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Cable Update (GBPUSD)

  • #326,241
  • Oct 9, 2012 4:23am Oct 9, 2012 4:23am
Quoting bguguen
yea well x.work didnt understand... ah wells... you looking forward for the break below 1.60?? if 1.60 gives way its gona be fast and furious drop dude....
I don't see it fast at least till under 5980 area

below it is the free fall till then nothing much
  • #326,242
  • Oct 9, 2012 4:23am Oct 9, 2012 4:23am
Quoting bguguen
oh i know.... nothing surprising.....
do you see Britain Manufacturing ANYTHING these days? but i did say this way back in June..... BoE QE, Double Dip Recession, now IMF Growth Downgrade...
but you knew about my huge rants back in summer when GBPUSD was about 1.58....

But Whats coming up next is UK losing the AAA rating and more QE. Mark my words.
I try not to think too much ahead when it comes to fundamentals and usually when there's a news release the pound strengthens on bad news and weakens on good news... the sharks are playing their games! As you know looking at the daily and weekly charts gives you a much clearer picture.

I couldn't care less if the UK loses its AAA rating... it hasn't affected people buying US bonds. BTW, officialy UK are already in a double-dip recession, but I see it as a flat-lining economy.

Current QE will finish next month and as you stated I expect BoE to add another £50bn inching our way to £1/2 trillion in total!

Anyway, BRN @1.6 is providing current support with a little demand pocket based on the daily chart. I expect it to give way, but we need to go higher first. I am looking to sell ~1.6035, if we ever get there...

The extreme of the daily demand is 1.5960.

Wish you success with your trading!
  • #326,243
  • Oct 9, 2012 4:25am Oct 9, 2012 4:25am
Quoting redbeben
yeap,my dad is a far better mathematician than I'll ever be....and he's better with comps than I am

we are a fuc*** up generation as we only know less than the previous ones and this makes me sad.

my dad read over 1000 books and only his library holds some 800...my library-2 books on the side of the bed that I started 2 years ago and never had the chance to finish.
i would disagree with you... Our generation is the age of digital information dude...
the amounts of book we read less may just be compensated by the amount of articles we read online....
Also, i dont need to stress the Standard of education in the world is Increasing rather than decreasing.... in Mathematics in High Schools are getting harder year after year.... why? because we realise students can solve similar questions easier and easier year after year....
Also our generation is one full of competiton, competition between peers, and that is what is making us strive more for success instead....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #326,244
  • Oct 9, 2012 4:27am Oct 9, 2012 4:27am
Quoting redbeben
I don't get it

I really don't

I mean there's nothing wrong in having a free blog but there is still not just free advert on this forum but it is more of a hussle for the users here to shift from one forum to another.....what's the point of not explaining here ?

oh boy
Cleanup report submitted...

Reason: Shameful promotion of his own blog... we don't want that shit in this thread!
  • #326,245
  • Oct 9, 2012 4:27am Oct 9, 2012 4:27am
have setup for long
Attached Image
  • #326,246
  • Oct 9, 2012 4:31am Oct 9, 2012 4:31am
Quoting bbakker
I try not to think too much ahead when it comes to fundamentals and usually when there's a news release the pound strengthens on bad news and weakens on good news... the sharks are playing their games! As you know looking at the daily and weekly charts gives you a much clearer picture.

I couldn't care less if the UK loses its AAA rating... it hasn't affected people buying US bonds. BTW, officialy UK are already in a double-dip recession, but I see it as a flat-lining economy.

Current QE will finish next month and as you stated I expect...
About UK losing its AAA rating... you really should care a lot more simply because UK is not like US when it comes to debts.... UK though capable of printing money is not backed by international dependency of the Pound and also its not as backed up by commodities as the US are....

On the technical perspective. i would say theres NOTHING bullish, the high at 1.63 area is a lower high where the doji rejection is at 1.6250
if this thing aims for 100% full retracement, it will over flow beyond 1.5200 possibly down to 1.50, but i maybe getting way ahead of myself here.
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #326,247
  • Oct 9, 2012 4:32am Oct 9, 2012 4:32am
Quoting bguguen
i would disagree with you... Our generation is the age of digital information dude...
the amounts of book we read less may just be compensated by the amount of articles we read online....
Also, i dont need to stress the Standard of education in the world is Increasing rather than decreasing.... in Mathematics in High Schools are getting harder year after year.... why? because we realise students can solve similar questions easier and easier year after year....
Also our generation is one full of competiton, competition between peers, and...
Based on what I've seen in my life? I couldn't disagree more.

