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Cable Update (GBPUSD)

  • #336,521
  • Mar 4, 2013 3:08pm Mar 4, 2013 3:08pm
Quoting Bones
cable is 2 part
and you see the US about to go backwards at the rate of the UK?
Money never sleeps...
  • #336,522
  • Mar 4, 2013 3:22pm Mar 4, 2013 3:22pm
a little off topic but can anyone explain to me why the Dow is so damn high? Surely everyone can see that this is an incredible bubble with almost all countries worldwide drowning in debt, slowing consumer spending and potential super high inflation all to look forward to?

I dont get it
Money never sleeps...
  • #336,523
  • Mar 4, 2013 3:35pm Mar 4, 2013 3:35pm
No idea tbh , cable is very oversold ,just thinking ,kinda funny looking weekly last week ?


Quoting inpatient
and you see the US about to go backwards at the rate of the UK?
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #336,524
  • Mar 4, 2013 3:37pm Mar 4, 2013 3:37pm
Quoting inpatient
a little off topic but can anyone explain to me why the Dow is so damn high? Surely everyone can see that this is an incredible bubble with almost all countries worldwide drowning in debt, slowing consumer spending and potential super high inflation all to look forward to?

I dont get it
To confuse you some more, the FTSE 100 is currently above 6000 whilst the UK economy is heading towards a triple dip recession and the pound is losing value.
  • #336,525
  • Mar 4, 2013 3:41pm Mar 4, 2013 3:41pm
Quoting blobsaudio
To confuse you some more, the FTSE 100 is currently above 6000 whilst the UK economy is heading towards a triple dip recession and the pound is losing value.

yeah, even more ridiculous for sure

sometimes you have to step back and wonder wtf is going on with the markets, nothing makes sense any more.
Money never sleeps...
  • #336,526
  • Mar 4, 2013 3:43pm Mar 4, 2013 3:43pm
Quoting inpatient
a little off topic but can anyone explain to me why the Dow is so damn high? Surely everyone can see that this is an incredible bubble with almost all countries worldwide drowning in debt, slowing consumer spending and potential super high inflation all to look forward to?

I dont get it

QE money flooding in. A stated intention of the FED. The idea is, it makes people feel richer, so spend more. But they forget it's just the 1% getting all the pie.
  • #336,527
  • Mar 4, 2013 3:47pm Mar 4, 2013 3:47pm
im thinking your over thinking haha

Quoting inpatient
yeah, even more ridiculous for sure

sometimes you have to step back and wonder wtf is going on with the markets, nothing makes sense any more.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #336,528
  • Mar 4, 2013 3:48pm Mar 4, 2013 3:48pm
1.5116 is 1.618 retrace (RB) ,you can judge price by its actions
piercing line = high prob ,better than say a hammer because ?



Quoting Bones
D1 looking to close ,ride could be rough as cable has been free fall
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #336,529
  • Mar 4, 2013 3:51pm Mar 4, 2013 3:51pm
Quoting Bones
im thinking your over thinking haha

this is true, lol
Money never sleeps...
  • #336,530
  • Mar 4, 2013 3:57pm Mar 4, 2013 3:57pm
Quoting JohnW
Has the long term (daily) down trend line been broken? No. This is not the end of the downtrend.
can you please explain further, am an amateur, just learning. thanks.
  • #336,531
  • Mar 4, 2013 4:09pm Mar 4, 2013 4:09pm
Quoting aftatech
can you please explain further, am an amateur, just learning. thanks.

loner term trends are viewed on more longer term time frames.

It is true that right now if you look at the 5, 10, 15, 30 and hourly charts it seems we are now on an uptrend. However, when you view the daily and weekly timeframes (which are a better indicator of trends) it still shows that we are simply moving inside of a channel that is still trending down.

