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Cable Update (GBPUSD)

  • #303,481
  • Mar 13, 2012 1:12pm Mar 13, 2012 1:12pm
Quoting bguguen
dude the only reason why candle can look like it breaks a trendline temporarily is because SPIKES DO HAPPEN.... the price dont just STOP exactly where the trendlines are... very often they pierce and get rejected closing back failing to break in this case... we see the last 2 months or so it tried to pierce but failed to Close breaking the Upward trend... its as simple as...

With MACD on the Red theres a Bearish bias to break below rather that upwards...
also MA5 is below MA14 which is yet another sign for bears... all we need is Standard Deviation...
I give up!

And your maths is poor!
http://www.forexfactory.com/showthre...81#post5471581

I am out of here!
  • #303,482
  • Mar 13, 2012 1:13pm Mar 13, 2012 1:13pm
Quoting bguguen
on a longer term chart the longer the trendline goes the significance/power of the trendline starts to fade thats why you can see price Poking above it for a breif mome
Half your chart space is taken up with those indicators. You need to get rid of those if you are going to draw meaningful trend lines. By the way, I am not taking part in this discussion.
Gone to a better place
  • #303,483
  • Mar 13, 2012 1:15pm Mar 13, 2012 1:15pm
Quoting bbakker
I give up!
i give up too... in time we'll see whats gona happen... if it goes as you planned then i have to yet to learn to deal with very Long term charts like you do... if you look at my trade style with the GBPUSD ill probably fit a Short-term to Medium Term trader... definitly not long term...

i have yet a lot to learn but its been an interesting debate... now lets focus on FOMC coming in in a minute's time!
lets focus what we are dealing with now and let the Long term play out by itself...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #303,484
  • Mar 13, 2012 1:17pm Mar 13, 2012 1:17pm
Quoting smikester
Half your chart space is taken up with those indicators. You need to get rid of those if you are going to draw meaningful trend lines. By the way, I am not taking part in this discussion.
probably so... i need a bigger screen lol im in UK right now with my 13" macbook pro lol.... not very productive huh...
and yea im giving up on the longterm charts debates now... exhausted and dont really care tbh... ill just let the long term play it out while i make my profits in the short-medium term charts...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #303,485
  • Mar 13, 2012 1:20pm Mar 13, 2012 1:20pm
Quoting bguguen
i give up too... in time we'll see whats gona happen... if it goes as you planned then i have to yet to learn to deal with very Long term charts like you do... if you look at my trade style with the GBPUSD ill probably fit a Short-term to Medium Term trader... definitly not long term...

i have yet a lot to learn but its been an interesting debate... now lets focus on FOMC coming in in a minute's time!
lets focus what we are dealing with now and let the Long term play out by itself...

i think with time u will be a good trader but u will learn a lesson..and that is fundamentalist often get it wrong..why?

they dont trust what they see..
I think u may learn this lesson but i do believe u will be a good trader..young jedi

i also learning brian is got a lot of strength in fundies
  • #303,486
  • Mar 13, 2012 1:22pm Mar 13, 2012 1:22pm
the never ending discussion about TL?
eheheh
funny!

btw strong up-move today in GU
what caused that?
anticipation of FOMC?
actually i see price goin around WP.

will wait to see if something will be clear after fomc moves
looks like 5770-80 will be visited soon
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  • #303,487
  • Mar 13, 2012 1:22pm Mar 13, 2012 1:22pm
Hmm unless Reuters are full of shit otherwise...
http://www.reuters.com/article/2012/...82412N20120306

"It is difficult to add all these contingent liabilities up with any degree of precision, although it is hard to see how they would not exceed 1 trillion euros," the IIF, which represented private creditors in months of tortuous debt negotiations with Athens, said in the February 18 document obtained by Reuters.

If the PSI deal didnt happen Greece default would've caused the eurozone 1 trillion euro fallout... now the PSI deal is done... indeed shrinking Debt to GDP ratio in Greece from 160% to 120%, 120% is still unsustainable.. simply means their whole economy production wont even be able to pay for the debt...
soo debt will still roll on and interest will still roll on and get compounded... it wont be long before we get a repeated scenario... i hope no body is dumb enough to think this is the first time this happened... the recent PSI deal is the 2nd of its kind... the first one happened back in 2009 and look where greece managed to get with it... 160% debt to GDP... to start of the same thign at 120% debt to GDP, i wonder will 160% come back in less than a year's time,hmm ill give it a year and a half if greece doesnt default...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #303,488
  • Mar 13, 2012 1:26pm Mar 13, 2012 1:26pm
Hmmm heres the statement

http://www.federalreserve.gov/newsev.../20120313a.htm

Apparently no note of any plans for QE3
but noted improved employment...

