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Cable Update (GBPUSD)

  • #319,641
  • Jul 25, 2012 4:01am Jul 25, 2012 4:01am
Quoting _BBKing_
5470-72 is a crucial point.
epic challenge going on.
who will win? market or the rest of the universe?
90% of traders use TA, indicators and prediction
  • #319,642
  • Jul 25, 2012 4:03am Jul 25, 2012 4:03am
Quoting bguguen
Why would anyone trust an economy where their previous prime minister sells gold at around 1300
and why would anyone trust an economy who is now caught manipulating things from behind the scene...
and people thought i was dumb for saying markets are manipulated...
Now im just gona point them towards LIBOR, have a good read my friends have a good read.
What better way to manipulate currency flow than the manipulation of interest rates??
Those Bars Tarts been playing around the GBP right in front of our face but we all...
This is exacly what I was saying: manipulation.
I did not have a clue about that LIBOR thing, I thought it was connected with Olymipics and GBP diversification by the banks to rip off the tourist that need to change currency to GBP when entering UK.



Seb
  • #319,643
  • Jul 25, 2012 4:04am Jul 25, 2012 4:04am
Quoting Flynchenberg
We need price at lower levels, otherwise some BIDS OF HOPE FOR QE might appear...

Logic: Bad GDP -->More QE --> More cheap £ --> Buy cheap £ --> GBP/USD up.

Seb
possible!
IMO.... recent increase (july they added 25bln £) in QE by the BOE find reasons in this GDP reading.
they will release in 4 months so till october-november i don't expect more QE to come.
but who knows?!
90% of traders use TA, indicators and prediction
  • #319,644
  • Jul 25, 2012 4:05am Jul 25, 2012 4:05am
Quoting Flynchenberg
We need price at lower levels, otherwise some BIDS OF HOPE FOR QE might appear...

Logic: Bad GDP -->More QE --> More cheap £ --> Buy cheap £ --> GBP/USD up.

Seb
Means GBP has to fall in order to find that increased demand for cheaper Pound...
lets not be hasty... GBP HAS TO FALL FIRST.....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #319,645
  • Jul 25, 2012 4:08am Jul 25, 2012 4:08am
Waiting for the pullback then short will be the way should price stall at a level, EU has stalled right on a psych level which has proved to be a good resistance area previously, AU has also stalled in a support turned to resistance area so the chances of £ going south are high...

But knowing the pound, it'll rocket up 100 pips now.
  • #319,646
  • Jul 25, 2012 4:10am Jul 25, 2012 4:10am
Quoting Flynchenberg
This is exacly what I was saying: manipulation.
I did not have a clue about that LIBOR thing, I thought it was connected with Olymipics and GBP diversification by the banks to rip off the tourist that need to change currency to GBP when entering UK.



Seb
I was shocked when they came out with reports that BOE been manipulating with the international interest rates benchmark... i thought no one can do that... but who would've thunk....
i mean... i knew the GBP's been manipulated given the fact UK relies on EURO and Euro is dying so why is UK not dying along with it....
AHHH BOE been manipulating with the UK's LIBOR RATE...
and guess what they did... they pushed UK's LIBOR RATE UP...
increase in interest rate means... Hot Money flow gets the exchange rate of GBP UP.... But when you push interest rates up.... people borrow less... and i also read articles how UK's Credit facilities are now ran by private businesses due to the High Borrowing Costs, only private can compete , but poor sentiment and high borrowing costs, makes people less likely to borrow money and even the Private Credit Businesses in UK oging bust...

Its all making sense....

Now the Libor rate interest rate is Hitting the UK's GDP....
GDP as we know is made by C+I+G+(X-M) when you push Interest rate up...
C and I will fall.... as borrowing costs rises, people wont borrow money to spend and they wont borrow money to invest.... and the vicious cycle continues where people dont spend and dont invest, businesses collapses and the cycle of economic shrink goes round and round.
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #319,647
  • Jul 25, 2012 4:11am Jul 25, 2012 4:11am
Quoting GDR3k
Waiting for the pullback then short will be the way should price stall at a level, EU has stalled right on a psych level which has proved to be a good resistance area previously, AU has also stalled in a resistance area, chances of it going south are high...

