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Cable Update (GBPUSD)

  • #368,381
  • Mar 15, 2014 4:14am Mar 15, 2014 4:14am
"Further GBP strength are not helpful for U.K. exports".-said Western Union.
  • #368,382
  • Mar 15, 2014 4:18am Mar 15, 2014 4:18am
BOE's Bean in speech warned that further sterling strength wouldn't be particularly helpful for U.K. exports.
  • #368,383
  • Mar 15, 2014 5:58am Mar 15, 2014 5:58am
Quoting Suffo
{quote} out be
Attached Image (click to enlarge)
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suffo i had to go out i knew the move was on and i missed the reload ,, i am in thou but missed my chance hope you ok gl
  • #368,384
  • Mar 15, 2014 6:12am Mar 15, 2014 6:12am
Quoting shon9178
{quote} whoa ! in what blazes chart ?~ hope it zigzags down, not just straight down. and what the heck is wrong with the market? is the ukrain war really that big of a deal?........ geesh..
It was just a question. These were the only two criteria.
Was impaired "top" criterion and the price has reached 6653.

Attached Image (click to enlarge)
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"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar
  • #368,385
  • Mar 15, 2014 6:19am Mar 15, 2014 6:19am
you guys got some weird charts
  • #368,386
  • Mar 15, 2014 6:23am Mar 15, 2014 6:23am
Reading about other traders thoughts as a new fellow one thought is do bulls and bears really exist, in that it seems to me that really they are both the same it is just that they change their ident when it suits them, we still use the old saying bulls and bears, but surely it is the same market players with the best computerised systems, point their systems in one direction then the other, looking at the cable, it now seems apparent that the modus operandi is pretty much to buy back what you buy and then buy back what u sell regardless of any direction, only when news comes into play and it favours that chosen direction of the manipulators of the market, other traders say oh no it is fundamentals, but i say this as a new fellow that it self evident that if this were a football match, or a game of cricket the words unfair advantage would or could be used.. i just believe that bulls and bears are one they change their suits when it best suits em..
  • #368,387
  • Mar 15, 2014 6:30am Mar 15, 2014 6:30am
Quoting PoundTrader
you guys got some weird charts

lol, just kidding guys.

But when I look at the broken TL on the weekly Euro chart, and hear how the Chinese have for a while now been aggressively diversifying out of their US debt holdings in exchange for Euros, then I look at Condors bearish USD chart, I get a bullish Cable sensation.

The blue line I think is the line in the sand.
Will have to wait and see.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: gbpusdh4.png Size: 24 KB
Come with me if you want to live....
  • #368,388
  • Mar 15, 2014 7:20am Mar 15, 2014 7:20am
GBP/USD
Price made ​​provocation below 1.6580 and went back into the zone of accumulation volumes 1.6600-6750. Entry points is not, but the upward trend in the region 1.6880-7045 saved.

http://ic.pics.livejournal.com/deas8...201840_900.png
  • #368,389
  • Mar 15, 2014 11:02am Mar 15, 2014 11:02am
nice chart I was just about to copy it but noticed the red writing lol


Quoting Deas
GBP/USD Price made ​​provocation below 1.6580 and went back into the zone of accumulation volumes 1.6600-6750. Entry points is not, but the upward trend in the region 1.6880-7045 saved. {image}
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #368,390
  • Mar 15, 2014 11:16am Mar 15, 2014 11:16am
With the situation in Crimea getting worse the day before the vote. And, I believe the vote outcome will be a yes for Crime to join Russia, the US and EU will not be happy. Tension will rise. IMO, the demand for save haven will rise and the market will overreact and send GBPUSD down in the medium term. Nevertheless I believe GBPUSD will continue up when the market has cool down
  • #368,391
  • Mar 15, 2014 12:07pm Mar 15, 2014 12:07pm
http://www.cbc.ca/m/touch/world/story/1.2574094