I guess im back in the SHORT EURUSD and SHORT GBPUSD band wagon then...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #303,489
  • Mar 13, 2012 1:28pm Mar 13, 2012 1:28pm
Quoting smikester
Half your chart space is taken up with those indicators. You need to get rid of those if you are going to draw meaningful trend lines. By the way, I am not taking part in this discussion.
LOL.. yeah, it's quite a lengthy discussion about TLs... ahahah.. let's them discuss mate.. anyway, there's no other way the price can go other than south.. let them have their time.. lol.
  • #303,490
  • Mar 13, 2012 1:30pm Mar 13, 2012 1:30pm
Quoting A-speculator
LOL.. yeah, it's quite a lengthy discussion about TLs... ahahah.. let's them discuss mate.. anyway, there's no other way the price can go other than south.. let them have their time.. lol.
THERE ARE TIMES EVERYTHING AND NOTHING WORKS AT SAME TIME
  • #303,491
  • Mar 13, 2012 1:31pm Mar 13, 2012 1:31pm
Well cable is capable of making a monkey out of the best traders - like what happened to that support? - and wtf happened to that trend line - and like what? the pound is worth 2 dollars? no way... then the next day it touches 61.8 to 1/10 of a pip and here is an interesting link and it's worth reading the comments below as well.

http://www.forexlive.com/blog/2009/1...e-about-cable/
Gone to a better place
  • #303,492
  • Mar 13, 2012 1:32pm Mar 13, 2012 1:32pm
Quoting A-speculator
LOL.. yeah, it's quite a lengthy discussion about TLs... ahahah.. let's them discuss mate.. anyway, there's no other way the price can go other than south.. let them have their time.. lol.
WTF dude... i am also saying GBPUSD is going south... havnt i been saying i short at 1.5800 tp at 1.5450 and 1.5210?? aint that my south bias???

Im getting some pros here like nAVIN and bbaker calling a rise to 1.65 and potentially 1.73 mate... of course im against that...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #303,493
  • Mar 13, 2012 1:33pm Mar 13, 2012 1:33pm
Quoting nAVIN2007
THERE ARE TIMES EVERYTHING AND NOTHING WORKS AT SAME TIME
yeah, as i said earlier on, as long as the price doesn't violate 5740, the bears are safe..
  • #303,494
  • Mar 13, 2012 1:34pm Mar 13, 2012 1:34pm
Quoting bguguen
WTF dude... i am also saying GBPUSD is going south... havnt i been saying i short at 1.5800 tp at 1.5450 and 1.5210?? aint that my south bias???

Im getting some pros here like nAVIN and bbaker calling a rise to 1.65 and potentially 1.73 mate... of course im against that...
lol.. have your time mate debating that.. lol.
  • #303,495
  • Mar 13, 2012 1:34pm Mar 13, 2012 1:34pm
Quoting smikester
Well cable is capable of making a monkey out of the best traders - like what happened to that support? - and wtf happened to that trend line - and like what? the pound is worth 2 dollars? no way... then the next day it touches 61.8 to 1/10 of a pip and here is an interesting link and it's worth reading the comments below as well.

http://www.forexlive.com/blog/2009/1...e-about-cable/

aww bless him
  • #303,496
  • Mar 13, 2012 1:35pm Mar 13, 2012 1:35pm
Quoting bguguen
Hmm unless Reuters are full of shit otherwise...
http://www.reuters.com/article/2012/...82412N20120306

"It is difficult to add all these contingent liabilities up with any degree of precision, although it is hard to see how they would not exceed 1 trillion euros," the IIF, which represented private creditors in months of tortuous debt negotiations with Athens, said in the February 18 document obtained by Reuters.

If the PSI deal didnt happen Greece default would've caused the eurozone 1 trillion...

News for the sheeple. Always do your own research!
  • #303,497
  • Mar 13, 2012 1:38pm Mar 13, 2012 1:38pm
Quoting bbakker
News for the sheeple. Always do your own research!
Too bad market is more focused on mainstream bullshit than anything... also the reason why americans are dumb enough to vote for Santorum, Gingrich and Romney clearly supporting Gay Marriage where as the only person capable of taking on obama is ron paul without a doubt... too bad the general public is ignorant... hence the reason why headlines in forex moves markets the most...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #303,498
  • Mar 13, 2012 1:38pm Mar 13, 2012 1:38pm
4h atm prints a very interesting candle.. how's that for bulls? i don't think that a bullish candle.. let's see where it manage to close..
  • #303,499
  • Mar 13, 2012 1:40pm Mar 13, 2012 1:40pm
Quoting A-speculator
4h atm prints a very interesting candle.. how's that for bulls? i don't think that a bullish candle.. let's see where it manage to close..
Hi5 GBPUSD bear!
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #303,500
  • Mar 13, 2012 1:47pm Mar 13, 2012 1:47pm
Quoting bguguen
Hi5 GBPUSD bear!
yeah, thanks to you who managed to influence all people in this thread to go short.. lol..

yeah, Hi5 mate..
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