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Cable Update (GBPUSD)

  • #304,941
  • Mar 26, 2012 7:28am Mar 26, 2012 7:28am
Quoting nAVIN2007
people have a bias and often think its buying or selling at discount..i thinking 90% of traders think they are doing this.. mr khan perhaps shorted knowing the importance of 1.59 so hoping for a retest..but id assume this would happen tomorrow if it happens at all

u can see for yourself the trap setup..was a beauty
its always at this point when the net short or longs are placed the big move happens..end of month approaching and im just hoping im on the right side
yes ok, indeed we never know if and where market can reverse, so taking a strong level can be an idea. but in this scenario, if a reverse will happen, there will be a lot of time to get a good place to short. there is not even 1TF showing weakness. goes 'down' 10-15 pips then shoot up 30-40.

since friday price shown clearly strong power up. what was not clear was the 5800 indeed only when 5820-30 was safer good entry.

best trap ever was the h1 candle top 5894 close 5874 and the following one straight to 5930! a massacre....
90% of traders use TA, indicators and prediction
  • #304,942
  • Mar 26, 2012 7:30am Mar 26, 2012 7:30am
Quoting _BBKing_

best trap ever was the h1 candle top 5894 close 5874 and the following one straight to 5930! a massacre....
oh yes..
i have taken into account the bigger aspect..lets see

need to break today high..and it should move
  • #304,943
  • Mar 26, 2012 8:17am Mar 26, 2012 8:17am
broke last week high ....... let see what next
not euphoria follower
  • #304,944
  • Mar 26, 2012 8:17am Mar 26, 2012 8:17am
I have been wandering something for quite a while, and assume I must be missing something. It seems that nearly everyone is focussing on the GBP with this pair and the deteriorating situation in the UK but paying scant attention to the possible risk on sentiment in the US due to signs of a recovery which would drive this pair up. Can anyone help clarify this as I feel that since I don't study fundamentals to any significant degree I probably AM missing something. Thx.
Come with me if you want to live....
  • #304,945
  • Mar 26, 2012 8:35am Mar 26, 2012 8:35am
Quoting Ill-b-back
I have been wandering something for quite a while, and assume I must be missing something. It seems that nearly everyone is focussing on the GBP with this pair and the deteriorating situation in the UK but paying scant attention to the possible risk on sentiment in the US due to signs of a recovery which would drive this pair up. Can anyone help clarify this as I feel that since I don't study fundamentals to any significant degree I probably AM missing something. Thx.
you miss the "big boys" theory
  • #304,946
  • Mar 26, 2012 8:47am Mar 26, 2012 8:47am
Quoting Ill-b-back
I have been wandering something for quite a while, and assume I must be missing something. It seems that nearly everyone is focussing on the GBP with this pair and the deteriorating situation in the UK but paying scant attention to the possible risk on sentiment in the US due to signs of a recovery which would drive this pair up. Can anyone help clarify this as I feel that since I don't study fundamentals to any significant degree I probably AM missing something. Thx.
IMO, is waste of time, energy and brain.
ok, you can read sometimes articles about overall situation and everything you like. but will never be helpful for trading. can happen everything worse in UK USA or EUROPE and where ever you like, but if for some misterious reason price goes up it is time to search buy. if goes down it is time to search sell. period.
too many guru appears around the web AFTER a move and say "ah! it was due because this, because that, and there was that line or the other!" and BS like those.
risk on risk off, sometimes news is bad so = "risk on"; some times news is good so= "risk on" again (wtf?!?) then farts from EZ so risk off, then other farts from EZ so risk on.... bah.
90% of traders use TA, indicators and prediction
  • #304,947
  • Mar 26, 2012 9:11am Mar 26, 2012 9:11am
Quoting _BBKing_
IMO, is waste of time, energy and brain.
ok, you can read sometimes articles about overall situation and everything you like. but will never be helpful for trading. can happen everything worse in UK USA or EUROPE and where ever you like, but if for some misterious reason price goes up it is time to search buy. if goes down it is time to search sell. period.
too many guru appears around the web AFTER a move and say "ah! it was due because this, because that, and there was that line or the other!" and BS like those.
risk...
u know bro..honestly u wrote exactly what i wrote as a reply but i cancelled it..so much bullshit flying around in this thread is unbeleiveble

cable was once at 1.67 and the fundamentals were bad..food for thought for some i should think

