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Cable Update (GBPUSD)

  • #275,001
  • Mar 30, 2011 7:17am Mar 30, 2011 7:17am
Quoting redbeben
[font=verdana]I was talking about the nuclear plants some weeks ago and I said that they might reconsider this energy source.
I wonder what will they do now?

are they going to do anything? are we going to see it dive or not?..hmmmm

bbakker came with some good arguments last time but I just think that if 2-3 more plants go boom there will be no more Japan inhabited.

''Osaka was packed with refugees from Tokyo. Anyone with relatives in this massive city 300 miles west of Tokyo had moved for the duration, at least until the nuclear thing blew over....
insightfull post
  • #275,002
  • Mar 30, 2011 7:19am Mar 30, 2011 7:19am
Quoting redbeben
...
bbakker came with some good arguments last time but I just think that if 2-3 more plants go boom there will be no more Japan inhabited...
Don't forget that 2 atomic bombs were dropped on Japan at the end of World War 2, but that didn't stop people fleeing Japan with the nuclear fallout!

The radiation safety levels we are talking about are so low that it makes Chernobyl look like the end of the world and look what happened in the Ukraine and Europe after the meltdown!

There is background radiation all over the planet and although the levels are a little higher at the Fukushima Daiichi nuclear plant, people are going into panic mode! In all honesty, I believe this is totally overblown, but the way Tepco has handled it, it has made it worse!

I am not saying that this is not a serious incident, because it is and still needs to be dealt with, but we need to look at the facts.. not the hype!

P.S. Just cashed a little and moved my stop to BE prior to the news release!
  • #275,003
  • Mar 30, 2011 7:23am Mar 30, 2011 7:23am
Thanks for your analysis, I'm a medium term trader- week, 3 weeks.

Throw my fibs on weekly, analyze on daily.
Quoting DubaiFX
bro dont br fooled by daily vhart if you are a short term trader,

well iam short term trader and i am going short for a little 30-40 pips

short 1.6030
target 1.5990

my chart 15MIN.
lets see how it works..
i will waitfor 1h and will close if it is not workig..
  • #275,004
  • Mar 30, 2011 7:26am Mar 30, 2011 7:26am
come on cable, will you please move up?
Enter Signature
  • #275,005
  • Mar 30, 2011 7:28am Mar 30, 2011 7:28am
I'm so gonna drink some cold magners in summer

I still have a strog feeling the friday news will be bad as well for the poor USD.
  • #275,006
  • Mar 30, 2011 7:33am Mar 30, 2011 7:33am
[quote=gh0stjpy;4509375]
Quoting nAVIN2007
any idea whats happening in the match?

Tendulkar mo fo OUT haha!! needed get him out he's too good
  • #275,007
  • Mar 30, 2011 7:36am Mar 30, 2011 7:36am
I know this is not the right thread but I thought I'd give you guys a little heads up on NZDUSD which is coming into daily supply and re-engage the downtrend

0.7655 is the extreme of the supply zone, so a SL needs to be in place above that (i.e. 0.7665). I am looking at a 100-400 pip gain on this by splitting my position into 3. You can also wait for confirmation via PA before entering this short.

Good luck!
  • #275,008
  • Mar 30, 2011 7:43am Mar 30, 2011 7:43am
Quoting bbakker
I know this is not the right thread but I thought I'd give you guys a little heads up on NZDUSD which is coming into daily supply and re-engage the downtrend

0.7655 is the extreme of the supply zone, so a SL needs to be in place above that (i.e. 0.7665). I am looking at a 100-400 pip gain on this by splitting my position into 3. You can also wait for confirmation via PA before entering this short.

