Quoting Bull_Bear
At least its a probable outcome with facts. Thats the differrence.

Never said I was looking for a 250pips day. I have held my trade since Friday and will continue to plough at my target as long as my technicals are still telling me to stay with the plan.

Good luck
reckon the difference in TF is why we are having different views...

Seems like PA is dead atm and might stay that way until Asia...

Good Luck
@pawpaw1000 on Twitter
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