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Cable Update (GBPUSD)

  • #307,581
  • Apr 11, 2012 9:40pm Apr 11, 2012 9:40pm
your doing just fine Allseeingeye.
  • #307,582
  • Apr 11, 2012 9:41pm Apr 11, 2012 9:41pm
Quoting A-speculator
a lot of things need to be considered going short mate, since i am short as well i feel uneasy by the movement in swissy.. the breakout to the downside in swissy has triggered high alert in my position.

i feel a bit comfortable atm because there's a doji in 1h but still not many bearish candles in 4h since yesterday..

i expect a lot more movement today and if the price want to breakout to the downside, i expect it to tank hard, breaking both the 50fibo and the asc daily trendline in one move..

anyway, just be very careful on your short mate.....
what gives me a strong conviction that this thing will fall today is if you look at today's high till now and the high 2 days back it exactly coincides and it is not able to cross that decisively. not saying will not do it. but it is stalling there.
  • #307,583
  • Apr 11, 2012 9:42pm Apr 11, 2012 9:42pm
A very good day to you all,

Interesting reading on the tread today. I like...

I'm looking at my GU 30min chart and support fan running from the recent low is still very much in place. I also see 3 attempts to break the current fractal high.

So I believe things are better set up for a break to the topside in the short term. Just opinion. Will however look in both directions. No bias.

Regards and trade well
Attached Image (click to enlarge)
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  • #307,584
  • Apr 11, 2012 9:43pm Apr 11, 2012 9:43pm
Quoting Nachiket
what gives me a strong conviction that this thing will fall today is if you look at today's high till now and the high 2 days back it exactly coincides and it is not able to cross that decisively. not saying will not do it. but it is stalling there.
wants it cross and 1.5940 and holds i see 1.6000 next stop
  • #307,585
  • Apr 11, 2012 9:43pm Apr 11, 2012 9:43pm
Quoting Allseeingeye
If you realy are 20 I feel bad because I have 3 kids your age & cant see a bright future for them if we continue down this path of haves & have nots. The lies this world is based on have to come to a clash & I think we have entered that period. We are all Victims to a few that are controlling people the masses through mind manipulation deception & media propaganda! Most Individuals have been Dumbed Down through VACINATIONS & EDUCATION that they couldnt get to the truth 99% of the time if they Tried! ALL THE NEWS & I REPEAT ALL THE NEWS YOU GET IS...
sir with due respect to your age i would request you to please stop it here and lets not make it a monday night brawl.
  • #307,586
  • Apr 11, 2012 9:44pm Apr 11, 2012 9:44pm
Quoting PoundTrader
wants it cross and 1.5940 and holds i see 1.6000 next stop
very much possible but there should be some news supporting it. lets see at the trade data.
  • #307,587
  • Apr 11, 2012 9:45pm Apr 11, 2012 9:45pm
Quoting Nachiket
what gives me a strong conviction that this thing will fall today is if you look at today's high till now and the high 2 days back it exactly coincides and it is not able to cross that decisively. not saying will not do it. but it is stalling there.
maybe what you said is true.. just don't let your guard down.. look at the previous daily pattern.. almost the same.. hopefully we can see different pattern here, but who knows that, right? we are trading based on probability.. don't forget your stop, it will protect us if our analysis is wrong..
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  • #307,588
  • Apr 11, 2012 9:46pm Apr 11, 2012 9:46pm
Quoting Allseeingeye
If you realy are 20 I feel bad because I have 3 kids your age & cant see a bright future for them if we continue down this path of haves & have nots. The lies this world is based on have to come to a clash & I think we have entered that period. We are all Victims to a few that are controlling people the masses through mind manipulation deception & media propaganda! Most Individuals have been Dumbed Down through VACINATIONS & EDUCATION that they couldnt get to the truth 99% of the time if they Tried! ALL THE NEWS & I REPEAT ALL THE NEWS YOU GET IS...
Yes im 20... turned 20 on March 20th... didnt even celebrate my birthday at all simply because i had my exams on that day... this year's been pretty shitty start for me...
despite the gains...
emotionally shitty.... dad being 69, fear of him having a heart attack any day now or a mental break down to a point he cant work anymore... im already trying my best to prepare for the worse... hence the reason why my dad and i started the investment fund 2 years ago...
and the fact that House prices in Hong Kong are insanely expensive... i am hoping one day i could make enough just to buy my mom a flat in Hong Kong so that she doesnt have to worry about living in the streets...

