Cable Update (GBPUSD)
- #417,922
- Edited Aug 6, 2015 12:06am Aug 5, 2015 11:47pm | Edited Aug 6, 2015 12:06am
- Joined Feb 2012 | Status: Trader | 21,377 Posts
With ZERO % inflation raising rates is oxymoron.
Unless UK wants to go back to recession this is just not smart and same applies to Yellen blubbering about rates.
Lets see China on verge of meltdown,Australia,New Zealand,Canada,Euro zone are in slumbers and logically one might like to ask Carney and Yellen
Who the FK you are going to sell to?If everyone around you is broke and sinking deeper in a hole.
Thanks to Yellen Canadian Economy is going down the drain. Cheap oil shattering steel,manufacturing,oil industry to pieces and replacing with part time Walmart jobs.
Thanks Yellen!!!
This goes even deeper
The green energy movement in America is dead. May it rest in peace. No, a majority of American energy over the next 20 years is not going to come from windmills and solar panels. One important lesson to be learned from the green energy fad’s rapid and expensive demise is that central planning doesn’t work.
What crushed green energy was the boom in shale oil and gas along with the steep decline in the price of fossil fuel that few saw coming just a few years ago.
An International Energy Agency report concedes that green energy is in fast retreat and is getting crushed by “the recent drop in fossil fuel prices.” It finds that the huge price advantage for oil and natural gas means “fossil plants still dominate recent [electric power] capacity additions.”
http://www.washingtontimes.com/news/...d-to/?page=all
Ironically liberal left who elected Obama and Yellen are sourly hurting now.
Not hearing much from LL
Unless UK wants to go back to recession this is just not smart and same applies to Yellen blubbering about rates.
Lets see China on verge of meltdown,Australia,New Zealand,Canada,Euro zone are in slumbers and logically one might like to ask Carney and Yellen
Who the FK you are going to sell to?If everyone around you is broke and sinking deeper in a hole.
Thanks to Yellen Canadian Economy is going down the drain. Cheap oil shattering steel,manufacturing,oil industry to pieces and replacing with part time Walmart jobs.
Thanks Yellen!!!
This goes even deeper
The green energy movement in America is dead. May it rest in peace. No, a majority of American energy over the next 20 years is not going to come from windmills and solar panels. One important lesson to be learned from the green energy fad’s rapid and expensive demise is that central planning doesn’t work.
What crushed green energy was the boom in shale oil and gas along with the steep decline in the price of fossil fuel that few saw coming just a few years ago.
An International Energy Agency report concedes that green energy is in fast retreat and is getting crushed by “the recent drop in fossil fuel prices.” It finds that the huge price advantage for oil and natural gas means “fossil plants still dominate recent [electric power] capacity additions.”
http://www.washingtontimes.com/news/...d-to/?page=all
Ironically liberal left who elected Obama and Yellen are sourly hurting now.
Not hearing much from LL
In trading, you have to be defensive and aggressive at the same time
{quote} well it works for me, closed my short after holding it over a year {image}
preference seems higher today for a sell tomorrow but hey who knows what plans these muskrats got up their sleeves today
- #417,930
- Aug 6, 2015 1:55am Aug 6, 2015 1:55am
- Joined Dec 2013 | Status: Trader | 19,815 Posts
{quote} nice way of looking at the situation today - so we all Buy yes
- #417,931
- Aug 6, 2015 1:57am Aug 6, 2015 1:57am
- Joined Dec 2013 | Status: Trader | 19,815 Posts
{quote} but then how u gonna learn if u aint in with the big crowd ;-) ouch
{quote} not going to be easy today i am not even trading sl and change today as i think that method could be a lose as whipping may be n the cards unless one has a 100 pip sl, ok at 1 a pip , but not at 21 a pip, ny sl is now on the open,
- #417,933
- Aug 6, 2015 2:00am Aug 6, 2015 2:00am
- Joined Dec 2013 | Status: Trader | 19,815 Posts
GBP been going up on hype for so long. As if the UK is relevant in any way shape or form. It's a worthless currency and this uptrend on GBP xxx will end badly soon enough. For now though, it's a strong trend.... so we all would be better off buying the dips in gbp xxx. Until of course, this complete charade and utter joke of GBP strength is through.... gl.
Fred Astaire said the same about Ginger Rodgers u know oh yes he said As if YOU are relevant in any way shape or form and she replied but darling we are a team there is not one without the other no matter what people think or how well we dance - and there endeth the lesson
Gonna sell this puppy.
Fishng boat gig today so laters comrades.
- #417,936
- Aug 6, 2015 2:15am Aug 6, 2015 2:15am
- | Commercial User | Joined Oct 2012 | 3,968 Posts
{quote} Fred Astaire said the same about Ginger Rodgers u know oh yes he said As if YOU are relevant in any way shape or form and she replied but darling we are a team there is not one without the other no matter what people think or how well we dance - and there endeth the lesson
- #417,938
- Edited 2:48am Aug 6, 2015 2:20am | Edited 2:48am
{quote} Fred Astaire said the same about Ginger Rodgers u know oh yes he said As if YOU are relevant in any way shape or form and she replied but darling we are a team there is not one without the other no matter what people think or how well we dance - and there endeth the lesson
As a trader there is no point IMO saying a currency is worthless especially the GBP, we could say that about the USD, national debt approaching 19 trillion real numbers say its already over 20 trillion. It would be better to say all fiat currency is crap and just not trade
As soon as a trader starts looking at currencies as crap they are already biased on a directional move, the downfall of a good trader........... We are chartists nothing more, we trade what we see on the charts, news to me is garbage, while it may move a currency against the trend in the short term that larger trend no matter the news will always take over.911 - US moved higher weeks after - The Greece problem - did it make lower lows through all that, no it didnt, why because institutional sellers already have orders placed and are currently protecting the lows and profit taking from the highs a year ago, its all supply and demand nothing more in the long term
I am Canadian have been all through the states and now live in the UK, I can show you places in the USA where people are living without power, windows, running water, living in a burnt out shell of a home, I dont see that in the UK and I definitely have never seen that in Canada.
{quote} Really no point in selling because they rarely ever let GBP come down. It's against the central banker playbook for years now. Only when the EURO crashed 30% did it come down. Probably better to wait for a big spike to sell, or wait for a big sell to buy. These guys are huge thieves so be careful today.
{quote} As a trader there is no point IMO saying a currency is worthless especially the GBP, we could say that about the USD, national debt approaching 19 trillion real numbers say its already over 20 trillion. It would be better to say all fiat currency is crap and just not trade
but great analogy hombre.