On-site guru & also FF member's' psychiatrist, when not drinking tea
Cable Update (GBPUSD)
- #314,801
- May 26, 2012 5:20am May 26, 2012 5:20am
- Joined Nov 2007 | Status: left CanaryWharf desk-tea break | 24,286 Posts
Hey O also gold is connected to eu also I think right now very connected to gbp ,just a thought
I think Gold is seasonal commodity.First 2 quarters of the year it will be low but next two quarters it will be in uptrend.
Here in India, August to December there will be lot of marriages.We India's are very much interested in this yellow metal.It is our tradition to have gold ornaments during marriages.Those months gold will go very high and become low during 2nd quarter of the year.
This is what i observed in monthly charts to.
I am a hunter...i kill both bulls and bears...
- #314,803
- May 26, 2012 6:09am May 26, 2012 6:09am
- Joined Nov 2007 | Status: left CanaryWharf desk-tea break | 24,286 Posts
On-site guru & also FF member's' psychiatrist, when not drinking tea
- #314,804
- May 26, 2012 6:17am May 26, 2012 6:17am
GBPUSD is negatively correlated (almost) with USDCHF. i-e if GU goes down, UC goes up and vice a versa.
Right now USDCHF is going up, which suggests GBPUSD should go down. Needless to say, the trend could reverse but the USDCHF weekly chart suggests it has some more room to go up. Therefore I will be holding on to my shorts until I get further evidence to the contrary. Here is the chart:
Right now USDCHF is going up, which suggests GBPUSD should go down. Needless to say, the trend could reverse but the USDCHF weekly chart suggests it has some more room to go up. Therefore I will be holding on to my shorts until I get further evidence to the contrary. Here is the chart:
lol right its you guys ,really I'm struggling with connection to gbp right now but when gold falls so does gbp ,almost unison
but these things change all the time depending on current climate
Metals are effected globally but not currency.What do you say mr.Bones?
I am a hunter...i kill both bulls and bears...
- #314,806
- May 26, 2012 6:36am May 26, 2012 6:36am
- Joined Nov 2007 | Status: left CanaryWharf desk-tea break | 24,286 Posts
On-site guru & also FF member's' psychiatrist, when not drinking tea
Hey Bones
IMO..I think we chartist are far better than experts
.They are too noisy.They don't know what they are talking about and they are sick...
If you ask them to trade.they speculate and i don't think they can trade.They are chatter box nothing else.They will only panic the crowd.
I don't watch news.If the news is so strong let my charts do the work not any d*** A**.
IMO..I think we chartist are far better than experts
.They are too noisy.They don't know what they are talking about and they are sick... If you ask them to trade.they speculate and i don't think they can trade.They are chatter box nothing else.They will only panic the crowd.
I don't watch news.If the news is so strong let my charts do the work not any d*** A**.
I am a hunter...i kill both bulls and bears...
- #314,809
- May 26, 2012 6:54am May 26, 2012 6:54am
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
BB I'm very confident that the more it falls the faster it will go ,those that then realize the market condition ,I would happily advise take the break of this week which I expect to be very quick if not gap under ,look forward to your pm
since downtrend better respect it, of course!
on my side i will wait to see a move up near 1.58-59 to go short or if not happens, a move down to breake 1.56. after i see what kind of breaking we have, i will decide if open short or open long.. just this
90% of traders use TA, indicators and prediction
- #314,810
- May 26, 2012 7:01am May 26, 2012 7:01am
- Joined Nov 2007 | Status: left CanaryWharf desk-tea break | 24,286 Posts
On-site guru & also FF member's' psychiatrist, when not drinking tea
- #314,811
- May 26, 2012 7:02am May 26, 2012 7:02am
- Joined Nov 2007 | Status: left CanaryWharf desk-tea break | 24,286 Posts
On-site guru & also FF member's' psychiatrist, when not drinking tea
- #314,812
- May 26, 2012 7:07am May 26, 2012 7:07am
- Joined Nov 2007 | Status: left CanaryWharf desk-tea break | 24,286 Posts
On-site guru & also FF member's' psychiatrist, when not drinking tea
- #314,813
- May 26, 2012 10:15am May 26, 2012 10:15am
- | Joined Dec 2010 | Status: AngryBird hate Pig but love Trading | 1,024 Posts
How is everybody doing here lately? I see Bones and BBking controlled this recent thread... Nahh just kidding 
I trade to live
- #314,815
- May 27, 2012 1:15am May 27, 2012 1:15am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
I drew this tl ,no up tl no need cause im reading high time frames ,(candles)
God be with me lol ,we are talking significant position
and yes support is breached ,enough sellers to do that
- #314,816
- May 27, 2012 1:40am May 27, 2012 1:40am
- Joined Nov 2007 | Status: left CanaryWharf desk-tea break | 24,286 Posts
How is everybody doing here lately? I see Bones and BBking controlled this recent thread... Nahh just kidding
On-site guru & also FF member's' psychiatrist, when not drinking tea
- #314,817
- May 27, 2012 1:41am May 27, 2012 1:41am
- Joined Nov 2007 | Status: left CanaryWharf desk-tea break | 24,286 Posts
What is it
On-site guru & also FF member's' psychiatrist, when not drinking tea
- #314,818
- May 27, 2012 3:38am May 27, 2012 3:38am
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
hourly chart line @close and candles.
1.5600 near.
1.5580 just below.
not a reversal pattern.
but this is well enough to let me forget to open shorts here.
definetly i will look to short higher or long lower.
90% of traders use TA, indicators and prediction
- #314,819
- May 27, 2012 3:52am May 27, 2012 3:52am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
- #314,820
- May 27, 2012 4:01am May 27, 2012 4:01am
- Joined Nov 2007 | Status: left CanaryWharf desk-tea break | 24,286 Posts
On-site guru & also FF member's' psychiatrist, when not drinking tea