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Cable Update (GBPUSD)

  • #261,581
  • Oct 24, 2010 6:28am Oct 24, 2010 6:28am
Quoting WanderingDan


That said, your fellow Countrymen do you or themselves any favours, as they continue to bolster the league tables in respect of Corruption, fraud and theft.

Granted, assuming everyone is the same will not help those who are genuine. But the stastics make for a bad taste in the rmouth of Western Europeans.

.
Oh,so a few Nigerians scamming for 000's bolster the league tables in corruption do they?

Get real...Western financial institutions have been doing it for centuries on such a massively larger scale that the comparison is almost unimaginable
  • #261,582
  • Oct 24, 2010 6:31am Oct 24, 2010 6:31am
Quoting chazzle
Oh,so a few Nigerians scamming for 000's bolster the league tables in corruption do they?

Get real...Western financial institutions have been doing it for centuries on such a massively larger scale that the comparison is almost unimaginable
Absolutely impossible to argue with you on that score.

You only have to look at the derivatives that into this mess.

My point was only that I see both sides to the comments.
Anyway, no offence was intended.
Dan TheMan
  • #261,583
  • Oct 24, 2010 7:33am Oct 24, 2010 7:33am
long..short...long..short...n now i saw 1.55-1.53 number ..

so fun..that is why i love forex
  • #261,584
  • Oct 24, 2010 7:46am Oct 24, 2010 7:46am
Quoting grashid
long..short...long..short...n now i saw 1.55-1.53 number ..

so fun..that is why i love forex
yeah im eying these targets too..but G20 outcome could make USD weaker.. i expect consolidation tomorrow before break of support.
  • #261,585
  • Oct 24, 2010 8:05am Oct 24, 2010 8:05am
Quoting iezzzwan
yeah im eying these targets too..but G20 outcome could make USD weaker.. i expect consolidation tomorrow before break of support.
go ahead mate..i did told u guys....its a game n some of us know about it...
G20 ? forget about that mate..take a look ur weekly n monthly right now...what did this ass**** told u...

good luck mate..

am off again

g
  • #261,586
  • Oct 24, 2010 9:19am Oct 24, 2010 9:19am
Quoting grashid
long..short...long..short...n now i saw 1.55-1.53 number ..

so fun..that is why i love forex
dude, everything alright?
Enter Signature
  • #261,587
  • Oct 24, 2010 10:39am Oct 24, 2010 10:39am
[quote=bigwal;4117758]
Quoting bigwal
Im selling under this trendline 1.5741

Its been a great week for me intraday trading.

Thought i would pop in, its Saturday night and life is good.

Placed a withdrawal with my broker 10.50am on friday, 11.10am in my bank..........sweet.

I am relaxed with my trade decisions, i am truly happy. This is the part where i must warn myself about being complacent.

Good luck to all for next week.
Wow what broker will release the withdrawal amaount that fast ??
  • #261,588
  • Oct 24, 2010 12:16pm Oct 24, 2010 12:16pm
[quote=trendspider;4118307]
Quoting bigwal

Wow what broker will release the withdrawal amaount that fast ??
Trendspider,

Im in the uk. My broker has several offices round the globe, 1 of them is in the uk.

as long as i fill out a withdrawal form before 11am gmt, and put that i wish to have it in my account today. I think they do a withdrawal run @ 11am for this purpose.

Yep got it in my bank which i checked online just after 11am same day. so if they do the withdrawal run @ 11, it took about 10 minutes to hit my bank.

Warren

p.s Looks like we may be going down to 1.55 ish before a bounce, but this looks like its heading south, how far who knows......... i will play it up and down
I need to finish something i started
  • #261,589
  • Oct 24, 2010 12:34pm Oct 24, 2010 12:34pm
Quoting bigwal
p.s Looks like we may be going down to 1.55 ish before a bounce, but this looks like its heading south, how far who knows......... i will play it up and down
Is this what your looking at Warren?
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #261,590
  • Oct 24, 2010 12:49pm Oct 24, 2010 12:49pm
Quoting Magix
Is this what your looking at Warren?
there is more there Magix, the ema 100 is around there and there's the kumo support.
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  • #261,591
  • Oct 24, 2010 12:56pm Oct 24, 2010 12:56pm
Quoting Magix
Is this what your looking at Warren?
Nice chart bro
I think u point safest point to close sell @ 5575 And i think this is lowest point to down in my view @ 5175
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  • #261,592
  • Oct 24, 2010 1:03pm Oct 24, 2010 1:03pm
Magix,

Yes, the fact that support is there on the weekly, i have s&r there. matched with your 200 ema on your daily chart. One other thing its 170 odd pips to there ish, thats a good days range. When it get there its not going to have the muscle to break.not tommorow anyway. I would say we will have a bounce.

Just about to have dinner i will post a chart to show what i assume will happen from open. this is only a thought and i have been watching it play out like this all week.

Give me 1/2 hour

Warren
I need to finish something i started
  • #261,593
  • Oct 24, 2010 1:14pm Oct 24, 2010 1:14pm
  •  IbkA
  • | Joined Nov 2009 | Status: 'Hope' + 'Greed' = GAMBLING... | 514 Posts
Hello, there.

I disagree that my fellow countrymen don't do ME any favours, because they are individuals and I suspect that whether they were Nigerians or not, they would still commit the crimes they do.