As much as i try not to milk other traders emotions on this... i guess people could understand where people are coming from if a bit of background info about them is shared...

Anyways about yoru 3 kids, i wish them a Speedy and Healthy Growth.. im guessing as a parent you must be proud to see them grow up despite the environment the world is in... i hope my dad'll be proud of me someday, but parents eventually do...

About the world media... i know its all manipulated... also the reason why i kept saying sometimes people disregard what Ben has to say but Ben is only saying what the forces behind him are asking him to say.. the Fed Board of directors...
the fact that the FED is a privately owned back that manages much of hte US economy is already a good example of your manipulation theory, and i support it deeply... Any statistics, or any information doesnt come in first hand is either manipulated or exposed to manipulation sooo reason why we should all take news with a pinch of salt and question the truth behind it.... reason why its good to debate about it to get fresh perspective on it.... which is what ive been trying to do with some frustration lately....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #307,589
  • Apr 11, 2012 9:48pm Apr 11, 2012 9:48pm
Quoting Nachiket
very much possible but there should be some news supporting it. lets see at the trade data.

Wednesday, April 11, 2012 9:43:12 PM (EU) ECB's Liikanen: Global economic growth is on the decline - Finnish press


Wednesday, April 11, 2012 9:04:10 PM IMF looks at the impact that the shrinking supply of safe assets could have on markets - London Telegraph- According to the IMF, the reduced supply of safe haven assets could lead to more short-term volatility in markets and increase the price for safety in global markets.



Wednesday, April 11, 2012 9:01:53 PM (US) US Mar Foreclosure Activity M/M: -4% v -2% prior; Y/Y: -17.1% v -8% prior - RealtyTrac- March Activity at 56-Month Low, Under 200,000 Properties With Foreclosure Filings but Foreclosure Starts Increase for Third Straight Month in March. - The first quarter total was the lowest quarterly total since the fourth quarter of 2007, when 527,740 properties with foreclosure filings were reported. The report shows one in every 230 U.S. housing units with a foreclosure filing during the quarter. - Foreclosure filings were reported on 198,853 U.S. properties in March, a 4 percent decrease from February and a 17 percent decrease from March 2011. March's total was the lowest monthly total since July 2007, and also the first monthly total below 200,000 since July 2007.



Have Market Intel? TradeTheNews.com Tip Line -> Click Here


Good News for the Short side now lets see if its enough with some other Technicals & Fundamentals help it since I am Short.

  • #307,590
  • Apr 11, 2012 9:51pm Apr 11, 2012 9:51pm
Quoting Allseeingeye

Wednesday, April 11, 2012 9:43:12 PM (EU) ECB's Liikanen: Global economic growth is on the decline - Finnish press


[color=#000000][i][left][color=#000000]Wednesday, April 11, 2012 9:04:10 PM IMF looks at the impact that the shrinking supply of safe assets could have on markets - London Telegraph- According to the IMF, the reduced supply of safe haven assets could lead to more short-term volatility in markets and increase the price for safety in global markets.

[i]Have Market Intel? TradeTheNews.com...
Sooo Risk aversion is about to happen....
and Gold Prices will rise....
does remind me of something we saw around 2010 when Gold was rising to 1900 and euro dollar trashing to 1.2...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #307,591
  • Apr 11, 2012 9:54pm Apr 11, 2012 9:54pm
Quoting bguguen
Sooo Risk aversion is about to happen....
and Gold Prices will rise....
does remind me of something we saw around 2010 when Gold was rising to 1900 and euro dollar trashing to 1.2...
Good day to you,

Now there is a number I like....

Regards
  • #307,592
  • Edited 10:12pm Apr 11, 2012 9:56pm | Edited 10:12pm
Quoting bguguen
Sooo Risk aversion is about to happen....
and Gold Prices will rise....
does remind me of something we saw around 2010 when Gold was rising to 1900 and euro dollar trashing to 1.2...
I dont know they are "PLAYING HEAD GAMES" Here is a wrench in your spokes for the Shorts. I dont care my Indicators which I made with a Russian MIT Grad are SAYING OR SHOULD I SAY YELLING SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL! Targets are 15830 then 15685. From there I would think we are going up. But lets see what they have instore for us.

