They never raised interest rate since 2001
Hero calls followed by margin calls...
Cable Update (GBPUSD)
- #271,541
- Feb 10, 2011 7:27am Feb 10, 2011 7:27am
- Joined Aug 2010 | Status: Tööröh | 14,292 Posts
- #271,542
- Feb 10, 2011 7:36am Feb 10, 2011 7:36am
- Joined Aug 2010 | Status: Tööröh | 14,292 Posts
Hero calls followed by margin calls...
- #271,543
- Feb 10, 2011 7:50am Feb 10, 2011 7:50am
- | Membership Revoked | Joined Mar 2010 | 3,853 Posts
All systems of divination, like music itself,work through patterns.
- #271,544
- Feb 10, 2011 7:52am Feb 10, 2011 7:52am
- Joined Aug 2010 | Status: Tööröh | 14,292 Posts
DX now at 7836 ,high of 7 feb. If it pushes through and holds i would then look to short cable below 16035 ..support from 4,8,9,10 Feb.
Hero calls followed by margin calls...
- #271,545
- Feb 10, 2011 7:54am Feb 10, 2011 7:54am
- Joined Aug 2010 | Status: Tööröh | 14,292 Posts
Hero calls followed by margin calls...
- #271,547
- Feb 10, 2011 8:01am Feb 10, 2011 8:01am
- Joined Aug 2010 | Status: Tööröh | 14,292 Posts
hi traders
i think is a pattern that makes the market goes down to at least 1.6000, exactly where my TP is .of course i considered stochastic and MA in my analysis as well
well if we break 6000 this baby will dip hard.
Ph.
Hero calls followed by margin calls...
- #271,549
- Feb 10, 2011 8:20am Feb 10, 2011 8:20am
- | Membership Revoked | Joined Mar 2010 | 3,853 Posts
chart?
All systems of divination, like music itself,work through patterns.
- #271,551
- Feb 10, 2011 8:29am Feb 10, 2011 8:29am
- Joined Aug 2010 | Status: Tööröh | 14,292 Posts
ok.
What we want and what we have.
We want: break of 6000 level....finally....
-----------------------------------------------------------
what we have :
fundies :
We had a lot n lot of bad u.k data this month and end fo january.
Bank of England didnt hike rates today , still 0,25 % interest rate ( which should actually weaken the pound.)
Then we got quiet ok/good job data figures from the u.su 1 hour ago.
Also technicals (daily charts) gbpusd,gbpjpy and gbpchf pointing down....
only gbpjpy is at critical resistance level 133.35.
So my line is the following : i stick to my gbpchf,gbpusd,gbpjpy shorts .... doesnt matter what usdchf and usdjpy do.
I will check how gbpchf and gpbjpy behave when gbpusd crosses and closes finally below 6000 psych/keylevel.
actually i planed with the 6000 approach some hours earlier....well sad game.
Charts :
everything depends on cable now..... usdx up, gbpx down .....gbpusd up..... lol. love this game
What we want and what we have.
We want: break of 6000 level....finally....
-----------------------------------------------------------
what we have :
fundies :
We had a lot n lot of bad u.k data this month and end fo january.
Bank of England didnt hike rates today , still 0,25 % interest rate ( which should actually weaken the pound.)
Then we got quiet ok/good job data figures from the u.su 1 hour ago.
Also technicals (daily charts) gbpusd,gbpjpy and gbpchf pointing down....
only gbpjpy is at critical resistance level 133.35.
So my line is the following : i stick to my gbpchf,gbpusd,gbpjpy shorts .... doesnt matter what usdchf and usdjpy do.
I will check how gbpchf and gpbjpy behave when gbpusd crosses and closes finally below 6000 psych/keylevel.
actually i planed with the 6000 approach some hours earlier....well sad game.
Charts :
everything depends on cable now..... usdx up, gbpx down .....gbpusd up..... lol. love this game
Hero calls followed by margin calls...
- #271,553
- Feb 10, 2011 8:49am Feb 10, 2011 8:49am
- Joined Aug 2010 | Status: Tööröh | 14,292 Posts
it makes senes
anyway cable is the worriest pair in forex this year so far. sick moves. ignores fundies completely so far.
this is a growing bubble, below 6000 we will see the rally.
i swear.
...lets concentrate on some cable charts again :
we got a descending triangle here, compression towards support zone 6000-6020.
some LL,LHs on the hourly
and a nice trendline on the weekly :
so i need to train in patience now
cannot do more.
like my analysis (braggert style
), fundies providing my line.kind. reg.
Ph.
Hero calls followed by margin calls...
- #271,554
- Feb 10, 2011 8:49am Feb 10, 2011 8:49am
- | Membership Revoked | Joined Mar 2010 | 3,853 Posts
All systems of divination, like music itself,work through patterns.
- #271,555
- Feb 10, 2011 8:59am Feb 10, 2011 8:59am
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
Thank You 
- #271,556
- Feb 10, 2011 9:15am Feb 10, 2011 9:15am
- Joined May 2009 | Status: User of Geppy patience pills | 7,645 Posts
okay throwing in the towel & closing out my long for a small loss. Not gonna hold this as price is now below the W1 pvp.
looks like bears are about to rip the sharks.
Don't be a hero. Don't have an ego. Always question yourself
- #271,558
- Feb 10, 2011 9:30am Feb 10, 2011 9:30am
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
Thank You
- #271,559
- Feb 10, 2011 9:52am Feb 10, 2011 9:52am
- Joined Aug 2010 | Status: Tööröh | 14,292 Posts
Hero calls followed by margin calls...
