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Cable Update (GBPUSD)

  • #324,241
  • Sep 13, 2012 1:48pm Sep 13, 2012 1:48pm
Quoting redbeben
I just sold EU at top 1.30 with a tight SL and a 300 pips TP

but I will scale out starting 2930

1.2442 here we come
ok 2859 should be touched maybe tmr or monday....If I don't hit SL first
  • #324,242
  • Sep 13, 2012 1:51pm Sep 13, 2012 1:51pm
Quoting redbeben
as for GBP ...maybe 6040 if the trendline is not broken now and so far it held

maybe QE is not thatr bad afterall

one thing I do not understand


so...govts go for austerity and cut jobs but later they want to lower the unemployement and they print money that will lower the value of it's currency that will buy them less products and they will export more but with the money they get from more export they can buy the same products as the currency is devaluated.

WTF ? this is what happens when you put a doctor as a bank manager and when...
all in meh chart
  • #324,243
  • Sep 13, 2012 1:55pm Sep 13, 2012 1:55pm
on GU 1.6125 as first stop then 6104 and 6085

lower no idea

but the RR is good enough to jump in @ 1.6160 with SL just above the trendline

go Bernie go
  • #324,244
  • Sep 13, 2012 1:57pm Sep 13, 2012 1:57pm
as for gold 1746 as first stop later 1721 and last 1700

I don't like it
  • #324,245
  • Sep 13, 2012 2:29pm Sep 13, 2012 2:29pm
Quoting redbeben
on GU 1.6125 as first stop then 6104 and 6085

lower no idea

but the RR is good enough to jump in @ 1.6160 with SL just above the trendline

go Bernie go
told you somebody is behind me

10 pips away
I hope we go there in 25 min to 1 1/2 h

same for EU 2930 25 min to 1 1/2 h

anyway closed 20 pips on both
  • #324,246
  • Sep 13, 2012 2:43pm Sep 13, 2012 2:43pm
Quoting redbeben
as for GBP ...maybe 6040 if the trendline is not broken now and so far it held

maybe QE is not thatr bad afterall

one thing I do not understand


so...govts go for austerity and cut jobs but later they want to lower the unemployement and they print money that will lower the value of it's currency that will buy them less products and they will export more but with the money they get from more export they can buy the same products as the currency is devaluated.

WTF ? this is what happens when you put a doctor as a bank manager and when...

the iphone is coming out so they need weaker currency so international buyer can purchase the damn phone..increasing there exports

come on red..dont miss no tricks
  • #324,247
  • Sep 13, 2012 2:54pm Sep 13, 2012 2:54pm
Quoting nAVIN2007
the iphone is coming out so they need weaker currency so international buyer can purchase the damn phone..increasing there exports

come on red..dont miss no tricks
nope

I didn't miss that it is all in the explanation as I said lowering strength means more exports....but with the more money they will get on the more exports they will still be able to buy the same stuff as in imports as the USD will value less....so what's this ?

example
1 USD is 1 EUR

if QE and 1 usd is 0.5 eur then USA will be able to export double as EUR will be able to buy 2-1 as in special offer

but when it comes for USA to buy sure they will have instead of 1 usd product sold 2 as in double

but 2 products sold @ 1 USD will make only 2 USD but in reality still 1 USD as EUR is 0.5

so...where's the deal ?


afterall we are looking and we are eager to have a global financial deal

and now we come back to my question from some weeks ago ....isn't it better to close all borders and start from scratch ? no exports no global currency no nothing ?

as if you depreciate your local currency it would be good indeed for exports...but a country needs imports to produce the exports as well.

and another paradox

a basic principle in economy tells us that a currency is strong if the econ is strong aka country exports more than it imports aka produces more than it needs

so if USA will export more than it means the econ is doing great meaning it has a strong currency....but it doesn't

eh,now you're all gonna have a good night sleep

logic is logic
  • #324,248
  • Sep 13, 2012 2:55pm Sep 13, 2012 2:55pm
Quoting redbeben
if anyone understands this mumbo jumbo go ahead and guess

