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Cable Update (GBPUSD)

  • #374,961
  • May 1, 2014 5:27am May 1, 2014 5:27am
Quoting Ryan3645
{quote} Well at the moment the economy within the US is recovering but a very low USD will make expensive for the US banks to borrow from other banks also it is very expensive to import for the US having a very low USD. Therefore it is important that the US FED maintains an equilibrium in demand and supply. Also the FED needs to decrease borrowing from individuals as this could spiral out of control and something similar could happen when the NINJA loans were sold in the US. To do so they have to increase the interest rate, it might hurt in the...
Obviously you know far more about it all than I. As I said, I'm not much of a news guy. I agree 100% with everything you said except "the US economy is recovering". Perhaps in a very small way on a very large macro scale but living here, it sure don't show any signs of things "improving".

I suppose given the scale of the mess, things will have to get worse before they can get better.
Ghost Rider - WWTBMD?
  • #374,962
  • May 1, 2014 5:29am May 1, 2014 5:29am
Quoting elbert3
{quote} sell again 6908 ,, its going down
just got a call from capital spreads ,, they said thanks for the commission's this morning ??? 7 trades ??? Tea time and wait for the money to come in ,, positive thinking , there would of been a lot of sellers out there
  • #374,963
  • May 1, 2014 5:29am May 1, 2014 5:29am
Quoting elbert3
{quote} got a 9278 sell order aususd come down with G ??
Its got to break and test 1275 then short from the test... move the odds in your favour with level breaks, they normally fake out (or test) a few times before they go unless there is an event
  • #374,964
  • May 1, 2014 5:33am May 1, 2014 5:33am
http://www.reuters.com/article/2014/...A3T0TS20140430

and 1 more

http://www.nytimes.com/2014/05/01/up...ing-short.html
  • #374,965
  • May 1, 2014 5:34am May 1, 2014 5:34am
Quoting elbert3
{quote} sell again 6908 ,, its going down
Look at those dustbin level of mine, your selling too soon... 69180 is the sell or buy
The dustbins were designed by Gleneagles and AllyB both much more experienced people

have a look

The Dustbin Strategy for low volatility trading... All pretty much the same thing discussed differently but 85% -> that's Gold in your pocket stuff high probability trading
Attached File(s)
File Type: doc Dustbin Trading.doc   32 KB | 340 downloads

Attached File(s)
File Type: pdf Dustbin Trading.pdf   75 KB | 367 downloads

Attached File(s)
File Type: doc Eagle eye.doc   109 KB | 284 downloads


Chart
Attached Image
  • #374,966
  • May 1, 2014 5:35am May 1, 2014 5:35am
Quoting elbert3
{quote} sell again 6908 ,, its going down
80 pips of this one same thing 20 pips 90%off
  • #374,967
  • May 1, 2014 5:35am May 1, 2014 5:35am
Quoting cat
{quote} I've been noticing it since March 2013
Its getting a bit too good too long (but the trend is the trend)
  • #374,968
  • May 1, 2014 5:37am May 1, 2014 5:37am
Quoting albchr
{quote} Obviously you know far more about it all than I. As I said, I'm not much of a news guy. I agree 100% with everything you said except "the US economy is recovering". Perhaps in a very small way on a very large macro scale but living here, it sure don't show any signs of things "improving". I suppose given the scale of the mess, things will have to get worse before they can get better.

I studied that stuff but honestly I am still learning a lot, constantly learning to be honest. But I give one big tip watch yellen closely because financial institutions expect her to give a tip about a possible rate hike and when it is likely
I wish I could time travel, I'd be "very" rich
  • #374,969
  • May 1, 2014 5:37am May 1, 2014 5:37am
Quoting ArekJP
http://www.reuters.com/article/2014/...A3T0TS20140430
Interesting. Thanks
Ghost Rider - WWTBMD?
  • #374,970
  • May 1, 2014 5:39am May 1, 2014 5:39am
Quoting JimmyC
{quote} Look at those dustbin level of mine, your selling too soon... 69180 is the sell or buy The dustbins were designed by Gleneagles and AllyB both much more experienced people have a look The Dustbin Strategy for low volatility trading... All pretty much the same thing discussed differently but 85% -> that's Gold in your pocket stuff high probability trading {file} {image} {file} Chart {image}
Thank you Jimmy. Some nice weekend reading.
Ghost Rider - WWTBMD?
  • #374,971
  • May 1, 2014 5:39am May 1, 2014 5:39am
Look at the EUR/USD guys seems like it met its resistance and could activate a possible bear here
I wish I could time travel, I'd be "very" rich
  • #374,972
  • May 1, 2014 5:39am May 1, 2014 5:39am
Quoting Ryan3645
{quote} Well at the moment the economy within the US is recovering but a very low USD will make expensive for the US banks to borrow from other banks also it is very expensive to import for the US having a very low USD. Therefore it is important that the US FED maintains an equilibrium in demand and supply. Also the FED needs to decrease borrowing from individuals as this could spiral out of control and something similar could happen when the NINJA loans were sold in the US. To do so they have to increase the interest rate, it might hurt in the...
u fundamental nugget u
at last now we are taking

