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Cable Update (GBPUSD)

Quoting Faller
Everyone has been talking about Diamond patterns lately.....here is another one
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)
Click to Enlarge Name: gbpusd-2011032211800-1.gif Size: 47 KB
I still need a trading break soon!!! "Loose some to win more" --Baher A.
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.
Quoting Faller
Really quite in here today......wuz up people?
whats up is that the market been quite all week.
Quoting PoundTrader
whats up is that the market been quite all week.

its only Wednesday!!!!! the best is yet to come!
I don't trust any move - when you have profit...take it.
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
Developing Diamond......
Attached Image (click to enlarge)
Click to Enlarge Name: Diamond.jpg Size: 165 KB
I don't trust any move - when you have profit...take it.
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.
Quoting glenngie
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.
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....
Quoting Ill-b-back
I can't help but agree here. It just keeps on chugging north against the tide. There must be a reason for this.
yes my analysis

dont f%%$ with meh positions
Quoting nAVIN2007
yes my analysis

dont f%%$ with meh positions
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....
Quoting Ill-b-back
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.
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....
Quoting Ill-b-back
By economic clappers I don't just mean there current economic outlook but masses of debt they owe.

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.
Quoting nAVIN2007
yes my analysis

dont f%%$ with meh positions
Amazing response Navin ... been cracking up since you posted this one
I still need a trading break soon!!! "Loose some to win more" --Baher A.
Quoting baherhosni
Amazing response Navin ... been cracking up since you posted this one
heres another bull
Attached Image
this ones for the folks who short today

just having fun since market is mis-behaving
Attached Image
Attached Image
Gone to a better place
Quoting nAVIN2007
this ones for the folks who short today

just having fun since market is mis-behaving
I still need a trading break soon!!! "Loose some to win more" --Baher A.
Don't the Aussies start getting out of bed about now? It must be late morning there...
Gone to a better place
Quoting smikester
Don't the Aussies start getting out of bed about now? It must be late morning there...
5hrs ago for us working class
Come with me if you want to live....
Quoting Ill-b-back
5hrs ago for us working class
Congrats on 2005 posts, and never a sharp edge .
Gone to a better place
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