Wednesday, April 11, 2012 9:53:57 PMBritish Pound vs US Dollar (UK) Problems in other industrialized countries have made the pound more attractive - FT- Notes Sterling was a top performing currency in March, as the euro has been weighed down by debt concerns and the Japanese yen has been hurt by Japan's weak growth prospects. - Also, the recent non-farms payrolls data has weighed on the US dollar. - Suggests that the pound could benefit from renewed concerns related to Italy or Spain. - However, sterling could weaken vs the USD, yen and Swiss franc if conditions worsen in the EU. - Says the main risk for the pound is the UK's fiscal outlook.


Have Market Intel? TradeTheNews.com Tip Line -> Click Here

  • #307,593
  • Apr 11, 2012 10:02pm Apr 11, 2012 10:02pm
Quoting Allseeingeye
http://www.financialsense.com/contri...iat-currencies

http://www.financialsense.com/contri...w-about-silver
I cannot open these for some reason
Come with me if you want to live....
  • #307,594
  • Edited 10:25pm Apr 11, 2012 10:03pm | Edited 10:25pm
I will be straight forward with all of you. Unless you have a great understanding of Currencies & how the market works & then "Throw away your emotions you will get slaughtered. Rememberr they are playing "MIND MANIPULATION GAMES" If Gold goes up & the Pound drops that doesnt make the dollar stronger it makes it stronger against the pound but "WEAKER AGAINST GOLD" You buy less Gold & Less Silver with all Currencies. PAPER IS PAPER IS PAPER! Buy American Coins Silver over Gold my prefrence. THE EMPIRE WILL CRUMBLE & THE COINS WILL BE PRICELESS!

Just my view. & a few other very smart people. Look it up do your research, its your money "NEVER LISTEN TO ANYONE WITHOUT RESEARCHING IT YOURSELF" Only a Fool listens to another Fool, & after all we are all Men.
Quoting Ill-b-back
I cannot open these for some reason
http://www.financialsense.com/

contributors/ron-hera/fifteen-fundamental-problems-with-fiat-currencies



http://www.financialsense.com/

contributors/ron-hera/2011/12/07/hugo-salinas-price-what-every-politician-needs-to-know-about-silver

Try this or right click copy short cut & paste it in your browser i tried it all ways & it works.
  • #307,595
  • Apr 11, 2012 10:31pm Apr 11, 2012 10:31pm

Wednesday, April 11, 2012 10:30:39 PM *(IN) INDIA FEB INDUSTRIAL PRODUCTION Y/Y: 4.1% V 6.7%E- Prior YoY revised XXX from 6.8% to %


Wednesday, April 11, 2012 10:30:39 PM *(IN) INDIA FEB INDUSTRIAL PRODUCTION Y/Y: 4.1% V 6.7%E- Prior YoY revised lower from 6.8% to 1.1%

Have Market Intel? TradeTheNews.com Tip Line -> Click Here


  • #307,596
  • Apr 11, 2012 10:32pm Apr 11, 2012 10:32pm
Quoting Allseeingeye
I will be straight forward with all of you. Unless you have a great understanding of Currencies & how the market works & then "Throw away your emotions you will get slaughtered. Rememberr they are playing "MIND MANIPULATION GAMES" If Gold goes up & the Pound drops that doesnt make the dollar stronger it makes it stronger against the pound but "WEAKER AGAINST GOLD" You buy less Gold & Less Silver with all Currencies. PAPER IS PAPER IS PAPER! Buy American Coins Silver over Gold my prefrence. THE EMPIRE WILL CRUMBLE & THE COINS WILL BE PRICELESS!...

Thx very much. On my phone so that maybe why.
Come with me if you want to live....
  • #307,597
  • Apr 11, 2012 11:01pm Apr 11, 2012 11:01pm
I forgot what to write after reading what is going on for the last 2 hour in this thread.....
  • #307,598
  • Apr 11, 2012 11:06pm Apr 11, 2012 11:06pm
Quoting Johnny Depp
I forgot what to write after reading what is going on for the last 2 hour in this thread.....
I think we were going to discuss if you really do look like JD.
Come with me if you want to live....
  • #307,599
  • Apr 11, 2012 11:08pm Apr 11, 2012 11:08pm
im can smell your stinky from a far
  • #307,600
  • Apr 11, 2012 11:16pm Apr 11, 2012 11:16pm
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