we need a fundamentalist in here
  • #374,973
  • May 1, 2014 5:41am May 1, 2014 5:41am
Quoting Ryan3645
{quote} I studied that stuff but honestly I am still learning a lot, constantly learning to be honest. But I give one big tip watch yellen closely because financial institutions expect her to give a tip about a possible rate hike and when it is likely

what is yur take on British economy?
  • #374,974
  • May 1, 2014 5:42am May 1, 2014 5:42am
Quoting albchr
{quote} Thank you Jimmy. Some nice weekend reading.
I'm staying out of FX.

Cheers Chris

Trade safe guys...
  • #374,975
  • May 1, 2014 5:46am May 1, 2014 5:46am
Quoting JimmyC
{quote} Look at those dustbin level of mine, your selling too soon... 69180 is the sell or buy The dustbins were designed by Gleneagles and AllyB both much more experienced people have a look The Dustbin Strategy for low volatility trading... All pretty much the same thing discussed differently but 85% -> that's Gold in your pocket stuff high probability trading {file} {image} {file} Chart {image}
yes i have been watching you with them i will take a look,, for now i have been scalping 4 x lots tight sl to the 5 min 4hour rsi over sold 1 hour rsi 73 and looking to doji ,, bit to go yet 6919 was a resistance line ,,so i am looking for confluence to trade ,the 20 sits on 6878 so thats a target for me so fay this morning 20 pips x 4 minus a few as i took 90% off then pulled the 10% then 17 pips x4 , then a loss 7 pips x4 , so up on this morning putting a lot into it,,lol gl i will look at then over the weekend regards B
  • #374,976
  • May 1, 2014 5:47am May 1, 2014 5:47am
Quoting Ryan3645
{quote} I studied that stuff but honestly I am still learning a lot, constantly learning to be honest. But I give one big tip watch yellen closely because financial institutions expect her to give a tip about a possible rate hike and when it is likely
Quite frankly it all makes my head hurt. I'm just a humble carpenter/biker/trucker with a decent head on my shoulders (that could be an oxymoron actually?) but anywho, I've been told (and no offense to anyone, I've just been told) that if you put 5 economists in a room you'll get 20 different answers to the same question.

I suppose one could reason that's because there are so many "possible variables" involved in trying to figure the whole mess out. Change just one of many elements and it could change the whole picture's outcome.

That's why I simply thank God for charts. I'm a simple man.
Ghost Rider - WWTBMD?
  • #374,977
  • May 1, 2014 5:48am May 1, 2014 5:48am
Quoting Ryan3645
Look at the EUR/USD guys seems like it met its resistance and could activate a possible bear here
already in post above shot eu short gb short gold sell order waiting aud
  • #374,978
  • May 1, 2014 5:49am May 1, 2014 5:49am
Quoting nAVIN2007
{quote} what is yur take on British economy?

Well at the moment the british economy is recovering and doing quite well, thats why they want to increase the interest rate next year, but if the GB

keeps rising they announced they will not increase the interest rate. Anyway they have to increase it, jobs are booming here at the moment,

especially for graduates with a good degree , but the UK economy is closing its borders at the moment, because of all the eastern europeans

flooding in and unfortunately a lot of them take advantage of the system in the UK. London's housing market for example is one big bubble and quite

scary to be honest. Other than that, they try to bring back engineering and copy the german system. So they are doing good progress but the GBP

doesn't reflect the economy at the moment. I am myself on the GBP since 1.6700 mainly due to the BoE saying it wants the rate lower, so I hope

that by tomorrow afternoon I can exit that trade hopefully, it seems unlikely but if the non farm payrolls are very positive than we can see some

very nice movement
I wish I could time travel, I'd be "very" rich
  • #374,979
  • May 1, 2014 5:49am May 1, 2014 5:49am
Quoting elbert3
{quote} got a 9278 sell order aususd come down with G ??
order filled
  • #374,980
  • May 1, 2014 5:52am May 1, 2014 5:52am
Quoting albchr
{quote} Quite frankly it all makes my head hurt. I'm just a humble carpenter/biker/trucker with a decent head on my shoulders (that could be an oxymoron actually?) but anywho, I've been told (and no offense to anyone, I've just been told) that if you put 5 economists in a room you'll get 20 different answers to the same question. I suppose one could reason that's because there are so many "possible variables" involved in trying to figure the whole mess out. Change just one of many elements and it could change the whole picture's outcome. That's...

the problem with trading is simply it is gambling..we have rules about trendlines, formation and what not but the truth is nothing in this is a definate except that the majority lose..i wonder if we would be this high up if retail majority were long???
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