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Cable Update (GBPUSD)

  • #313,201
  • May 15, 2012 12:59pm May 15, 2012 12:59pm
cant really do nothing on this pair until it goes back to the 15m 200.. or for all the pairs i trade for that matter.. :-/ .. looks like it wont happen during ny session..
  • #313,202
  • May 15, 2012 1:00pm May 15, 2012 1:00pm
Quoting Faller
Think of things this way......Euro Zone had 0% GDP.....UK currently in a technical recession - if this is the bottom of the economies.......and things should only get better from here......hmmmmm.....just a thought.

Faller.
No. We have a long way to go to solve the mess in the eurozone and we haven't reached the bottom of the economic cycle yet. Needless to say UK will also be affected despite many positives. Here is a link to an article in the Der Spiegel to give you a German view.

http://www.spiegel.de/international/...-a-832968.html

The best case scenario is a Greece exit from Euro but I cannot see the Greeks playing ball.

Cheers
  • #313,203
  • May 15, 2012 1:01pm May 15, 2012 1:01pm
Sell the pound.

Update: -9% account balance. Shorts still underwater.
Attached Image (click to enlarge)
Click to Enlarge Name: gbp.jpg Size: 130 KB
  • #313,204
  • May 15, 2012 1:13pm May 15, 2012 1:13pm
Something different this time

GBP/AUD sorry for puting chart right here but I didn't know where to share it.
An excellent carry trade in the making. It took 3 months to climb up I wonder how long it'll be falling down..

http://s13.postimage.org/56ue9o47b/gbp.gif
upload pictures

Daily also looking bearish
swing it!
  • #313,205
  • May 15, 2012 1:16pm May 15, 2012 1:16pm
Quoting Faller
Think of things this way......Euro Zone had 0% GDP.....UK currently in a technical recession - if this is the bottom of the economies.......and things should only get better from here......hmmmmm.....just a thought.

Faller.
This is the bottom of economies for most countries like us, EURO still searching for a bottom... as soon as bottom's been found in other currencies, they will realise how overvalued GBP is and they will start taking profits.... GBP will be dumped... like big time dumped...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #313,206
  • May 15, 2012 1:25pm May 15, 2012 1:25pm
Quoting bguguen
This is the bottom of economies for most countries like us, EURO still searching for a bottom... as soon as bottom's been found in other currencies, they will realise how overvalued GBP is and they will start taking profits.... GBP will be dumped... like big time dumped...

Was just tossing some thoughts out there hoping to get some people to respond with their insight.....thanks for the response. We have to keep our minds open in this business.

Faller.
I don't trust any move - when you have profit...take it.
  • #313,207
  • May 15, 2012 1:27pm May 15, 2012 1:27pm
Quoting Amir_Forex
Longman is waiting @ 1.599









Patterns have an underlying mathematical structure.
  • #313,208
  • May 15, 2012 1:33pm May 15, 2012 1:33pm
Quoting Faller
Was just tossing some thoughts out there hoping to get some people to respond with their insight.....thanks for the response. We have to keep our minds open in this business.

Faller.
BTW just a slight info.... i am starting to buy into the fact that it be great for the EUROZONE to see Greece Leave.... the moral hazard greeks have are far toxic than the toxic debt they have.....

just a slight thought... France and Germany if alone, their Economies showed that their GDP growth were higher than UK... begs to wonder why France was downgraded and not UK....

I'm not a big fan of the GBP, but i am a serious big fan of RMB, not a big fan of Gold, my theory still holds where gold is only worth where it is only because its all speculated value, the ACTUAL value of gold perhaps is around 400 USD or so... gold IMHO is only worth as much as the cost to produce them
Although gold is a finite resource, it is a resource that doesnt get exhausted.... you dig it up, make it into a gold coin, and it will still be a gold coin after millions of years.... only reason why its finite is because the gold industry is regulated if not by trade unions, by governments themselves to tighten production of it to prevent excess supply of it which would lead to a lost of value in gold...
but hey gold is still over valued atm....
Gold is a bubble itself.... need i remind everyone of the Dutch Tulip Bubble crisis??
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #313,209
  • May 15, 2012 1:37pm May 15, 2012 1:37pm
Quoting Amir_Forex






price was hit at my end....did your order not get picked up? send it in manually....you don't want to miss the train.....
I don't trust any move - when you have profit...take it.
  • #313,210
  • May 15, 2012 1:51pm May 15, 2012 1:51pm
Quoting Faller
price was hit at my end....did your order not get picked up? send it in manually....you don't want to miss the train.....
1.6002 lowest here, what broker do You have?
  • #313,211
  • May 15, 2012 1:52pm May 15, 2012 1:52pm
Quoting Faller
price was hit at my end....did your order not get picked up? send it in manually....you don't want to miss the train.....

is it best time to buy nw??
  • #313,212
  • May 15, 2012 1:52pm May 15, 2012 1:52pm
Quoting Flynchenberg
1.6002 lowest here, what broker do You have?

sorry...I trade futures......different pricing by a few pips....my mistake.

Faller.
I don't trust any move - when you have profit...take it.
  • #313,213
  • May 15, 2012 1:55pm May 15, 2012 1:55pm
Quoting Faller
.
.
.
you don't want to miss the train.....

I need a RollerCoaster @ 1.599







Patterns have an underlying mathematical structure.
  • #313,214
  • May 15, 2012 1:56pm May 15, 2012 1:56pm
If we claw our ways back above the trendline, then short cover rally may start to 1.6050/75, Still holding short from highs, may hedge longs on retrace here.
  • #313,215
  • May 15, 2012 2:31pm May 15, 2012 2:31pm
Quoting Amir_Forex

I need a RollerCoaster @ 1.599







you shorting or longing??
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #313,216
  • May 15, 2012 2:42pm May 15, 2012 2:42pm
You must position yourself properly on the wave so that you can absorb the most inertia it has to offer....
I don't trust any move - when you have profit...take it.
  • #313,217
  • May 15, 2012 2:44pm May 15, 2012 2:44pm
Quoting Amir_Forex

I need a RollerCoaster @ 1.599









I've Already Got in...













Patterns have an underlying mathematical structure.
  • #313,218
  • May 15, 2012 2:45pm May 15, 2012 2:45pm
Quoting Faller
You must position yourself properly on the wave so that you can absorb the most inertia it has to offer....
i kinda like my chances that GBPUSD will break 1.60 and headed for 1.5750 areas...
with flatfish commenting how retail traders are moving towards buying GBP....and that retail traders are 95% wrong most of the time... genius post...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #313,219
  • May 15, 2012 2:47pm May 15, 2012 2:47pm
Quoting bguguen
i kinda like my chances that GBPUSD will break 1.60 and headed for 1.5750 areas...
with flatfish commenting how retail traders are moving towards buying GBP....and that retail traders are 95% wrong most of the time... genius post...

true dat.....

just watching here....

anything can happen.....someone coughs the wrong way and things move.....time will tell....
I don't trust any move - when you have profit...take it.
  • #313,220
  • May 15, 2012 2:51pm May 15, 2012 2:51pm
Quoting Faller
true dat.....

just watching here....

anything can happen.....someone coughs the wrong way and things move.....time will tell....
It's funny though how i told people not to long on monday when GBPUSD was pushing up for no reason... that was some Seriously OBVIOUS stop hunting action on low liquidity markets...
like i said never trust monday movements..... otherwise Shit like today happens lol
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
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