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Cable Update (GBPUSD)

  • #309,401
  • Apr 24, 2012 2:14am Apr 24, 2012 2:14am
Quoting iqyu5an
in business ( whatever it is )... there is wants and need term

if there is only wants without need ... there is no deal in business

but if there is wants and need there will be deal in business ...


in fx..... wants : trader's ego ( include my ego qiiqiiqi ) ... need : supply and demand


just my imho ...

nice point of view bro!
  • #309,402
  • Apr 24, 2012 2:17am Apr 24, 2012 2:17am
wkwkkwkw...

aniway we have to practice see illusion ( nav's word ) in real life ....not only in fx business ....my imho


Quoting Ill-b-back
Yes, except for the hot chicks eyelash, it is a perfect illusion
not euphoria follower
  • #309,403
  • Apr 24, 2012 2:18am Apr 24, 2012 2:18am
Quoting nAVIN2007
yeah i saw this..u need to separate yur bias..that your problem..a long term bias cannot change overnight..

are u a scalper or hitch hicker
He he smart a..e, I get turning point figures on various TF's and I just go with them, but do like to see it reflected with divergences etc. My prob is waiting for higher TF signals which are more reliable, just impatient. I was more patient last year but Nov was also an awesome month with heaps of signals as was feb this year. It's ok man, hitch hiker? What do you mean by this?
Come with me if you want to live....
  • #309,404
  • Edited 2:32am Apr 24, 2012 2:18am | Edited 2:32am
Morning , back to see you all again .

watching only 6165 since yesterday as opened mt4 , breaks to go up next hurdle 6205 . passed to go up 6476>6618>6746. fails back breakout 6100>6060>5900 bo >5830 bo >bo 5515.

Gold at its long time support tl but may subject to break very easily now or soon towards my long time limit level 1030, impossible if be possible again , towards OK .


chart all with old lines printed & snapped yesterday , ok .

fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #309,405
  • Apr 24, 2012 2:22am Apr 24, 2012 2:22am
Quoting Ill-b-back
He he smart a..e, I get turning point figures on various TF's and I just go with them, but do like to see it reflected with divergences etc. My prob is waiting for higher TF signals which are more reliable, just impatient. I was more patient last year but Nov was also an awesome month with heaps of signals as was feb this year. It's ok man, hitch hiker? What do you mean by this?
definition:-a person who travels by getting free rides from passing vehicles. i didnt actually mean it in this term, more like long distance traveler (long term trader)
  • #309,406
  • Apr 24, 2012 2:28am Apr 24, 2012 2:28am
Quoting nAVIN2007
definition:-a person who travels by getting free rides from passing vehicles. i didnt actually mean it in this term, more like long distance traveler (long term trader)
yeah thx man for clarifying what a hitch hiker is ok I understand.
Come with me if you want to live....
  • #309,407
  • Apr 24, 2012 2:31am Apr 24, 2012 2:31am
Quoting Ill-b-back
yeah thx man for clarifying what a hitch hiker is ok I understand.
weekly in play..news hopefully will support PA..keep yur nuts crossed
  • #309,408
  • Apr 24, 2012 2:31am Apr 24, 2012 2:31am
unreal bull drive.Just unbelievable.
Without knowing results of Borrowing news or Q/Q

I heard bad news about US social security today this could be it but not sure.

Anyone ideas?
In trading, you have to be defensive and aggressive at the same time
  • #309,409
  • Apr 24, 2012 2:36am Apr 24, 2012 2:36am
While I have an understanding of banking mechanics, and I occasionally post on manipulation the subject is extremly complex and much like adding a new indicator to your charts it can be a distraction and takes a lot of work to make it useful. Current retail shorts is dropping, showing that those short from below 1.60 are taking their loses and cursing the rigged market. Those still holding short are now worried for tomorrow- if GDP comes in better than forcast, whatever is left in their tiny account will be history. So today we could see shorts closing their positions and thinking they sell the spike tomorrow. My expectation is a fast up and down move and not an extended range day today. But today all about positioning for tomorrow. 4hr chart still showing no sign of a top, and pound crosses currently are still bullish for cable.
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  • #309,410
  • Apr 24, 2012 2:39am Apr 24, 2012 2:39am
Quoting Ill-b-back
This has just come in and I thought I would share.
It talks about the USD and its failure to rally despite reasons to.
He was expecting a USD rally before a drop but it seem that perhaps the USD rally (MAY) not eventuate due to a lack of faith in the USD faster than even he anticipated.
Take it or leave it, but this is my big picture.

http://www.uncommonwisdomdaily.com/w...14112?FIELD9=2
Hello IBB,

Interesting article but the writer lost his credibility with me when he mentioned US unemployment, I quote:

" ... and the public isn’t buying the headline unemployment figures any more. The 8.2% official unemployment number is hogwash. The true unemployment figure is over 35% — and increasingly more and more people and investors realize it".

Seriously..unemployment of over 35% in the US?

It is a highly questionable assumption that the west will cede its hold over international financial systems to China or any other nation(s). China may be doing well but how did this happen?...The west simply allowed their businesses to relocate the manufacturing facilities to China and; allowed other cheap imports from there. Eg. Think of Apple Inc - almost all its products are manufactured in China and when they are sold outside China they are treated as Chinese exports. The US could simply tell Apple to start manufacturing in the west or impose some import taxes on Chinese manufactured products. What will happen then? The Apple products will be little bit more expensive (due to higher labour costs) but people will still buy them. Chinese exports will disappear and the well off in China would want to import Apple products.

