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Cable Update (GBPUSD)

  • #256,721
  • Sep 28, 2010 9:53am Sep 28, 2010 9:53am
wrong chart. I posted USDCAD instead of USDCHF. A heavy buy signal is coming soon on USDCHF as shown. It will sell for a while maybe.[ATTACH]
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Dear God, Help me to see myself the way you see me.
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  • #256,722
  • Sep 28, 2010 9:54am Sep 28, 2010 9:54am
Quoting AdrianHNV
Tell me where it states this. please. I will research it more......
Research it yourself, Adrian. Try IMF reports or the FT website - particularly old Martin Wolf essays or Lex columns.

Off the top of my head, roughly, consumer debt to disposable income ratio in the US is about 125-130%, compared to 170% in the UK.*

*I stand to be corrected on these figures....
  • #256,723
  • Sep 28, 2010 9:55am Sep 28, 2010 9:55am
Quoting PipChick
Come on over..the crowd is getting larger by the minute. lol
sorry to hear of yur losses guys..no doubt thou, u will recover loss..
  • #256,724
  • Sep 28, 2010 9:58am Sep 28, 2010 9:58am
Quoting gammase1
Actually, it's true, Adrian. The consumer in the UK is the most indebted out of the leading economies, carrying a far higher debt burden - compared to disposable incomes - than that of the struggling US consumer.
But rather than saving, consumers are now paying off debt! I know so far it is a small fraction of the total, but it is a step in the right direction. Even a baby could get credit in this country a few years back and now when the sun ain't shining they won't give a penny out. Did you read about the builder who built a brick wall at the entrance of Barclays Bank because he couldn't get credit... lol

http://www.bbc.co.uk/news/uk-england-dorset-11417204
  • #256,725
  • Sep 28, 2010 9:59am Sep 28, 2010 9:59am
not making a single trade until 8:30am (GMT) Wednesday the market is to erratic for me.

I done for today.
Our beliefs are based on logic and the pursuit of clearity.
  • #256,726
  • Sep 28, 2010 10:01am Sep 28, 2010 10:01am
Quoting gammase1
Research it yourself, Adrian. Try IMF reports or the FT website - particularly old Martin Wolf essays or Lex columns.

Off the top of my head, roughly, consumer debt to disposable income ratio in the US is about 125-130%, compared to 170% in the UK.*

*I stand to be corrected on these figures....
Sure, but think of the magnitude of each situation. The US has 300 million people while the UK has 61.5 million. Which would you say is the bigger issue?
check out my blog: forexmademillionaire dot com
  • #256,727
  • Sep 28, 2010 10:02am Sep 28, 2010 10:02am
Quoting pips stunner
wrong chart. I posted USDCAD instead of USDCHF. A heavy buy signal is coming soon on USDCHF as shown. It will sell for a while maybe.[ATTACH]Attachment [/ATTACH]








Dear God, Help me to see myself the way you see me.
if u look at the dailly u will see new high the new low..tell u market reversed direction..there no signal to take a long what so ever!

u are taking a stab at the market blindfolded..is nothing more than a hunch
tell me why u think up is the direction?
  • #256,728
  • Sep 28, 2010 10:03am Sep 28, 2010 10:03am
Quoting bbakker
But rather than saving, consumers are now paying off debt! I know so far it is a small fraction of the total, but it is a step in the right direction. Even a baby could get credit in this country a few years back and now when the sun ain't shining they won't give a penny out. Did you read about the builder who built a brick wall at the entrance of Barclays Bank because he couldn't get credit... lol

http://www.bbc.co.uk/news/uk-england-dorset-11417204
  • #256,729
  • Sep 28, 2010 10:05am Sep 28, 2010 10:05am
Quoting Geppy
Sure, but think of the magnitude of each situation. The US has 300 million people while the UK has 61.5 million. Which would you say is the bigger issue?
The bigger issue for the global economy is the indebtedness in the US, obviously. That fact is a complete no-brainer. However, on a like-for-like basis, the UK consumer is in far worse shape than their counterparts in the US.

