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Cable Update (GBPUSD)

  • #366,761
  • Mar 3, 2014 12:07pm Mar 3, 2014 12:07pm
Quoting palabara
{quote} Breaking news from Ukraine.. Caused a wave of panic sells..
The news that Russia is not going into Russia? And that's bad for gbp? How?
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  • #366,762
  • Mar 3, 2014 12:08pm Mar 3, 2014 12:08pm
Quoting elbert3
back to the target 5680
Attached Image (click to enlarge)
Click to Enlarge Name: 1.png Size: 99 KB
target 6580
  • #366,763
  • Mar 3, 2014 12:08pm Mar 3, 2014 12:08pm
but don't worry... nothing serious yet until we break 1.6600
  • #366,764
  • Mar 3, 2014 12:12pm Mar 3, 2014 12:12pm
Quoting Forexia
{quote} The news that Russia is not going into Russia? And that's bad for gbp? How?
Its global economy. If UK does a lot of business with EU.. and EU is in the Crosshairs.. Its bad for business.. Seeing as this conflict is going to stretch for a long time.. Its safer to pull money out.. and not be the bag holder..
There are those who know, and there are those who don't know.
  • #366,765
  • Mar 3, 2014 12:13pm Mar 3, 2014 12:13pm
Quoting palabara
{quote} Breaking news from Ukraine.. Caused a wave of panic sells..

  • #366,766
  • Mar 3, 2014 12:14pm Mar 3, 2014 12:14pm
Quoting Forexia
{quote} The news that Russia is not going into Russia? And that's bad for gbp? How?
The situation in Ukraine caused instability in the European market.... investors don't like it! and when the European market is fucked up then gbp as well. The main partner for Britain is Europe and Europe's market is not happy with Russia's acts at all! so untill they arrange a solution for the Ukrainian crissis the market will keep on acting like this.
  • #366,767
  • Mar 3, 2014 12:14pm Mar 3, 2014 12:14pm
Quoting palabara
{quote} Its global economy. If UK does a lot of business with EU.. and EU is in the Crosshairs.. Its bad for business.. Seeing as this conflict is going to stretch for a long time.. Its safer to pull money out.. and not be the bag holder..
If you talk about UK, than your point supports GBP strength, they sell and take money, i.e. pounds.

I think we just hit the stops before setting a new high
  • #366,768
  • Mar 3, 2014 12:14pm Mar 3, 2014 12:14pm
Quoting mvp77
{quote}
hey, I don't report the news.. I just pass it along.. That's what they are saying on MSNBC they are calling it breaking news.. I don't care as long as it keeps fueling shorts!
There are those who know, and there are those who don't know.
  • #366,769
  • Mar 3, 2014 12:14pm Mar 3, 2014 12:14pm
Quoting palabara
{quote} Its global economy. If UK does a lot of business with EU.. and EU is in the Crosshairs.. Its bad for business.. Seeing as this conflict is going to stretch for a long time.. Its safer to pull money out.. and not be the bag holder..
Yes I know about the global economy part. But I don't get is how Russia not getting involved in the Ukraine mess be bad for EU/GP? What, they were expecting the big bad Russia to go in to interfere with the Democracy movement in Ukraine?? I thought they toppled the Ukraine president because he was in bed too much with Russia?

Did I miss something here? I suspect there must be something else that's causing this panic selling and they are just dumping it on this "breaking" news.
Make your losses in demo. Earn your profits live.
  • #366,770
  • Mar 3, 2014 12:16pm Mar 3, 2014 12:16pm
I was saying that at this morning. Look for RTS index tomorow. I think it will continue to fall sharplly not tomorow but at wensday. And then MM will undesdand that its over. The GU longs in huge red.