I don't know where you're from, but if you were from a certain western european country which exports a high number of paedophiles who go abroad to abuse young girls (and boys), I think you'd take exception if someone were to say one of those paedophiles 'isn't doing youpersonally any favours'. You'd take exception because the person committing the crime isn't representing you, you just happen to come from the same country as them and they'd probably commit the same crime if they weren't from that country.

I guess the 'thoughts of many' are that 'western european' governments have plundered many of these third world countries of oil & gold; gone and started unnecessary wars in countries flowing with oil, accepted billions of looted money of these 'fraudsters' into bank accounts here while shamelessly pointing their fingers at these league tables of the same thieves whose money they so willingly accept. I guess nobody's doing anyone any favours here either are they now?

Just as you know a Nigerian whose 2 brothers have been convicted of fraud; I have a friend, who is western european (English), whose brother is in prison for burglary - that still doesn't bolster any argument that all English folks are burglars or that all of them would go and invade a country illegally to loot it of it's oil.

I belong to a fellowship that visits prisoners and I see the ethnic mix of people in prison. Yes, there may be more Nigerians in there for fraud, but it doesn't make Nigerians worse or better than a western european bank manager who willingly accepts the dubious proceeds of a fraudsters' activity into their bank, to boost the banks' profits or indeed than a western european paedophile. They're equally vile, and both criminals if you ask me, and their race or ethnicity doesn't have anything to do with this fact.

If one adopts the stance that being a Nigerian means one is more likely to commit fraud, then does that make the stance that being a Western European means one is more likely to be a paedophile, and less likely to commit fraud acceptable?

I was born here, and spent 10 years in Nigeria, before returning to live here, so I've seen both sides of the coin; there's good and bad in Nigeria, but there's also good and bad here; everyone is an individual and I never go judging anyone on their ethnicity, religion, gender or anything; that's shallow and that, indeed is what's not doing anyone any favours.

Hope that clarifies my stance.

i




Quoting WanderingDan
I agree with you Ibka.

It's not pleasant to read sweeping generalisations, that tar everyone with the same brush.

That said, your fellow Countrymen do not do you or themselves any favours, as they continue to bolster the league tables in respect of Corruption, fraud and theft.

Granted, assuming everyone is the same will not help those who are genuine. But the stastics make for a bad taste in the mouth of Western Europeans.

I have a good friend, born in Nogeria, working for a reputable uk broker.
Both of his brothers have been convicted of...
  • #261,594
  • Oct 24, 2010 1:29pm Oct 24, 2010 1:29pm
Anyone short from Friday?
  • #261,595
  • Oct 24, 2010 1:42pm Oct 24, 2010 1:42pm
I can see a pull back from the open back to the trendline. If the trendline holds which im sure it will, a drop from there which my work out to be start of asian session. break and retest of fridays low around london session (early doors)

By us open we could have traveled to our weekly res area/ your 200ema . Bears would be running out of steam by that point in the day, gbp/usd would have moved its average. So im looking for all the limit buys to kick in at some point us session tommorow. where would that take us to ?

Maybe back up to the trendline again for the bears to resume their attack tuesday.

The pressure is down lots of it, at what point in the trading session does price attack a res level i think is important.

Around London open = lots of momentum

late in the us session= loss of momentum

This is my crystal ball theory, lol.... if that trendline holds tonight, and we push down from it we could play out something like above.

Warren
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I need to finish something i started
  • #261,596
  • Oct 24, 2010 1:45pm Oct 24, 2010 1:45pm
divergence still in play ?
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  • #261,597
  • Oct 24, 2010 1:47pm Oct 24, 2010 1:47pm
Quoting bigwal
I can see a pull back from the open back to the trendline. If the trendline holds which im sure it will, a drop from there which my work out to be start of asian session. break and retest of fridays low around london session (early doors)

By us open we could have traveled to our weekly res area/ your 200ema . Bears would be running out of steam by that point in the day, gbp/usd would have moved its average....
Excellent analysis of the current trend Warren.

FWIW, I am of the bearish mind on this pair so am in agreement with you.

I just really like when people not only post their analysis, but back it up with a chart. It helps stimulate the conversation and allows newer members and forex beginners a chance to see and make sense of where we might be headed.

Thanks for the reply Warren.

All the green you can handle this week.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #261,598
  • Oct 24, 2010 1:50pm Oct 24, 2010 1:50pm
Guys just seen all your charts (egKid,Huskyboy) we have confluence.

is price going to test bottom of the bucket ???
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I need to finish something i started
  • #261,599
  • Oct 24, 2010 1:54pm Oct 24, 2010 1:54pm
Quoting Makeveli
Anyone short from Friday?
Yes. Been short a week now.
Si vis pacem, para bellum.
  • #261,600
  • Oct 24, 2010 2:07pm Oct 24, 2010 2:07pm
Thank you Magix,

I dont post where im buying or selling, purely because newer people need to recognise what is happening on the chart rather than blindly follow trades.

To be truthful i dont know at what point im going to enter yet. I will see what PA does around those lines of interest.

It is about newer people seeing the patterns when the are complete which leads them to recognise a pattern as its forming,in time gives them the belief to place a trade with conviction.

Magix, I have looked at your threads and indis and they confuse the hell outta me.......lol, i just cant use them. But you are a great mentor to alot of people, along with others on this thread.

It means alot for your comment on my chart an analysis, i am begining to believe.

Regards

Warren
I need to finish something i started
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