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Cable Update (GBPUSD)

  • #275,861
  • Apr 8, 2011 8:31am Apr 8, 2011 8:31am
I can't believe some want to short G/U and saw someone in here laugh at a good school of thought, saying using USD INDEX to determine entry is useless or baseless!!!!!!! This moves continues until Monday close
  • #275,862
  • Apr 8, 2011 8:36am Apr 8, 2011 8:36am
I thot u knew better, the man ur laughing at knows more than u ever knew.... Yes USD Index is used to determine trade's.

Quoting PoundTrader
is this what you use to base your trades?
  • #275,863
  • Apr 8, 2011 8:41am Apr 8, 2011 8:41am
This is good profit making, good enough there are some who have tasted real trading and not noise trading!!!!!

Quoting ndsouz
Time 2 open up a bottle of champaign. 75k in profits this week .. going bullish on eu and gu
  • #275,864
  • Apr 8, 2011 8:48am Apr 8, 2011 8:48am
check my post 1402 about gold
  • #275,865
  • Apr 8, 2011 8:50am Apr 8, 2011 8:50am
Quoting Shadip
As if it broke while i was writig FML
now now don't cry there ) there will be other chances but still this one does not give me enough confidence to long it to 1.6445.

and I guess that by the time I will figure it out it might already be up there .
or,I might have had the right feeling and we see this retrace continue down.
  • #275,866
  • Apr 8, 2011 8:53am Apr 8, 2011 8:53am
Quoting harigp
check my post 1402 about gold
silver is also up anyway . It's all started with Egyptian Oil . Thanks To Oil , We Heavily rely on OIL , where's the clean energy ? The Inflation has eaten us all
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  • #275,867
  • Apr 8, 2011 9:00am Apr 8, 2011 9:00am
Quoting redbeben
now now don't cry there ) there will be other chances but still this one does not give me enough confidence to long it to 1.6445.

and I guess that by the time I will figure it out it might already be up there .
or,I might have had the right feeling and we see this retrace continue down.
Aha I'm cool, had enough losses rushing inm just waiting for my H1 to close, if higher than 1.6388, i'll get a micro lot in ;0
  • #275,868
  • Apr 8, 2011 9:03am Apr 8, 2011 9:03am
Quoting Shadip
Aha I'm cool, had enough losses rushing inm just waiting for my H1 to close, if higher than 1.6388, i'll get a micro lot in ;0
Long at 1.6389, Sl-1.6379, Tp-1.6439
  • #275,869
  • Apr 8, 2011 9:04am Apr 8, 2011 9:04am
I was wondering if the oil price will go even higher now that Japan closed 3-4 nuclear reactors (meaning I was kind of right when I said they will do it at one point)after the last quake.
so....either the world will change it fast to solar or wave or wind power either the oil demand will go up up up and the price as well and and and .....and then what?

I'm pretty sure countries are already working on it to reduce the foreign oil consumption and it's only a matter of time until solar pain will cover buildings and electric cars will roam on our streets

actually did you notice something? did you see that most of the new electric cars will be available starting 2012? paranoia inside me tells me that by 2012 oil will drop as the demand for it as mobility fuel will decrease.
afterall the technology is here already,tesla is building state of the art EV's that have a range as big as an US car but the majority of the auto makers still wait the 2012....I wonder why ? maybe a oil bubble about to burst ?
  • #275,870
  • Apr 8, 2011 9:19am Apr 8, 2011 9:19am
Quoting ndsouz
Time 2 open up a bottle of champaign. 75k in profits this week .. going bullish on eu and gu
Do you provide signals, I think you should begin open your zulu account and make a real fortune there
  • #275,871
  • Apr 8, 2011 9:24am Apr 8, 2011 9:24am
Quoting redbeben
I was wondering if the oil price will go even higher...
Well if they make it affordable , if they price it like BMW or Mercedez Benz I'm sure there will be no effect at all. a Hybrid car has cost me a lot for initial investment and yeah it reduces my oil consumption. I'm talking about new Lexus RX 450 Hybrid
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  • #275,872
  • Apr 8, 2011 9:41am Apr 8, 2011 9:41am
Quoting Mrleeforex
Well if they make it affordable , if they price it like BMW or Mercedez Benz I'm sure there will be no effect at all. a Hybrid car has cost me a lot for initial investment and yeah it reduces my oil consumption. I'm talking about new Lexus RX 450 Hybrid
new S model from tesla is some 30k eur with an autonomy of over 400 km
I own a citroen C4 diesel that has a fuel consumption of only 3.5-5l/100 km and I have the old model.the new one has even lower consumption.