I am not commenting on this in relation to cable, merely responding to a poster who didn't believe that the UK consumer was the most indebted out of the leading economies.

However, UK policymakers would be very happy for UK citizens to have the same debt levels as those in the US. It would certainly make the de-leveraging process far less painful.
  • #256,730
  • Sep 28, 2010 10:05am Sep 28, 2010 10:05am
Quoting pips stunner
wrong chart. I posted USDCAD instead of USDCHF. A heavy buy signal is coming soon on USDCHF as shown. It will sell for a while maybe.
While you are talking UC, it is true we are in the monthly demand zone, but be careful because when that low was made in March 2008, it is very wicky and you have to drill down to a really small timeframe to find any meat. I am waiting for the new demand to form before I go long on this pair or wait for a confirmation trade to go long.

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  • #256,731
  • Sep 28, 2010 10:07am Sep 28, 2010 10:07am
this move down is not for long. 1.5710 my target to close all shorts and possible long entry also........

Quoting master4forex
cabel keep give the bearish spike... and say bye bye for bullish
  • #256,732
  • Sep 28, 2010 10:09am Sep 28, 2010 10:09am
closed my long here 15796. enough fun for one day

good luck with your trades everyone.
  • #256,733
  • Sep 28, 2010 10:19am Sep 28, 2010 10:19am
I am out of here too... Much better for me today than it was yesterday that is for sure!
  • #256,734
  • Sep 28, 2010 10:19am Sep 28, 2010 10:19am
I LV GBP This for u
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  • #256,735
  • Sep 28, 2010 10:26am Sep 28, 2010 10:26am
Quoting nAVIN2007
if u look at the dailly u will see new high the new low..tell u market reversed direction..there no signal to take a long what so ever!

u are taking a stab at the market blindfolded..is nothing more than a hunch
tell me why u think up is the direction?

its a hell buy on weekly charts.. as shown bro.. but it may take a while. Daily chart is just entering buy area so it may sell for a while.. this is a weekly chart.
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  • #256,736
  • Sep 28, 2010 10:27am Sep 28, 2010 10:27am
Quoting wormboy
hehe

shouldn't be long. usually things get moving wednesday onwards. In this case bullish continuation is more likely the outcome imo. 880 is not a big resistance, the real test is @970.

Hope you're trading well my friend. good luck!
still ranging, bullish overall. I still reckon 970 is coming.
good luck selling for 1.51 or 1.42 ... or whatever
Thank You
  • #256,737
  • Edited 10:58am Sep 28, 2010 10:34am | Edited 10:58am
Quoting wormboy
still ranging, bullish overall. I still reckon 970 is coming.
good luck selling for 1.51 or 1.42 ... or whatever
lol... well it's nice to see someone agrees.

welcome back bro

once we break back above 15827, we should see more upside.
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  • #256,738
  • Sep 28, 2010 10:36am Sep 28, 2010 10:36am
Have orders placed to buy 15755,15730,15705 still in uptrend-will be surprised if orders get filled,but worth a shot all the same,I reckon
  • #256,739
  • Sep 28, 2010 10:41am Sep 28, 2010 10:41am
Quoting Fudomyo
lol... well it's nice to see someone agrees.

welcome back bro

plenty of room to fall before trend turns bearish. wpp held and we didn't even hit the inside LTL on the last drop.
good to be back bro, how have you been, hope all is great

yup, & the current H4 bar is resting on the monthly supp/res, mean looking hammer too. That don't look like sellers to me.
Thank You
  • #256,740
  • Sep 28, 2010 10:43am Sep 28, 2010 10:43am
close all short in 5734... for 210 pips profit. now i let prev long since 53xx and 54xx running...and looking for new long position.

happy trading all....


Quoting iqyu5an
still down to test 5735 ish...
not euphoria follower
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