Good luck!
thanks buddy..gonna check that out too
we looking good now
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  • #275,009
  • Mar 30, 2011 7:49am Mar 30, 2011 7:49am
Quoting nAVIN2007
thanks buddy..gonna check that out too
we looking good now
Oh yeah baby!
  • #275,010
  • Mar 30, 2011 7:55am Mar 30, 2011 7:55am
[quote=nAVIN2007;4509515]
Quoting gh0stjpy

India all out 260, not a bad score and dunno if Pakistan will make it, i heard they better at bowling than batting, but am not big follower of cricket, jsut watch the BIG games and IPL , game on!!!
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  • #275,011
  • Mar 30, 2011 7:55am Mar 30, 2011 7:55am
Quoting bbakker
Oh yeah baby!
i reckon a fair few went long on the 4hr..i wonder if she will try take out the low of yesterday..would be a hell of a sell signal
  • #275,012
  • Mar 30, 2011 7:56am Mar 30, 2011 7:56am
[quote=gh0stjpy;4509585]
Quoting nAVIN2007

India all out 260, not a bad score and dunno if Pakistan will make it, i heard they better at bowling than batting, but am not big follower of cricket, jsut watch the BIG games and IPL , game on!!!
i havent got a clue either..i hope india win thou
  • #275,013
  • Mar 30, 2011 7:57am Mar 30, 2011 7:57am
[quote=gh0stjpy;4509585]
Quoting nAVIN2007

India all out 260, not a bad score and dunno if Pakistan will make it, i heard they better at bowling than batting, but am not big follower of cricket, jsut watch the BIG games and IPL , game on!!!
ps: if only dat Tendulkar had been out earlier he got most of their runs, they dropped him nuff times
  • #275,014
  • Mar 30, 2011 7:59am Mar 30, 2011 7:59am
[quote=nAVIN2007;4509589]
Quoting gh0stjpy

i havent got a clue either..i hope india win thou
haha we gonna lash u at home , then World War 3 prob kick off !!!
  • #275,015
  • Mar 30, 2011 8:01am Mar 30, 2011 8:01am
[quote=gh0stjpy;4509592]
Quoting gh0stjpy

ps: if only dat Tendulkar had been out earlier he got most of their runs, they dropped him nuff times
Tendulkar has officially being classified as 'felis catus'. That is a domestic cat to you and me with 9 lives!
  • #275,016
  • Mar 30, 2011 8:01am Mar 30, 2011 8:01am
[quote=gh0stjpy;4509597]
Quoting nAVIN2007

haha we gonna lash u at home , then World War 3 prob kick off !!!
i wont be surprised if there is a fight after..lol

1.57 could be on!!
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  • #275,017
  • Mar 30, 2011 8:04am Mar 30, 2011 8:04am
Quoting nAVIN2007
i reckon a fair few went long on the 4hr..i wonder if she will try take out the low of yesterday..would be a hell of a sell signal
That is why I am taking some profit off the table and let the last runner do its thing! 1.55 is not out of the question, but very long-term, I am bullish on cable!
  • #275,018
  • Mar 30, 2011 8:07am Mar 30, 2011 8:07am
''There was more of the same in the market today: economic news was terrible, but the market rallied yet again. Housing prices? DOWN. Consumer confidence? DOWN. European debt? DOWNgraded again. Japanese nuclear debris? Getting worse. Dow Industrials? Rallied over +100 points from the low.

The S&P Case-Shiller HPI (home price index) was much worse than anticipated again. From the report we read “Keeping with the trends set in late 2010, January brings us weakening home prices with no real hope in sight for the near future” says David M. Blitzer, Chairman of the Index Committee at Standard & Poor's. “With this month’s data, we find the same 11 MSAs posting new recent index lows. The 10-City and 20- City Composites continue to decline month-over-month and have posted monthly declines for six consecutive months now. These data confirm what we have seen with recent housing starts and sales reports. The housing market recession is not yet over, and none of the statistics are indicating any form of sustained recovery. At most, we have seen all statistics bounce along their troughs; at worst, the feared double-dip recession may be materializing.”

The prior consumer confidence level came in at 72.0. Today’s data point crashed to 63.4. Bloomberg said the following “A surge in inflation expectations, to 6.7 percent one-year out from February's 5.6 percent, headlines a disappointing Conference Board report for March that confirms significant deterioration underway in consumer confidence. High food and especially high gas prices are behind the heightened inflation expectations which are eroding consumer confidence in their income. Those seeing their income falling over the next six months now equal those seeing an increase, a shift lower from three prior months when optimists had outnumbered pessimists. The assessment of the jobs market is also deteriorating in what contrasts with this month's tangible improvement in jobless claims. Those saying jobs are currently hard to get rose two tenths to 44.6 percent. For the six-month view on jobs, pessimists are once again outnumbering optimists.”

