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Cable Update (GBPUSD)

  • #182,961
  • Nov 15, 2009 3:04pm Nov 15, 2009 3:04pm
Quoting micho
EURGBP not confirmed but favoring upwards 0.8950 then 0.8962
EURUSD no clear direction (stand aside)
GBPUSD no clear direction (stand aside)
USDZAR no clear direction (stand aside)
USDCAD waiting for more retrace for possible sell, target adjustable 1.0395 then 1.0393
USDJPY waiting for retrace for possible sell, no target defined yet
[size=2]NZDUSD waiting retrace...
Bro,

Reading your post, it is better to go to holliday and forget about Forex for sometimes. lol
No Signal, No Trade. No fundamenals, No headache.
  • #182,962
  • Nov 15, 2009 3:05pm Nov 15, 2009 3:05pm
Quoting stewrigh
Azim,

Looking at your chart I can see this going to 71, or even lower - lol.
while 71 area is a strong possibility,...
the current formation looks very promising though, being purely on technical.
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  • #182,963
  • Nov 15, 2009 3:13pm Nov 15, 2009 3:13pm
Quoting No Stress
Bro,

Reading your post, it is better to go to holliday and forget about Forex for sometimes. lol
Funny, I would go with, I would rather eat boogers then have to read his posts, for now, I will just be happy with the ignore feature of FF, and hope nobody else replies to him using quotes....
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #182,964
  • Nov 15, 2009 3:15pm Nov 15, 2009 3:15pm
Quoting No Stress
Bro,

Reading your post, it is better to go to holliday and forget about Forex for sometimes. lol

dammmmmmmmmmmmmm i love it a drink and cigar that will do it br
  • #182,965
  • Nov 15, 2009 3:18pm Nov 15, 2009 3:18pm
Quoting gammase1
You can't compare the two situations, as the differences are vast.

Argentina isssued all of its sovereign debt and much of its private sector debt in US dollars, a foreign currency (whereas the US isssues all its debts in dollars). Hence when the peg was broken, the value of the peso crashed, meaning debt servicing costs were impossible to meet. Argentina should've been used as a case study for Latvia, not the US.

Japan in the early 1990s bears a closer comparison, in my opinion, to the situation facing the US: massive private sector debt; collapse...
As you can see, i compare the situation with the early 60 and 80, when the argentinian debt was hundred times little than the actual debt and was mayority from private sector, and argentinian reserves was not in dollar, but gold(the 60's one)... then one of our finances minister simply absorved the private debt into the public debt, just to "help" the private sector and therefore, protect Argentinian economic of possible chaos...such thing, not only carried a lot of big problems for following governings, but they even brought closure of factories, liquidation of financial institutions, and bulk import of products resulting from that...

The economic chaos in the 90's was result of other factors and conditions, nothing with this i told you
  • #182,966
  • Nov 15, 2009 3:19pm Nov 15, 2009 3:19pm
Latest prices are :-

GU - 1.6722
EU - 1.4931
GJ - 149.71.
You've got to be IN IT to WIN IT!
  • #182,967
  • Nov 15, 2009 3:20pm Nov 15, 2009 3:20pm
Quoting cesarg
As you can see, i compare the situation with the early 60 and 80, when the argentinian debt was hundred times little than the actual debt and was mayority from private sector, and argentinian reserves was not in dollar, but gold(the 60's one)... then one of our finances minister simply absorved the private debt into the public debt, just to "help" the private sector and therefore, protect Argentinian economic of possible chaos...such thing, not only carried a lot of big problems for following governings, but they even brought closure of factories,...
My apologies.... I assumed (wrongly) you were talking about the 1990s debt crisis. The crisis in the 1960s I know nothing about, so am happy to learn from your knowledge on the subject.
  • #182,968
  • Edited 3:35pm Nov 15, 2009 3:21pm | Edited 3:35pm
It's only a supposition, but would it be possible that for this time, instead of using the US$ as a refuge currency, investors would jump on other then US currency in case of a stocks selloff?

