Cable Update (GBPUSD)
{quote} if you mean indices like INDU or HSI they are out of control, volatilty is superhigh now and dangers are big as they dont like to retrace, look at Hang Seng Index, today fell like 250 points, then went up like 500 poins almost in straight line 30 last minutes, no indicator worked.
{quote} Nice call dude, gonna start trading the Hang Seng......there was LOADS of support at 22100
{quote} Each time it shows divergence to the bear side... it just gives a minor pull-back and then stumbles on North. The loss of volatility here speaks to the amount of central bank intervention to maintain price stability I dusted off the dustbin strat for this reason. We need some major event to move the volatility level back ....The market is beginning to look... Efficient -> trader death
{quote} its a tough market nothing is easy accept for buying low and riding it high but where the correction is likely due is tough to see the first thing needed now is break below the previous monthly high...probably need US news for this knowing this market it is waiting for non farm
{quote} its a tough market nothing is easy accept for buying low and riding it high but where the correction is likely due is tough to see the first thing needed now is break below the previous monthly high...probably need US news for this knowing this market it is waiting for non farm
{quote} Maybe it's just me but, lately it seems bad news dollar down, good news dollar down. I'm not holding my breath on US news to do anything but provide some spikes possibly.
{quote} look like being USD bull turn to be a very bad idea. Euro bulls become rich in 1 Hour spike from 1.37 to 1.38 , USD bulls make money like in 2 days for the USD to go from 1.38 to 1.3720 then bang 1.3870 and the history goes on.... something is bitting hard the USD.
{quote}I think PA must retest .685 - .690 area if it really want to go down..
1,6825, if they wont sell it and break last week low, it will be hard for bears, If news is bad and then after release you can see buyers it is always sign of still strong trend, fx 101 so to speak Just hit mid as I am writing
{quote} Being from the US, I haven't been a dollar bull for quite some time now. Current powers that be seem bent on bringing this country to it's knees.
{quote} Maybe it's just me but, lately it seems bad news dollar down, good news dollar down. I'm not holding my breath on US news to do anything but provide some spikes possibly.
{quote} yes, Bush doubled the national debt to $8 trillion, now Obama has done same to $16trilliuon + and it is expected to go to $24trillion unless Ron Paul gets in lol....they should teach exponentiality to all high school students the world over...unfortunately a lot of western economies are at the wrong end of the exponentiality curve. The break up of the U.s.a under the weight of it's debts and/or a debt default is a very real possibility in our lifetimes...unless they sort out their differences re tax/spending best wishes....
Not even sure Ron Paul could withstand the "owners" of this government and their plan at this point. But I don't think we'll ever get to know. He has about as much chance of becoming the next puppet as I do of becoming a millionaire on GU in the next 15 minutes. trying to push through 6804 if it does load it short
Just hit mid as I am writing
{quote} yeah i know buddy..the dollar somehow i always have faith in it and the minute i do..i always get it..remember a time i said i hate selling cable but buying it i have no problem ..all this just reinforces it
{quote} wait for the high of previous monthly to become resistance and we should a primed to fall if i was a day trader today target 1.67 (over 2 days)
