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Cable Update (GBPUSD)

  • #342,981
  • Jun 19, 2013 3:11pm Jun 19, 2013 3:11pm
That's what I call a nice dollar comeback.

Once the GBP finally realizes it shouldn't be up here..... ...lol

Flat now and looking to sell rallies again.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: gbpusdh4.png Size: 45 KB
Ghost Rider - WWTBMD?
  • #342,982
  • Jun 19, 2013 3:25pm Jun 19, 2013 3:25pm
Bernanke's speech in the direction of more dollar bullishness, as i have been saying for the last few months... watch bernanke's tone change from Dovish QE to a hawkish US economic recovery tone... thats what he did today....
regardless of unemployment and inflation, Bernanke hinted that FED is looking to end QE soooner or later, and the fact that US economic recovery is here to stay, probably best not to go against the dollar bulls, dollar bullishness has proven capable of making Lower lows on the GBPUSD.

US interest rate at near 0 only laments the fact its got space for interest rates to rise, what do you guys think if QE starts to taper and interest rates rising??
hell hath no fury when the dollar bulls come charging.
brace urself GBPUSD bulls, we're headed down to visit 1.50 areas again...

ps. gold is gona mak lower lows in the next 2-5 months time. maybe 1200 for gold soon
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #342,983
  • Jun 19, 2013 3:26pm Jun 19, 2013 3:26pm
Quoting albchr
That's what I call a nice dollar comeback. Once the GBP finally realizes it shouldn't be up here..... ...lol Flat now and looking to sell rallies again. {image} {image}
i wonder where the 1.60/1.63 bulls disappeared to now....
been away because of the noise, glad things are clearer and im glad im looking at the us economy like ben did today... i think im in line to say US dollar gona make higher highs beyond a huge resistance.
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #342,984
  • Jun 19, 2013 3:29pm Jun 19, 2013 3:29pm
Quoting fxtyrant
{quote} i wonder where the 1.60/1.63 bulls disappeared to now.... been away because of the noise, glad things are clearer and im glad im looking at the us economy like ben did today... i think im in line to say US dollar gona make higher highs beyond a huge resistance.
LOL...I can almost set my watch by your appearance bro. But as you've seen, I share your view on the greenback.
Ghost Rider - WWTBMD?
  • #342,985
  • Jun 19, 2013 3:33pm Jun 19, 2013 3:33pm
Quoting fxtyrant
gold is gona mak lower lows in the next 2-5 months time. maybe 1200 for gold soon
I've been looking for 1200 since the 1700's. I'd have to dig way back in posts to show that...lol
Ghost Rider - WWTBMD?
  • #342,986
  • Jun 19, 2013 3:36pm Jun 19, 2013 3:36pm
Quoting albchr
{quote} LOL...I can almost set my watch by your appearance bro. But as you've seen, I share your view on the greenback.
well im back in Hong Kong for the past 2 weeks and its far more difficult for me to monitor the markets, my partner in New Jersey is the one managing my accounts for now, until i get back to London
and yes i seem to have a filter for nonsense on this thread nowadays.... the awkward timezone of Hong Kong may have helped a bit in filtering all the noise but overall i still have a good sense of the picture on the GBPUSD.

The world operates in a cycle believe it or not.. as the Asia pacific Region is underperforming, the Americas Regions often overperforming.. and as we can see China Slowdown in the pace of economic growth, US is only beginning to pick up pace... it runs in cycle...
as for Europe... for them its status quo. as soon as you see Europe's growth pick up pace... its probably when the US economy slows down.
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #342,987
  • Jun 19, 2013 3:41pm Jun 19, 2013 3:41pm
Quoting albchr
{quote} I've been looking for 1200 since the 1700's. I'd have to dig way back in posts to show that...lol
theres no fundamental reason for gold to be bought at any level.

look... lets study sth US equities are still capable of making record highs, so i dont see gold making record highs if equities are still in upmove...
next gold is as good a commodity as silver and all other metals, in fact one of the most overpriced metals with almost no application, not even as applicable as iron and steel....
sine 2008 gold spot price and gold stoock inndices have shown a huge gap and this Spot to Stock will come back to equilibrium, gold stock indices reflects the true cost of gold production and right now its about $600/oz to produce a bar of gold, so why would people pay $2000?
where is the logic?

see the gap im talking about??