We are hoever reaching a point where sustained movement up will seemingly break that channel.
Money never sleeps...
  • #336,532
  • Mar 4, 2013 4:20pm Mar 4, 2013 4:20pm
i believe we are at the top of the steps and about to catch an elevator down
Money never sleeps...
  • #336,533
  • Mar 4, 2013 4:21pm Mar 4, 2013 4:21pm
I must admit I dont ,its at a very intresting point ,above not so good for my bearish Aud thoughts ,
Dow is linked to risky assets I do know that but I dont think id ever fully understand mechanics ,
also the thing driving I think id be right in saying is forever going through cycle (dont quote me)

If your a novice like me Im thinking theres other stuff to get your head around


Quoting inpatient
a little off topic but can anyone explain to me why the Dow is so damn high? Surely everyone can see that this is an incredible bubble with almost all countries worldwide drowning in debt, slowing consumer spending and potential super high inflation all to look forward to?

I dont get it
Attached Image (click to enlarge)
Click to Enlarge Name: dow quarterly 4-3-13.png Size: 24 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #336,534
  • Mar 4, 2013 4:28pm Mar 4, 2013 4:28pm
Quoting Bones
I must admit I dont ,its at a very intresting point ,above not so good for my bearish Aud thoughts ,
Dow is linked to risky assets I do know that but I dont think id ever fully understand mechanics ,
also the thing driving I think id be right in saying is forever going through cycle (dont quote me)

If your a novice like me Im thinking theres other stuff to get your head around
I completely agree with the things i aint got my head around yet, its why i dont try to get overly technical too often. Whenever i get really deep into technical analysis or start to feel like im getting a grip of the fundamentals something happens to make me think i really know nothing still. The more i know the less i understand.

However, purely from the perspective of trading for profit and looking for markets that seem to produce more favourable shifts that can be very extreme i like trading the Dow. Looking at your chart shows the huge swings that occur and i find it a safer bet over the long term that trades will prove successful. Im already heavily short on the Dow and have been since 14,000. Im more confident trading here than anywhere else.
Money never sleeps...
  • #336,535
  • Mar 4, 2013 4:29pm Mar 4, 2013 4:29pm
Quoting inpatient
i believe we are at the top of the steps and about to catch an elevator down
still waiting for the elevator down, a couple more pips should do it.
Money never sleeps...
  • #336,536
  • Mar 4, 2013 4:35pm Mar 4, 2013 4:35pm
I would say fail also ,but honestly have no I idea ,somthing pretty d1 would be cool
you can see Aud is also at highs ,bounced off tl ,but
Attached Image (click to enlarge)
Click to Enlarge Name: aud lf w1 4-3-13 -2.gif Size: 18 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #336,537
  • Mar 4, 2013 4:41pm Mar 4, 2013 4:41pm
I think your pushing wrong button lol anyway trade well

Quoting inpatient
still waiting for the elevator down, a couple more pips should do it.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #336,538
  • Mar 4, 2013 4:48pm Mar 4, 2013 4:48pm
Quoting Bones
I think your pushing wrong button lol anyway trade well

Money never sleeps...
  • #336,539
  • Mar 4, 2013 10:45pm Mar 4, 2013 10:45pm
Ok correction so far , 5148 limit for down watching , break can have a good chance more correction & then watching level add 5186 & then 5222 . may not yet & if so so then expecting to the bottom & down soon . so 5148 is the level for the decision specially . again 5058 remain the level for further up above 5148.
fontu
Attached Image (click to enlarge)
Click to Enlarge Name: gu1.gif Size: 15 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #336,540
  • Mar 4, 2013 11:37pm Mar 4, 2013 11:37pm
Quoting fontu
Ok correction so far , 5148 limit for down watching , break can have a good chance more correction & then watching level add 5186 & then 5222 . may not yet & if so so then expecting to the bottom & down soon . so 5148 is the level for the decision specially . again 5058 remain the level for further up above 5148.
fontu

feeling quite confident we have not reached the bottom yet from this trend. This correction so far is along expected lines but i dont see much more from it.

going to bed, will be back in 8 hours
Money never sleeps...
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