I think tomorrow's vote will trigger a chain of political unrest, beginning with the veto from Russia about the "illegal" vote and China's abstain. I would think that these two powerful countries have something planned. Isolation of Russia does not mean that Russia is alone. They still have China as a powerful ally. With these in mind, I'm struggling to see how GBPUSD will continue up soon. Reason being, in a situation of political unrest the market seems to see GBP as a risky currency and tend to switch to "safe haven" JPY, USD and gold. Perhaps, I will stay away from GBP and switch to easier pair, XAUUSD
  • #368,392
  • Mar 15, 2014 9:02pm Mar 15, 2014 9:02pm
i see 1.63 coming ?
  • #368,393
  • Mar 15, 2014 9:08pm Mar 15, 2014 9:08pm
UK Economy is in trouble !!! Too much manipulation and they destroy their own economy

Correct it or die ....!
Attached Image (click to enlarge)
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not euphoria follower
  • #368,394
  • Mar 15, 2014 9:34pm Mar 15, 2014 9:34pm
Quoting iqyu5an
UK Economy is in trouble !!! Too much manipulation and they destroy their own economy Correct it or die ....! {image}
this I agree~~
The mean rate is viewed at 1.59 ~ 1.62
Right now it's too high.
  • #368,395
  • Mar 15, 2014 9:56pm Mar 15, 2014 9:56pm
The higher the debt-to-GDP ratio, the less likely the country will pay its debt back, and more likely the country is to default on its debt obligations.


Inserted Video


Quoting shon9178
{quote} this I agree~~ The mean rate is viewed at 1.59 ~ 1.62 Right now it's too high.
Attached Image (click to enlarge)
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not euphoria follower
  • #368,396
  • Mar 15, 2014 10:16pm Mar 15, 2014 10:16pm
Quoting iqyu5an
The higher the debt-to-GDP ratio, the less likely the country will pay its debt back, and more likely the country is to default on its debt obligations. http://www.youtube.com/watch?v=DsQVH2ceXNU {quote} {image}
Theoritically yes, fundamentally clearly that the price is too high, but for longer term technically the price still above the kumo on daily TF, based on Fibbo retracement from 1.3500 to 2.1153, the price already break 38.2 level and maybe will test 50 fibo at 1.7332, the reversal will be determine on this area even more at 61.8 % fibo.
But for lower TF sure we will find some pull back and correction but confirmation for bearish if price back under 38.2 level (1.6430)
RSi daily is 59.4. still there is a space for the price to move higher for RSI 65-70.

maybe the price will revisit 1.58xx again before going down for retrace, historically 1.527x is strong support on monthly TF

the price is in monthly supply area (1.67xx-1.7xx), if the price break this area the price will flying high.

But i am daily trader, do not care wherever the price will going, up or down i will adapt it and trying find good position in lower TF.
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  • #368,397
  • Mar 15, 2014 10:32pm Mar 15, 2014 10:32pm
She just dance and bounced in given historical bold number http://www.forexfactory.com/attachme...1&d=1393904666 . a surprise ? nooooooooooo at all !!!!!!!!!!!!!!! that's normal !!! it's just a show time




Quoting iqyu5an
The higher the debt-to-GDP ratio, the less likely the country will pay its debt back, and more likely the country is to default on its debt obligations. http://www.youtube.com/watch?v=DsQVH2ceXNU {quote} {image}
not euphoria follower
  • #368,398
  • Mar 15, 2014 11:11pm Mar 15, 2014 11:11pm
Quoting iqyu5an
The higher the debt-to-GDP ratio, the less likely the country will pay its debt back, and more likely the country is to default on its debt obligations. http://www.youtube.com/watch?v=DsQVH2ceXNU {quote} {image}
And with the US Govt debt at 101 percent of GDP, it's not looking good.
Come with me if you want to live....
  • #368,399
  • Mar 15, 2014 11:42pm Mar 15, 2014 11:42pm
I just cant imagine powerful countries like US and UK default. Even if they do, it wont matter anymore since the world is going to end when it happen
  • #368,400
  • Mar 15, 2014 11:50pm Mar 15, 2014 11:50pm
Quoting grandia
I just cant imagine powerful countries like US and UK default. Even if they do, it wont matter anymore since the world is going to end when it happen
?

How do you define a default?
The Thief of Wall Street
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