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Cable Update (GBPUSD)

  • #308,241
  • Apr 15, 2012 4:33pm Apr 15, 2012 4:33pm
Got my eye on 5769, 5693, 56, though immediate PA favours the latter 2, we
Have quickly overcome 170 pip day candles fairly quickly recently, so who knows
Come with me if you want to live....
  • #308,242
  • Apr 15, 2012 4:46pm Apr 15, 2012 4:46pm
Quoting Rasi
Faller,

If I were you, I wouldn't rely too much on BarCap's predictions. I usually go against what they say and tend to do well most of the time . FYI, I deal with them regularly every week.

It is true the economic data is weak/mixed and; the European outlook is not looking good which is going to have an impact on the economic performance of UK. However, UK is able to keep its AAA rating with a stable outlook which even the US couldn't manage....
Just to give you a heads up on NEWS! The TECHNICALS are Short & the Fundamentals ALLWAYS end up where the THECHNICALS TELL THEM TO! So if the NEWS IS SELL! THEN
SELL!SELL!SELL!SELL!SELL!SELL!SELL!SELL!SELL!SELL!SELL!SELL!SELL!SELL!SELL!SELL!SELL!SELL!SELL!SELL!SELL!SELL!SELL!SELL!SELL!SELL!SELL!SELL!SELL!SELL!SELL!SELL!SELL!SELL!SELL!
SELL!
  • #308,243
  • Apr 15, 2012 5:05pm Apr 15, 2012 5:05pm
Quoting Faller
S&P may have said yes to AAA and stable outlook but Fitch & Moody's maintain Negative Outlook - It only takes one of the ratings agencies to downgrade for a little poop to hit the fan - we have to keep our minds and eyes open to everything that we can.....even though we cannot possible see or understand everything. That is why I am a price action trader - with a solid understanding of technicals and fundamentals.


Faller.
Very true.

I can tell you from first hand experience that UK has many big issues to resolve. The London region is doing fine (relatively speaking) but the northern regions are suffering. The main problem from my point of view is that of the balance of payments. i-e we are importing far more goods than we are exporting (excluding services). Unless otherwise the manufacturing starts to improve (and create enough jobs), the problem is going to persist. The country has the natural resources, the capital and the workforce but currently it is not viable to produce low value goods here due to the high labour costs and the strength of the Pound. i-e we are not competitive enough in the world market. A weaker Pound would help but other western countries seem to be suffering more than UK.

Regards,
  • #308,244
  • Apr 15, 2012 5:18pm Apr 15, 2012 5:18pm
Quoting Allseeingeye
Just to give you a heads up on NEWS! The TECHNICALS are Short & the Fundamentals ALLWAYS end up where the THECHNICALS TELL THEM TO! So if the NEWS IS SELL! THEN
SELL!SELL!SELL!SELL!SELL!SELL!SELL!SELL!SELL!SELL!SELL!SELL!SELL!SELL!SEL!
Thank you. As a matter of interest, are you based in UK?

Regards,
  • #308,245
  • Apr 15, 2012 5:41pm Apr 15, 2012 5:41pm
Quoting Rasi
Thank you. As a matter of interest, are you based in UK?

Regards,
No LA
  • #308,246
  • Apr 15, 2012 5:51pm Apr 15, 2012 5:51pm

Sunday, April 15, 2012 3:50:22 PM (UK) Preview: UK Apr Rightmove House Price data expected at 19:01ET (23:01GMT)- m/m: no est v 1.6% prior - y/y: no est v 2.2% prior

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

  • #308,247
  • Apr 15, 2012 5:55pm Apr 15, 2012 5:55pm
Quoting Allseeingeye

Sunday, April 15, 2012 3:50:22 PM (UK) Preview: UK Apr Rightmove House Price data expected at 19:01ET (23:01GMT)- m/m: no est v 1.6% prior - y/y: no est v 2.2% prior

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


Info leaked 3 days ago....number posted is 2.9% the number will adjusted if different at time of release.
I don't trust any move - when you have profit...take it.
  • #308,248
  • Apr 15, 2012 6:07pm Apr 15, 2012 6:07pm

Sunday, April 15, 2012 4:06:33 PM (KR) Kim Jong Un in his first speech has indicated that he will open talks on the possible introduction of capitalism and economic reform - Korean press- Said he will defend the country from foreign forces. - ''Superiority in military technology is no longer a monopoly of the imperialists, and an era when enemies threatened and blackmailed us with atomic bombs has gone forever."

