Attachments: Cable Update (GBPUSD)

Cable Update (GBPUSD)

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#304,461
Mar 21, 2012 11:14am Mar 21, 2012 11:14am

baherhosni
Joined Jan 2011 | Status: Trader | 1,560 Posts

Quoting Faller

Disliked

Everyone has been talking about Diamond patterns lately.....here is another one

Ignored

We are getting rich.. Here is a puzzle: how many diamonds can you identify in the following image? hehe

Sorry for all the clutter!!

Attached Image (click to enlarge)

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Size: 47 KB

I still need a trading break soon!!! "Loose some to win more" --Baher A.

#304,462
Mar 21, 2012 11:26am Mar 21, 2012 11:26am

Faller
Joined Aug 2010 | Status: Trader | 3,185 Posts

For my fellow traders......some information -

Pimco's Mather sees 5-10% drop in GBP/USD by year end

FX Commentary

Source: Sources
Wed, 12:19 21-03-2012

Pimco's Mather goes long USD vs. EUR, GBP, AUD

FX Commentary

Source: Sources
Wed, 12:19 21-03-2012

Pimco's Mather says AUD/USD could tumble to 0.9000 by year end

FX Commentary

Source: Sources
Wed, 12:19 21-03-2012

I don't trust any move - when you have profit...take it.

#304,463
Mar 21, 2012 11:42am Mar 21, 2012 11:42am

PoundTrader
Joined Sep 2010 | Status: Life Time Member | 6,685 Posts

Quoting Faller

Disliked

Really quite in here today......wuz up people?

Ignored

whats up is that the market been quite all week.

#304,464
Mar 21, 2012 11:44am Mar 21, 2012 11:44am

Faller
Joined Aug 2010 | Status: Trader | 3,185 Posts

Quoting PoundTrader

Disliked

whats up is that the market been quite all week.

Ignored

its only Wednesday!!!!! the best is yet to come!

I don't trust any move - when you have profit...take it.

#304,465
Mar 21, 2012 11:48am Mar 21, 2012 11:48am

Fx.Fishermen
| Commercial User | Joined Feb 2012 | 51 Posts

in daily we have Perfect Head & shoulder + macd is not supporting up move.
so can say 156xx will be visited soon.
on sell mode. GBPUSD.

i think Japanese are tired also now sold too many YEN so its will be retracing to 100-150 pips down.
my targets ate 132.00 then 131.20
sold both
lets see..

Choose.Wisely

#304,466
Mar 21, 2012 12:38pm Mar 21, 2012 12:38pm

Faller
Joined Aug 2010 | Status: Trader | 3,185 Posts

Developing Diamond......

Attached Image (click to enlarge)

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Name: Diamond.jpg
Size: 165 KB

I don't trust any move - when you have profit...take it.

#304,467
Mar 21, 2012 2:53pm Mar 21, 2012 2:53pm

glenngie
| Joined Nov 2009 | Status: Trader | 1,365 Posts

I am short and with Pimco buying the dollar and Spain's trouble's I would think we would head down a lot quicker....but we have some big time support here and the run up still seems to have some legs.

#304,468
Mar 21, 2012 3:12pm Mar 21, 2012 3:12pm

Ill-b-back
Joined May 2011 | Status: Get to the Chopper | 17,905 Posts

Quoting glenngie

Disliked

I am short and with Pimco buying the dollar and Spain's trouble's I would think we would head down a lot quicker....but we have some big time support here and the run up still seems to have some legs.

Ignored

I can't help but agree here. It just keeps on chugging north against the tide. There must be a reason for this.

Come with me if you want to live....

#304,469
Mar 21, 2012 3:53pm Mar 21, 2012 3:53pm

nAVIN2007
Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts

Quoting Ill-b-back

Disliked

I can't help but agree here. It just keeps on chugging north against the tide. There must be a reason for this.

Ignored

yes my analysis

dont f%%$ with meh positions

#304,470
Mar 21, 2012 4:02pm Mar 21, 2012 4:02pm

Ill-b-back
Joined May 2011 | Status: Get to the Chopper | 17,905 Posts

Quoting nAVIN2007

Disliked

yes my analysis

dont f%%$ with meh positions

Ignored

you're a funny bugger bro

Fundamentally though, my general thought is the USD is gradually losing it's shine in favour of Gold since the US is in the economic clappers big time and I honestly don't think they will have any choice but to keep printing. China will continue to hedge this weakening dollar with Gold buys since they hold so much US debt. Any comments on this? I have my own private thoughts about China and the future.

Come with me if you want to live....

#304,471
Mar 21, 2012 4:04pm Mar 21, 2012 4:04pm

Ill-b-back
Joined May 2011 | Status: Get to the Chopper | 17,905 Posts

Quoting Ill-b-back

Disliked

you're a funny bugger bro
Fundamentally though, my general thought is the USD is gradually losing it's shine in favour of Gold since the US is in the economic clappers big time and I honestly don't think they will have any choice but to keep printing. China will continue to hedge this weakening dollar with Gold buys since they hold so much US debt. Any comments on this? I have my own private thoughts about China and the future.

Ignored

By economic clappers I don't just mean there current economic outlook but masses of debt they owe.

Come with me if you want to live....

#304,472
Mar 21, 2012 4:20pm Mar 21, 2012 4:20pm

Faller
Joined Aug 2010 | Status: Trader | 3,185 Posts

Quoting Ill-b-back

Disliked

By economic clappers I don't just mean there current economic outlook but masses of debt they owe.

Ignored

I am tending to the bbq right now....but in short. USA is turning the corner - USD strength has been showing for a while now. USA debt as a ratio of GDP is lower the Japan and I believe Germany which are the other big boys on the GDP block - USA did things out of the gate with QE1 and QE2 where Britian and Euro lagged....remember when Trichet was increasing rates last year while USA was lowering and easing......well it is now Euro and Britians turn to ease more......USA is moving forward - Britian and Euro are at a stand still and slowly moving backwards....watch for Aud GDP tonight and China numbers as well.....then we have Britian retail sales tomorrow.....

I don't trust any move - when you have profit...take it.