''
For immediate release

Information received since the Federal Open Market Committee met in August suggests that economic activity has continued to expand at a moderate pace in recent months. Growth in employment has been slow, and the unemployment rate remains elevated. Household spending has continued to advance, but growth in business fixed investment appears to have slowed. The housing sector has shown some further signs of improvement, albeit...
Maybe I am missing something, but this is fairly clear, plain English isn't it?
It's actually the only time I've read an FOMC statement that doesn't do my head in?
Why people confused?
Come with me if you want to live....
  • #324,249
  • Sep 13, 2012 2:57pm Sep 13, 2012 2:57pm
Quoting redbeben
ok 2859 should be touched maybe tmr or monday....If I don't hit SL first
lowering to 2830


afterall I think I'll leave it to 2440

just give it a couple of months and we're good

christmas is comming,usa need a strong usd so they can buy more and more toys

there will be new fancy cars for men,new fancy dildos for women and all the toys in the universe for the kids...more credit cards more debt more trillions

and next year they will rise again the debt ceiling

heeey

WTF

when I said 12 and 13 th will be the end of the world you guys took it for serious ?

are you all dead ?

am I alone here with Nav ?
  • #324,250
  • Sep 13, 2012 3:02pm Sep 13, 2012 3:02pm
Quoting Ill-b-back
Maybe I am missing something, but this is fairly clear, plain English isn't it?
It's actually the only time I've read an FOMC statement that doesn't do my head in?
Why people confused?

sorry mate,for me that info came earlier than the announcement.If I knew it ment QE3 I would have bought as EU was still 2930-40

I posted it on FF 30 min earlier than the rest of the websites as it was on the fed's webpage but I had no clue what it ment.

for me,economy is useless.as long as it is done by doctors instead of economists or by economists with degrees bought on internet online courses I will never trust it....so I do not bother to understand.

so.....I did not get it as it was not stated that they will print money....as this is what I know QE means

and I read it 3 times trying to make sense what that mortgage thing means.

I'm dumb when it comes to press and big words...even if I finished an economic university(actually it was included in my engineering one don't ask me why)
  • #324,251
  • Sep 13, 2012 3:03pm Sep 13, 2012 3:03pm
no still here.

2 cardiac arrests later.

just got off operating table after trading Ben


Quoting redbeben
lowering to 2830


afterall I think I'll leave it to 2440

just give it a couple of months and we're good

christmas is comming,usa need a strong usd so they can buy more and more toys

there will be new fancy cars for men,new fancy dildos for women and all the toys in the universe for the kids...more credit cards more debt more trillions

and next year they will rise again the debt ceiling

heeey

WTF

when I said 12 and 13 th will be the end of the world you guys took it for serious ?

are you all dead ?

am...
  • #324,252
  • Sep 13, 2012 3:06pm Sep 13, 2012 3:06pm
Quoting redbeben
nope

I didn't miss that it is all in the explanation as I said lowering strength means more exports....but with the more money they will get on the more exports they will still be able to buy the same stuff as in imports as the USD will value less....so what's this ?

example
1 USD is 1 EUR

if QE and 1 usd is 0.5 eur then USA will be able to export double as EUR will be able to buy 2-1 as in special offer

but when it comes for USA to buy sure they will have instead of 1 usd product sold 2 as in double

but 2 products sold @ 1...
C'mon Red, you got to stop applying logic and principles to politics and today's economics, they don't go together
It's all part of a broader single government/currency plan.
Screw your own people, jack up inflation, drown them in debt, then while they (both parents) are so busy working to make ends meet, (inflation is a weapon of mass distruction AND distrAction), they can slowly go about their plans while everyone is "asleep" in their own busy matrix.