we live in a age where every move needs justification..u dont need to know why u just need to go with it..
  • #304,948
  • Mar 26, 2012 10:55am Mar 26, 2012 10:55am
Quoting nAVIN2007
u know bro..honestly u wrote exactly what i wrote as a reply but i cancelled it..so much bullshit flying around in this thread is unbeleiveble

cable was once at 1.67 and the fundamentals were bad..food for thought for some i should think

we live in a age where every move needs justification..u dont need to know why u just need to go with it..
quite a wild day today... gbpusd was on track to fall and ben shot his mouth.... least he did a good job to keep the feds happy with all the bullshit coming out from him...
US treasury yields kept low so the billions and billions dollar bonds used purchased by the last 2 QE in US stay in valuable... as soon as yields rise... feds loses their ass... thats why you see Big Ben Stepping up on stage under pressure by the fed owners to keep US treasury yields down if this means Weakening the Dollar...

Massive hypocrite....

im not buying this bullshit...

He is either lying about the US economy recovering the last 2 months or he just did a big flop lie about how US economy is "fragile but sustainable" now...
i mean dude wtf does "fragile but sustainable" mean anyways.... whole lot of bollocks i say...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #304,949
  • Mar 26, 2012 11:01am Mar 26, 2012 11:01am
Quoting bguguen
quite a wild day today... gbpusd was on track to fall and ben shot his mouth.... least he did a good job to keep the feds happy with all the bullshit coming out from him...
US treasury yields kept low so the billions and billions dollar bonds used purchased by the last 2 QE in US stay in valuable... as soon as yields rise... feds loses their ass... thats why you see Big Ben Stepping up on stage under pressure by the fed owners to keep US treasury yields down if this means Weakening the Dollar...

Massive hypocrite....

im not buying this bullshit...

He...
i wish i had yur understanding of fundamentals
  • #304,950
  • Mar 26, 2012 11:04am Mar 26, 2012 11:04am
Quoting nAVIN2007
i wish i had yur understanding of fundamentals
seriously dude... US treasury yields plunged the moment he talks about how Us economy is fragile... way to make US look bad...
im trying to understand if this is a double bluff...
is US economy recovery the first bluff and today's statement a double bluff??
Ben is playing mind games man....
Seriously if the USD is weakened as we see here in FX today... i wonder where all the money is going to...

US treasury yields falling might suggest people piling back for the US bonds that would give the money employed in QE1 and QE2 bond buying a reason to be in profits for the fed....
Or Money is going to US equities as seen as a rise in S&P and NASDAQ all those things....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #304,951
  • Mar 26, 2012 11:08am Mar 26, 2012 11:08am
Quoting bguguen
seriously dude... US treasury yields plunged the moment he talks about how Us economy is fragile... way to make US look bad...
im trying to understand if this is a double bluff...
is US economy recovery the first bluff and today's statement a double bluff??
Ben is playing mind games man....
Seriously if the USD is weakened as we see here in FX today... i wonder where all the money is going to...

US treasury yields falling might suggest people piling back for the US bonds that would give the money employed in QE1 and QE2 bond buying a reason to...
all i know is going to my target
  • #304,952
  • Mar 26, 2012 11:10am Mar 26, 2012 11:10am
He he, guys, thank you all so much for your input. I enjoyed all responses and was happily surprised to have stimulated creative discussion BBKings was funny (and predictable), nAVS was predictable (and would have been funny if not deleted), bguyuens was very predictable and expected, and as for "big boys theory"? Well, that reminded me of the "big bang theory" which is a wildly funny comedy, so that was funny too thank you all
Come with me if you want to live....
  • #304,953
  • Mar 26, 2012 11:11am Mar 26, 2012 11:11am
Quoting bguguen
seriously dude... US treasury yields plunged the moment he talks about how Us economy is fragile... way to make US look bad...
im trying to understand if this is a double bluff...
is US economy recovery the first bluff and today's statement a double bluff??
Ben is playing mind games man....
Seriously if the USD is weakened as we see here in FX today... i wonder where all the money is going to...