Attached Image

see the gap im talking about?
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #342,988
  • Jun 19, 2013 3:44pm Jun 19, 2013 3:44pm
Quoting fxtyrant
{quote} well im back in Hong Kong for the past 2 weeks and its far more difficult for me to monitor the markets, my partner in New Jersey is the one managing my accounts for now, until i get back to London and yes i seem to have a filter for nonsense on this thread nowadays.... the awkward timezone of Hong Kong may have helped a bit in filtering all the noise but overall i still have a good sense of the picture on the GBPUSD. The world operates in a cycle believe it or not.. as the Asia pacific Region is underperforming, the Americas Regions often...
Where in Jersey man? Probably very close to me.
Ghost Rider - WWTBMD?
  • #342,989
  • Jun 19, 2013 3:46pm Jun 19, 2013 3:46pm

lol that's was great !!

Quoting nAVIN2007
well that went well..engulf im looking for now..well done tony {image}
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #342,990
  • Jun 19, 2013 3:48pm Jun 19, 2013 3:48pm
Quoting albchr
{quote} Where in Jersey man? Probably very close to me.
small town called Ho-Ho-Kus, north of Newark
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #342,991
  • Jun 19, 2013 3:50pm Jun 19, 2013 3:50pm
Quoting Bones
lol that's was great !! {quote}
dont mess with the dollar bulls eh? my 1.56 shorts are looking great again, though had to hold a 100 pip drawdown up to 1.57 but never doubted it, especially when navin joined the dollar bull bandwagon.
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #342,992
  • Jun 19, 2013 3:51pm Jun 19, 2013 3:51pm
Quoting fxtyrant
{quote} theres no fundamental reason for gold to be bought at any level. look... lets study sth US equities are still capable of making record highs, so i dont see gold making record highs if equities are still in upmove... next gold is as good a commodity as silver and all other metals, in fact one of the most overpriced metals with almost no application, not even as applicable as iron and steel.... sine 2008 gold spot price and gold stoock inndices have shown a huge gap and this Spot to Stock will come back to equilibrium, gold stock indices reflects...
Couldn't agree more and very well said. This is pretty much all selling gold from the top. (Just a few currency trades mixed in there but less than 10)

http://www.forexfactory.com/showthre...30#post6758530
Ghost Rider - WWTBMD?
  • #342,993
  • Jun 19, 2013 3:51pm Jun 19, 2013 3:51pm




Quoting Bones
eur usd wont survive at this level 1.3400 {quote}
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #342,994
  • Jun 19, 2013 3:52pm Jun 19, 2013 3:52pm
Quoting fxtyrant
{quote} small town called Ho-Ho-Kus, north of Newark
Ah yes....Bergen County. I know it well.
Ghost Rider - WWTBMD?
  • #342,995
  • Jun 19, 2013 3:55pm Jun 19, 2013 3:55pm
Quoting albchr
{quote} Ah yes....Bergen County. I know it well.
chris christie territory.... peaceful area but that govenor scares me lol
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #342,996
  • Jun 19, 2013 3:55pm Jun 19, 2013 3:55pm
,what have I done but predicted the impossible actually with a couple of line s lol

bbmac will scratch his head I think

Quoting Bones
I guess yours will close more bearish then ! Id be glad to see {image}
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #342,997
  • Jun 19, 2013 3:56pm Jun 19, 2013 3:56pm
Quoting Bones
{quote}
LOL...

I've been chuckling as I read the news section with all those screaming the dollar is dead and 3600 next for EU with every nonsense report. lol
Ghost Rider - WWTBMD?
  • #342,998
  • Jun 19, 2013 3:58pm Jun 19, 2013 3:58pm
Hmmm Mervyn King just came out saying BOE needs to push more stimulus, so GBPUSD traders, More GBP printing and Less USD Printing, how do you interpret it?
if someone doesnt know, time to study up Economics 101
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #342,999
  • Jun 19, 2013 3:59pm Jun 19, 2013 3:59pm
Quoting Bones
,what have I done but predicted the impossible actually with a couple of line s lol bbmac will scratch his head I think {quote} {image} {image}
Nothing impossible about it bro. By the way, did you see the daily I posted you wanted to see? I was off a bit on the close....

http://www.forexfactory.com/showthre...58#post6761858
Ghost Rider - WWTBMD?
  • #343,000
  • Jun 19, 2013 4:00pm Jun 19, 2013 4:00pm
Quoting Bones
,what have I done but predicted the impossible actually with a couple of line s lol bbmac will scratch his head I think {quote} {image} {image}
Reminds me of yet another H&SS pattern there.
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
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