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Cable Update (GBPUSD)

  • #441,561
  • Sep 28, 2016 3:06am Sep 28, 2016 3:06am
Quoting chiny-fx
{quote} Thats crazy - i have a company, self employed why dont they prop me up with tax payers money - shows how little our leaders know about how to run an economy
Like the GFC, why didn't the US Fed just payout all those defaulted loans and save hundreds of thousands of families from a ton of grief? Would have put a rocket under US economy and never have gone into a deep recession.
Instead they gave all that money to the Banks who 'Mustn't fail' and what did the bankers do with some of that money? They gave themselves bonuses for screwing the world economy.
That shit couldn't be dreamed up but as they say truth is stranger than fiction....
Don't Leave Money on the Table
  • #441,562
  • Sep 28, 2016 3:15am Sep 28, 2016 3:15am
Be AWARE - true story - took an old mate to lunch when i was in the UK.
He lost his job after a few years of total loyalty to his company.
The Government said he could claim 70 pound weekly this was to help him, but in return he had to work 8 hours DAILY at a charity sorting old donated clothes. If he did not attend this daily he would not get any help whatsoever. If he missed any days for no reason he would be sanctioned and loose his money.

BE AWARE - very aware of whats going on. Least i could do was buy him lunch.
  • #441,563
  • Sep 28, 2016 3:17am Sep 28, 2016 3:17am
hmm whether to add here or not
  • #441,564
  • Sep 28, 2016 3:17am Sep 28, 2016 3:17am
Dodgy trading day, I'm off for a game of golf in the pissing rain
Striving for consistency
  • #441,565
  • Sep 28, 2016 3:22am Sep 28, 2016 3:22am
Quoting dean1star
{quote} Its a form of quantative easing - primarily to boost the private sector. Corporate bonds might be car makers - rolls royce as an eg - even stuff like thames water which these days are utilities. Its main aim is to add some weight to the private sector. Guess you might say they look after their own when they choose too. Depending on where you lodge of course ..
Cheers for that...

Did your mate get back on his feet yet?
Don't Leave Money on the Table
  • #441,566
  • Sep 28, 2016 3:22am Sep 28, 2016 3:22am
Quoting Wdfx
Dodgy trading day, I'm off for a game of golf in the pissing rain
- isnt that why they invented the club house for days such as this.
  • #441,567
  • Edited 3:55am Sep 28, 2016 3:35am | Edited 3:55am
Cable jumping around all over the shop at the moment but I still think it will head south for a while, down to 2950 so I have a sell at 3001, was going to wait until under 2990 but confident it will go down from here....see how goes..

200 ema supporting price at 2979 on 15 minute chart thou so have to keep an eye on that area if it continues down from here

Also I expect more upside, not shorting because I'm biased to downside, just grabbin some pips if I can....
Don't Leave Money on the Table
  • #441,568
  • Sep 28, 2016 3:54am Sep 28, 2016 3:54am
Quoting OnlineAddict
{quote} I explained my reasons last week...I was long biased from 2915-2930, when everybody started to panic and thought GU will drop to 2700. Best time to buy when people panic.
Real talk broh,
  • #441,569
  • Sep 28, 2016 3:56am Sep 28, 2016 3:56am
Quoting Don96
hmm whether to add here or not
Don't be scared broh, but be patient to get a good spot at 2970-77.
  • #441,570
  • Sep 28, 2016 3:58am Sep 28, 2016 3:58am
EU is getting a smackdown, gooosh! Wats happenin to EU pals? GU don't be deceived to join ur frends in the EU, u jus exited ,keep goin north GU. Lol
  • #441,571
  • Sep 28, 2016 4:04am Sep 28, 2016 4:04am
Quoting yuddy
EU is getting a smackdown, gooosh! Wats happenin to EU pals? GU don't be deceived to join ur frends in the EU, u jus exited ,keep goin north GU. Lol
There has been a 'Risk on' market last two days and Equities and riskier assets are bought and safe haven instruments get sold off.....

