eur/usd Euro seek support from the pink line. {image} This would mean the possibility of extending the range above 4160 ... {image}
"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar
Cable Update (GBPUSD)
- #372,341
- Apr 17, 2014 4:10am Apr 17, 2014 4:10am
- Joined Aug 2011 | Status: Trader | 4,005 Posts
- #372,342
- Apr 17, 2014 4:13am Apr 17, 2014 4:13am
- Joined Mar 2009 | Status: Trader | 25,480 Posts
{quote} how u been bro? {quote} thank u brother!!
I don't want to interfere with all the love going on in this thread today...hehe
Good to see you too bro. 
Ghost Rider - WWTBMD?
- #372,343
- Apr 17, 2014 4:14am Apr 17, 2014 4:14am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
- #372,345
- Apr 17, 2014 4:14am Apr 17, 2014 4:14am
- Joined Aug 2011 | Status: Trader | 4,005 Posts
{quote} NO Support is at 6828. Openings 6830. This means support. Price should not fall below 6828 in the next 4 hours. {image}
"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar
- #372,348
- Apr 17, 2014 4:16am Apr 17, 2014 4:16am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
{quote} Tough couple years brother. Let's just say I understand caring for mom ... since May 2012. The rest can be PM if you wish. I don't want to interfere with all the love going on in this thread today...hehe
i know buddy..u always have been a caring soul and i know that mother thing is something which really hits home with ya
soon we will catch up ..right now i have to get ready to go bloody work
- #372,350
- Apr 17, 2014 4:18am Apr 17, 2014 4:18am
- Joined Mar 2009 | Status: Trader | 25,480 Posts
{quote} i know buddy..u always have been a caring soul and i know that mother thing is something which really hits home with ya soon we will catch up ..right now i have to get ready to go bloody work
... my thread is ok too bro. Have a good day. Ghost Rider - WWTBMD?
- #372,353
- Apr 17, 2014 4:29am Apr 17, 2014 4:29am
hello everybody, I usually trade jpy pairs but here I just couldn't resist and entered short at .6828 during Asian session. why? technically it cries for correction but most important for me is r/r ratio. fundamentally the picture says a lot. it's from 2012 but I don't think that it is much different today. and another fact which is rarely mentioned here - the gbp percentage in SDR (special drawing rights) is expected to shrink during the reset in January 2015. according to this analyses there is real expectation that export oriented countries, especially China would ask much bigger role and % in this system. this would be beneficiary for USA&China - USA gets stronger yuan, China gets a bigger slice in the intern.monetary action for the yuan. and europeans? they wouldn't complain about the possible marginalization of the pound. it is reasonable that everyone would welcome SDR which is composed of the currencies of the strong exporters and I don't see UK here. This, together with the % of the external debt gives me some other picture than the one at the trading station. To resume, if this % of ext.debt is real and if this scenario about the gbp role in SDR occurs in 2015, maybe the cable is disaster waiting to happen. of course there were more good than bad numbers from the UK economy during the last several months but this two fundamental reasons for selling the cable are more powerful (for me). there's a good chance to lose this trade, it's clear uptrend after all but the loss would be small and not painful. but if I really entered at the top, there's the story for telling to grandchildren..one day
"The secret of politics? Make a good treaty with Russia." Otto von Bismarck
- #372,356
- Apr 17, 2014 4:36am Apr 17, 2014 4:36am
hello everybody, I usually trade jpy pairs but here I just couldn't resist and entered short at .6828 during Asian session. why? technically it cries for correction but most important for me is r/r ratio. fundamentally the picture says a lot. it's from 2012 but I don't think that it is much different today. and another fact which is rarely mentioned here - the gbp percentage in SDR (special drawing rights) is expected to shrink during the reset in January 2015. according to this analyses there is real expectation that export oriented countries,...
A word to the wise ain't necessary - it's the stupid ones that need advice
- #372,357
- Apr 17, 2014 4:36am Apr 17, 2014 4:36am
- Joined Apr 2011 | Status: Free Palestine.. | 1,567 Posts
If skills could be acquired by watching, every dog would be a butcher. Turk
- #372,358
- Apr 17, 2014 4:49am Apr 17, 2014 4:49am
{quote} Prepare to get a shitload of shit...you said the word short! Loads of windowlickers here
well, I cannot blame anyone in long position here, the trend is your friend and following this you'll be wrong only one time, when real swing happens. picking the bottoms and tops is much more difficult but there's one french punk rock (relatively unknown) band called "no guts, no glory"
. the name says about my strategy here. after all, blaming someone for short or long position is not valid, nobody knows where this is headed to. maybe 1.9 or 1.10 , who knows.. it's all about the R/R ratio and money management, everything else is guessing. if fibonacci, EW, MA's really works for 100% of time, there would be no fx trading, one big bank would suck all the money in the world.
"The secret of politics? Make a good treaty with Russia." Otto von Bismarck
- #372,359
- Apr 17, 2014 4:50am Apr 17, 2014 4:50am
- Joined Dec 2013 | Status: Trader | 19,815 Posts
{quote} what really worries me is that fake tan too.. still long
- #372,360
- Apr 17, 2014 4:56am Apr 17, 2014 4:56am
- Joined Aug 2011 | Status: Trader | 4,005 Posts
{quote} all right. A little more than me. If the year is 256 days, then one quarter is 64 days. Then it turns out that the new start of the quarter is exactly friday. And it can be reversal day. {image} {image}
30.03.2014
17.04.2014
"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar