British Pound Avalanche
Historic times have visited the British Pound Sterling.
Once again, this currency is under attack by powerful financial forces.
But, was this really as big a surprise as it will undoubtedly be presented as in the media today or could we have anticipated it earlier and taken advantage of it with Patience instead of panic?
Here’s the truth about it:
Today’s collapse was predictable on a trend basis many weeks ago.
The specific hour or day only remained to be displayed by the price action on the charts. But, the trend downward was inevitable and seen by those with the means to see the real underlying daily trend.
Alas, A Further Fall From Greatness
The daily chart foretold the direction quite some time back.
With short rallies to the upside, the trend downward was relentless in it’s march.
You don’t often see daily price moves like today’s.
But, the truth is, that the Pound’s value has been relentlessly chipped away at and those small incremental losses have added up to far more than today’s dramatic and noticeable short-term movement in price devaluation.
It happened fast.
Only trend following could have put you into today's action before it happened.
The chart below is a 15-min candlestick chart of the GBP/USD.
Obviously, this is an organized attack on the British Pound by hedge funds.
It has been done before by names like George Soros and his famous ‘break the Bank of England’ play years back.
I wouldn’t count him out of the play this time around either as he’s infamous for this sort of activity.
They still hate him in Southeast Asia after he destroyed their economies and currencies awhile back.
The short point here is that, without blood-ties or secret handshakes, you or I are not going to be privy to these type of dramatic events.
We have to use alternate means to ferret out the upcoming events that are planned for the markets.
We have one principle advantage in that regard and that is:
What follows is for MONEY TIGER GROUP MEMBERS EYES ONLY:
[If you wonder what members are seeing right now that you aren't, just click on the 'Golden Ticket' over on the right margin and Join right now.
There's no obligation and it's completely FREE.
That's right, FREE.]
Member Only access begins here:[Content protected for members only]
But, whatever your market of interest, I’d suggest that we’re in for many more dramatic movements in price in every market globally.
But, Trend can be our friend and provide us with some sense of direction and purpose if we’re just willing to step back a little to see the ‘forest from the trees’.
Looks like a great start to the week for the markets. Stay tuned. – George
Legal Disclaimer: The content on this site and articles are provided as general information only and should not be taken as investment advice. All information on this site is given for educational purposes only.
The content on this site is provided without any warranty, express or implied. All opinions expressed on this site are those of the author and may contain errors or omissions.
NO MATERIAL HERE CONSTITUTES “INVESTMENT ADVICE” NOR IS IT A RECOMMENDATION TO BUY OR SELL ANY FINANCIAL INSTRUMENT, INCLUDING BUT NOT LIMITED TO STOCKS, OPTIONS, FOREX, BONDS OR FUTURES.
The Money Tigers Group © 2011
Tags: WD Gann, stock market prediction, gold traders
The Excalibur Method, gold price predictions, timing the markets, money tigers, trading education, gold price charts, e mini trading, technical analysis
Post Footer automatically generated by Add Post Footer Plugin for wordpress.
Leave a Reply
