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Cable Update (GBPUSD)

  • #345,181
  • Edited 5:43am Aug 14, 2013 5:29am | Edited 5:43am
They nicely signal for bear /correction down continue short term with breaks gold 1316 , gu 5429. eu 3265 , and yes further confirmation may need at gold 1305 & 1270, gu 5393, 5205,5103 , eu now at more initial stage & to crush more than any ,goes next 3189 before 2992. just spike up running now very ok to take action in gu & gold & eu still to come that stage , break 3189 first .
Take care , top forming or so as in corrective wave can also take some different shapes if market likes to & so certainly take all care as always must need for,
fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #345,182
  • Aug 14, 2013 5:46am Aug 14, 2013 5:46am
Quoting Purple
{quote} Bloomberg company goes to different business schools all over the world and offers graduate students to take this 'Assessment' test to help them gauge their own financial strengths and weaknesses.. the results are stored in their company database and sometimes when someone tops it, they also gets a job offers from Financial companies based on it.. many investment firms and banking institutions also send their employees to take this test.. {quote} You can click on my profile page and go through 38 attachments I have posted before. Some of...
Ahhh ok. Well, you might find more success in trading for yourself. At least, it would be enjoyable as you don't have to meet a quota, or pump some lame stock or other investment vehicle to some poor little old lady or man just to keep numbers going in "the firm's" direction. And believe me, that DOES happen. This way, you trade for yourself and travel as you like, wear what you want, or don't want .. while trading. You get the picture. FREEDOM from day to day. No little poindexter type :nerd: telling you what to do when you clearly know he/she doesn't know what they are talking about.
It's the simple things in life that have the most powerful meaning.
  • #345,183
  • Aug 14, 2013 5:56am Aug 14, 2013 5:56am
Quoting lebleup
{quote} Ahhh ok. Well, you might find more success in trading for yourself. At least, it would be enjoyable as you don't have to meet a quota, or pump some lame stock or other investment vehicle to some poor little old lady or man just to keep numbers going in "the firm's" direction. And believe me, that DOES happen. This way, you trade for yourself and travel as you like, wear what you want, or don't want .. while trading. You get the picture. FREEDOM from day to day. No little poindexter type :nerd: telling you what to do when you clearly know...
I know what you are saying.. I have been doing it for years now.. but you know what, it is much more enjoyable when you have clients to manage accounts .. specially clients who know economics and have little bit fundamentals/techs knowledge.. that way they share their insights and give suggestions, they challenge you to be better and I like that .. I have clients who have given me excellent MM sheets and some who had warned me of the Carry Trade end in year 2006-07 which saved me and my account from going bust. I am as much thankful of my clients for helping me to improve, than myself to them.
  • #345,184
  • Aug 14, 2013 6:11am Aug 14, 2013 6:11am
Quoting Purple
{quote} I know what you are saying.. I have been doing it for years now.. but you know what, it is much more enjoyable when you have clients to manage accounts .. specially clients who know economics and have little bit fundamentals/techs knowledge.. that way they share their insights and give suggestions, they challenge you to be better and I like that .. I have clients who have given me excellent MM sheets and some who had warned me of the Carry Trade end in year 2006-07 which saved me and my account from going bust. I am as much thankful of my...
that is bad..if u have clients that are advising u..what is the point of them giving money to u..i would lose confidence in u in a heart beat..u are supposed to be the expert..

it be interesting to know what yur equity curve is like
  • #345,185
  • Aug 14, 2013 6:28am Aug 14, 2013 6:28am
Quoting Purple
{quote} I know what you are saying.. I have been doing it for years now.. but you know what, it is much more enjoyable when you have clients to manage accounts .. specially clients who know economics and have little bit fundamentals/techs knowledge.. that way they share their insights and give suggestions, they challenge you to be better and I like that .. I have clients who have given me excellent MM sheets and some who had warned me of the Carry Trade end in year 2006-07 which saved me and my account from going bust. I am as much thankful of my...
Very interesting comments there! I wouldn't have thought you could benefit in such a way FROM your clients having you manage their investments. I guess some people have so much money and making money in such large amounts , do it so easily, they don't have time for the "small" stuff and have someone else do the investing. Interesting concept isn't it?
Thanks for sharing.
It's the simple things in life that have the most powerful meaning.
  • #345,186
  • Aug 14, 2013 7:39am Aug 14, 2013 7:39am
Some resistance at yesterday's High ~ 1.55119.

Will it break ? Let us watch....
  • #345,187
  • Aug 14, 2013 7:45am Aug 14, 2013 7:45am
Are we going to 1.6000
Impossible = 0
  • #345,188
  • Aug 14, 2013 7:54am Aug 14, 2013 7:54am
Is it going all the way north?
  • #345,189
  • Aug 14, 2013 8:19am Aug 14, 2013 8:19am
Good day,

Keep an eye on 1.5600 - if we go north, price would want that. We still have 1.48937 at the bottom too..

We will have to wait and see..

