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Cable Update (GBPUSD)

  • #314,521
  • May 24, 2012 5:01am May 24, 2012 5:01am
guys, the retracement is normal. a fib level was hit. just sell on rallies cos the trend is still very bearish. once below the fib level(1.5642) then we are in for a major push down....
  • #314,522
  • May 24, 2012 5:08am May 24, 2012 5:08am
Quoting michiyo
guys, the retracement is normal. a fib level was hit. just sell on rallies cos the trend is still very bearish. once below the fib level(1.5642) then we are in for a major push down....
there is a previous daily/weekly swing lo zone extending down to 5601 which may offer some support if tested below that 61.8% 5234-6300 which is @/around 5642, current daily lo being @ 5636.

G/L
ex member
  • #314,523
  • May 24, 2012 5:09am May 24, 2012 5:09am
Did anyone say the UK economy is a strong economy?? good god i guess my prediction for months that the UK economy is far worse than you guys thought.... i still remember very well how i called BOE easing 2 months ago when everything/everyone thought i was nuts....

So tell me again... was Olympic REALLY the reason to push the GBPUSD higher??
and i always believed that a country would benefit MOST from cheaper currency ESPECIALLY when a large tourist event is headed this way....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #314,524
  • May 24, 2012 5:15am May 24, 2012 5:15am
Quoting Itrade24h
im short, we will see 1.56 today
I'm looking at 1.58 first and then down to 1.55
  • #314,525
  • May 24, 2012 5:15am May 24, 2012 5:15am
I see your point BB ,anyway we all diff ,each have own way to achieve



Quoting bbmac
lol, thanks but just now I don't think I have the patience, - I prefer instant gratification ! - and like to trade 5hrs/day or less so there are more opps on smaller t/f's in that time particularly if you trader just one pairing like I do - gbpusd.

G/L
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #314,526
  • May 24, 2012 5:16am May 24, 2012 5:16am
Quoting bguguen
Did anyone say the UK economy is a strong economy?? good god i guess my prediction for months that the UK economy is far worse than you guys thought.... i still remember very well how i called BOE easing 2 months ago when everything/everyone thought i was nuts....

So tell me again... was Olympic REALLY the reason to push the GBPUSD higher??
and i always believed that a country would benefit MOST from cheaper currency ESPECIALLY when a large tourist event is headed this way....
Couldn't agree more.
  • #314,527
  • May 24, 2012 5:17am May 24, 2012 5:17am
gbp jpy ,direction ?
Attached Image (click to enlarge)
Click to Enlarge Name: gbp jpy h4.gif Size: 15 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #314,528
  • May 24, 2012 5:18am May 24, 2012 5:18am
near olympics time to buy gbp

Quoting bguguen
Did anyone say the UK economy is a strong economy?? good god i guess my prediction for months that the UK economy is far worse than you guys thought.... i still remember very well how i called BOE easing 2 months ago when everything/everyone thought i was nuts....

So tell me again... was Olympic REALLY the reason to push the GBPUSD higher??
and i always believed that a country would benefit MOST from cheaper currency ESPECIALLY when a large tourist event is headed this way....
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #314,529
  • May 24, 2012 5:20am May 24, 2012 5:20am
90% of traders use TA, indicators and prediction
  • #314,530
  • May 24, 2012 5:21am May 24, 2012 5:21am
in line with trend ,until broke ,candles say trend good I think


Quoting Bones
everything says stronger ,candles ,tl ,higher time frame say this chart lower right now ,

so look lower pivot tl ,ma for support ,no one right all time tho ,just looks that way to me
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #314,531
  • May 24, 2012 5:23am May 24, 2012 5:23am


Right ? speak up






Quoting _BBKing_
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #314,532
  • May 24, 2012 5:23am May 24, 2012 5:23am
oh some years ago i predicted that GU was possible to go up, then down, then up, then down, then up, then down.

if i was not busy with FED and BCE (since i work for both them, i am the one who execute all their trades) i could have made some billions with my personal account. at least i'm happy that i moved the economy for last 5 years.

90% of traders use TA, indicators and prediction
  • #314,533
  • May 24, 2012 5:25am May 24, 2012 5:25am
Quoting FXConveyor
Couldn't agree more.
some muppets here need to understand the reason why the GBPUSD rallied up was not because of olympics... it was pure big bank manipulating it to go up but like you see the big boys are done with their game and the GBP is at its lows to greet the tourists...

let me explain this a bit...

Tourists are not stupid enough to buy the Pound few months ago simply because they know olympics are coming and its better to wait to buy the pound as close as they get to the olympics...

UK economy's view on the olympics.... WIth tourists flooding in to UK, you want to encourage tourists to buy shit and to spend more when they're in UK... it only works when tourists feels like the Pound is cheap... if the Pound is too expensive in tourists view... tourists will spend A Lot less and by the end of this whole olympic hype... tourists will be holding a lot of pounds looking for opportunity to sell it back into their mother currency....
so yea you wan to keep the GBP weak so that tourists spends every dime of Pound they have in their pockets instead of going back home with all the GBP that they can sell....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #314,534
  • May 24, 2012 5:26am May 24, 2012 5:26am
lol
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #314,535
  • May 24, 2012 5:28am May 24, 2012 5:28am
really everything has reason

Quoting bguguen
some muppets here need to understand the reason why the GBPUSD rallied up was not because of olympics... it was pure big bank manipulating it to go up but like you see the big boys are done with their game and the GBP is at its lows to greet the tourists...

let me explain this a bit...

Tourists are not stupid enough to buy the Pound few months ago simply because they know olympics are coming and its better to wait to buy the pound as close as they get to the olympics...

UK economy's view on the olympics.... WIth tourists...
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #314,536
  • May 24, 2012 5:31am May 24, 2012 5:31am
Quoting Bones
really everything has reason
Oh yea when i say Big bank manipulations....
especially with GBPUSD...
im refering to a one sided Demand for the Pound with no Sellers in an iliquid market moves the prices up....
Thats the technical bit of the reasoning....
But when sellers comes back in.... this is where we're seeing this heavy sell off
We live in a finite world with infinite possibilities.
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  • #314,537
  • May 24, 2012 5:35am May 24, 2012 5:35am
I like taking the P myself lol
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #314,538
  • May 24, 2012 5:41am May 24, 2012 5:41am
gbp usd h4

Break and test no emotion



gold will fail ,thats my outlook
Attached Image
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  • #314,539
  • May 24, 2012 5:42am May 24, 2012 5:42am
Quoting Bones
gbp usd h4

Break and test no emotion



gold will fail ,thats my outlook
I'm still holding my breath that gold will hold above this trendline though....
Attached Image (click to enlarge)
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We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #314,540
  • May 24, 2012 5:43am May 24, 2012 5:43am
also ,eur gbp up ,why ???

because gbp down !!
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