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Cable Update (GBPUSD)

  • #307,541
  • Apr 11, 2012 9:56pm Apr 11, 2012 9:56pm
Quoting PoundTrader
look like he's ready to hit 1.6000 area
Looks to me that he has yet to break through a trendline we made from yesterday's high...
And yes the chart is messy only because the market is reacting to almost every trendline i've drawn there... its real friggin confusing...
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdh4.gif Size: 18 KB
We live in a finite world with infinite possibilities.
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  • #307,542
  • Apr 11, 2012 9:56pm Apr 11, 2012 9:56pm
  •  eggs
  • | Joined Nov 2011 | Status: Everybodys A Central Banker Here... | 819 Posts
Funny. Bloomberg had a guy on tonight talking about the impact of speculation on the Food market in relation to emerging markets. Tremendous price swings make a big mac in Somalia a risk on investment
  • #307,543
  • Apr 11, 2012 9:58pm Apr 11, 2012 9:58pm
Quoting eggs
Funny. Bloomberg had a guy on tonight talking about the impact of speculation on the Food market in relation to emerging markets. Tremendous price swings make a big mac in Somalia a risk on investment
I just wet myself, thx
Phone battery running low already, I might drop ou...
Come with me if you want to live....
  • #307,544
  • Apr 11, 2012 9:58pm Apr 11, 2012 9:58pm
Quoting eggs
Funny. Bloomberg had a guy on tonight talking about the impact of speculation on the Food market in relation to emerging markets. Tremendous price swings make a big mac in Somalia a risk on investment
which reminds me... can you tell me whats the price of a Big Mac in Switzerland in USD?? you'll be amazed and wonder why is the swissy so strong lol... but then again they CAN afford to be strong....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #307,545
  • Apr 11, 2012 10:00pm Apr 11, 2012 10:00pm
Quoting PoundTrader
look like he's ready to hit 1.6000 area
Damn, stop moving the market to suit your own position PT
Come with me if you want to live....
  • #307,546
  • Apr 11, 2012 10:00pm Apr 11, 2012 10:00pm
  •  eggs
  • | Joined Nov 2011 | Status: Everybodys A Central Banker Here... | 819 Posts
Quoting bguguen
the tulip mania was scary... becaus prices of it reached a maximum of 10 folds before it collapsed and it happen just about a year period...
i wonder if gold is gona collapse like that when it 10 folds... but where should be start looking at gold price 10 folding from??
Oooo Ooo
Maybe its already happening... if gold prices start aound 190.. we sure 10 folded at 1900 and hence the drop we had... some say we might see gold drop to 1300... sooo who knows... maybe the world is coming to an end??
Yeah. That pretty much sums it up. The financial world at least. Gold has been coveted since man began walking upright. You can be sure. In the case of a total economic collapse Gold would be scarfed & horded.

It may not be worth anything at the exchange but in a post apocalyptic era...you bet it would carry some weight. No pun intended.
  • #307,547
  • Apr 11, 2012 10:00pm Apr 11, 2012 10:00pm
Quoting Ill-b-back
Yes but not everyone gets crushed in a bubble, savvy investors who buy at the bottom and sell near the top make a killing. It takes a while to get gold out of the ground, why not buy it cheap in the meantime as china has done, so they can offload it when the printing presses start up again which from what I have read, is what is sending people to gold in the first place
http://www.financialsense.com/contri...iat-currencies

http://www.financialsense.com/contri...w-about-silver
  • #307,548
  • Apr 11, 2012 10:04pm Apr 11, 2012 10:04pm
  •  eggs
  • | Joined Nov 2011 | Status: Everybodys A Central Banker Here... | 819 Posts
Quoting Allseeingeye
http://www.financialsense.com/contri...iat-currencies