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

  • #308,249
  • Apr 15, 2012 6:44pm Apr 15, 2012 6:44pm
Quoting Allseeingeye
[left][color=#000000]Sunday, April 15, 2012 4:06:33 PM (KR) Kim Jong Un in his first speech has indicated that he will open talks on the possible introduction of capitalism and economic reform - Korean press- Said he will defend the country from foreign forces. - ''Superiority in military technology is no longer a monopoly of the imperialists, and an era when enemies threatened and blackmailed us with atomic bombs has gone forever."

[i]Have Market Intel? TradeTheNews.com Tip Line -> [url="http://www.tradethenews.com/Tips?affiliate=cfl"]Click...

I don't trust any move - when you have profit...take it.
  • #308,250
  • Apr 15, 2012 6:53pm Apr 15, 2012 6:53pm
Comon guys that deserved at least 5 of these!
  • #308,251
  • Apr 15, 2012 7:08pm Apr 15, 2012 7:08pm
1.5836 breaks look for 1.5800 then 1.5775
I don't trust any move - when you have profit...take it.
  • #308,252
  • Apr 15, 2012 7:12pm Apr 15, 2012 7:12pm
Quoting Faller
Break below 1.5925 look to 1.5875 -

Right now price is in shit zone - so like I said....I am off to the great outdoors!

Enjoy the day my fellow traders.....

Faller.

This is what I posted on Friday......
I don't trust any move - when you have profit...take it.
  • #308,253
  • Apr 15, 2012 7:19pm Apr 15, 2012 7:19pm
Quoting Faller
This is what I posted on Friday......

Sunday, April 15, 2012 4:53:27 PM (EU) Moody's considering ratings cuts to 117 companies across 16 countries


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

  • #308,254
  • Apr 15, 2012 7:20pm Apr 15, 2012 7:20pm
Quoting Faller
Good call.....

Over and out -

Faller.
Yes we know bro, you reminded us on Friday
Come with me if you want to live....
  • #308,255
  • Apr 15, 2012 7:22pm Apr 15, 2012 7:22pm
Quoting Ill-b-back
Yes we know bro, you reminded us on Friday

Sorry.

No more from me.......
I don't trust any move - when you have profit...take it.
  • #308,256
  • Apr 15, 2012 7:27pm Apr 15, 2012 7:27pm
What do you guys think about this possibility for the London session?
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 39 KB
Thanks for all the fish
  • #308,257
  • Apr 15, 2012 7:30pm Apr 15, 2012 7:30pm
Quoting Faller
Sorry.

No more from me.......
no bro, don't take me seriously, this game too much fun. Just asking a question, if your broker offers you a bonus for deposits, are they trying to scam you? I have heard of bonuses but never experienced one. Is it a scam?
Come with me if you want to live....
  • #308,258
  • Apr 15, 2012 7:31pm Apr 15, 2012 7:31pm
Quoting Allseeingeye
Just to give you a heads up on NEWS! The TECHNICALS are Short & the Fundamentals ALLWAYS end up where the THECHNICALS TELL THEM TO! So if the NEWS IS SELL! THEN
SELL!SELL!SELL!SELL!SELL!SELL!SELL!SELL!SELL!SELL!SELL!SELL!SELL!SELL!SELL!SELL!SELL!SELL!SELL!SELL!SELL!SELL!SELL!SELL!SELL!SELL!SELL!SELL!SELL!SELL!SELL!SELL!SELL!SELL!SELL!
SELL!
Very nice mate, calibration and recheck each other from technical and fundamental, maybe will give as better view and objective thinking before entering this crazy market...
it is nice to share with you and everybody here
Regards
RA
  • #308,259
  • Apr 15, 2012 7:34pm Apr 15, 2012 7:34pm
Quoting Ill-b-back
no bro, don't take me seriously, this game too much fun. Just asking a question, if your broker offers you a bonus for deposits, are they trying to scam you? I have heard of bonuses but never experienced one. Is it a scam?

Seriously, this is no game for me. This is a business....this is how I pay the bills and feed the family. I know a lot of you guys do this for fun because you have other source of income...but not me.

I do not know anything about brokers offering a bonus.....but on the surface sounds like they are hurting and need liquidity.

I don't trust any move - when you have profit...take it.
  • #308,260
  • Apr 15, 2012 7:36pm Apr 15, 2012 7:36pm
Quoting Ill-b-back
no bro, don't take me seriously, this game too much fun. Just asking a question, if your broker offers you a bonus for deposits, are they trying to scam you? I have heard of bonuses but never experienced one. Is it a scam?
Hi mate, i never heard that bonus, what only i know is swap for every overnight position and auto cut for some positition in case the remaining equity less than minimum margin they required, what kind of bonus they 're offering.....??? if it is true, your broker should be very nice mate compared with mine.......
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