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Cable Update (GBPUSD)

  • #315,221
  • May 30, 2012 3:24am May 30, 2012 3:24am
poor EUR
was better if i had an account in USD..
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  • #315,222
  • May 30, 2012 4:20am May 30, 2012 4:20am
how to hide an heavy taking profits? simple: pay someone to come out and fart something for europe that X day when price at X level.
90% of traders use TA, indicators and prediction
  • #315,223
  • May 30, 2012 4:26am May 30, 2012 4:26am
Quoting _BBKing_
i don't think there is a direct correlation between the olympics and GBP price.
i did a research about and in the end i didn't find any kind of good possible reason. money flows in a country like UK are so huge that we can't imagine...
What i mean is UK national bank will not intervene too much until olympics are over(in order to stop this bearish market) ...anyway they have invested billions of dollars in constructing stadiums,providing all resource required and also lot of industries are waiting for consumers such as hotels,malls,tickets for the shows...etc...In return they are expecting people all over the world and also domestic people to come spend some money...so people will only spend more if they get for less price....that is the trick played my any government... in order to show at least some of the industries are industries are in profit and show that on there GDP growth.... and also this euro debt crisis hitting them... they are very much keen to show that there economy is growing....
I am a hunter...i kill both bulls and bears...
  • #315,224
  • May 30, 2012 4:37am May 30, 2012 4:37am
Quoting _BBKing_
how to hide an heavy taking profits? simple: pay someone to come out and fart something for europe that X day when price at X level.
all too true.... part of the big boys' games...
yesterday we had egan jones downgrading at a "perfect" timing if you know what i mean....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #315,225
  • May 30, 2012 4:53am May 30, 2012 4:53am
Quoting oathbreaker
What i mean is UK national bank will not intervene too much until olympics are over(in order to stop this bearish market) ...anyway they have invested billions of dollars in constructing stadiums,providing all resource required and also lot of industries are waiting for consumers such as hotels,malls,tickets for the shows...etc...In return they are expecting people all over the world and also domestic people to come spend some money...so people will only spend more if they get for less price....that is the trick played my any government... in order...
uhm. ok i agree about more spending and construction industries growth. but on the other side this is a small part in % of total UK economy. i mean: let's assume that pre-event and during event there is an increase in retail sales, services and consumer spendings in hotels, foods, and all those things. this will happen around the areas where events will take place. but UK is not only london and not only olympic games. maybe a good percentage but not worth any kind of interventention in GBP currency. let's assume that some construction industries built some infrastructures... but what about all other thousands contruction industries?
maybe can give some good signs, but IMO not enough to change the whole economic structure in UK.
i definetly think that olympics are not linked with GBP value. IMO, if there is a percent of impact in gpb value can be something like < 2%
90% of traders use TA, indicators and prediction
  • #315,226
  • May 30, 2012 5:03am May 30, 2012 5:03am
Quoting bguguen
all too true.... part of the big boys' games...
yesterday we had egan jones downgrading at a "perfect" timing if you know what i mean....
yes of course i understand what you mean!
look, this is EU m5 chart few minutes ago before the fart...
this is surely nothing human!
price been overloaded in long @ 00:01 second of new hour.
definetly something about projected money flows.

charts are full of these situations and they are increasing this year.

market loves his european toy! this scenario will keep going maybe neverending.
Attached Image (click to enlarge)
Click to Enlarge Name: Chart_EUR_USD_5 Mins_snapshot.jpg Size: 53 KB
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  • #315,227
  • May 30, 2012 5:09am May 30, 2012 5:09am
Quoting _BBKing_
yes of course i understand what you mean!
look, this is EU m5 chart few minutes ago before the fart...
this is surely nothing human!
price been overloaded in long @ 00:01 second of new hour.
definetly something about projected money flows.

charts are full of these situations and they are increasing this year.

market loves his european toy! this scenario will keep going maybe neverending.
BTW bbking... i come back in peace... looking to consolidate our friendship once again....
a lot has happened to my family in recent months, thats probably why i acted out in a lot of occastions prior to my temp. suspension....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #315,228
  • May 30, 2012 5:13am May 30, 2012 5:13am
Retailers now short?
Come with me if you want to live....
  • #315,229
  • May 30, 2012 5:15am May 30, 2012 5:15am
Quoting Ill-b-back
Retailers now short?
time to long??
that be good news.... the EUR looks really stretched me thinks...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #315,230
  • May 30, 2012 5:17am May 30, 2012 5:17am
Hi _BB

London generate more than 30% of revenue to UK is not so?

London is where big banks are investing and giving money.It is one of the revenue capital of the world.If that is hosting a festival(olympics) and at cheap price everyone would like to come and watch.Just this alone will provide accommodation to millions(1 or 2) of people during the event.This is a big event i guess...

I think this boost the nation's GDP...which is very much required to UK...and this also tells that they are working fine compare to European counter-parts...

Anyway just keep my opinion in your mind...if there is a Euro crisis to the core then we can move away from london olympics and concentrate on that because National bank will intervene in order to protect pound ...