I want to see those f MM in red. I was waited for so long. Fk. them all.
  • #366,771
  • Mar 3, 2014 12:16pm Mar 3, 2014 12:16pm
Quoting Maks
{quote} If you talk about UK, than your point supports GBP strength, they sell and take money, i.e. pounds.
I would think they are selling out of Pounds.. Selling pounds back for Dollar, because dollar might be a medium.. Money would flow out into dollars and then into other curruncy.. Remember GBP/US -- You'll get more dollars for your pound..
There are those who know, and there are those who don't know.
  • #366,772
  • Mar 3, 2014 12:17pm Mar 3, 2014 12:17pm
Russian crysis is long term effect. It will not solve in one of few days. It can take at least 2 to 10 weeks. So on the GU will drop at least to 6000
  • #366,773
  • Mar 3, 2014 12:17pm Mar 3, 2014 12:17pm
Quoting Forexia
{quote} Yes I know about the global economy part. But I don't get is how Russia not getting involved in the Ukraine mess be bad for EU/GP? What, they were expecting the big bad Russia to go in to interfere with the Democracy movement in Ukraine?? I thought they toppled the Ukraine president because he was in bed too much with Russia? Did I miss something here? I suspect there must be something else that's causing this panic selling and they are just dumping it on this "breaking" news.
I think its all about not being the bag holders.. Everyone is on edge.. and any small thing will cause big volatility which obviously it did. You don't want to be the last one running out of a burning building on fire crying why me..
There are those who know, and there are those who don't know.
  • #366,774
  • Mar 3, 2014 12:19pm Mar 3, 2014 12:19pm
Quoting Trader88q
Russian crysis is long term effect. It will not solve in one of few days. It can take at least 2 to 10 weeks. So on the GU will drop at least to 6000
We still got 2 GBP Fundamental coming out today and tomorrow. They are already forecasted lower.. now if they come even below this exceptions. Construction and Service.. That will even soften GBP more... So I see a break below 1.6600 if the Data supports lower then expectation.

Like I said a few days ago, you have to be rational.. There was always more room to the downside then the upside.. Its just common sense! With Risk on EU.. The Downside is attractive because it can always go back up again later.. Right now its the safe approach.
There are those who know, and there are those who don't know.
  • #366,775
  • Mar 3, 2014 12:20pm Mar 3, 2014 12:20pm
Quoting fx-trader777
I smell sell off too around 200 pips downside move not today but from this point during next few days
65 would be nice
In trading, you have to be defensive and aggressive at the same time
  • #366,776
  • Mar 3, 2014 12:20pm Mar 3, 2014 12:20pm
http://www.foxnews.com/world/2014/03...es-to-respond/
  • #366,777
  • Mar 3, 2014 12:20pm Mar 3, 2014 12:20pm
Quoting palabara
{quote} I think its all about not being the bag holders.. Everyone is on edge.. and any small thing will cause big volatility which obviously it did. You don't want to be the last one running out of a burning building on fire crying why me..

Today there was a news, that China told US that if they keep pressure on Russia they will demand debt repayment in gold, not in USD. Markets did not react, but this news is much more significant than Ukrainian crisis.
  • #366,778
  • Mar 3, 2014 12:23pm Mar 3, 2014 12:23pm
Quoting Maks
{quote} Today there was a news, that China told US that if they keep pressure on Russia they will demand debt repayment in gold, not in USD. Markets did not react, but this news is much more significant than Ukrainian crisis.
Lets be realistic.. Lets just think common sense.. Lets you and me.

I owe you Money.

You come to me and be like if you don't stop bullying the kids in the playground.. I want my money back in Gold.

I'm going to look at you and be like what if I don't comply?! What are you going to do?!

lets put this on a bigger scale.. Because China makes demands.. What are they going to do?! Don't take U.S debt anymore.. NOPE -- They need U.S and this stage they need it very badly!

Their economy is constricting and if they say No U.S then they will collapse. Its just blowing smoke to show Russia they are on their side.. but its all smoke and no fire.
There are those who know, and there are those who don't know.
  • #366,779
  • Mar 3, 2014 12:26pm Mar 3, 2014 12:26pm
Closed EU and NU shorts in nice profits
and added more shorts on GU
Now just got 14 shorts on GU
In trading, you have to be defensive and aggressive at the same time
  • #366,780
  • Mar 3, 2014 12:26pm Mar 3, 2014 12:26pm
Quoting palabara
{quote} I think its all about not being the bag holders.. Everyone is on edge.. and any small thing will cause big volatility which obviously it did. You don't want to be the last one running out of a burning building on fire crying why me..
So Russia not "launching assault on Ukraine" as this FF news article below put it would actually make EU/GB a burning building?

http://www.forexfactory.com/news.php?do=news&id=473627

See this is the part that I don't get. EU/GB and the rest of the West is such hypocrite. When Russia does get involved, they persecute Russia for being totalitarian and this and that and when Russia stays out of the trouble, they all think it's a crisis and no doubt will probably blame Russia on this one. Ukraine is NOT part of Russia anymore. It's an independant country and it practices FREE DEMOCRACY. WHY would Russia want to get involved in s*** that's not even in its own country?

Whatever at least I didn't lose any pips over this neurotic market. And they say women are emotional!
Make your losses in demo. Earn your profits live.
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