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Cable Update (GBPUSD)

  • #300,321
  • Feb 9, 2012 8:35am Feb 9, 2012 8:35am
Quoting bguguen
problem with the USD is that a lot of country's currencies are linked with the USD as a norm for trade... a luxury which the EURO doesnt possess.....
did i mention gold futures are dealt directly in USD??
gosh there are so many things linked to the USD that makes the USD practically invincible regardless with its debt...
as long as USD has a current account surplus, they can finance their debt
which if i remember it correctly... their current account trade balance is headed back/about to head back to positive... thats the reason why the debt in...
You also forget that countries that used $ in the past for transactions are now opting for transacting in their local currencies. China and Japan is one example that recently hit the news headlines. These are the kind of news events that have a serious long-term effect on a currency, not some twitter shite or ForexLive BS.
  • #300,322
  • Feb 9, 2012 8:36am Feb 9, 2012 8:36am
Quoting Tsar
Hi Brian,

Glad to see you too...


Best Regards,
Tsar
u2 buddy hope all is well
  • #300,323
  • Feb 9, 2012 8:37am Feb 9, 2012 8:37am
Quoting Tsar
Hi PoundTrader,

Glad to see you again, too
Still like Before (when I left 8 Month before), No Changes your C...

Okey... We Discuss about GU Now.
What Time Frime (TF) you use and your SL ?
Sometimes effect the NEWS Not same with our Opinion. Market always RIGHT !

Remember, I'm Not Openned MT4 Now.
I try... give my Analyse (hope Correct) with Candle Formation and Chart Pattern only
i use daily time frame and always take a look at the previous weekly TF, and as far as s/l and t/p well thats base on math in my systems, it will take days to explains. oh by the way i don't use charts just the data from daily and weekly TF
  • #300,324
  • Feb 9, 2012 8:39am Feb 9, 2012 8:39am
Quoting bbakker
You also forget that countries that used $ in the past for transactions are now opting for transacting in their local currencies. China and Japan is one example that recently hit the news headlines. These are the kind of news events that have a serious long-term effect on a currency, not some twitter shite or ForexLive BS.
and yet 80% of the world still trade $$$ as main currency,doesnt matter if your somewhere deep in Russia ,or in the middle of Africa dollar gonna be accepted no problems,not your youan or jen.
  • #300,325
  • Feb 9, 2012 8:39am Feb 9, 2012 8:39am
Quoting bbakker
You also forget that countries that used $ in the past for transactions are now opting for transacting in their local currencies. China and Japan is one example that recently hit the news headlines. These are the kind of news events that have a serious long-term effect on a currency, not some twitter shite or ForexLive BS.
I know i know...
but the chance of china being the next world currency is practicallly 0% as long as the PBOC is still in control of the currency
not gona talk about the YEN...
im seeing a major weekness on the verge of happening for the YEN...
Japan Debt to GDP Above 200%
and their Trade balane turning negative... they will soon need to find a way to payback their debt and they will be having trouble finding a solution...
probably another reason why the JAPS car manufacturers found it better to manufacture in US now lol.... i wonder what would happen to the smaller companies... will they survive with such a strong yen???
we'll see....

Come to think of it... magazines talking oh how China MAY be the next world currency and all that bull shit is simply nice to read but impossible to implement...
hypothetical bull shit on the magazines, analysts who tries to predict as far as stuff happening in 20 years time is what i call bull shit thank you very much!
These articles are literally financial market gossip big ones too...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #300,326
  • Feb 9, 2012 8:40am Feb 9, 2012 8:40am
Quoting gsantri
SIAP hehe
Need your Help, Bro.
To Post your Chart in H1 and H4 (I hope can see Candle with Clear)
Also if you can, give S/R more Better.. :nerd:

Thank's before...
Always looking the GREAT, never left GOOD Point...
  • #300,327
  • Feb 9, 2012 8:50am Feb 9, 2012 8:50am
Quoting bguguen
Come to think of it... magazines talking oh how China MAY be the next world currency and all that bull shit is simply nice to read but impossible to implement...
hypothetical bull shit on the magazines, analysts who tries to predict as far as stuff happening in 20 years time is what i call bull shit thank you very much!
These articles are literally financial market gossip big ones too...
Totally agree it is all BS, let the charts do the talking!
  • #300,328
  • Feb 9, 2012 8:54am Feb 9, 2012 8:54am
Quoting bbakker
Totally agree it is all BS, let the charts do the talking!
Agreed... but i got reasons to say why USD may start to turn upwards

im seeing USDX about to reach the bottom on a trend i posted a couple posts back...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #300,329
  • Feb 9, 2012 9:00am Feb 9, 2012 9:00am
Quoting Tsar
Need your Help, Bro.
To Post your Chart in H1 and H4 (I hope can see Candle with Clear)
Also if you can, give S/R more Better.. :nerd:

Thank's before...
.
Attached Image(s) (click to enlarge)
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  • #300,330
  • Feb 9, 2012 9:01am Feb 9, 2012 9:01am
Quoting pinkiaiii
and yet 80% of the world still trade $$$ as main currency,doesnt matter if your somewhere deep in Russia ,or in the middle of Africa dollar gonna be accepted no problems,not your youan or jen.
You are putting words in my mouth because I didn't say that. All I am saying is that certain countries have made the decision to transact between them in their own currency. You are right, 80% of the world transactions are in USD, but decisions like the one made by Japan and China means that this % is slowly being chipped at. It may take decades or even centuries before it is significantly less, but the process has started.
  • #300,331
  • Feb 9, 2012 9:05am Feb 9, 2012 9:05am
Quoting bbakker
You are putting words in my mouth because I didn't say that. All I am saying is that certain countries have made the decision to transact between them in their own currency. You are right, 80% of the world transactions are in USD, but decisions like the one made by Japan and China means that this % is slowly being chipped at. It may take decades or even centuries before it is significantly less, but the process has started.
process has started but no doubt obstacles arise may cause them to give up this plan of using their own currency to transact...
but i suppose if obstacles happen for China and Japan, China is the more likely candidate to survive and carry on with their plans
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #300,332
  • Feb 9, 2012 9:06am Feb 9, 2012 9:06am
Quoting bguguen
Agreed... but i got reasons to say why USD may start to turn upwards

im seeing USDX about to reach the bottom on a trend i posted a couple posts back...
That bottom on USDX was put in place back when EURUSD was 1.49. Now ~1.20 will provide stiff support but I do not see it going to parity, not according to my montly/weekly charts.

But of course this can change... time will tell.

Anyway, we are digressing...

Wish you success with your trading!
  • #300,333
  • Feb 9, 2012 9:06am Feb 9, 2012 9:06am
what's the reason for this 20 pips sell off on GU ?
  • #300,334
  • Feb 9, 2012 9:09am Feb 9, 2012 9:09am
Quoting bbakker
That bottom on USDX was put in place back when EURUSD was 1.49. Now ~1.20 will provide stiff support but I do not see it going to parity, not according to my montly/weekly charts.

But of course this can change... time will tell.

Anyway, we are digressing...

Wish you success with your trading!
actually 1.2 is my target... holy shit its like u can read my mind...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #300,335
  • Feb 9, 2012 9:09am Feb 9, 2012 9:09am
Quoting logo
what's the reason for this 20 pips sell off on GU ?
are you serious??

more like whats the reason for this 500 pip rally on GU since 1.52...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #300,336
  • Feb 9, 2012 9:10am Feb 9, 2012 9:10am
Quoting PoundTrader
i use daily time frame and always take a look at the previous weekly TF, and as far as s/l and t/p well thats base on math in my systems, it will take days to explains. oh by the way i don't use charts just the data from daily and weekly TF
I need to know, your Trading Style used, Bro.
Every Trader must be HAVE it. No Need Learn ALL Indies, but choice your Indies like and Learn with seriosly...

Start with Lower TF Candle will first move and Highest TF is the Last (Start with M1 and then M5 - M15 - M30 and another TF) You can see it with Open another Windows for this.
If you Not Use Chart... only DATA. This BIG Mistake, my friend. So Sorry
See the Great Treaders like Ed Seykota, Richard Dennis and another 'always' use CHART for Trade and make Analyse. And use DATA is for Support for their Analyse.

I was use A Lot Indies to Trade, but ONLY Candle Formation and Chart Pattern most (always) given TRUE (my Experience)
And Learn too where the Support Resistance, it will be Help to make Posisition Setup.
Always looking the GREAT, never left GOOD Point...
  • #300,337
  • Feb 9, 2012 9:17am Feb 9, 2012 9:17am
Quoting bguguen
are you serious??

more like whats the reason for this 500 pip rally on GU since 1.52...
just shows that all is relative.
so why the move from from 86 to 36 in 5 minutes?
  • #300,338
  • Feb 9, 2012 9:19am Feb 9, 2012 9:19am
Quoting bguguen
actually 1.2 is my target... holy shit its like u can read my mind...
It is because we read the higher timeframe chart the same
  • #300,339
  • Feb 9, 2012 9:23am Feb 9, 2012 9:23am
Quoting logo
what's the reason for this 20 pips sell off on GU ?
Quoting bbakker
Many traders on FF are obsessed with the individual news announcement without looking at the bigger picture.
Never question little 20 pip movements. The market fluctuates as buyers and sellers open or close positions.

You need to learn how the market operates, try to understand what moves price and why price oscillates.
  • #300,340
  • Feb 9, 2012 9:33am Feb 9, 2012 9:33am
OK. Thanks a lot
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