4 hour Anchor

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Usdjpy daily
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4hrs
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usdchf daily
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4hrs


see my exact entry's on twitter timelessfx
 

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BEEN WATCHING THE GBPCHF FOR A WHILE AND IT HAS BOUNCED AROUND FOR A FEW DAYZ WITH LOWER HIGHS . CURRENTLY NOW PRESENTING A SELL OPPORTUNITY AT THE POSEIDON UPPER RESISITANTCE LINE.
MY COUNT IS A WAVE 3 DOWN WAVE 2 FINISHING AT 1.4967
SELLING @ 1.4916 TARGET 1 1.46300 THE N t2 1.442 STOP AT 1.49940
THERE IS A 57% CHANCE OF PRICE REACHING ITS TARGET

gbpchf 4hrs long term 21062012.jpg

HARMONIC TRIGGER

gbpchf 30min trigger long term 21062012.jpg
 
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GBP
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Timeless Fx

Twitter: TimelessFx

Net Lending to Individuals: Monday, 4:30. The indicator has been very steady in recent months, with a previous reading of 1.3 billion pounds. However, the markets are forecasting a sharp drop for this reading, down to 0.8B.
CBI Realized Sales: Monday, 6:00. The indicator sparkled in June, with a reading of 42 points. The market estimate for July is a still-respectable 18 points..
GfK Consumer Confidence: Monday, 19:01. Consumer confidence has been very weak, with a reading of -29 points in June. Little change is expected in the July reading.
BRC Shop Price Index: Tuesday, 19:01. This consumer index posted a 1.1% gain in June, and the markets will be hoping for a similar increase in July.
Nationwide HPI: Wednesday, 2:00. This housing index was a major disappointment in June, declining by 0.6%. The market forecast calls for another decline, this time of 0.1%.
Halifax HPI: 1st-8th. This index was well above the market forecast in July, and another strong release would be bullish for the pound.

Manufacturing PMI: Wednesday, 4:30. This PMI came in slightly below the 50 point line in the previous reading, and the markets are expecting a similar reading this time around.
Construction PMI:

Thursday, 4:30. Construction PMI disappointed the markets, as the previous reading falling below the 50 point line for the first time since January 2010. The market estimate for the July readings stands at 48.3 points.
Asset Purchase Facility: Thursday, 7:00. The BOE raised QE last time around to 375 billion. No change is expected this month.
Official Bank Rate:

Thursday, 7:00. Markets are expecting the key interest rate to be held at 0.50% this month.
Services PMI:

Friday, 4:30. This PMI has stayed above the 50 point level for a extended period, indicating ongoing expansion in the services sector. No significant change is expected in the July reading.
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I am bearish on GBP/USD.

Since June, GBP/USD has had difficulty holding onto any gains for an extended period. The British economy is sputtering, and investors may seek the safe haven of the US dollar if the turmoil in the Euro-zone continues.


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Timeless Fx
 
Well i think we all know the Euro will not see parity this decade so what does that tell you.!!
 
A prediction on the EURUSD from now until January 1st, 2020. That's bold.

I think parity is very possible - if the Eurozone sheds a few countries there will be chaos and uncertainty. Once people get over the shock and see that the ECB means business, I'd expect the Euro to recover and more attention to focus on the impending disaster with the US debt.
 
It's literally like a game of leap frog, it just moves from one country to another. Right now it's hard to see a time in the future when the Eurozone Crisis, or whatever Crisis is currently in Vogue isn't all over the headlines.
 
If we're really being honest here:
We talking about making a sand castle to protect us from the tsunami. The only way to stave off econimic ruin is to have infinite growth be possible, which it isn't. You can't keep printing more bills and saying to people it is valuable. We are living in a finite resources reality and capitalism is an infinite growth model. Nothing grows forever. At best, every generation hopes the regression to the mean won't happen in their lifetime. We will be forced to live within our means. That won't be fun.
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Isn't it odd that in every time of economic boom, it was debt fuelled? Or it consumed a lot of natural resources that weren't replenished, like oil and forest, essentially putting us into debt with the earth? When the economy was based on tangible items, like cattle and salt, economies grew at about the pace of the population growth. Slow and sustainable. The earth was designed for us to live in an agricultural based society where we reuse everything we can, as a matter of culture. Throwing things away can't last forever and won't last my lifetime.
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Every dollar coming from the FED or ECB is owned by the FED or ECB, then loaned to the US/Europe with interest. So $1 is owed back to the bank at $1.02. The extra two cents? It has to be borrowed from the bank. Then we pay interest on the two cents too. Never ending increasing debt to a bank. Paying credit cards with credit cards doesn't pay the debt off. It amplifies it. Hey, that can't go on forever, can it? Economists say it is possible as long as the ecnomy is growing forever. Well, nothing can grow forever and I'm surprized no one talked about that in college. Oil, food, copper, fresh water, rare earth minerals. We have a few decades of any of these left, at best. Bankers can't make fresh water get into the aquifers. They can't bail out copper mines that are empty.
The promise countries make to each other that their paper money is worth something won't matter much at that point. You can't put paper in your mouth and stay alive.
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Wishing this isn't true won't change reality. Mankind will not come together to collectively figure it out. There is nothing in history to suggest that is possible.
 
I think Europe is heading for irreversible crisis. Having a single currency called euro without single euro nation, without single entity functioning with one system for all is a recipe for catastrophe.
For it's structure to be based on political union rather then economical union was absurd . They still defend this paradoxical as they did 30 years ago:confused:
 
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