We will see everything on our charts....
I am a hunter...i kill both bulls and bears...
  • #315,231
  • May 30, 2012 5:17am May 30, 2012 5:17am
Quoting bguguen
BTW bbking... i come back in peace... looking to consolidate our friendship once again....
a lot has happened to my family in recent months, thats probably why i acted out in a lot of occastions prior to my temp. suspension....
no need to say anything!
past is past!

don't worry, i 'understood' there was something wrong.
i admit that also by my side i was heavily stressed by work!

let's keep on and be better every day more than previous!
90% of traders use TA, indicators and prediction
  • #315,232
  • May 30, 2012 5:24am May 30, 2012 5:24am
Quoting _BBKing_
no need to say anything!
past is past!

don't worry, i 'understood' there was something wrong.
i admit that also by my side i was heavily stressed by work!

let's keep on and be better every day more than previous!
EURUSD is worrying me some.... looks poised to create historic lows... and im not a big fan of that, im slightly positioned long on EUR....
since Retail traders are HEAVILY short on EURO with the trend... ironically it works for them....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #315,233
  • May 30, 2012 5:32am May 30, 2012 5:32am
Quoting oathbreaker
Hi _BB

London generate more than 30% of revenue to UK is not so?

London is where big banks are investing and giving money.It is one of the revenue capital of the world.If that is hosting a festival(olympics) and at cheap price everyone would like to come and watch.Just this alone will provide accommodation to millions(1 or 2) of people during the event.This is a big event i guess...

I think this boost the nation's GDP...which is very much required to UK...and this also tells that they are working fine compare to European counter-parts...

Anyway...
30%? so much? possible... but i did't think so much.
as i said i did a deep research about olympics, then i gave up due to the complexity of values involved. so maybe i missed some points...
of course, gdp can benefit from olympics, also good numbers out of employments etc.... problem is that many other things are involved in these values and is really not easy (almost impossible) to calculate now the % of impact of olympics in GDP, employm, sales, money flows etc.
furthermore, eventually GDP impact will be seen at the end of this year. at least in 3r quarter.

about possible interventetions by BOE, uhm.. i think gbp value is still good talking in the long term view. middle june is near... greece will vote and after that things will hopefully calm down!

who must be worried actually is the ECB. if china and japn will not do something (they said will leave the USD as cross value for JPY and Cyuan) i think the EU will be heavy hit!
90% of traders use TA, indicators and prediction
  • #315,234
  • May 30, 2012 5:36am May 30, 2012 5:36am
Quoting bguguen
EURUSD is worrying me some.... looks poised to create historic lows... and im not a big fan of that, im slightly positioned long on EUR....
since Retail traders are HEAVILY short on EURO with the trend... ironically it works for them....
must be cautious.
weekly techs say possible free run to lower 1.23 - then is 1.18 - then 1.16
in the middle also the 1.20 psycho level can give reasons to hold but... looks scary
Attached Image (click to enlarge)
Click to Enlarge Name: Chart_EUR_USD_Weekly_snapshot.jpg Size: 75 KB
90% of traders use TA, indicators and prediction
  • #315,235
  • May 30, 2012 5:36am May 30, 2012 5:36am
Quoting _BBKing_
30%? so much? possible... but i did't think so much.
as i said i did a deep research about olympics, then i gave up due to the complexity of values involved. so maybe i missed some points...
of course, gdp can benefit from olympics, also good numbers out of employments etc.... problem is that many other things are involved in these values and is really not easy (almost impossible) to calculate now the % of impact of olympics in GDP, employm, sales, money flows etc.
furthermore, eventually GDP impact will be seen at the...
The Germans have to stop being so egotistical and allow more liquidity to flow in Europe... they are seriously yearning for printing more money
BTW i kind of agree with him i thought i think the City of london dominated by Banks might actually be generating more than 30% of UK's revenue.... since banking sector in UK is their dominating industry....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #315,236
  • May 30, 2012 5:37am May 30, 2012 5:37am
Quoting _BBKing_
must be cautious.
weekly techs say possible free run to lower 1.23 - then is 1.18 - then 1.16
in the middle also the 1.20 psycho level can give reasons to hold but... looks scary
1.23 better hope cuz i need a spring back to 1.3 which is technically feasible if 1.23 holds
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #315,237
  • May 30, 2012 5:43am May 30, 2012 5:43am
It's time to Long
Manage equity will always make profit...
  • #315,238
  • May 30, 2012 5:53am May 30, 2012 5:53am
Quoting bguguen
1.23 better hope cuz i need a spring back to 1.3 which is technically feasible if 1.23 holds
yes technically the 1.30 can be a good target in long when things will line up.
together with 1.59-1.60 in gu.

problem actually is that there is still strong pressure down and shy demand.

also true that (more in GU) we see coming heavier rejects recently today near main levels.

smells like heavy taking profits ahead of month ending and nfp coming.
90% of traders use TA, indicators and prediction
  • #315,239
  • May 30, 2012 5:55am May 30, 2012 5:55am
Quoting bguguen
time to long??
that be good news.... the EUR looks really stretched me thinks...
Yes, I was speaking up for Flatfish and his account of how retailers have an uncanny knack for getting it wrong, especially when breaking below 56 would be a trigger for many to short I suspect.
Come with me if you want to live....
  • #315,240
  • May 30, 2012 6:04am May 30, 2012 6:04am
what could be a good thing to see to buy physical gold?

i mean.. something more down in price ok, but what, a kind of ranging flat in daily into 1400 area? or are we going to see more down during summer?
maybe 1300?
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