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Cable Update (GBPUSD)

  • #335,961
  • Feb 19, 2013 8:03am Feb 19, 2013 8:03am
Quoting tomspin
Natchi I log in specially for you, one of your last miserable posts before you get banned from FF was wining about not trading this stupid pair now you are a "pound trader" and calling people idiots straight away after making new user name.....
I will be watching your sorry ass, you better behave.

The thing about calling him an idiot. He had no business in talking about my credibility. I am not here to make business. So he should have shut his mouth
  • #335,962
  • Feb 19, 2013 8:19am Feb 19, 2013 8:19am
Quoting pound trader
Yes please do and I will watch yours. I know how miserably you have failed in eur/usd and giving trade advice to people. Yes I did say my new year resolution was not to trade this pair. But resolutions are meant to be broken. Don't you know that. I remember what you said. I will be away from this forum till april. So why have you returned in February. Did I ask you. So better mind your own business.
Just to clarify, I NEVER give trading advice to people, I treat others with respect you will never have, you are a classic example of the potential scammer who after kick out from FF coming back as an "expert". I was never suspended in this place, and I will tell you for the last time, euro/dollar is out there in the interactive section and dates and levels + charts which you never post are there for public view.
I came back because I saw your post, I am off from FF as contibutor I don't need attention like you.
Sorry for stirring the pot guys, I had to react when I saw his posts and his abuse of seniors
happy trading to all
swing it!
  • #335,963
  • Feb 19, 2013 8:31am Feb 19, 2013 8:31am
Quoting tomspin
Just to clarify, I NEVER give trading advice to people, I treat others with respect you will never have, you are a classic example of the potential scammer who after kick out from FF coming back as an "expert". I was never suspended in this place, and I will tell you for the last time, euro/dollar is out there in the interactive section and dates and levels + charts which you never post are there for public view.
I came back because I saw your post, I am off from FF as contibutor I don't need attention like you.
Sorry for stirring the pot guys,...
No need to apologize sir. I put him on my iggy list again so I'm not seeing his posts but as before, he will quickly be seen for the person he is. I have little doubt his mindless ramblings, inabilty to show any credible anaylisis and flat out disrespect to everyone will once again get him banned rather quickly. (Twee runs a good ship here) I just felt (in my first post when I realized who it "really" was), that newer traders should be warned that this isn't somebody to take seriously.

You and I have never talked but I've read many of your posts over time and I for one would like to see you continue.
Ghost Rider - WWTBMD?
  • #335,964
  • Feb 19, 2013 9:34am Feb 19, 2013 9:34am
It seems the mid support line held rather well, with the way the price had failed to reach first resistance I assumed first support is where it would try to go.

Assuming I have my lines right, there is a nice triangle starting to form on the hourly time frame, which I will check back on in a few hours.
  • #335,965
  • Feb 19, 2013 9:49am Feb 19, 2013 9:49am
Quoting pound trader
I don't need to ask you what name I have to select for posting threads on the forum. Better mind your business and talk something constructive.

idiot
you clearly have to stay away from here after this post.
go in some other place offending people.
here nobody offended you.
and actually albchr is much respectable person.
good luck with your life.
90% of traders use TA, indicators and prediction
  • #335,966
  • Feb 19, 2013 9:55am Feb 19, 2013 9:55am
btw...
would like to clearify just one thing:
if cable will ever give a sign of strength i will probably be the first one jumping long position.
actually i have both no clue in short or long the pair.

i'm not in any way biased in a direction or the other.
if have reasons for short i short. if reasons for long i long.

price is totally flat between a major support area and an untested resistance area.

why the hell should one take a position now?
there is a perfect 50% probability to see a 150 pips move up, or down.

this is my view and main reasons.
while typing, indeed, price 5440 again.
90% of traders use TA, indicators and prediction
  • #335,967
  • Feb 19, 2013 10:00am Feb 19, 2013 10:00am
There goes my triangle but at least it hit S1, although it is after I exited my position and a few hours later than I expected it to.
  • #335,968
  • Feb 19, 2013 10:17am Feb 19, 2013 10:17am
cable = sheet !!!!!
trade short only !!!!
  • #335,969
  • Edited 11:45am Feb 19, 2013 10:23am | Edited 11:45am
Beware possible short fake?

EDIT:

I sould have been more responsible here by saying don't take the buy you see on my chart as anything serious. I'm only risking 20 pips on a small position based on where it bounced last time at this level (Gray circle) and the index charts. I may make a few, I may loose a few or "IF" that retrace I've been thinking about does happen, this will be a nice trade...LOL
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Ghost Rider - WWTBMD?
  • #335,970
  • Feb 19, 2013 11:39am Feb 19, 2013 11:39am
Maybe a long @1.5394
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  • #335,971
  • Feb 19, 2013 11:49am Feb 19, 2013 11:49am
What do you think about my analysis.

I have posted it here.

http://www.forexfactory.com/showthre...04#post6457704
  • #335,972
  • Feb 19, 2013 12:08pm Feb 19, 2013 12:08pm
Quoting Nick35
cable = sheet !!!!!
trade short only !!!!

