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Cable Update (GBPUSD)

  • #300,721
  • Feb 16, 2012 7:47am Feb 16, 2012 7:47am
Quoting duca
go down?
Seems not yet. The American data has come.
  • #300,722
  • Feb 16, 2012 7:54am Feb 16, 2012 7:54am
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  • #300,723
  • Feb 16, 2012 7:57am Feb 16, 2012 7:57am
Right... so US has some really rosy Numbers, however the Prick Ben Ben is about to speak... and guess what hes gona point out... he'll be talking how the CPI has fallen to 0.1% and talk about his fear of a growing weakness in inflation...
he may use this to his advantage to push for QE3... by weakening the dollar, hopefully a weaker dollar would attract demand for the dollar therefore rebolstering the inflation to keep US economy growing...

The US economy has been in fear of a low inflation that could cause a slow growth/recovery in the economy...

Dont be surprised if GBPUSD, and EURUSD, retrace some...
Ben may try to Weaken the USD by talking lots of bollocks about the need for QE3, but the Dollar will strengthen in the medium term...

if ben bernanke is dovish on the USD, talks of qe3 and all that bull shit, expect slight retracements in the risk pairs, meaning EURUSD, GBPUSD may go up a bit,

If ben is hawkish about the USD, focusing on how their mandate on increasing employment is a sign of strength in the economy to recover, this baby will fly...

Let see what this clown is gona say...
My bet is he will probably slow down the USD strength... that prick is so determined to bring out QE3... what a douchebag he is... he should be shot...

For me the USD is still Bullish, and i expect strength still even with a possible hiccup caused by ben soon... but ive pushed my TP for my 3 Longs on UJ, from 79,79,80 to 79,79.5,80
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #300,724
  • Feb 16, 2012 8:06am Feb 16, 2012 8:06am
Quoting bguguen
Right... so US has some really rosy Numbers, however the Prick Ben Ben is about to speak... and guess what hes gona point out... he'll be talking how the CPI has fallen to 0.1% and talk about his fear of a growing weakness in inflation...
he may use this to his advantage to push for QE3... by weakening the dollar, hopefully a weaker dollar would attract demand for the dollar therefore rebolstering the inflation to keep US economy growing...

The US economy has been in fear of a low inflation that could cause a slow growth/recovery in the economy......
srly you must be reading my mind,was juust thinking the same everytime he talks the dollar losses value,hes like anti-chirst or some $hit to the $ ,also i think eu leaders are always happy to hear him talk especially now since theres not much stopping europe from second recession.So lets se how this day ends.
  • #300,725
  • Feb 16, 2012 8:09am Feb 16, 2012 8:09am
Quoting pinkiaiii
srly you must be reading my mind,was juust thinking the same everytime he talks the dollar losses value,hes like anti-chirst or some $hit to the $ ,also i think eu leaders are always happy to hear him talk especially now since theres not much stopping europe from second recession.So lets se how this day ends.
Have you ever thought that the FED is actually owned by the EUROPEANS?? particularly the BRITS control the FED... why do you think the CITY of London manages 80%+ of world's transactions??
Ben Bernanke is the Big Boy's Puppet!
the brits owns the fed... well actually the CITY of London owns the FED... thats why when USD is on track to strengthen Ben will come out to slow it down or STOP the strength in USD...
Just look at the board of directors in the FED and research what they own..
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #300,726
  • Feb 16, 2012 8:10am Feb 16, 2012 8:10am
Quoting musani
Big move will comming in today

because???????????? chart? thoughts? insight?
I don't trust any move - when you have profit...take it.
  • #300,727
  • Feb 16, 2012 8:12am Feb 16, 2012 8:12am
Quoting Faller
because???????????? chart? thoughts? insight?
All the more reason why im frustrated bout these kind of people... no analysis no nothing... might as well shut up...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #300,728
  • Feb 16, 2012 8:14am Feb 16, 2012 8:14am
perhaps 1.5650.
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  • #300,729
  • Feb 16, 2012 8:18am Feb 16, 2012 8:18am
Bullish support at 38.2 and momentum studies trying to rise. Trendline resistence here, could be a bullish breakout or a fakeout and reversal. For me to much of a gamble for a few pip.
See not that hard just justify your view of the market.
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  • #300,730
  • Feb 16, 2012 8:19am Feb 16, 2012 8:19am
Quoting bguguen
Uh oh... what happened lol... Jobless claim in US Fell... i wonder if that has to do with the fact that NFP published earlier this month created a lot more jobs than expected... hence a lesser people unemployed as we see..
i say... Dollar Strength, dollar strength and dollar strength indeed...

watchout for the kneejerk reactions though... GBPUSD spiked up for a moment there cuz people are covering their longs, closing their longs so that they can go Bullish the Dollar...

Dollar bull is obvious everywhere now... watch your asses... Dollar bears...
Yawn...

