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Cable Update (GBPUSD)

  • #306,981
  • Apr 9, 2012 5:56pm Apr 9, 2012 5:56pm
  •  eggs
  • | Joined Nov 2011 | Status: Everybodys A Central Banker Here... | 819 Posts
Quoting Faller
Nice....

Pretty much what I said here.. http://www.forexfactory.com/showthre...70#post5554470 ..the article just used a few more words....

.. Yeah I read your post earlier - & it got me digging. I see PIMCO on bloomberg all the time - Big Dog in the Bond market right?
  • #306,982
  • Apr 9, 2012 6:03pm Apr 9, 2012 6:03pm
Quoting Faller
Nice....

Pretty much what I said here.. http://www.forexfactory.com/showthre...70#post5554470 ..the article just used a few more words....
well these guys predicting the low 1.3503?! on GBPUSD... well some guys call me insane for thinking GBPUSD would tank to 1.5210 but WOW... 1.3503 any Techie guy here thinks they are insane LOL

Lets face it... THE POUND IS PRINTING money for QE whether they like it or not... thats their way to avoid recession then so be it... the pound is gona devalue...

The US however, not so true... QE3 is only brought up maintain the Bond price, and the sad coincidence is that QE3 does devalue USD, but theres NO reason why QE3 is needed... specially not when jobs are growing for the past 4 months...

so come on...

GBP definite down... USD maybe up maybe down...

You cant make money when GBP and USD is gona be Down together... so you might as well bet one goes the opposite way against the other and the highest chance of that happening is GBP falling and USD rising...

But hey... whos knows.. the longer we wait the more likely a BEARISH long term signal would happen for the techies liking to short this Son of a bitch down to 1.50 sooo whos knows??
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #306,983
  • Apr 9, 2012 6:07pm Apr 9, 2012 6:07pm
  •  eggs
  • | Joined Nov 2011 | Status: Everybodys A Central Banker Here... | 819 Posts
While a final BULL run may be in the cards - if price retraces into the 61.8 are of last weeks move down it would paint a pretty sexy H&S reversal pattern. At least it would offer a short term target of the .58 level bringing PA back into consolidation.
Attached Image (click to enlarge)
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  • #306,984
  • Apr 9, 2012 6:12pm Apr 9, 2012 6:12pm
Quoting PoundTrader
Ok im back, i don't use charts, i was asking to get an idea on how you trade
Right, I forgot, no charts, bloody hell I call you George Buffet
Come with me if you want to live....
  • #306,985
  • Apr 9, 2012 6:15pm Apr 9, 2012 6:15pm
  •  eggs
  • | Joined Nov 2011 | Status: Everybodys A Central Banker Here... | 819 Posts
[quote=bguguen;5554823]well these guys predicting the low 1.3503?! on GBPUSD... well some guys call me insane for thinking GBPUSD would tank to 1.5210 but WOW... 1.3503 any Techie guy here thinks they are insane LOL

While I agree with the long term technicals - Really... how many of us are here are looking for an opportunity to enter a short & ride the cable out as it winds down 3,000 points??
  • #306,986
  • Apr 9, 2012 6:18pm Apr 9, 2012 6:18pm
Quoting eggs
Quoting bguguen
well these guys predicting the low 1.3503?! on GBPUSD... well some guys call me insane for thinking GBPUSD would tank to 1.5210 but WOW... 1.3503 any Techie guy here thinks they are insane LOL

