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Cable Update (GBPUSD)

  • #308,461
  • Apr 16, 2012 8:24pm Apr 16, 2012 8:24pm
Starting to get very hot under the collar because of a different point of view
Come with me if you want to live....
  • #308,462
  • Apr 16, 2012 8:24pm Apr 16, 2012 8:24pm
never had great charts
Quoting Faller
Can you offer one of your great charts that show your boxes for potential price movement?

What are you thoughts tonight?

Thanks...

Faller.
not euphoria follower
  • #308,463
  • Apr 16, 2012 8:26pm Apr 16, 2012 8:26pm
Quoting iqyu5an
never had great charts

yes u do.....
I don't trust any move - when you have profit...take it.
  • #308,464
  • Apr 16, 2012 8:27pm Apr 16, 2012 8:27pm
Quoting Ill-b-back
Starting to get very hot under the collar because of a different point of view

Please explain....what is your point of view....and what is different from your point of view?
I don't trust any move - when you have profit...take it.
  • #308,465
  • Apr 16, 2012 8:35pm Apr 16, 2012 8:35pm
Quoting Faller
Looking at the Euro daily I see bad things....and most times GBP follows Euro down -

today was a sell off in technology - which is a consumer area......

will have to see if Dow Transports and Dow and ES follow tomorrow.....

Aud comes out with minutes tonight.....going to be bearish.....
GBP has lots of news this week.....can't be bullish.....

Like I said a week ago....how can most countries have NEGATIVE or flat GDP and we say that is a recovery.......China was suppose to beat with over 9% GDP - they come...
drop the needle.
I don't trust any move - when you have profit...take it.
  • #308,466
  • Apr 16, 2012 8:45pm Apr 16, 2012 8:45pm
Quoting Faller
Please explain....what is your point of view....and what is different from your point of view?
I have been outlining my view for then last hour. It Seems debt is killing everyone and China is building for the future. US does not want a strong currency and I believe they know they will have to start printing again which will erode faith in them. I think the smart guys sold the dollar at the bottom at 5230. That in a nutshell is my view I guess.
Come with me if you want to live....
  • #308,467
  • Apr 16, 2012 9:00pm Apr 16, 2012 9:00pm
seems like risk off currently in play..
  • #308,468
  • Apr 16, 2012 9:01pm Apr 16, 2012 9:01pm
Quoting Ill-b-back
I have been outlining my view for then last hour. It Seems debt is killing everyone and China is building for the future. US does not want a strong currency and I believe they know they will have to start printing again which will erode faith in them. I think the smart guys sold the dollar at the bottom at 5230. That in a nutshell is my view I guess.

One thing you have to remember is that USA does not care where the dollar is.....all other major countries currency is worth more then the USA - it costs 1.31 us to get one euro....it costs 1.59 us to get one pound....they are all more powerful currencies.........AS WELL.....all commodities are priced in us dollars....so if oil goes to 200 usd....it is still 200 usd no matter what the USD is valued at against other currencies......the USA is the god of the markets and Forex.....it is the other countries that want to devalue their currencies to have the same benefit.
I don't trust any move - when you have profit...take it.
  • #308,469
  • Apr 16, 2012 9:03pm Apr 16, 2012 9:03pm
Quoting iqyu5an
never had great charts

You are a bully with no backbone.....why are you running and hiding now?

Stay and show your true colors....you and FXMindset.....

I am here in peace and to trade and share ideas. - why are you here?
I don't trust any move - when you have profit...take it.
  • #308,470
  • Apr 16, 2012 9:09pm Apr 16, 2012 9:09pm
Quoting Faller
One thing you have to remember is that USA does not care where the dollar is.....all other major countries currency is worth more then the USA - it costs 1.31 us to get one euro....it costs 1.59 us to get one pound....they are all more powerful currencies.........AS WELL.....all commodities are priced in us dollars....so if oil goes to 200 usd....it is still 200 usd no matter what the USD is valued at against other currencies......the USA is the god of the markets and Forex.....it is the other countries that want to devalue their currencies to have...
What I mean by wanting a weak currency is so they can pay off their debts. Printing money will give them free money to pay debts and meet enormous internal obligations and will devalue their currency. I honestly believe they will lose their place as common currency and that will be significant.
Come with me if you want to live....
  • #308,471
  • Apr 16, 2012 9:12pm Apr 16, 2012 9:12pm
Quoting Ill-b-back
What I mean by wanting a weak currency is so they can pay off their debts. Printing money will give them free money to pay debts and meet enormous internal obligations and will devalue their currency. I honestly believe they will lose their place as common currency and that will be significant.

