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Cable Update (GBPUSD)

  • #310,061
  • Edited 2:23pm Apr 26, 2012 2:18pm | Edited 2:23pm
Quoting bguguen
BTW a PEG/price floor IS a manipulation... just a known one... a manipulation being public doesnt mean it isnt manipulation my friend... the fact they placed a PEG/Price Floor Restricts the Currency Pair to Move According to the Laws of Demand and Supply IS a force of manipulation... so you're wrong again there my friend...

Yea no need to educate me about the Peg on EURCHF dude... i holding longs at 1.2050 and 1.2020, but what i mean is... if EURCHF puts a peg at 1.20 which is sooooooo sooooo publicly known... why then have we seen EURCHF poke...
as you've sucked me in now, and i deserve it seeing as this is a public forum and everyone's fair game, and i did address you directly after all...

so, intervention based on a commitment = manipulation...
k, got it. in that case, the snb is being manipulated by swiss businesses and swiss import/exporters. they're own citizens effectively.

seems it's just semantics on your definition of 'manipulation'...which i know am starting to understand.
you mean manipulate in the same way as someone manipulating marble into a statue, or oil on canvas into a painting. perhaps it was the 'conspiracy theory' type tone to your post that first got me misunderstanding.

btw, it is not a brick wall @ 1.20, of course people are going to 'test' it.
the snb doesn't execute those orders sitting there with every market participant... but they sure as hell execute in large volume, why do you think it shot straight back up over 1.20?
the breach has even been blamed on 'fat finger' at the snb themselves, but of course, no-one will cop to it, and i know better than to believe anything without evidence, so that remains conjecture, speculation and opinion. other market participants have also tried to take credit for 'making them sweat', probably as a way of trying to be the biggest swinging dick in the room, i guess...

anyway, you wanted a 'technical reason'... so i'll try and accommodate...
"there were more sell orders than buy orders below 1.20" as some continuation "it breached. the snb threw money at the problem. swallowed up every bid. the problem went away"

right, now i'm really outta here. i don't think this is productive.
keep well all.
Carpe Divitiae
  • #310,062
  • Apr 26, 2012 2:25pm Apr 26, 2012 2:25pm
Quoting fsiltd
as you've sucked me in now, and i deserve it seeing as this is a public forum and everyone's fair game, and i did address you directly after all...

so, intervention based on a commitment = manipulation...
k, got it. in that case, the snb is being manipulated by swiss businesses and swiss import/exporters. they're own citizens effectively.

seems it's just semantics on your definition of 'manipulation'...which i know am starting to understand.
you mean manipulate in the same way as someone manipulating marble into a statue, or oil on canvas into...

i have no idea what u guys are talking about..for this reason is productive
  • #310,063
  • Apr 26, 2012 2:26pm Apr 26, 2012 2:26pm
Quoting fsiltd
as you've sucked me in now, and i deserve it seeing as this is a public forum and everyone's fair game, and i did address you directly after all...

so, intervention based on a commitment = manipulation...
k, got it. in that case, the snb is being manipulated by swiss businesses and swiss import/exporters. they're own citizens effectively.

seems it's just semantics on your definition of 'manipulation'...which i know am starting to understand.
you mean manipulate in the same way as someone manipulating marble into a statue, or oil on canvas...
look at the Italic... thats not quite Technical.... thats fundamental there... the fact that there were orders down so it got filled and shot back up with SNB keeping it up it all sounds fundamental....

what i meant is if theres any Technical Analysis liek Fib retracements or Trendlines or elliott wave that could explain that spike down...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #310,064
  • Apr 26, 2012 2:34pm Apr 26, 2012 2:34pm
Quoting nAVIN2007
i have no idea what u guys are talking about..for this reason is productive
Haha its okay nav, hows your week doing?? im still struggling with GBPNZD but account still growing... seriously waiting for a downwards retracement on that bitch pair...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #310,065
  • Apr 26, 2012 2:51pm Apr 26, 2012 2:51pm
Quoting bguguen
look at the Italic... thats not quite Technical.... thats fundamental there... the fact that there were orders down so it got filled and shot back up with SNB keeping it up it all sounds fundamental....

what i meant is if theres any Technical Analysis liek Fib retracements or Trendlines or elliott wave that could explain that spike down...
they could be stops... what's 'fundamental' about that? more sell orders than buy orders is 'price action' and/or 'order flow' which some on this forum would claim IS technical analysis...

there's about as many different technical ways to analyse a market as there are participants in that market... i couldn't possibly comment on why other people's technical analysis made them put orders there...you're best to ask someone who trades the pair, i don't.
what i do know is that lack of evidence, is not evidence to the contrary

i do still have a suspicion that due to lack of conspiracy style evidence for the conspiracy style manipulation claim, you are now clinging to the dictionary definition. squirrely move on your part i suspect.
i could be wrong of course. i frequently am. the written word is very subjective after all, so tone and sentiment are easily lost.
i do however stand by my first impression, which is far digressed from the snb floor we're now talking about, which was your 'tone of disgust' at the fundamentals of cable not corresponding with the direction of the price movement, which lead to the "clear manipulation" comments, which sure made it seem like 'they are out to get us' type talk.

right, that's it from me for real. i made it nearly a year without posting on this board...damn shame i had to get into it with this topic...(and one other in the members lounge, but hey...)