anyway renault and citroen already have models in production for some 20-25 k but autonomy is merely 150 km (more than enough for commuters though)
so...if even the big companies are changing it shouldn't we ask some questions ?
  • #275,873
  • Apr 8, 2011 9:50am Apr 8, 2011 9:50am
Quoting redbeben
new S model from tesla is some 30k eur with an autonomy of over 400 km
I own a citroen C4 diesel that has a fuel consumption of only 3.5-5l/100 km and I have the old model.the new one has even lower consumption.

anyway renault and citroen already have models in production for some 20-25 k but autonomy is merely 150 km (more than enough for commuters though)
so...if even the big companies are changing it shouldn't we ask some questions ?
ok Back to GU , I don't see any significant movement here hmm, why US$ is still strong despite of government probably shutting down ? and UK session will close soon , will GU go reverse from there ? what do you think ?
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  • #275,874
  • Apr 8, 2011 9:52am Apr 8, 2011 9:52am
Quoting Shadip
Long at 1.6389, Sl-1.6379, Tp-1.6439
this is why I prefered to stay out of it
  • #275,875
  • Apr 8, 2011 9:56am Apr 8, 2011 9:56am
hi all
i am in "UPTREND"

breakes resistance, lateral some candles above support (previous resist), then up to other resistance

until something fundamentals will make it change way n breake below support.

till that, buy dips.
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90% of traders use TA, indicators and prediction
  • #275,876
  • Apr 8, 2011 10:00am Apr 8, 2011 10:00am
Quoting redbeben
this is why I prefered to stay out of it

Hahaha, i got out ages ago, i was scared whe the market failed to hit my sl by 6 micro pips, so got out at B/E...

Goa stop now, too may trades is defo my downside, I'll call it a week

See you on the 12th
  • #275,877
  • Edited 10:51am Apr 8, 2011 10:06am | Edited 10:51am
Quoting Mrleeforex
ok Back to GU , I don't see any significant movement here hmm, why US$ is still strong despite of government probably shutting down ? and UK session will close soon , will GU go reverse from there ? what do you think ?

Sorry to ask , working long hours 4 days and i am outdated when comes to news. What is the news US goverment shutting down?
  • #275,878
  • Apr 8, 2011 10:57am Apr 8, 2011 10:57am
Okay back from dinner so it seems US is prepared for government shutdown, now the USD didnt strengthen though... dont get me wrong no no.. USD didnt strengthen suggests Friday Profit Taken by big firms holding Pound... this doesnt change my prospect, keep watching the GU, next week will be buy on retrace as US goes through a government shut down aftermath to resolve budget talks... the longer it takes the worse it will be for the USD so im Bullish at that... because of Oil price increase with middle east uncertainty...
Government shut down is a good thing when you compare it to having an agreement, let me see if i can find the analysis i posted earlier...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #275,879
  • Apr 8, 2011 10:59am Apr 8, 2011 10:59am
Quoting bguguen
Okay guys the US economy is in a shitty situation...

heres why, i remain bullish on GU for next week, however next week intraday retracements would happen but still bullish over the week

keep buying on dips as long as this whole government shutdown is an issue... Government shutdown is a Lose Lose situation even if it doesnt happen...

If it happens: Halt in tourism, one of biggest factor in us economy
halt in Fed bank services to retail bank across US , and half ot loans out to private sector

If it doesnt happen: Effects even worse......
Heres the analysis, Bias remain bullish next week for me probably buy on dips, the drop in GBPUSD is solely explained by Big firms taking profit at near week end... since i dont see any Dollar strengthening in USDX... anways have a good weekend and see you all next week
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #275,880
  • Apr 8, 2011 11:26am Apr 8, 2011 11:26am
Quoting fendi
I thot u knew better, the man ur laughing at knows more than u ever knew.... Yes USD Index is used to determine trade's.
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