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Cable Update (GBPUSD)

  • #307,481
  • Apr 11, 2012 6:10pm Apr 11, 2012 6:10pm
Quoting UbuFamily
Hey buddy change your 'custom user title'...if u saying it like that, traders here won't have positive judgement on u..

anyway, about the Olympic games, do u think UK wanna have a very expensive currency exchange? Foreigner are coming to watch the game and wanna buy some popcorn for it..if the popcorn are yummy, they might as well looking for a longer stay..yup?
LOL I do have to change it...

You made a very good point there. Never thought about it that way...

I am planning to keep it open until it hits my SL which is now @ BE+20 or else wait until it got to at least 1.6040... Now you got me thinking about my strategy with your post...
  • #307,482
  • Apr 11, 2012 6:16pm Apr 11, 2012 6:16pm
Quoting Ill-b-back
Yeah, that was my general impression of things but then someone (can't remember who),said countries don't really profit overall from Olympics but make substantial loss. Personally, I have no idea and I apologise if I have misquoted someone.
I see. I will try to check what happened to currencies of countries involved in this events on the past... Thanks for the info.
  • #307,483
  • Apr 11, 2012 6:19pm Apr 11, 2012 6:19pm
Quoting UbuFamily
ha ha what juice are u talking about bro? Don't tell me its the tiger balm..

funny thing is that I don't have any system bro...just my own scalping timing..a little bit of hedging I can say but not hedging...
He he, no bro, the caffeine, coke, speed, acid, whatever is fashionable in the white collar business these days
Do you think this PA looks similar to the drop from 5990 the other month? Current immediate PA not favoring my short but not at my chart for a good look. I am looking at 5770 as a potential level, hope to get there then get a bull signal, would be very nice. If not, then 56 would do just fine. Europe out look is flip flopping right now, odd.
Come with me if you want to live....
  • #307,484
  • Apr 11, 2012 6:45pm Apr 11, 2012 6:45pm
Quoting Leeson
Dont you think the coming olympic games will make it go to 1,60+?

Got a long @1,5814. Hoping to hold it until 1,6130 at least...

Tell me this.....

Why would a country want a super strong currency when people from all over the world will be coming to their country - those foreigners will have to convert their money to British Pound - So right now you need 1.59 USD to buy one Pound - It will cost people lots of money to go to the UK blah blah blah......so if I wanted to help my economy and I was looking at the potential of the Olympic games as an economic boost.....I would want to devalue my currency so that people will get more British Pounds for their money and therefore spend more British Pounds - just a thought. But I am not that smart.....

Faller
I don't trust any move - when you have profit...take it.
  • #307,485
  • Apr 11, 2012 6:47pm Apr 11, 2012 6:47pm
Quoting Ill-b-back
Yeah, that was my general impression of things but then someone (can't remember who),said countries don't really profit overall from Olympics but make substantial loss. Personally, I have no idea and I apologise if I have misquoted someone.

I was the dumb ass that said hosting Olympics is a drain on the economy for which a country pays for......for a long long time.

No benefit to hosting the Olympics.....I should do a search on it....but there have been a slight slight few countries that actually made a profit hosting the Olympics.

But don't listen to me....I am not that smart.

Faller.
I don't trust any move - when you have profit...take it.
  • #307,486
  • Apr 11, 2012 6:47pm Apr 11, 2012 6:47pm
Quoting Ill-b-back
He he, no bro, the caffeine, coke, speed, acid, whatever is fashionable in the white collar business these days
Do you think this PA looks similar to the drop from 5990 the other month? Current immediate PA not favoring my short but not at my chart for a good look. I am looking at 5770 as a potential level, hope to get there then get a bull signal, would be very nice. If not, then 56 would do just fine. Europe out look is flip flopping right now, odd.
im a coke head.
  • #307,487
  • Apr 11, 2012 7:18pm Apr 11, 2012 7:18pm
Quoting PoundTrader
im a coke head.
You too! I got a little white line on my chart left over from last night I hope the wife doesn't find it
Come with me if you want to live....
  • #307,488
  • Apr 11, 2012 7:20pm Apr 11, 2012 7:20pm
Quoting Faller
I was the dumb ass that said hosting Olympics is a drain on the economy for which a country pays for......for a long long time.