'Risk Off' days the riskier assets get sold off and safe haven assets get bought...

But Euro has found support at 1180...

Also Option Expiries could be affecting Eur/Usd too...
http://orders.forexlive.com/!/option...-sept-20160928
Don't Leave Money on the Table
  • #441,572
  • Sep 28, 2016 4:05am Sep 28, 2016 4:05am
Quoting yuddy
EU is getting a smackdown, gooosh! Wats happenin to EU pals? GU don't be deceived to join ur frends in the EU, u jus exited ,keep goin north GU. Lol
EU just broker north... what EU you looking at?
  • #441,573
  • Sep 28, 2016 4:27am Sep 28, 2016 4:27am
Quoting Don96
{quote} EU just broker north... what EU you looking at?
On H4 1230 could be anoda resistance for EU, dis pair is in dispair I guess. Halbot just posted some findings, it sounds like EU may wanna try 1180 coz this pair is officially driven by some big gamers not economic forces. Oh well, wateva you doing EU don't carry GU along, cos GU is heading for the sky, can't burst it's shine. Lol
  • #441,574
  • Sep 28, 2016 4:29am Sep 28, 2016 4:29am
Quoting HaLBot
{quote} There has been a 'Risk on' market last two days and Equities and riskier assets are bought and safe haven instruments get sold off..... 'Risk Off' days the riskier assets get sold off and safe haven assets get bought... But Euro has found support at 1180... Also Option Expiries could be affecting Eur/Usd too... http://orders.forexlive.com/!/option...-sept-20160928
I suspect big gamers on the prowl, this ain't no economic move! This pair could head for 1180 again.
  • #441,575
  • Sep 28, 2016 4:30am Sep 28, 2016 4:30am
Quoting markenglandd
So since the CBI Realized came out at -8 instead of 8 predicted, why did the GBP show stronger?
CBI Realised is a low impact news event and if it had come out on a day when the markets were looking for a reason to sell off the pound it would have done so.
There are days when markets just shrug of bad news and yesterday was one of those days due to the 'Risk On' market environment. Risk on means riskier assets are bought and Cable is one of those riskier assets.

So when the dow rises traders are taking money out of safe haven assets to but stocks and because US companies are global this has a positive effect on Cable so it gets bought too.

Don't be too concerned if a bit of data comes out that doesn't move price, more important to know and understand what is driving the market on any given day....hence the saying, 'Trade What You See'

Trading Bias can really screw you up, believing price has to head a certain way, my biggest loses have been because of trading bias...
Don't Leave Money on the Table
  • #441,576
  • Sep 28, 2016 4:37am Sep 28, 2016 4:37am
The official challenge for the space flight of GU is the 3030 zone. Gravity is quite strong there, of course we know physics, Lol. This pair burnt some heavy fuel to break off the 29xx area, its still gonna need some fuel to be burnt to enter stage 2 flight. All bull traders keep praying for GU. Lol
  • #441,577
  • Sep 28, 2016 4:37am Sep 28, 2016 4:37am
Quoting yuddy
The official challenge for the space flight of GU is the 3030 zone. Gravity is quite strong there, of course we know physics, Lol. This pair burnt some heavy fuel to break off the 29xx area, its still gonna need some fuel to be burnt to enter stage 2 flight. All bull traders keep praying for GU. Lol

I'm praying I'm Praying....
Don't Leave Money on the Table
  • #441,578
  • Sep 28, 2016 4:46am Sep 28, 2016 4:46am
2988 short target 2950
  • #441,579
  • Sep 28, 2016 4:48am Sep 28, 2016 4:48am
Quoting pointlessfor
2988 short target 2950
Gives me faith
  • #441,580
  • Sep 28, 2016 4:50am Sep 28, 2016 4:50am
Quoting Don96
{quote} Gives me faith
m15 HS
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