http://www.financialsense.com/contri...w-about-silver
& isnt it more likely China is buying Au as a raw material as opposed to an investment?
  • #307,549
  • Apr 11, 2012 10:10pm Apr 11, 2012 10:10pm
Quoting eggs
& isnt it more likely China is buying Au as a raw material as opposed to an investment?
Why not both? If the USD loses its global status due printing devaluation the subsequent rise in gold will hedge the US debt china holds.
Come with me if you want to live....
  • #307,550
  • Apr 11, 2012 10:12pm Apr 11, 2012 10:12pm
Quoting Ill-b-back
Damn, stop moving the market to suit your own position PT
:nerd:
  • #307,551
  • Apr 11, 2012 10:12pm Apr 11, 2012 10:12pm
Quoting 0rPhioZ
5900-5915 resistance area still holds for now, and we had 3 attempts to break it. First one failed, but the second and third are getting stronger because it closed higher although it moved slow. This pair might/might not move higher. I have 2 SHORT positions, already close one of them because I can't see any clear direction for now. I am bearish bias for now after holding some LONG positions for scalping (It took almost forever before I closed all my positions). I have heard some comments saying that this pair can go to 1.6000 or 1.6200, I think...
We're still testing this resistance area. I don't expect much from this session, London will probably direct us somewhere, either LONG or SHORT. I am willing to hold my SHORT positions because a sudden penetration to 6020 might give bears opportunities to bash this pair. Will adapt to the condition to add more positions. Both sides are still ON.
  • #307,552
  • Apr 11, 2012 10:13pm Apr 11, 2012 10:13pm
i mean, i think she's ready to hit 1.6000 area
  • #307,553
  • Apr 11, 2012 10:19pm Apr 11, 2012 10:19pm
Every rally has dips..
Come with me if you want to live....
  • #307,554
  • Apr 11, 2012 10:26pm Apr 11, 2012 10:26pm
Quoting PoundTrader
i mean, i think she's ready to hit 1.6000 area
Come with me if you want to live....
  • #307,555
  • Apr 11, 2012 10:26pm Apr 11, 2012 10:26pm
Quoting Ill-b-back
Every rally has dips..
did you go short?
  • #307,556
  • Apr 11, 2012 10:27pm Apr 11, 2012 10:27pm
Quoting eggs
& isnt it more likely China is buying Au as a raw material as opposed to an investment?
China has "BRAINS" Not like the 19 year old that thinks Gold has no value! No wonder the World is going Crazy look what they taught them in school. Gold has been used as "CURRENCY" Since the begining of Trade so the thaught that it can ever be worth less then paper is insane statement in itself! You need to dig deep into the ground to get to gold so the cost of mining it has value, meanwhile how many 3000 year old "PAPER" currancies are there in existance. I REST MY CASE.
  • #307,557
  • Apr 11, 2012 10:35pm Apr 11, 2012 10:35pm
Quoting Allseeingeye
China has "BRAINS" Not like the 19 year old that thinks Gold has no value! No wonder the World is going Crazy look what they taught them in school. Gold has been used as "CURRENCY" Since the begining of Trade so the thaught that it can ever be worth less then paper is insane statement in itself! You need to dig deep into the ground to get to gold so the cost of mining it has value, meanwhile how many 3000 year old "PAPER" currancies are there in existance. I REST MY CASE.
You literally took the words out of my mouth except about Bguguen not having brains, from my own perspective he seems quite smart, but I was surprised at the statement on gold
Come with me if you want to live....
  • #307,558
  • Apr 11, 2012 10:36pm Apr 11, 2012 10:36pm
Quoting Allseeingeye
China has "BRAINS" Not like the 19 year old that thinks Gold has no value! No wonder the World is going Crazy look what they taught them in school. Gold has been used as "CURRENCY" Since the begining of Trade so the thaught that it can ever be worth less then paper is insane statement in itself! You need to dig deep into the ground to get to gold so the cost of mining it has value, meanwhile how many 3000 year old "PAPER" currancies are there in existance. I REST MY CASE.
to correct you... im 20, and yea i assume we can all agree that gold standard was a failure?? otherwise we'd be holding gold instead of paper money now...

and yea i could read your sarcasm calling me brainless... a guy who believes gold is going to last forever... should get their head checked... Earth existed for what like... billions of years??
And i totally said... The Price of Gold is only worth as much as the cost its dug up... otherwise i dont see why Gold would stay at 1600 per ounce.... 1600 per ounce aint the cost for the gold to be dug up... its speculation price dude... and i think i said it clear... and yes i made it bold just to make sure you aren't blind...

for all i care people might as well use Diamonds as a risk aversion material instead of gold since... i believe... diamonds are indestructible??
Better yet.. Human minds change as we evolve... who are you to deny when the world decides to drop gold and go for something better to put their value on to prevent an economic collapse??

by the way... check your spelling before you try to insult others... you dont want to come across looking like a fool....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #307,559
  • Apr 11, 2012 10:37pm Apr 11, 2012 10:37pm
Quoting PoundTrader
did you go short?
What do you think I have mixed emotions on that question
Come with me if you want to live....
  • #307,560
  • Apr 11, 2012 10:41pm Apr 11, 2012 10:41pm
I am starting to think that Allseeingeyes' a victim of child abuse... bully or that sort of stuff... he just cant avoid insulting people whos got a different view than he does....
i mean who said HIS view is ultimately correct??

Either he's been a victim of abuse when hes younger
or
Hes just threatened by a younger kid in this industry whos doing far better... perhaps the jealousy hes having on my age and my performance in my trading... who knows...
I beg to wonder if the average 20 year old would be able to make a 30% gain per month....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
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