The only reason they "appear" to solve things quicker is the technology at their disposal. But they can't "think" as well as older generations do and common sense seems to be all but gone IMHO.

The calculator is just one small example. Just my 2 + 2 cents
Ghost Rider - WWTBMD?
  • #326,248
  • Oct 9, 2012 4:36am Oct 9, 2012 4:36am
Quoting bguguen
About UK losing its AAA rating... you really should care a lot more simply because UK is not like US when it comes to debts.... UK though capable of printing money is not backed by international dependency of the Pound and also its not as backed up by commodities as the US are....

On the technical perspective. i would say theres NOTHING bullish, the high at 1.63 area is a lower high where the doji rejection is at 1.6250
if this thing aims for 100% full retracement, it will over flow beyond 1.5200 possibly down to 1.50, but i maybe getting way...
Storming posts coming from B. these days. Oh yes... http://www.businessweek.com/news/201...-than-forecast
Gone to a better place
  • #326,249
  • Oct 9, 2012 4:38am Oct 9, 2012 4:38am
Quoting albchr
Based on what I've seen in my life? I couldn't disagree more.

The only reason they "appear" to solve things quicker is the technology at their disposal. But they can't "think" as well as older generations do and common sense seems to be all but gone IMHO.

The calculator is just one small example. Just my 2 + 2 cents
hmmm you got a point there.... but then again if it wasnt thanks to an improved education & knowledge, fields such as stem cell research wouldnt exist today would it?
i tend to think that Technological Advancements are thanks to increases in education level otherwise we'd be still stuck at inventing the calculator...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #326,250
  • Oct 9, 2012 4:39am Oct 9, 2012 4:39am
Quoting bguguen
About UK losing its AAA rating... you really should care a lot more simply because UK is not like US when it comes to debts.... UK though capable of printing money is not backed by international dependency of the Pound and also its not as backed up by commodities as the US are....

On the technical perspective. i would say theres NOTHING bullish, the high at 1.63 area is a lower high where the doji rejection is at 1.6250
if this thing aims for 100% full retracement, it will over flow beyond 1.5200 possibly down to 1.50, but i maybe getting way...
Long-term there is nothing bullish, short-term a decent retrace might be on the cards, although once the £ makes its move, it will move, but preceding to the big move is usually lots of whipsaw action.

Even with your arguments, I still don't care if UK loses its AAA rating.
  • #326,251
  • Oct 9, 2012 4:39am Oct 9, 2012 4:39am
Quoting smikester
Storming posts coming from B. these days. Oh yes... http://www.businessweek.com/news/201...-than-forecast
Thanks smike
would've been better if all this shit happened back in June when i called it then....
but how is your trading been?
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #326,252
  • Oct 9, 2012 4:40am Oct 9, 2012 4:40am
Quoting bbakker
Cleanup report submitted...

Reason: Shameful promotion of his own blog... we don't want that shit in this thread!
never ment to sound like that as he did not sell anything it was just...he has a point to share why don't he share it here where we all chat ?
  • #326,253
  • Oct 9, 2012 4:46am Oct 9, 2012 4:46am
Quoting bguguen
Thanks smike
would've been better if all this shit happened back in June when i called it then....
but how is your trading been?
Very sensible and steady, thanks for asking. I don't trade cable much, never have done really but I like to pop in here and watch you lot try to tame this cat by pulling its tail. I'm bearish cable but only with 0.01 lots. Opps stopped out at +1..
Gone to a better place
  • #326,254
  • Oct 9, 2012 4:47am Oct 9, 2012 4:47am
Quoting redbeben
never ment to sound like that as he did not sell anything it was just...he has a point to share why don't he share it here where we all chat ?
...because he doesn't get paid on here. The more visitors he gets to his blog, the more advertising revenue he earns... simples!

Indirect selling... lol
  • #326,255
  • Oct 9, 2012 4:54am Oct 9, 2012 4:54am
Quoting bguguen
i would disagree with you... Our generation is the age of digital information dude...
the amounts of book we read less may just be compensated by the amount of articles we read online....
Also, i dont need to stress the Standard of education in the world is Increasing rather than decreasing.... in Mathematics in High Schools are getting harder year after year.... why? because we realise students can solve similar questions easier and easier year after year....
Also our generation is one full of competiton, competition between peers, and that...
well clash of cultures here

I come from a poor family but strong education you come from strong expensive education and wealthier family

I've lived my life so far to the limit of the envelope and seen much.