No benefit to hosting the Olympics.....I should do a search on it....but there have been a slight slight few countries that actually made a profit hosting the Olympics.

But don't listen to me....I am not that smart.

Faller.
They were a complete and regrettable cluster fuck for BC.

/bcresident
  • #307,489
  • Apr 11, 2012 7:34pm Apr 11, 2012 7:34pm
Quoting Leeson
LOL I do have to change it...

You made a very good point there. Never thought about it that way...

I am planning to keep it open until it hits my SL which is now @ BE+20 or else wait until it got to at least 1.6040... Now you got me thinking about my strategy with your post...
I'm glad with your response..
I trade to live
  • #307,490
  • Apr 11, 2012 7:36pm Apr 11, 2012 7:36pm
Cable want's to break north IMO. When the Euro shows weakness it remains strong.

Just waiting on a sustained breach of 5930 for confirmation.

Range is getting tighter and tighter, she will break one way or another soon (next sessions).

Remaining long, until otherwise.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #307,491
  • Apr 11, 2012 7:39pm Apr 11, 2012 7:39pm
Quoting Ill-b-back
He he, no bro, the caffeine, coke, speed, acid, whatever is fashionable in the white collar business these days
Do you think this PA looks similar to the drop from 5990 the other month? Current immediate PA not favoring my short but not at my chart for a good look. I am looking at 5770 as a potential level, hope to get there then get a bull signal, would be very nice. If not, then 56 would do just fine. Europe out look is flip flopping right now, odd.
current PA not shows uncertainty to scalp for now...

not just europe flip flopping right now..u try zoom out GU H1 chart, its the same..gu and eu are brothers u know..same mom different dad..
I trade to live
  • #307,492
  • Apr 11, 2012 7:41pm Apr 11, 2012 7:41pm
Quoting Faller
Tell me this.....

Why would a country want a super strong currency when people from all over the world will be coming to their country - those foreigners will have to convert their money to British Pound - So right now you need 1.59 USD to buy one Pound - It will cost people lots of money to go to the UK blah blah blah......so if I wanted to help my economy and I was looking at the potential of the Olympic games as an economic boost.....I would want to devalue my currency so that people will get more British Pounds for their money and therefore...

Yea this is what I'm trying to explaine to him...Faller is wise in words
I trade to live
  • #307,493
  • Apr 11, 2012 7:44pm Apr 11, 2012 7:44pm
Quoting UbuFamily
current PA not shows uncertainty to scalp for now...

not just europe flip flopping right now..u try zoom out GU H1 chart, its the same..gu and eu are brothers u know..same mom different dad..
Yeah,I meant Europe itself is flip flopping. GU 1hr looks to be waiting, waiting...
Come with me if you want to live....
  • #307,494
  • Apr 11, 2012 7:44pm Apr 11, 2012 7:44pm
Quoting Ill-b-back
You too! I got a little white line on my chart left over from last night I hope the wife doesn't find it
  • #307,495
  • Apr 11, 2012 7:44pm Apr 11, 2012 7:44pm
Quoting PoundTrader
im a coke head.
Yea your avatar proved it !
I trade to live
  • #307,496
  • Apr 11, 2012 7:46pm Apr 11, 2012 7:46pm
Quoting UbuFamily
Yea your avatar proved it !
he looks more like a pot head with that blunt in his mouth, puff puff pass
  • #307,497
  • Apr 11, 2012 7:55pm Apr 11, 2012 7:55pm
Quoting PoundTrader
he looks more like a pot head with that blunt in his mouth, puff puff pass
I love early Asia so many bored entertainers...
Come with me if you want to live....
  • #307,498
  • Apr 11, 2012 8:02pm Apr 11, 2012 8:02pm
Quoting PoundTrader
he looks more like a pot head with that blunt in his mouth, puff puff pass
ha ha ya right
anyway how's your 100% stuff?
I trade to live
  • #307,499
  • Apr 11, 2012 8:07pm Apr 11, 2012 8:07pm
Quoting Ill-b-back
I love early Asia so many bored entertainers...
lol u know I'm asian bro
I trade to live
  • #307,500
  • Apr 11, 2012 8:10pm Apr 11, 2012 8:10pm
Quoting Ill-b-back
I love early Asia so many bored entertainers...
i think everybody don't like to trade in this confusing movement, maybe if we want something more interesting, better to wait for london season today.......
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