please, don't think me rude if i don't reply/respond again. as mentioned, i don't like showing my @$$hole in public.
Carpe Divitiae
  • #310,066
  • Apr 26, 2012 2:52pm Apr 26, 2012 2:52pm
Quoting PoundTrader
watch and learn you will need this lesson http://www.easyfreesmileys.com/smileys/lol-045.gif
I learnt a lot today
I thought she was going to drop by that PA too but man seems to be suspended
Come with me if you want to live....
  • #310,067
  • Apr 26, 2012 2:53pm Apr 26, 2012 2:53pm
Quoting bguguen
Haha its okay nav, hows your week doing?? im still struggling with GBPNZD but account still growing... seriously waiting for a downwards retracement on that bitch pair...
im still in the red buddy..100 pound worth..not much but im still waiting for this mofo to make a move higher..god know if it will

but the bugger is on steriods so its all good for me..hang in there buddy..i reckon yur trade will come good
  • #310,068
  • Apr 26, 2012 2:54pm Apr 26, 2012 2:54pm
Quoting Ill-b-back
I learnt a lot today
I thought she was going to drop by that PA too but man seems to be suspended
hmmm more like stuck in an awkward position for my liking....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #310,069
  • Apr 26, 2012 2:56pm Apr 26, 2012 2:56pm
Quoting nAVIN2007
im still in the red buddy..100 pound worth..not much but im still waiting for this mofo to make a move higher..god know if it will

but the bugger is on steriods so its all good for me..hang in there buddy..i reckon yur trade will come good
Ahh, thats good news... well i wouldnt be surprised for your trades to get back int he green... i swear to god the GBPUSD is on steroids or something....
BTW i told you the UK economy was bad AHAHAH regardless of the weather...
Ironically holding GBPNZD shorts actually making me money on Overnight Swaps sooo when this fucker drops where i TP at 1.9625, id make money on the TP Plus Swaps lol....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #310,070
  • Apr 26, 2012 2:59pm Apr 26, 2012 2:59pm
Quoting fsiltd
are you a poe?... i can never quite tell.
(although, the ad-hominem on people that don't agree with you does point to you not being one)

anyway, if you're not aware of the snb floor/peg... and that they openly and publicly spend billions, both in eur futures and eur forwards and have billions in resting orders at 1.20... which is not manipulation...(it's just that they're richer than all of us), then i suggest you do some research... real research, based on factual information.

as they say though - [i]"opinions...
This must be one of the best posts ever - for real

I would have vouched for you - but I do not know where the friggin button is. Go figure.

My apology for not being sharp as a minora blade.

Pff
  • #310,071
  • Apr 26, 2012 3:02pm Apr 26, 2012 3:02pm
Quoting bguguen
Ahh, thats good news... well i wouldnt be surprised for your trades to get back int he green... i swear to god the GBPUSD is on steroids or something....
BTW i told you the UK economy was bad AHAHAH regardless of the weather...
Ironically holding GBPNZD shorts actually making me money on Overnight Swaps sooo when this fucker drops where i TP at 1.9625, id make money on the TP Plus Swaps lol....
  • #310,072
  • Apr 26, 2012 3:03pm Apr 26, 2012 3:03pm
Quoting TauTrader
This must be one of the best posts ever - for real

I would have vouched for you - but I do not know where the friggin button is. Go figure.

My apology for not being sharp as a minora blade.

Pff
Why would you quit if new system fails?
Come with me if you want to live....
  • #310,073
  • Apr 26, 2012 3:28pm Apr 26, 2012 3:28pm
got to be watching this mofo with a lot of interest
Attached Image (click to enlarge)
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Come with me if you want to live....
  • #310,074
  • Apr 26, 2012 3:34pm Apr 26, 2012 3:34pm
this is not looking good for navin, base on price action look like uptrend is running out of steam, could see a big drop by friday closed. http://www.easyfreesmileys.com/smile...mileys-211.gif
  • #310,075
  • Apr 26, 2012 3:36pm Apr 26, 2012 3:36pm
Quoting PoundTrader
this is not looking good for navin, base on price action look like uptrend is running out of steam, could see a big drop by friday closed. http://www.easyfreesmileys.com/smile...mileys-211.gif
u must be crazy!!
Attached Image
  • #310,076
  • Apr 26, 2012 3:53pm Apr 26, 2012 3:53pm
Quoting PoundTrader
this is not looking good for navin, base on price action look like uptrend is running out of steam, could see a big drop by friday closed. http://www.easyfreesmileys.com/smile...mileys-211.gif
Could be but I am more inclined to think a retest of 6137 or so before moving higher, but we never know right. This thing deserves a breather.
Come with me if you want to live....
  • #310,077
  • Apr 26, 2012 3:57pm Apr 26, 2012 3:57pm
I think it would take some hefty news to tank thru support
Come with me if you want to live....
  • #310,078
  • Apr 26, 2012 4:08pm Apr 26, 2012 4:08pm
Quoting nAVIN2007
u must be crazy!!
http://www.pic4ever.com/images/oregonian_winesmiley.gif
  • #310,079
  • Apr 26, 2012 4:10pm Apr 26, 2012 4:10pm
Quoting PoundTrader
this is not looking good for navin, base on price action look like uptrend is running out of steam, could see a big drop by friday closed. http://www.easyfreesmileys.com/smile...mileys-211.gif
Sorry bro, I didn't check if you were being serious. If she was going to tank would it have happened after housing stats? Maybe everyone digesting the current state of world affairs and wondering if it is all worth it?
Come with me if you want to live....
  • #310,080
  • Apr 26, 2012 4:11pm Apr 26, 2012 4:11pm
Quoting PoundTrader
http://www.pic4ever.com/images/oregonian_winesmiley.gif
Dude, where you get those icons? They are funny as sh?t
Come with me if you want to live....
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