I'm supposed to be a teacher as well as during uni it was mandatory to complete a 2 years teaching course and start teaching in highschools....OMG

now I have colleagues that teach in the uni...OMG.when I was busting my head to get and F they only get B or A and that only for going to the class

I am a conspirationist on my own and I can only tell the system is going down and no govt wants smarter people...on the contrary


back then I had to pass exams to gain access to highschool,not anymore
I had to pass exams to exit highschool,not anymore
I had to pass exam to enter uni ...not anymore

history books talk about TV shows and not important events ''WTFFF?????

and how come in most of the indebt countries the first austerity measures implemented were to cut spendings in education and health...

no govt will want healthy people or smart

they prefer the stupid controllable ones and sick so they are indebt to the system.

as a matter a fact do you know how much it costs to keep one murderer in prison or a rapist for 1 year? as much as it costs to educate 3 kids in primary school.....meaning 4 years

I think this tells us a lot about how much they care about education....but again it depends on the country


as for mathematics getting harder ? maths is just one.it's our brains getting slower and slower each day.

I still belive in Idiocracy to come so I am preparing for it told you I wanna be a finance minister
  • #326,256
  • Oct 9, 2012 4:55am Oct 9, 2012 4:55am
Quoting smikester
Very sensible and steady, thanks for asking. I don't trade cable much, never have done really but I like to pop in here and watch you lot try to tame this cat by pulling its tail. I'm bearish cable but only with 0.01 lots. Opps stopped out at +1..
well im doing much better with the AUDUSD and NZDUSD as of late tbh....
http://www.forexfactory.com/bguguen/89

didnt enter any short in GBPUSD until i saw that doji at the high on the Weekly chart....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #326,257
  • Oct 9, 2012 4:55am Oct 9, 2012 4:55am
Quoting bbakker
... Anyway, BRN @1.6 is providing current support with a little demand pocket based on the daily chart. I expect it to give way, but we need to go higher first. I am looking to sell ~1.6035, if we ever get there...

The extreme of the daily demand is 1.5960.

Wish you success with your trading!
I see a better price at ~1.6070 with a few confluencing factors, including 23.6 fib and London supply level, but 1.6040 needs to be cleanly broken!
  • #326,258
  • Oct 9, 2012 4:55am Oct 9, 2012 4:55am
Quoting bguguen
hmmm you got a point there.... but then again if it wasnt thanks to an improved education & knowledge, fields such as stem cell research wouldnt exist today would it?
i tend to think that Technological Advancements are thanks to increases in education level otherwise we'd be still stuck at inventing the calculator...
Very true but I find myself asking, what generation is behind that stem cell research? Is it the current one, or the ones before?

No doubt technology is a wonderful thing as long as folks don't use it to "replace" thinking.

Like a hand saw versus a power saw. Both will cut wood and the power saw will do it MUCH faster. But if the measurments are wrong, the results have not been helped by the technology.

I allowed my kids to use a calculator only AFTER I knew they could do math in their head. But they were allowed to use one in school ON TESTS.

That's just the wrong approach in my book.
Ghost Rider - WWTBMD?
  • #326,259
  • Oct 9, 2012 5:02am Oct 9, 2012 5:02am
Quoting albchr
Very true but I find myself asking, what generation is behind that stem cell research? Is it the current one, or the ones before?

No doubt technology is a wonderful thing as long as folks don't use it to "replace" thinking.

Like a hand saw versus a power saw. Both will cut wood and the power saw will do it MUCH faster. But if the measurments are wrong, the results have not been helped by the technology.

[b]I allowed my kids to use a calculator only AFTER I knew they could do math in their head. But they were allowed to use one in school...
Ahhh im glad your kids are pretty much taught the same way as i am in Hong Kong.... strange though i read from Redbeben, the stuff hes writing about government not wanting their citizen to be educated or healthy made me cringe abit, until i realize its the United States of America doing that....
Funny thing is majority of the other countries in the world are primarily PRo education and Pro health... since they are proven to lead to increased wages and healthy workers can work longer too....
soooo unless im incorrect i think the Americans way of thinking are slightly messed up since Clinton.... Bush didnt help either....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #326,260
  • Oct 9, 2012 5:02am Oct 9, 2012 5:02am
Quoting redbeben
.my dad was building planes

what plane exactly your dad built. I enjoy building balsa glider, but I hate flying.

I'm afraid of height, but not afraid of sex, hehehe
deep RoT is essential for everlasting happyness
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