While I agree with the long term technicals - Really... how many of us are here are looking for an opportunity to enter a short & ride the cable out as it winds down 3,000 points??
While I agree with the long term technicals - Really... how many of us are here are looking for an opportunity to enter a short & ride the cable out as it winds down 3,000 points??
well i do... i dont really mind the drawdown on the top side since i have the equity to ride it out...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #306,987
  • Apr 9, 2012 6:29pm Apr 9, 2012 6:29pm
  •  eggs
  • | Joined Nov 2011 | Status: Everybodys A Central Banker Here... | 819 Posts
Quoting bguguen
well i do... i dont really mind the drawdown on the top side since i have the equity to ride it out...
Gotcha.. - sorry. no disrespect intended regarding the trading strategy of anyone here. I just assumed most would be taking shorter term - to intraday positions. good luck with that short bg
  • #306,988
  • Apr 9, 2012 6:33pm Apr 9, 2012 6:33pm
Quoting eggs
Gotcha.. - sorry. no disrespect intended regarding the trading strategy of anyone here. I just assumed most would be taking shorter term - to intraday positions. good luck with that short bg
dont worry, im not insulted... in fact i have to admit to you while i am long term holding on shorts... i do tend to hedge my positions by scalping long time to time if i see a chance to...

you can see my trade performance so far here
one of my 2 accounts
http://www.myfxbook.com/members/bgug...-adryfx/260406
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #306,989
  • Apr 9, 2012 6:41pm Apr 9, 2012 6:41pm
  •  eggs
  • | Joined Nov 2011 | Status: Everybodys A Central Banker Here... | 819 Posts
Quoting bguguen
dont worry, im not insulted... in fact i have to admit to you while i am long term holding on shorts... i do tend to hedge my positions by scalping long time to time if i see a chance to...

you can see my trade performance so far here
one of my 2 accounts
http://www.myfxbook.com/members/bgug...-adryfx/260406

MMMmmm...Hhhmmmm...closet scalper huh

Just kiddin' Nice trade stats BTW
  • #306,990
  • Apr 9, 2012 6:42pm Apr 9, 2012 6:42pm
Quoting eggs
MMMmmm...Hhhmmmm...closet scalper huh

Just kiddin' Nice trade stats BTW
Yep Closet scalper... least it works...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #306,991
  • Apr 9, 2012 6:47pm Apr 9, 2012 6:47pm
Quoting Ill-b-back
Right, I forgot, no charts, bloody hell I call you George Buffet
  • #306,992
  • Apr 9, 2012 6:54pm Apr 9, 2012 6:54pm
Quoting PoundTrader
He he, just havin' fun. But seriously, tech trading without charts, all the need to go to you bro
Come with me if you want to live....
  • #306,993
  • Apr 9, 2012 6:59pm Apr 9, 2012 6:59pm
Quoting Ill-b-back
He he, just havin' fun. But seriously, tech trading without charts, all the need to go to you bro
have you check out my 100% per month thread, i just build a new system taken it for a test drive, build it less then 24hr. don't know if it's up to par yet
  • #306,994
  • Apr 9, 2012 7:07pm Apr 9, 2012 7:07pm
Quoting PoundTrader
have you check out my 100% per month thread, i just build a new system taken it for a test drive, build it less then 24hr. don't know if it's up to par yet
Will check it out
Come with me if you want to live....
  • #306,995
  • Apr 9, 2012 7:13pm Apr 9, 2012 7:13pm
Quoting Ill-b-back
Will check it out
it's all about the first week, the first week gives me a clue if i need to adjust the system and continue or trash it
  • #306,996
  • Apr 9, 2012 7:22pm Apr 9, 2012 7:22pm
Quoting PoundTrader
it's all about the first week, the first week gives me a clue if i need to adjust the system and continue or trash it
What forum is it in?
Come with me if you want to live....
  • #306,997
  • Apr 9, 2012 7:25pm Apr 9, 2012 7:25pm
waiting for 1.5960
  • #306,998
  • Apr 9, 2012 7:28pm Apr 9, 2012 7:28pm
Quoting Ill-b-back
What forum is it in?
trading journal
  • #306,999
  • Apr 9, 2012 7:30pm Apr 9, 2012 7:30pm
Quoting Mr.x
waiting for 1.5960
your selling at that 1.5960
  • #307,000
  • Apr 9, 2012 7:42pm Apr 9, 2012 7:42pm
Quoting Ill-b-back
What forum is it in?
http://www.forexfactory.com/showthre...21#post5554921
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