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Cable Update (GBPUSD)

  • #360,601
  • Jan 24, 2014 11:51am Jan 24, 2014 11:51am
Quoting el_duende
{quote} Me neither, I have no idea how they stop the increasing debt. I think there is now an inevitability feel to it. Higher incomes may be hard to achieve with the ever increasing costs of living. In real terms people are earning less year on year. The jobs being created are low paid and part time. Even zero hour jobs are being counted now. Growth needs service/manufacturing to be boosted and sold to other countries but a high GBP hinders this. It doesn't look good

gbp is appreciating alongside eur and USD which is all that matters. Is not going to be a problem
  • #360,602
  • Jan 24, 2014 11:52am Jan 24, 2014 11:52am
Quoting Davit
{quote} I get the feeling GU bubble is over.We could see lower numbers coming week.All stops cleared now its smack down time.There is no important news release until Feb 3rd PMI
You don't think FOMC is important?
Come with me if you want to live....
  • #360,603
  • Jan 24, 2014 11:52am Jan 24, 2014 11:52am
Quoting TauTrader
{quote} Sir, You are close... But not over yet.. 1.5562 would be nice though. All success

Hi Tau
I would be extremely happy to see 1.63 1.55 is unlikely for years to come.Pound is the strongest currency now and don't see that changing without serious fundamental shift like unemployment plummeting back to 8%
In trading, you have to be defensive and aggressive at the same time
  • #360,604
  • Jan 24, 2014 11:53am Jan 24, 2014 11:53am
Quoting Ill-b-back
{quote} Could be, we all follow our own maps
check out my journal i just posted in and tell me if your be intrested
  • #360,605
  • Jan 24, 2014 11:54am Jan 24, 2014 11:54am
Quoting PoundTrader
{quote} check out my journal i just posted in and tell me if your be intrested
OK dude, will do thanks mate
Come with me if you want to live....
  • #360,606
  • Jan 24, 2014 11:55am Jan 24, 2014 11:55am
Quoting Ill-b-back
{quote} You don't think FOMC is important?

Actually Feds are good news for USD of late.They already started tampering and can't reverse the processs if anything they might anounce more tampering.
In trading, you have to be defensive and aggressive at the same time
  • #360,607
  • Jan 24, 2014 11:56am Jan 24, 2014 11:56am
Quoting Ill-b-back
{quote} OK dude, will do thanks mate
i think this system will work and could change your trading around
  • #360,608
  • Jan 24, 2014 11:58am Jan 24, 2014 11:58am
Quoting Ill-b-back
Taking a small buy here, SL below
6462 is the number to watch it might come down at 6533
  • #360,609
  • Jan 24, 2014 12:02pm Jan 24, 2014 12:02pm
Quoting Davit
{quote} Actually Feds are good news for USD of late.They already started tampering and can't reverse the processs if anything they might anounce more tampering.
That's not correct, it's an open policy, they can do what they want as it is data dependant.
Ben has made this abundantly clear, the media like to play with facts though.
Come with me if you want to live....
  • #360,610
  • Jan 24, 2014 12:03pm Jan 24, 2014 12:03pm
Quoting elbert3
{quote} 6462 is the number to watch it might come down at 6533
This is an entry on 15/30 min TF, the method I mentioned in your journal earlier.
Come with me if you want to live....
  • #360,611
  • Jan 24, 2014 12:04pm Jan 24, 2014 12:04pm
Quoting Ill-b-back
Taking a small buy here, SL below
do you still see GPB go beyond heaven or a little below.
  • #360,612
  • Jan 24, 2014 12:04pm Jan 24, 2014 12:04pm
Quoting Ill-b-back
{quote} That's not correct, it's an open policy, they can do what they want as it is data dependant. Ben has made this abundantly clear, the media like to play with facts though.

