A More Meaningful Correction This Time?
After a decent correction and a break of the range earlier this week, the GPB/USD made new lows in today’s session at 1.4870 but completely reversed and made new highs 10 pips from the 1.5000 whole number.
The daily chart has a strong downtrend that recently made 2 bearish waves from 1.5815 to 1.4780. In the circle is what may be shaping up to be a FAILED 3rd bearish wave which looks to have bottomed at a higher low with today’s 1.4870 low.
While I would consider a break above 1.5000 bullish, 1.5033 is the area to watch as the 50% Fibonacci retracement level of this latest push to the downside. A break and subsequent close above this level sees the pair move back towards 1.5200 where prices topped out on at the start of this trading week.
Look at my boy Mike getting from behind to in front of the camera :) And at what better event than The Oscars to make his BlackTree debut!
B corporations is an interesting corporate entity created to address this new social business industry. I have taken an interest in social entrepreneurship since the start of 2010. Very interesting.
via Profitable do-good biz - Video - CNN Business News
Oscars Red Carpet: Mo’Nique and Mariah Carey Interviews (via blacktreemedia)
Our first time at The Oscars! Excellent coverage, excellent production BlackTree!
I woke up this morning and had the pleasure of watching my husband get ready for BlackTree’s first time at The Oscars. I tweeted that this was my first time seeing him in a tuxedo and how FINE! he looks in it. I got a bunch of replies that I should have posted a picture. So here he is on the red carpet. Looking good as hell :)
I AM SO PROUD OF HIM!
In fact, on a per capita basis, Africans are already richer than Indians
–Africa Is Becoming the New China and India - Newsweek.com
I’ve been telling my family FOR YEARS! We need to get up on it!
In the case of Chanel, the answer to navigating a choppy economy is simple: Raise prices and bring production to a pace that creates mass demand.
–via Madison Avenue Spy: Bloomies
Business models turn me on.
Do not move unless it is advantageous ~ Do not execute unless it is affective ~ Do not challenge unless it is critical - Sun Tzu
–Thought of the Day… « 50’s Blog
I remember when I found you both on Twitter. During the choppy summer of 2009. Bah! But it’s been good times and rough times and good times again trading with you 2 gentleman. The bond has certainly grown to many many more traders since then.
:)
Update on EUR/GBP
The “breach” of the 50% Fib on the above weekly chart had no mojo at all turning into a mere price probe. The 0.8813 level provided strong resistance as price made a high of only 0.8816 and has now staged a deep pullback from that high. We’ve seen strong resistance at these Fibonacci levels before from the EUR/GBP so this price action should have been expected behavior.
That bullish chart pattern on the hourly chart also held. I was fooled by the false breakout below the rectangle’s bottom at 0.8700 to 0.8686. If it had been a sustained break below there would have been a confirmation close below the bottom of the rectangle. But price immediately regained the whole number and went on to rally to a high so far at 0.8816 in the next 2 trading sessions.
Now during the Asia session, the EUR/GBP has already staged a whopping 100% retracement of yesterday’s rally with a low on the day already of 0.8764. Though price is finding support at this level, we need to be aware of what this level of retracement means and that is a reversal of the intraday uptrend.
I am staying away from this pair at the moment. EU rumors in regards to soverign debt is really affecting the euro. Also, news from the UK is due out in a couple hours (IP and BoE inflation report). I’ll be watching the 0.8813 level. If price finds resistance again at 0.8813, I will look for price to reverse from there. On the other hand, a break of this level targets former-support-turned-resistance at 0.8954.
Trade what you see folks, not what I think.
COMMON “The Light ” LIVE w/ Colbie Caillat & Zac Brown (via blacktreemedia)
Common shows just how much of a musical genius he is by orchestrating his song with musicians of other genres while on a panel, all live and spontaneously. Pure musical genius.
So enjoy yourself! Enjoy being you and how you do it. Take in the right now. For in this moment is your future, your past, and your present. You walk in it everyday already so why not LIVE. LIVE! And don’t trip.
WELL SAID.
KIMORA IS BACK!!!
Ok, this is a day of personal celebration for me. I might even declare it a national holiday. And by national I mean personal.
Kimora’s third season of Life in the Fab Lane kicks off March 21st at 9PM EST/PST on the Style Network.
Fabulousity is back, bitches. =) All hail the queen.
Via Hip Hop Helium
if your board meetings suck, whose fault is it?
–The Monster In Your Head (via fred-wilson)
Things that make you go hmm.
Via Fred Wilson Dot VCMy rule for ANY site receiving traffic from an aggregator of ANY kind is: If you believe you can create more value from the traffic you receive than potential negative branding implications plus the cost of supporting a potential competitor, then continue with the aggregator. If not, block the aggregator.
–Like Mark Cuban or not, I respect anyone who consistently tries to stay ahead of the curve. In this day and age, success is reserved for those who consistently are ahead of the curve. Be it a learning curve, a technology curve, a business curve, you must be ahead to be relevant, let alone successful.
via Why Have So Many Internet People Lost Touch With Reality ? « blog maverick
Rock ON, Mr. President! This is the man I voted for! So inspired and proud of his performance today.
Civil engagement folks! *what a concept*
Photo courtesy of The Obama I Remember | The Nation
About Me
I am a woman born to Nigerian parents, walking with God, interested in art, fashion, design yet passionate about economics, digital media, and technology.At 30, I started this site to be a collection of all that and then some forming an eclectic collection of real information.
"Faith might do, accomplish, and create a lot. In fact, it does."