I mean is buying the US$ is the only option in case of another crash?
Harmonics and Pitchfork using korHarmonics from TradingArsenal
  • #182,969
  • Nov 15, 2009 3:21pm Nov 15, 2009 3:21pm
Quoting micho
EURGBP not confirmed but favoring upwards 0.8950 then 0.8962...

good to see u back my friend...hope u doing well
u might need to use yur ignore button a few times, seems theres a few in here that think they are soros
  • #182,970
  • Nov 15, 2009 3:28pm Nov 15, 2009 3:28pm
Quoting nAVIN2007
good to see u back my friend...hope u doing well
u might need to use yur ignore button a few times, seems theres a few in here that think they are soros
nAVIN
Nice see you bro
Have a view for g/u or e/u r waiting the market?

PS: Do you know the football player Amr zaik
http://www.forexfactory.com/showthre...378&page=12192
  • #182,971
  • Nov 15, 2009 3:36pm Nov 15, 2009 3:36pm
Quoting egkid
nAVIN
Nice see you bro
Have a view for g/u or e/u r waiting the market?

PS: Do you know the football player Amr zaik
http://www.forexfactory.com/showthre...378&page=12192
gu very difficult to know..
euro same position as b4 still in the trade

good to hear from u
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  • #182,972
  • Nov 15, 2009 3:44pm Nov 15, 2009 3:44pm
gu is in a traingle...i dont think it will go very far.

i wish u all a good week ...
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  • #182,973
  • Nov 15, 2009 3:54pm Nov 15, 2009 3:54pm
Quoting gammase1
My apologies.... I assumed (wrongly) you were talking about the 1990s debt crisis. The crisis in the 1960s I know nothing about, so am happy to learn from your knowledge on the subject.
gammase, there was not economic crisis in the 60 in Argentina... what i told, is the big problems for argentinian economic start with the implementation of devaluation policies in the late 60's here (ongania presidence).... just to control the inflation process.

Overall, my point is devaluation of a currency is never really a good choice, but is a fast solution, just to resolve part of the problem, but in the long term, this thing could be a spiral imposible to stop... and this is the reference point to actual argentinian situation, which is the product of 4 decades of wrong policies
  • #182,974
  • Nov 15, 2009 3:59pm Nov 15, 2009 3:59pm
IS RISING.......
  • #182,975
  • Nov 15, 2009 4:01pm Nov 15, 2009 4:01pm
Quoting pkimnyc
while 71 area is a strong possibility,...
the current formation looks very promising though, being purely on technical.
Don't really look at the DX but this is why I'm still long fibre...

Simples....lol

Anyway this is EU - don't know how this got on the Cable thread, but I didn't start it.

And to clarify - this is my view of EU - don't assume that I have the same view of cable - theres no way I would buy the pound ATM, its in bigger sh*t than the dollar.

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  • #182,976
  • Nov 15, 2009 4:20pm Nov 15, 2009 4:20pm
Quoting nAVIN2007
good to see u back my friend...hope u doing well
u might need to use yur ignore button a few times, seems theres a few in here that think they are soros
hey navin, how is it?
did you get a nice strategy?
When life gives you lemons, make lemonade
  • #182,977
  • Nov 15, 2009 4:21pm Nov 15, 2009 4:21pm
Quoting malcolmb14
have you looked at labels recently

made in china NOT usa ....
http://www.globalpolicy.org/componen...-of-trade.html

not imports higher ... wonder if majority of that is commodities that are required to make exports ?
Blogging daily now at www.volume.zone
  • #182,978
  • Nov 15, 2009 4:32pm Nov 15, 2009 4:32pm
Quoting micho
hey navin, how is it?
did you get a nice strategy?

im good brother..no new stradegy just same old stuff...
where u been?...been a long time
  • #182,979
  • Nov 15, 2009 4:52pm Nov 15, 2009 4:52pm
I'm Aside US index point down depends on my ichmoku indicator.
GL All
  • #182,980
  • Nov 15, 2009 4:52pm Nov 15, 2009 4:52pm
Quoting nAVIN2007
im good brother..no new stradegy just same old stuff...
where u been?...been a long time
i was and still busy at work and traveling
hope you are doing good
When life gives you lemons, make lemonade
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