First - how does cable spike up "cuz people are covering their longs" - I have never heard of anyone covering their longs......covering their shorts yes.....and when you cover shorts - price can go up.....you have me confused on that.....

Second - As for dollar strength I pointed that out long time ago see here February 6th with a daily chart of the USDX http://www.forexfactory.com/showthre...55#post5360955 -

Anyway - my big confusion is how can cable price go up when people are closing their longs.....thanks.


Faller
I don't trust any move - when you have profit...take it.
  • #300,731
  • Feb 16, 2012 8:21am Feb 16, 2012 8:21am
There may be a correlation between EUR / CAD and GBP / Yen. (I / CAD up gbp / yen up? Eur / gbp yen fall down down?)
" you can't consume more than you produce "
  • #300,732
  • Feb 16, 2012 8:24am Feb 16, 2012 8:24am
Quoting Faller
First - how does cable spike up "cuz people are covering their longs" - I have never heard of anyone covering their longs......covering their shorts yes.....and when you cover shorts - price can go up.....you have me confused on that.....

Second - As for dollar strength I pointed that out long time ago see here February 6th with a daily chart of the USDX http://www.forexfactory.com/showthre...55#post5360955 -

Anyway - my big confusion is how can cable price go up when people are closing their longs.....thanks.


Faller...
Sorry i shouldn't talk about Covering anything... After the Press release... the knee jerk reaction is most likely big boys pushing the market to a better price... in this case... Pushing the GBPUSD up to take out Existing Short SL for one side of their profit THEN... Placing Shorts themselves at a higher price...
somewhat like positioning the market for a better price to short while screwing existing retail shorts...
get my drift??
sorry for the confusion there...

And so did i pointed out the USDX strength 2 or so weeks ago... heres the picture i supplied
http://www.forexfactory.com/attachme...1&d=1328877749
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #300,733
  • Feb 16, 2012 8:25am Feb 16, 2012 8:25am
Quoting Flatfish
Bullish support at 38.2 and momentum studies trying to rise. Trendline resistence here, could be a bullish breakout or a fakeout and reversal. For me to much of a gamble for a few pip.
See not that hard just justify your view of the market.


I like your chart - maybe because it looks the same as mine!!! Our trendlines are almost exactly the same! Have you been spying on me?

Nice chart!

Faller
Attached Image (click to enlarge)
Click to Enlarge Name: Chart of GLOBEX~@6BH2 similar.jpg Size: 153 KB
I don't trust any move - when you have profit...take it.
  • #300,734
  • Feb 16, 2012 8:26am Feb 16, 2012 8:26am
Quoting bguguen
Sorry i should talk about Covering anything... After the Press release... the knee jerk reaction is most likely big boys pushing the market to a better price... in this case... Pushing the GBPUSD up to take out Existing Short SL for one side of their profit THEN... Placing Shorts themselves at a higher price...
somewhat like positioning the market for a better price to short while screwing existing retail shorts...
get my drift??
sorry for the confusion there...

all good! I see what you mean!
I don't trust any move - when you have profit...take it.
  • #300,735
  • Feb 16, 2012 8:32am Feb 16, 2012 8:32am
As i remember the spikes during the news is lack of liquidity in other words no one wants to sell or buy during the news,so if big order comes in it (spikes) moves market ,until the amount it gets filled in fully,sorta should be as futures trading.
  • #300,736
  • Feb 16, 2012 8:36am Feb 16, 2012 8:36am
Quoting Faller
I like your chart - maybe because it looks the same as mine!!! Our trendlines are almost exactly the same! Have you been spying on me?

Nice chart!

Faller
Channels are pretty good in this type of market- where no one has any real idea as to what is true value. We need to see a solid break of the upper trendline with a bullish candle for a valid break. Although euro rising market looks like it wants to sell euros as soon as it can. If eur/gbp consolidates cable could stay pretty flat while euro rises.
  • #300,737
  • Feb 16, 2012 8:43am Feb 16, 2012 8:43am
Quoting Flatfish
Channels are pretty good in this type of market- where no one has any real idea as to what is true value. We need to see a solid break of the upper trendline with a bullish candle for a valid break. Although euro rising market looks like it wants to sell euros as soon as it can. If eur/gbp consolidates cable could stay pretty flat while euro rises.

and i like your statement about the consolidation in eur/gbp.. definitely agree on that.. and looks like we have same views mostly..
  • #300,738
  • Feb 16, 2012 9:05am Feb 16, 2012 9:05am
Quoting abdul_halim
Test
long...
SL 5641
TP close manually depend on price movement
already lock @BE
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  • #300,739
  • Feb 16, 2012 9:08am Feb 16, 2012 9:08am
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90% of traders use TA, indicators and prediction
  • #300,740
  • Feb 16, 2012 9:09am Feb 16, 2012 9:09am
Quoting smikester
Chart:

Attachment
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