Regards
  • #345,190
  • Aug 14, 2013 8:20am Aug 14, 2013 8:20am
Quoting nAVIN2007
{quote}it be interesting to know what yur equity curve is like
I have posted it before here:

http://www.forexfactory.com/showthre...65#post2259865
  • #345,191
  • Aug 14, 2013 8:30am Aug 14, 2013 8:30am
Quoting Purple
{quote} I have posted it before here: http://www.forexfactory.com/showthre...65#post2259865
u are a good trader!!!! ..actually fantastically good it seems
  • #345,192
  • Aug 14, 2013 8:48am Aug 14, 2013 8:48am
what is going on with Pound? O_O its like on steroids....
Trololololo
  • #345,193
  • Aug 14, 2013 9:07am Aug 14, 2013 9:07am
Quoting Libertas_Ltu
what is going on with Pound? O_O its like on steroids....

have to be patient..too many bums on the bus
  • #345,194
  • Aug 14, 2013 9:17am Aug 14, 2013 9:17am
Quoting Makavell
buying cable at current price 1.5443 target 1.5533
Im out!
  • #345,195
  • Aug 14, 2013 9:22am Aug 14, 2013 9:22am
Quoting Ill-b-back
{quote} I don't see what is so special about the US economy, it's still in the duldrums, Ben is committed to near zero rates into the future and this tapering talk is coming from the media not Ben as he is also employing data based forward guidance.
Thhe fact that US contributes to 50% of world GDP, and the fact that US GDP at 2%, is higher than UK...

in real terms, US economy is in much better condition than UK.
also another thing... US has shit loads of oil to be energy independent, whereas UK, doesnt have this privilege....

you've been living in Australia far too long to not realize the fact that US is a big powerhouse with its States being its own country, much like what the EUROZONE is trying to copy. US is well balanced in Agriculture, Services and Manufacturing sector.
With Manufacturing in US that seems too slowdown like Detroit and its car manufacturing based economy, you still have Agriculture, ohio, etc to keep the econoomy up.... at 2%..

Sadly for UK, they are tooo focused on Services that now that their service sector is suffering and they are fucked for being slow to transition back to manufacturing...

Another thing, UK trying to implement forward guidance based on unemployment like the US, sadly, US unemploymennt rate has been dropping consistently whereas UK isnt.... so really US has all the reasons to Taper before any country.

I say it all the time and i'll say it again to you since i dont want you to get burned. DO NOT BET AGAINST A DOLLAR BULL.
HEAR ME??
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #345,196
  • Aug 14, 2013 9:37am Aug 14, 2013 9:37am
yeah, but right now that "powerhouse" is being pushed around like a little child... hopefully you are right tyrant... For the sake of my account
Trololololo
  • #345,197
  • Aug 14, 2013 9:38am Aug 14, 2013 9:38am
Quoting fxtyrant
{quote} Thhe fact that US contributes to 50% of world GDP, and the fact that US GDP at 2%, is higher than UK... in real terms, US economy is in much better condition than UK. also another thing... US has shit loads of oil to be energy independent, whereas UK, doesnt have this privilege.... you've been living in Australia far too long to not realize the fact that US is a big powerhouse with its States being its own country, much like what the EUROZONE is trying to copy. US is well balanced in Agriculture, Services and Manufacturing sector. With Manufacturing...

dont f**&k with da pound
is what he is gonna say!

the pound is a b&^&tch to sell
  • #345,198
  • Aug 14, 2013 9:38am Aug 14, 2013 9:38am
According to Wikipedia,

World GDP $70 trillion, US GDP 15 trillion, how does that give 50%?

And that's norminal, the share will be even lower if real terms are used.

Quoting fxtyrant
{quote} Thhe fact that US contributes to 50% of world GDP, and the fact that US GDP at 2%, is higher than UK... in real terms, US economy is in much better condition than UK. also another thing... US has shit loads of oil to be energy independent, whereas UK, doesnt have this privilege.... you've been living in Australia far too long to not realize the fact that US is a big powerhouse with its States being its own country, much like what the EUROZONE is trying to copy. US is well balanced in Agriculture, Services and Manufacturing sector. With Manufacturing...
Attached Image
  • #345,199
  • Aug 14, 2013 10:00am Aug 14, 2013 10:00am
Quoting Darkforce
According to Wikipedia, World GDP $70 trillion, US GDP 15 trillion, how does that give 50%? And that's norminal, the share will be even lower if real terms are used. {quote} {image}
buddy, include all the countries who have their currencies tied/pegged to the US, thats how you have 50% of the world's GDP
Need i mention?
India, Hong Kongg, Ghhana, braazil,, mexico, all these have tradding ties wiith US
even china's growth relies on US consumption for the past decades, why do you think china's growth is slowing doown as chinass hifts its economy from export based to domeestic consumption based??
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #345,200
  • Aug 14, 2013 10:33am Aug 14, 2013 10:33am
5421 the daily lo - the pairing finding support at the previous 4hr/daily/minor weekly swing hi zone on the dip from last week's 5573 to it....then the Uk data and more upside price reaching 5503 pulling back to 5456 - and like the daily before it - a previous 1hr swing hi zone before the leg higher to today's current daily hi -5542, at /around Daily R2. 4hr/daily general uptrends still intact...1hr mixed but a Hl and HH now in the run up from 5421. 100 sma is above 200 sma on 1hr and 4hr and price trades above them both, on both t/f's. 100sma remains below 200sma on daily and weekly but price trades above them both on daily.

Interesting take on gbpusd now:
http://www.efxnews.com/story/20197/p...buy-gbp-nomura

G/L
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