I don't trust any move - when you have profit...take it.
Cable Update (GBPUSD)
- #323,022
- Aug 29, 2012 9:59pm Aug 29, 2012 9:59pm
- Joined Aug 2010 | Status: Trader | 3,185 Posts
I don't trust any move - when you have profit...take it.
- #323,023
- Aug 29, 2012 10:05pm Aug 29, 2012 10:05pm
- Joined Aug 2010 | Status: Trader | 3,185 Posts
I don't trust any move - when you have profit...take it.
- #323,024
- Aug 29, 2012 10:06pm Aug 29, 2012 10:06pm
- Joined Aug 2010 | Status: Trader | 3,185 Posts
I don't trust any move - when you have profit...take it.
- #323,025
- Aug 29, 2012 10:09pm Aug 29, 2012 10:09pm
- Joined Aug 2010 | Status: Trader | 3,185 Posts
I don't trust any move - when you have profit...take it.
- #323,027
- Aug 29, 2012 10:16pm Aug 29, 2012 10:16pm
- Joined Aug 2010 | Status: Trader | 3,185 Posts
I don't trust any move - when you have profit...take it.
- #323,028
- Aug 29, 2012 10:19pm Aug 29, 2012 10:19pm
- Joined May 2011 | Status: Get to the Chopper | 17,905 Posts
New fork for GBP. Newly found support at median line..
http://mlatrader.com/gbp-continues-its-climb/
Will she hold?
Come with me if you want to live....
- #323,029
- Aug 29, 2012 10:25pm Aug 29, 2012 10:25pm
- Joined Aug 2010 | Status: Trader | 3,185 Posts
I don't trust any move - when you have profit...take it.
- #323,031
- Aug 29, 2012 11:42pm Aug 29, 2012 11:42pm
take what you have and leave it for next week.enjoy august beach.
there will be other trading days.
to be honest now I only trade small lots of 0.10 max 0.50 on very sure moves as I need 12th of sept to pass.....so till mid sept no more standard lots or stupid moves.
cheers and have a cold beer
- #323,033
- Aug 30, 2012 12:01am Aug 30, 2012 12:01am
- | Commercial User | Joined Feb 2010 | 2,739 Posts
traders pulling out of the market ahead of jackson hoe - will be interesting to see where the USA markets open at.....will they sell tonight or will they wait till market open??????
if money is being pulled out of the market.....where is that money going?
- #323,034
- Aug 30, 2012 12:20am Aug 30, 2012 12:20am
- | Commercial User | Joined Feb 2010 | 2,739 Posts
Thanks Red, but what is or why this 12th Sept hoodoo thingy?
real thing now is that one important thing would be the german constitutional court that might say it is unconstitutional to have the ESM....and if they say NO the whole EZ is collapsing.If they say yes all good things will come back to this world and we'll live happily ever after.
ESM is a fund as acronim for European Stability Mechanism and it's only purpose is to rescue bloody lazy countries as EFSF on it's own cannot do it....the debt is too big to be covered by only 1 rescue fund....so they need more
so,in anticipation of a YES,the market is pricing EUR in and it might price it to 1.26-1.27 but we might as well see above 1.30 if all risk on sentiment will be on....but it might as well be a NO and EUR will plummet to the abyss or a half Yes and the court could impose some rules upon the bond buying....bla bla bla
too little,too small we are to understand why are they so idiots.
In my opinion EZ should disolve and start from scratch.The human kind was not born in a stupid ''make the bankers rich'' so called union.500 years ago they were still exchanging goods....what's bad in that ?
On the 12 sept as well there will be the dutch elections....dutch is preeetyyyyy important in all the EZ mess as they might oppose the rescue of the lazy countries(who wouldn't )
12 sept is the launch date for the very best Iphone 5 .....APPL stocks means USD power....afterall what goes better than APPL in that country ??
So this might trigger a whipsaw market up down up down on EU and GU and....basically all related to EUR and USD.
and last but not least on the 12th of sept I will be on holiday and not able to steer the market
- #323,035
- Aug 30, 2012 12:35am Aug 30, 2012 12:35am
it's the day the time stood still(not quite the right tense here but it sure sounds spooky)
real thing now is that one important thing would be the german constitutional court that might say it is unconstitutional to have the ESM....and if they say NO the whole EZ is collapsing.If they say yes all good things will come back to this world and we'll live happily ever after.
ESM is a fund as acronim for European Stability Mechanism and it's only purpose is to rescue bloody lazy countries as EFSF on it's own cannot do it....the debt is too big...
See China making an effort to support Euro this morning...bond buying etc
- #323,036
- Aug 30, 2012 1:08am Aug 30, 2012 1:08am
- Joined Jul 2007 | Status: Trader | 5,392 Posts
ex member
- #323,037
- Aug 30, 2012 1:15am Aug 30, 2012 1:15am
- Joined Jul 2007 | Status: Trader | 5,392 Posts
ex member
- #323,038
- Aug 30, 2012 1:16am Aug 30, 2012 1:16am
- | Commercial User | Joined Feb 2010 | 2,739 Posts
I like the last reason best
See China making an effort to support Euro this morning...bond buying etc
so,you seem to be interested in trading and in understanding the market.
I can only tell you there is no understanding of the market.
Every man does whatever he wants in this world as it is a democracy all over...and it is not good.It's an unequal democracy to be honest.
So,all you see,all you hear,all you touch is in 99% of the cases not real.
If you for example want to buy a 2 mil villa and talk to the seller and say ''I want to buy it and I will buy it'' does that mean you have 2 mil to buy the villa in that moment....or ever will? It is just words you throw to the seller.Maybe you dream of that villa or want that villa but it does not mean it will surely happen...nor that it will not happen.
So when the chinese PM tells the EZ that they will buy bonds...aaa with what ?
''excuse me EZ do you accept Ming vases for the bonds? it's all we have now in our shrinking economy''
let's face it,last year I said China will fall into economical abyss and nobody belived me.
Now..construction is down,production is down,housing is down....some industries up to 50% down and the worst is still to come by the end of the year.
All big empires failed because none of them consolidated.they just expanded till they burst to flames.
China expanded rapidly,spent trillions on nonsense and now wants to rescue EZ...how cool is that....once again with whatttt???
But it hurts the sellers of EU this I can tell.
All hot shot words are hurting the market.
Examples...millions of them
I remember one case in particular from last year when Moody's downgraded UK for only 30 min only to recall it after some 100 pips movement up down.
one more example is Draghi ''I'll do all possible'' one week and next week ''I did not say that.you all got it wrong''
I belive there is only a handfull of people that know the real meaning of their words as they are in direct contact with them..,inside trading that's right.
are the private investors going to buy the bonds ? can't even use them as toilet paper..they worth shit.
smart investors will only bet against the EZ and not pro EZ.
there is an old saying that tells ''once you're burnt you will blow even in yogurt''
so Greece debt cut was the burn.....second private rescue will be difficult and to be honest I don't think people from all those buying bonds countries will agree in spending the country's profits for some worthless bonds.
so in conclusion,don't belive MR Wen.
- #323,040
- Aug 30, 2012 1:37am Aug 30, 2012 1:37am
- | Joined Jul 2009 | Status: Follow your insane never trust peep | 33 Posts
I'm going long here @ 1.5830 to 1.5855 as I have a confirmation
just remember not to follow and I only use 0.10 till mid september