Dear mate, there are some devil behind this currency & they have alot of money,they decide to send it down or up intentionaly just to make money by making call retail traders, so you can see some times this pair ( gbp/USD) goes down or up non stop 1000 or 1500 or more pips even with no correction.
  • #335,973
  • Feb 19, 2013 1:25pm Feb 19, 2013 1:25pm
Quoting Bruce le
Dear mate, there are some devil behind this currency & they have alot of money,they decide to send it down or up intentionaly just to make money by making call retail traders, so you can see some times this pair ( gbp/USD) goes down or up non stop 1000 or 1500 or more pips even with no correction.
Yes. I think this currency might being manipulated and weakened on purpose maybe by BOE (not to take out the retail traders I believe LOL, they don't run economies on retail traders losses). Look at any other USD pair. Except for JPY which is another being manipulated, the Brits probably want Pound to be weak, good for their economy. A sh**ty currency like Euro we all know there were so many problems with so many countries there going default can recover and make USD weak, there must be something going on with GBP on purpose. I would say be careful and be with the trend. When big banks intervene, not a good idea to go against them.
  • #335,974
  • Feb 19, 2013 1:33pm Feb 19, 2013 1:33pm
I thinkg Gpb/Usd will go up to 1.5500 tomorrow 12:00 finnish time!
  • #335,975
  • Feb 19, 2013 1:36pm Feb 19, 2013 1:36pm
Quoting CasperTrader
Yes. I think this currency might being manipulated and weakened on purpose maybe by BOE (not to take out the retail traders I believe LOL, they don't run economies on retail traders losses). Look at any other USD pair. Except for JPY which is another being manipulated, the Brits probably want Pound to be weak, good for their economy. A sh**ty currency like Euro we all know there were so many problems with so many countries there going default can recover and make USD weak, there must be something going on with GBP on purpose. I would say...
The UK is one quarter away from a triple dip recession, Osbourne's deficit cutting plans are not working as planed, one of our biggest trading partners is struggling, we have a large deficit, unemployment levels have not really changed much in 2 years and interest rates have been kept at 0.5% and show no sign of being increased. I also wouldn't be surprised if tomorrows unemployment figures show an increase in unemployment.

Personally the only thing going on with GBP is it reflecting the state of the UK economy.
  • #335,976
  • Feb 19, 2013 2:14pm Feb 19, 2013 2:14pm
Quoting blobsaudio
The UK is one quarter away from a triple dip recession, Osbourne's deficit cutting plans are not working as planed, one of our biggest trading partners is struggling, we have a large deficit, unemployment levels have not really changed much in 2 years and interest rates have been kept at 0.5% and show no sign of being increased. I also wouldn't be surprised if tomorrows unemployment figures show an increase in unemployment.

Personally the only thing going on with GBP is it reflecting the state of the UK economy.
I'm no expert on economies but based on what is heard in the news, there was so much hue and cry when the PIGS were being bailed out and see where Euro is today.

As for the state of UK's economy, so is the whole world's. US employment numbers aren't great. And why doesn't BOE cut down the rates further to boost the economy.

Look at Japan, they are doing it. UK wants to do the same but without lowering the interest rates. Why? Japanese intervention is all news. I guess UK is doing it more secretively.

It's the USD that is bound to get weakest in the coming future eventually.
  • #335,977
  • Feb 19, 2013 2:45pm Feb 19, 2013 2:45pm
Quoting Schickeria
What do you think about my analysis.

I have posted it here.

http://www.forexfactory.com/showthre...04#post6457704
hello
personally i'm not an elliot wave fan so about that i can't say anything!.. but this doesn't matter!
actually i'm waiting to see what there is into 1.53 area expecting to see some nervous moves in price.
if i will no see some important signs of strength, or too quick moves up, i will not consider long positions, preferring to wait price in higher levels for short.

so summarizing i do agree with your analysis but i will be extremely careful!

let's see if market will also have care about us small humans
90% of traders use TA, indicators and prediction
  • #335,978
  • Feb 19, 2013 2:48pm Feb 19, 2013 2:48pm
Quoting Nicoi
I thinkg Gpb/Usd will go up to 1.5500 tomorrow 12:00 finnish time!
11:58:55 more accurate
90% of traders use TA, indicators and prediction
  • #335,979
  • Feb 19, 2013 2:50pm Feb 19, 2013 2:50pm
Quoting blobsaudio
The UK is one quarter away from a triple dip recession, Osbourne's deficit cutting plans are not working as planed, one of our biggest trading partners is struggling, we have a large deficit, unemployment levels have not really changed much in 2 years and interest rates have been kept at 0.5% and show no sign of being increased. I also wouldn't be surprised if tomorrows unemployment figures show an increase in unemployment.

Personally the only thing going on with GBP is it reflecting the state of the UK economy.
yes this is the main problem: there is no clear bullish reasons in UK.
usually i'm the one buying supports around this price area.
but this could be the scenario where fundamentals will burn a lot of supports!!!

not actually considering US fundamentals which actually is the most hidden thing in markets!!
90% of traders use TA, indicators and prediction
  • #335,980
  • Feb 19, 2013 3:05pm Feb 19, 2013 3:05pm
U can cut rates to zero but if the banks have no reason to lend what's the point...private debt is high and without increasing rates uv got no incentive to save, the cost of living increasing with inflation means consumer spending is diminishing...property market is stagnant...pound depreciating increases import prices so consumer power even lower...exports will only increase when euro zone recovers as that's uk main trading partner...financial sector shrinking and contributing less than before taxation wise...so UK seems f**ked...but last yr Europe was looking like parity but didn't happen...so predicating is pointless...but a breakdown in pound to 1.40 I doubt...unless further QE...which has stopped working a long time ago
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