The far right is gaining ground in the west - in France the far right candidate got nearly 20% of the presidential votes recently, which is a record.

http://www.guardian.co.uk/world/2012...?newsfeed=true

For the avoidance of any doubt, I do not subscribe to far right policies - don't like politics in general. However, the mainstream parties will not be able to ignore the wishes of a significant far right minority for long (circa 20%).

We live in interesting times .

Happy trading.
  • #309,411
  • Edited 2:56am Apr 24, 2012 2:40am | Edited 2:56am
Quoting Davit
unreal bull drive.Just unbelievable.
Without knowing results of Borrowing news or Q/Q

I heard bad news about US social security today this could be it but not sure.

Anyone ideas?
No at all about anynews to see yet . anyway things to change need some long term or intermediate term perspectives to start the move , up above 6165 , otherwise ready for more bad failures even breaks that line, think not if no such prospects presently .
fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #309,412
  • Apr 24, 2012 3:00am Apr 24, 2012 3:00am
Quoting Ill-b-back
Damn stopped out again, I must stop trading against my own biase
if you been stopped out 3 times in a day after putting the position right at the s&r levels, it means that you're on the wrong side of the market..

i've been waiting for days now on cable to make a significant retracement and i had my pending at 6060 but price never came to that price..

my advise is, stop trading against the trend, try find valid s&r for your entry.. atm, i'm not trading cable, it's because i can't find any valid safe entry for me so i trade other pairs atm..

good luck mate..

later guys.
  • #309,413
  • Apr 24, 2012 3:04am Apr 24, 2012 3:04am
April 2010 and April 2011 saw the high, subsequent months saw drops of over 900 pips. Cyclical? Does not hold good for 2009.
  • #309,414
  • Apr 24, 2012 3:04am Apr 24, 2012 3:04am
Quoting Rasi
Hello IBB,

Interesting article but the writer lost his credibility with me when he mentioned US unemployment, I quote:

" ... and the public isn’t buying the headline unemployment figures any more. The 8.2% official unemployment number is hogwash. The true unemployment figure is over 35% — and increasingly more and more people and investors realize it".

Seriously..unemployment of over 35% in the US?

It is a highly questionable assumption that the west will cede its hold over international financial systems to China or any other nation(s)....
I got to be honest with you, I don't understand politics at all. The guy has a very good track record and over 30 yrs experience in the markets. I don't personally know the true unemployment rate in the US, yes, 35 seems very high, but I think it includes those working under a certain number of hrs also, not sure. We all got our own sources bro and at this time the USD demise seems to reflect in my chart interpretation anyway. But I will swallow my pride for the sake of my account without a 2nd thought if I get a very strong reversal signal. Let's just say I never bother with mainstream media.
Come with me if you want to live....
  • #309,415
  • Apr 24, 2012 3:08am Apr 24, 2012 3:08am
Quoting A-speculator
if you been stopped out 3 times in a day after putting the position right at the s&r levels, it means that you're on the wrong side of the market..

i've been waiting for days now on cable to make a significant retracement and i had my pending at 6060 but price never came to that price..

my advise is, stop trading against the trend, try find valid s&r for your entry.. atm, i'm not trading cable, it's because i can't find any valid safe entry for me so i trade other pairs atm..

good luck mate..

later guys.
3 times in a day? I'm not at my charts enough to place that many trades. No bro, 1 today, 3 times since we got that crazy candle that Polzen apparently caused. Yeah I am def wrong side of the market, just impatient. Thx for the input Specs
Come with me if you want to live....
  • #309,416
  • Apr 24, 2012 3:12am Apr 24, 2012 3:12am
The USD has been weak against other currencies since the middle of April. I use Usd/Chf as a benchmark, but some people use the USDX. Personally, I am not liking the USDX for USD sentiment at the moment because it is so heavily weighted against the Euro, which is also underperforming.

Recent fundamental news from the UK has been good - and from the US not so good. So I think we will be testing 1.6165 before we go anywhere else.

Chart:

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Gone to a better place
  • #309,417
  • Apr 24, 2012 3:23am Apr 24, 2012 3:23am
I prefer usd/chf to the the dollar index also, but you need to keep an eye on gold. But that chart recently has turned sideways. Both it and the swiss are coiling in tighter ranges. Whichever way dollar breaks don't try to fade the move and don't try to predict it since its dependant on what Benanke has been instructed to say.
  • #309,418
  • Apr 24, 2012 3:26am Apr 24, 2012 3:26am
Public Sector Net Borrowing
6 more minutes
Hoping bad news
In trading, you have to be defensive and aggressive at the same time
  • #309,419
  • Apr 24, 2012 3:30am Apr 24, 2012 3:30am
The push through 607x was (good) news driven. A broker shows traders are 78% short on the GBP. Market pointing up showing wants to kill everyone short. Interesting at which point majority shorts turn to longs.
  • #309,420
  • Apr 24, 2012 3:32am Apr 24, 2012 3:32am
Quoting Davit
Public Sector Net Borrowing
6 more minutes
Hoping bad news
doesn't matter what data might come out.. the price still has not indicate significant weakness to pull the price down imho.
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luisinho