But who needs a job, or confidence, or low prices, or a rising income, or a steady to improving housing market? After all, AAPL is going up. “Let them eat iPads” says the Fed. With the final release of the consumer confidence data, the stock market exploded higher and never looked back.

Congress is taking care of the housing market though, with new regulation – right? A provision of the Dodd-Frank Act that was supposed to be tough on fraudulent banksters is known as “skin-in-the-game.” This provision would force banksters to keep 5%, yes 5-whole-percent, on their books. The reasoning is that the banksters would be less inclined to underwrite garbage loans, which would keep the overall housing market healthy.
Ah yes, this “sounds” wonderful, until you hear about the “exemptions.” Similar to the Obamacare exemptions that relieve hundreds of thousands of campaign contributors (read: unions http://washingtonexaminer.com/blogs/beltway-confidential/2011/01/unions-make-40-percent-employees-exempted-obamacare) the banking cabal was easily able to keep Hope & Change at bay in favor of business as usual.

According to MarketWatch who obtained this provision before anyone else “…loans sold to mortgage-refinance giants Fannie Mae and Freddie Mac would carry no risk-retention requirement as long as the mortgage giants remained in government conservatorship. Fannie and Freddie were both taken under conservatorship in September 2008, at the height of the financial crisis.

”These loans wouldn’t have to meet new strict underwriting standards for exemption set out in the proposal, but they must already meet underwriting standards that Fannie and Freddie generally require. Roughly 90% of all new loans today are sold to Fannie and Freddie.”

This is so ludicrous you might think I’m pulling your leg, but I assure you I am not. The only purpose to have a “skin-in-game” provision that is completely gutted is for the purpose of lying. Politicians on both sides of the isle will tell their moronic, non-thinking, sound-bite loving, sophistry-craving bases that he “got tough on banks;” that she “voted to make banks have skin-in-the-game,” all the while never mentioning the truth…and gladly accepting bribes, err, campaign contributions from the same banksters.

In essence, nothing will change. Already 90% of loans are sold to Fannie & Freddie so 90% of all would-be regulatory teeth have been extracted. Given this handout to the banking cabal you can bet 100% of all loans will soon be sold to Fannie & Freddie, which means 100% of all risk, will be carried by the taxpayer.

Question: Will this provision increase competition for mortgages or decrease it? Will this provision help the taxpayer get out from under the crushing weight & debt burden of FNM & FRE – or pin him there? Sadly, you know the answers.

Until the nonsensical sound bites of “drill baby drill” on the right, and “hope & change” on the left are scorned for the claptrap that they are and details are demanded – this sort of garbage will continue in Washington.

But hey – no worries, equities rallied again. “Let them eat iPads!”
  • #275,019
  • Mar 30, 2011 8:11am Mar 30, 2011 8:11am
Quoting bbakker
I know this is not the right thread but I thought I'd give you guys a little heads up on NZDUSD which is coming into daily supply and re-engage the downtrend

0.7655 is the extreme of the supply zone, so a SL needs to be in place above that (i.e. 0.7665). I am looking at a 100-400 pip gain on this by splitting my position into 3. You can also wait for confirmation via PA before entering this short.

Good luck!
Hmm let me know how it goes, i got a hedged +10/-100 position on that.....(I use a foreign broker, and I made my money on shorting the yen pairs, so no worries), I still need to unload this position, preferably for double profit, albeit it's a precarious situation. So i'm looking forward to solid resistance zones.
  • #275,020
  • Mar 30, 2011 8:15am Mar 30, 2011 8:15am
Quoting redbeben
as I mentioned this morning a pull back to 1.599X -1.6 as per the following chart
H4 trendline broke and now we need to test it in order to rely on it for a higher move....and the test is circled in red on the chart + a 1.6110 flat KS on ichi H1

does the last chart look familiar? look at the new one.....well well we touched the circled level I mentioned .
be aware that if the trendline holds the price above that line for the next 45 min the trend will be up to over 1.61 as predicted.
if not then it was a fake brakeout.

this pullback was needed in order to build the H4 cross still to come.
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