But knowing the pound, it'll rocket up 100 pips now.
Just tell me when, so I could prepare..........
  • #319,648
  • Jul 25, 2012 4:12am Jul 25, 2012 4:12am
Quoting GDR3k
Waiting for the pullback then short will be the way should price stall at a level, EU has stalled right on a psych level which has proved to be a good resistance area previously, AU has also stalled in a resistance area, chances of it going south are high...

But knowing the pound, it'll rocket up 100 pips now.
Look at H4, i think that rocket up happed already RIGHT before GDP came out... GBPUSD went up 50 pips.... momentum built up on the rise and now unleashed on the drop... i think next H4 candle will be deeply red....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #319,649
  • Jul 25, 2012 4:12am Jul 25, 2012 4:12am
Short nr2 at 1.548. target remains for today 1.542
  • #319,650
  • Jul 25, 2012 4:13am Jul 25, 2012 4:13am
imo... it's time to move stops @bep on shorts.
90% of traders use TA, indicators and prediction
  • #319,651
  • Jul 25, 2012 4:19am Jul 25, 2012 4:19am
nice price action
Attached Image
  • #319,652
  • Jul 25, 2012 4:21am Jul 25, 2012 4:21am
Quoting bguguen
Look at H4, i think that rocket up happed already RIGHT before GDP came out... GBPUSD went up 50 pips.... momentum built up on the rise and now unleashed on the drop... i think next H4 candle will be deeply red....
Indeed, I put that move down to this >> http://www.forexfactory.com/news.php?do=news&id=375482 but anything is possible.

May look to short around the 1.55 area if PA is good enough for me to enter.
  • #319,653
  • Jul 25, 2012 4:22am Jul 25, 2012 4:22am
There
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  • #319,654
  • Jul 25, 2012 4:26am Jul 25, 2012 4:26am
Quoting _BBKing_
imo... it's time to move stops @bep on shorts.
90% of traders use TA, indicators and prediction
  • #319,655
  • Jul 25, 2012 4:28am Jul 25, 2012 4:28am
Quoting _BBKing_
Too early.... look at H4..... the thing is about to fall hard....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #319,656
  • Jul 25, 2012 4:34am Jul 25, 2012 4:34am
Quoting devgtx460
There
Nice level.

And stop above today high ( just for case the news will be retraced and that means bids of hopes appearing so I can not do much about it)

When price move below today's low, stop to break even and TP1 is 1.5415.
Look at blue arrow.

Seb
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  • #319,657
  • Jul 25, 2012 4:38am Jul 25, 2012 4:38am
Going LONG
Gravity always wins
  • #319,658
  • Jul 25, 2012 4:39am Jul 25, 2012 4:39am
Quoting sol
Going LONG
Oh god... longing against a Support turned Resistance.... Good luck...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #319,659
  • Jul 25, 2012 4:40am Jul 25, 2012 4:40am
Quoting _BBKing_
5470-72 is a crucial point.
epic challenge going on.
who will win? market or the rest of the universe?

sometimes i feel amazed by my stupid doubts.

cutted half position @5500.
leaving the remaining with original stop loss (which now is a BE)

busy.
bybye
90% of traders use TA, indicators and prediction
  • #319,660
  • Jul 25, 2012 4:42am Jul 25, 2012 4:42am
Quoting bguguen
Too early.... look at H4..... the thing is about to fall hard....
it's possible... but IMO we go to 1.56.
at least.

then, near 1.56, there is another crossroad.

of course, things can change so nothing is for sure!!
that's why we use stop loss

surely i will not be the one in short in this scenario!
90% of traders use TA, indicators and prediction
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