no down presssure, buy GBP/USD 1.5573 target 1.5625
Cable Update (GBPUSD)
- #339,882
- May 2, 2013 4:17am May 2, 2013 4:17am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
{quote} i remember u asked us to mark your words about this navin when we broke the 5200s as far as i recall.. right?
- #339,883
- May 2, 2013 4:23am May 2, 2013 4:23am
- Joined Jan 2011 | Status: Trader | 1,560 Posts
{quote} large time frames take time..remember im a nobody.. i dont know just pointing out what i think, i cant help myself at times
thx for being modest bro..
I still need a trading break soon!!! "Loose some to win more" --Baher A.
I respect your opinion. I do not agree with you. Euro is getting a short term move up because of the of all the money that has moved out of the banks that the old USSR put the money into. That movement is what has caused the euro to move up. That is the only reason. Their was trillions and trillions of dollars that is moving out of the euro into other places. Trying to take bank accounts cause that move.
As far as GBP the data shows the country is having less by ships / import / export and the country specific companies that are tied to the local econ are not hiring in general they are laying off or cutting back on hours. This nets out to less. You can cut it anyway you want but less is less and that means the GBP is worth less. Bottom line. Until that stuff makes a change on the total avg to going up not down then the GBP will not trend up. What you have here is a final move up from a tech 5 wave pattern that has completed. This is part of a bigger pattern of a 5 wave and you have just completed the 2 wave and now your ready for the 3 wave. You can go take what the gov tells the general public and try to fight the move and if you are good at scalping and swing trades you might make a little money. The big money is going the other way. Big money is what I am following. I wish you well and hope you do not lose too much before the light comes on!
As far as GBP the data shows the country is having less by ships / import / export and the country specific companies that are tied to the local econ are not hiring in general they are laying off or cutting back on hours. This nets out to less. You can cut it anyway you want but less is less and that means the GBP is worth less. Bottom line. Until that stuff makes a change on the total avg to going up not down then the GBP will not trend up. What you have here is a final move up from a tech 5 wave pattern that has completed. This is part of a bigger pattern of a 5 wave and you have just completed the 2 wave and now your ready for the 3 wave. You can go take what the gov tells the general public and try to fight the move and if you are good at scalping and swing trades you might make a little money. The big money is going the other way. Big money is what I am following. I wish you well and hope you do not lose too much before the light comes on!
{quote} word of warning to u ..cable will strengthen USD news has been getting better..money is moving out of currency (considered risk) to more safe investment, stocks..this is why euro is strengthening, also pound is entering summer ..people get happy spend more..if the break south is false, make no mistake the mofo will break the topside 1.63 will likely be challenged and perhaps break 1.7 will be on im only saying this to u because im trading the break to the top side..
- #339,885
- May 2, 2013 4:34am May 2, 2013 4:34am
- Joined Jul 2010 | Status: Always manage your risk & leverage | 7,339 Posts
not euphoria follower
- #339,886
- May 2, 2013 4:35am May 2, 2013 4:35am
- Joined Mar 2009 | Status: Trader | 25,480 Posts
{quote} large time frames take time..remember im a nobody.. i dont know just pointing out what i think, i cant help myself at times
I'm still hoping for that area to short but I've stared building them already. I have to agree with Tony on this one.
Just my two cents bro.
Ghost Rider - WWTBMD?
- #339,888
- May 2, 2013 4:38am May 2, 2013 4:38am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
{quote} Just be careful brother. "If" it gets to around the 5680/5770 area, be ready to bail on those longs as she's gonna drop hard me thinks. I'm still hoping for that area to short but I've stared building them already. I have to agree with Tony on this one.
im always careful bro
- #339,889
- May 2, 2013 4:39am May 2, 2013 4:39am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
- #339,891
- May 2, 2013 4:39am May 2, 2013 4:39am
- Joined Mar 2009 | Status: Trader | 25,480 Posts
{quote} im always careful bro
Ghost Rider - WWTBMD?
- #339,892
- May 2, 2013 4:42am May 2, 2013 4:42am
- Joined Jul 2010 | Status: Always manage your risk & leverage | 7,339 Posts
not euphoria follower
- #339,893
- May 2, 2013 4:42am May 2, 2013 4:42am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
- #339,894
- May 2, 2013 4:45am May 2, 2013 4:45am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
{quote} You've been waiting a long time for price to come back again. Just want to see you come out on top.
- #339,897
- May 2, 2013 4:52am May 2, 2013 4:52am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
- #339,898
- May 2, 2013 4:55am May 2, 2013 4:55am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
{quote} Just be careful brother. "If" it gets to around the 5680/5770 area, be ready to bail on those longs as she's gonna drop hard me thinks. I'm still hoping for that area to short but I've stared building them already. I have to agree with Tony on this one.
its interesting how we all read charts..i just noticed yur USD chart..too me that chart is bearish ..double top and hoovering just under resistance..
damn good conviction with 4 solid bears candles..holding below the low swing of previous..major resistance (bear flag)
gbp isnt bearish..im actually seeing the opposite to u amigo