No more Ben Yellen the superwomen takes over

The prevailing view as Ben Bernanke retires turns the gavel over to Janet Yellen as Chair of the Federal Reserve Board is that the Yellen-led Fed will be a continuation of current policies – Bernanke version 2.0. We disagree. The CME Group feels strongly that during 2014 and 2015 Yellen will put a decidedly different stamp on the Fed: (1) Bernanke and his fear of depression are gone, and the economic context going forward is strikingly different, (2) Yellen brings a detailed focus on labor markets as well as the need to manage the unintended consequences of quantitative easing,(only way to manage is tampering) and (3) Stanley Fischer has been nominated as Vice-Chair and brings a much needed international perspective.

http://www.forbes.com/sites/realspin...-be-different/
In trading, you have to be defensive and aggressive at the same time
  • #360,613
  • Jan 24, 2014 12:06pm Jan 24, 2014 12:06pm
I obviously do not know how things work.. was involved in a terrible trade..

I can only wish for EU to hit it's target. If that is done ( 1.3757) - it may indicate a longer term short. for 1000 pips at the end. So - i'm longing a small one. But will also short as we rise.

Regards
  • #360,614
  • Jan 24, 2014 12:08pm Jan 24, 2014 12:08pm
Quoting Ill-b-back
{quote} This is an entry on 15/30 min TF, the method I mentioned in your journal earlier.
sorry sir what do you mean in journal ?
  • #360,615
  • Jan 24, 2014 12:08pm Jan 24, 2014 12:08pm
Quoting elbert3
{quote} 6462 is the number to watch it might come down at 6533
Could, do, my swing indies are a little out of wack.
As of this moment, if we close above 65 and get some push up before FOMC, i'll be curious for continuation then, but higher TF things are unclear, so adjusting to lower TF entries on another method with tighter stops.

Good to have a few tools
Come with me if you want to live....
  • #360,616
  • Jan 24, 2014 12:09pm Jan 24, 2014 12:09pm
for those of you who look at friday as your view of a downtrend dont look at friday please, friday has always been like this check the history and you will know if there a heavy up trend monday thru thursday then you can expect prices to fall on friday and vice versa if the trend is down, it was easy pips for a sell if you got in but dont let friday confirm your downtrend
  • #360,617
  • Jan 24, 2014 12:11pm Jan 24, 2014 12:11pm
Quoting Davit
{quote} No more Ben Yellen the superwomen takes over The prevailing view as Ben Bernanke retires turns the gavel over to Janet Yellen as Chair of the Federal Reserve Board is that the Yellen-led Fed will be a continuation of current policies – Bernanke version 2.0. We disagree. The CME Group feels strongly that during 2014 and 2015 Yellen will put a decidedly different stamp on the Fed: (1) Bernanke and his fear of depression are gone,...
We'll see how she goes, I have very different info which I have already posted hours ago.
predicting the mindset of others is like counting cards, lots of variables.
We could babble on for hours, but it would be pointless, it really would.
Come with me if you want to live....
  • #360,618
  • Jan 24, 2014 12:13pm Jan 24, 2014 12:13pm
Quoting elbert3
{quote} sorry sir what do you mean in journal ?
A post I made in PT's journal, not really important
Come with me if you want to live....
  • #360,619
  • Jan 24, 2014 12:15pm Jan 24, 2014 12:15pm
Quoting Ill-b-back
{quote} Could, do, my swing indies are a little out of wack. As of this moment, if we close above 65 and get some push up before FOMC, i'll be curious for continuation then, but higher TF things are unclear, so adjusting to lower TF entries on another method with tighter stops. Good to have a few tools
yes i do the same if you see my charts the tl are made from all over the place, the last few days all of my x marks all hit, i posted a chart before with my idea of were we are going when short i think 6604 is going to be the high point if it gets there,my thoughts are now short based. with respect,
  • #360,620
  • Jan 24, 2014 12:16pm Jan 24, 2014 12:16pm
Quoting Ill-b-back
{quote} We'll see how she goes, I have very different info which I have already posted hours ago. predicting the mindset of others is like counting cards, lots of variables. We could babble on for hours, but it would be pointless, it really would.

I am just saying the obvious that Feds reached their ceiling as far as printing money.The Fed’s balance sheet now exceeds $4 trillion and anything forward is managing and reducing this debt.
In trading, you have to be defensive and aggressive at the same time
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