let them devalue....a us dollar is a us dollar.....they can devalue their currency too almost zero.......but if oil is 200 usd a barrel they can still give 200 George Washingtons to buy that oil....even if the currency is worth shit!!!!!!!
I don't trust any move - when you have profit...take it.
  • #308,472
  • Apr 16, 2012 9:22pm Apr 16, 2012 9:22pm
Quoting Faller
let them devalue....a us dollar is a us dollar.....they can devalue their currency too almost zero.......but if oil is 200 usd a barrel they can still give 200 George Washingtons to buy that oil....even if the currency is worth shit!!!!!!!
perhaps, we might have a drop on cable today.. food for the bears eh..
  • #308,473
  • Apr 16, 2012 9:24pm Apr 16, 2012 9:24pm
Quoting Faller
let them devalue....a us dollar is a us dollar.....they can devalue their currency too almost zero.......but if oil is 200 usd a barrel they can still give 200 George Washingtons to buy that oil....even if the currency is worth shit!!!!!!!
Exactly, and who is going to want a currency that is worthless? That's exactly my point, people will lose more faith in the USD and it may then lose its place as the reserve currency. America will lose its influence.
Come with me if you want to live....
  • #308,474
  • Apr 16, 2012 9:34pm Apr 16, 2012 9:34pm
Quoting Ill-b-back
Exactly, and who is going to want a currency that is worthless? That's exactly my point, people will lose more faith in the USD and it may then lose its place as the reserve currency. America will lose its influence.

I exaggerate.....all I am saying....is USA can manipulate to their advantage.....the Eruo zone currently has a bigger balance sheet then the USA...the Euro is more fucked then USA.....UK is more fucked the USA.....China needs USA..............USA can survive on their own.....they can manufacture, develop, create, invent, purchase and keep the circle going inside their own circle....name one other country in the world that can do that......CHINA is nothing without the rest of the world....and that world is USA....USA......USA.....
I don't trust any move - when you have profit...take it.
  • #308,475
  • Apr 16, 2012 9:38pm Apr 16, 2012 9:38pm
Quoting Faller
I exaggerate.....all I am saying....is USA can manipulate to their advantage.....the Eruo zone currently has a bigger balance sheet then the USA...the Euro is more fucked then USA.....UK is more fucked the USA.....China needs USA..............USA can survive on their own.....they can manufacture, develop, create, invent, purchase and keep the circle going inside their own circle....name one other country in the world that can do that......CHINA is nothing without the rest of the world....and that world is USA....USA......USA.....
For now
Come with me if you want to live....
  • #308,476
  • Apr 16, 2012 9:39pm Apr 16, 2012 9:39pm
Quoting Faller
I exaggerate.....all I am saying....is USA can manipulate to their advantage.....the Eruo zone currently has a bigger balance sheet then the USA...the Euro is more fucked then USA.....UK is more fucked the USA.....China needs USA..............USA can survive on their own.....they can manufacture, develop, create, invent, purchase and keep the circle going inside their own circle....name one other country in the world that can do that......CHINA is nothing without the rest of the world....and that world is USA....USA......USA.....
You foget that USA needs China...
Come with me if you want to live....
  • #308,477
  • Apr 16, 2012 9:42pm Apr 16, 2012 9:42pm
Quoting A-speculator
perhaps, we might have a drop on cable today.. food for the bears eh..

Any levels to watch out?
Weigh well output the loss and gain And proper action ascertain
  • #308,478
  • Apr 16, 2012 10:03pm Apr 16, 2012 10:03pm
Quoting usasa
Any levels to watch out?
i'm looking to short cable at 5900 with stop at 5920..

there's reasons why i think cable might move south especially on how the aussie, swissy and candy PA atm..
  • #308,479
  • Apr 16, 2012 10:08pm Apr 16, 2012 10:08pm
Quoting Faller
I exaggerate.....all I am saying....is USA can manipulate to their advantage.....the Eruo zone currently has a bigger balance sheet then the USA...the Euro is more fucked then USA.....UK is more fucked the USA.....China needs USA..............USA can survive on their own.....they can manufacture, develop, create, invent, purchase and keep the circle going inside their own circle....name one other country in the world that can do that......CHINA is nothing without the rest of the world....and that world is USA....USA......USA.....
You mighty fond of the Good old USA for a Canadian bro Maybe we hijacked this thread enough?
Come with me if you want to live....
  • #308,480
  • Apr 16, 2012 10:10pm Apr 16, 2012 10:10pm
Quoting Ill-b-back
You mighty fond of the Good old USA for a Canadian bro Maybe we hijacked this thread enough?

Good Night....

11PM here....going to get some shut eye.....see you in a bit.
I don't trust any move - when you have profit...take it.
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