But then again, maybe I been watching too many videos lately...
Come with me if you want to live....
  • #324,253
  • Sep 13, 2012 3:13pm Sep 13, 2012 3:13pm
Quoting redbeben
sorry mate,for me that info came earlier than the announcement.If I knew it ment QE3 I would have bought as EU was still 2930-40

I posted it on FF 30 min earlier than the rest of the websites as it was on the fed's webpage but I had no clue what it ment.

for me,economy is useless.as long as it is done by doctors instead of economists or by economists with degrees bought on internet online courses I will never trust it....so I do not bother to understand.

so.....I did not get it as it was not stated that they will print money....as this...
Right, well like I said, I'm prob just missing something, I did economics to year 12.
I then did it for 6 months as part of my Science degree (how's that for logic)
Then I realised WTF I was doing and simply dropped it
Come with me if you want to live....
  • #324,254
  • Sep 13, 2012 3:22pm Sep 13, 2012 3:22pm
Quoting Ill-b-back
Right, well like I said, I'm prob just missing something, I did economics to year 12.
I then did it for 6 months as part of my Science degree (how's that for logic)
Then I realised WTF I was doing and simply dropped it
I did economics (strangely as part of IT degree) and loved it....

but its like algebra, it means sod all in the real world....

and it appears that our financiers and politicians were in the student union when that lecture was on
  • #324,255
  • Sep 13, 2012 3:38pm Sep 13, 2012 3:38pm
Chart Update... GBPUSD +QE3 announcement stopped today at my confluence zone red line and trendline above 78.2% fibo... interesting.......
Remember some of you guys i've been shouting GBPUSD 1.61xx that XX is varied because its where the redline (EMA 200) is at... me reckon today's over tomorrow we shall see that redline touched (if it hasnt already..)
Attached Image (click to enlarge)
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We live in a finite world with infinite possibilities.
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  • #324,256
  • Sep 13, 2012 3:40pm Sep 13, 2012 3:40pm
Quoting gavalar
I did economics (strangely as part of IT degree) and loved it....

but its like algebra, it means sod all in the real world....

and it appears that our financiers and politicians were in the student union when that lecture was on

Yeah probably, I agree.
Everything is in the shit, so they are just continuing to hit the panic button.
But seriously, I don't know shit about economics(not much anyway beyond the basics).
For example: I thought the statement posted earlier meant QE3 but apparently it doesn't, I honestly don't know. I was dead serious when I said "I am probably missing something" I was not being sarcastic.
Come with me if you want to live....
  • #324,257
  • Sep 13, 2012 3:54pm Sep 13, 2012 3:54pm
Quoting Ill-b-back

Yeah probably, I agree.
Everything is in the shit, so they are just continuing to hit the panic button.
But seriously, I don't know shit about economics(not much anyway beyond the basics).
For example: I thought the statement posted earlier meant QE3 but apparently it doesn't, I honestly don't know. I was dead serious when I said "I am probably missing something" I was not being sarcastic.
well, bugger me!! I thought they said injection of funds and mistook that for QE
  • #324,258
  • Sep 13, 2012 4:02pm Sep 13, 2012 4:02pm
i honestly havent got a clue i was at work..but USD has fallen this is the main thing..i see no reason why 1.63 cannot be reached

still in, we are only 150 pips away ..lol
  • #324,259
  • Sep 13, 2012 4:06pm Sep 13, 2012 4:06pm
Quoting nAVIN2007
i honestly havent got a clue i was at work..but USD has fallen this is the main thing..i see no reason why 1.63 cannot be reached

still in, we are only 150 pips away ..lol
think that ones a cert, its just how we get there.

I am sure it will just trend towards it...

Wont be too long though Nav before ....Freeeeeeedddddooooooommmm
  • #324,260
  • Sep 13, 2012 4:08pm Sep 13, 2012 4:08pm
Quoting gavalar
well, bugger me!! I thought they said injection of funds and mistook that for QE
Well so has the news reports it seems
QE3 is here apparently.
Come with me if you want to live....
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