US treasury yields falling might suggest people piling back for the US bonds that would give the money employed in QE1 and QE2 bond buying a reason...
Gold?
Come with me if you want to live....
  • #304,954
  • Mar 26, 2012 11:12am Mar 26, 2012 11:12am
Quoting nAVIN2007
all i know is going to my target
well you might just get to your target if ben keeps up his talk from today onwards downgrading the dollar with all the bullshit hes came out with...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #304,955
  • Mar 26, 2012 11:14am Mar 26, 2012 11:14am
Quoting nAVIN2007
u know bro..honestly u wrote exactly what i wrote as a reply but i cancelled it..so much bullshit flying around in this thread is unbeleiveble

cable was once at 1.67 and the fundamentals were bad..food for thought for some i should think

we live in a age where every move needs justification..u dont need to know why u just need to go with it..
ehehhe not only in threads... i mean every where around the web!
anyway is always better no search a reason in a move. because could even not be a reason! and for what i know, rarely was a reason in a move!
anyway to change this direction must come a very strong reason. and even if come, things will not change dramatically. every one will have time to close longs and open shorts somewhere. searching the top or the bottom is one of worst thing i did in the past. and now that i don't do, i feel very good and relaxed everytime i look a chart
90% of traders use TA, indicators and prediction
  • #304,956
  • Mar 26, 2012 11:15am Mar 26, 2012 11:15am
Quoting bguguen
well you might just get to your target if ben keeps up his talk from today onwards downgrading the dollar with all the bullshit hes came out with...



Quoting _BBKing_
ehehhe not only in threads... i mean every where around the web!
anyway is always better no search a reason in a move. because could even not be a reason! and for what i know, rarely was a reason in a move!
anyway to change this direction must come a very strong reason. and even if come, things will not change dramatically. every one will have time to close longs and open shorts somewhere. searching the top or the bottom is one of worst thing i did in the past. and now that i don't do, i feel very good and relaxed everytime i look a chart

be like luke from star wars..trust yur shit!!!
  • #304,957
  • Mar 26, 2012 11:15am Mar 26, 2012 11:15am
Quoting Ill-b-back
Gold?
Yep AND gold...
but my theory holds....
need i remind you what Ben did to the money he printed out for QE1 and QE2??
Bond Purchases....
and that ridiculous amount of money he gave away to european banks... at the start of QE1....

but hes definitely got QE money on US treasury bonds... and the way he wants to keep it down suggests he probably bought those bonds at very low yields so any rise would threaten to lose money that never existed in the first place....

BTW not much of a Big Boy movement today... more to do with Fed playing games.... big boys are still having their weekend hangover hence the reason why Mondays are always a low liquidity day.... best day for fed to play games if they want to move the market alone...
Tuesdays, Wednesday, Thursday and Friday manipulation will always come from a concerted effort by multiple Central banks and Big boys cooperating together
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #304,958
  • Mar 26, 2012 11:16am Mar 26, 2012 11:16am
Quoting Ill-b-back
He he, guys, thank you all so much for your input. I enjoyed all responses and was happily surprised to have stimulated creative discussion BBKings was funny (and predictable), nAVS was predictable (and would have been funny if not deleted), bguyuens was very predictable and expected, and as for "big boys theory"? Well, that reminded me of the "big bang theory" which is a wildly funny comedy, so that was funny too thank you all
90% of traders use TA, indicators and prediction
  • #304,959
  • Mar 26, 2012 11:31am Mar 26, 2012 11:31am
Quoting nAVIN2007





be like luke from star wars..trust yur shit!!!
90% of traders use TA, indicators and prediction
  • #304,960
  • Mar 26, 2012 11:43am Mar 26, 2012 11:43am
Quoting bguguen
Yep AND gold...
but my theory holds....
need i remind you what Ben did to the money he printed out for QE1 and QE2??
Bond Purchases....
and that ridiculous amount of money he gave away to european banks... at the start of QE1....

but hes definitely got QE money on US treasury bonds... and the way he wants to keep it down suggests he probably bought those bonds at very low yields so any rise would threaten to lose money that never existed in the first place....

BTW not much of a Big Boy movement today... more to do with Fed playing games.... big...
hello,
i think that 150 pips from low to high, straight into 1.59 area without turning back even 1 x h1 candle bearish and very possible to see daily closing above 5920 can be called and insane up-move! if there are "big boys" some where... IMo they all bought together today, friday, and maybe whole last week at every low, and they are really playing with supply in 1.59 area, which actually looks like disappeared, after all these attempts to push price down, simply price went covering some "old" tech levels just to load new demand. h4 and daily shows a clear bullflag broken upside, and all price action today was showing reversal in faster TF, just to go down some pip then shoot up like a rocket.

looking to short in this scenario with a possible new high coming at month ending or few hours before (...) could be very risky!

just what i see in charts
90% of traders use TA, indicators and prediction
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