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Cable Update (GBPUSD)

  • #31,781
  • Sep 19, 2007 10:43pm Sep 19, 2007 10:43pm
Quoting ClockTrader
I am from Asia(India) I read everyday in newspaper whats happening here, I'm not speaking just out of air, but on the basis of news. I don't trade economic events though.

People and companies here have actually started to keep their reserves in local currency / euro etc. switching from USD long way back.
Don't believe everything you read in the paper clocktrader !!!!

If my country Brazil, goes to hell...the world will suffer, but still exist...if your country goes to hell...the world may suffer more, but still exist. If America goes to hell the world, as we know it will cease to exist.

China breathes America !!! I don't see 1.3 trillion in greenbacks unreasonable...and yes I'm sure they keep some EURO change in their pocket.
For he that would be deceived, let him.
  • #31,782
  • Sep 19, 2007 11:00pm Sep 19, 2007 11:00pm
Quote
Don't believe everything you read in the paper clocktrader !!!!

Whatever, my bias for currencies remain same, world is shifting to non-USD currencies and so are the Govts' reserves, Industries as well as a common man. I would still love to count in USD, coz that makes me feel richer with the passage of time, lolz

period
Hello World!
  • #31,783
  • Sep 19, 2007 11:20pm Sep 19, 2007 11:20pm
I'm thinking cable might drop to 1.9872 today..
Kiyoski JR. "Time is your friend; impulse is your enemy."
  • #31,784
  • Sep 19, 2007 11:21pm Sep 19, 2007 11:21pm
Quoting ClockTrader
I would still love to count in USD, coz that makes me feel richer with the passage of time, lolz period
There ya go..... !!!!!!!!
For he that would be deceived, let him.
  • #31,785
  • Sep 19, 2007 11:30pm Sep 19, 2007 11:30pm
Quoting Kiyosaki JR
I'm thinking cable might drop to 1.9872 today..
Cable has been bouncing between 2.0022 and 1.9977 for hours. One can make a fortune with high leverage, and tight SL. Short top, and long bottom around this area.

To bad I'm stuck on shorts...
For he that would be deceived, let him.
  • #31,786
  • Sep 19, 2007 11:30pm Sep 19, 2007 11:30pm
Btw guys.. if i remembered correctly.. China manage to live by themself during the "era of the sleeping dragons" rite? When they closed all their connections with the outside world. Yes they will suffer.. but they manage to live rite?
  • #31,787
  • Sep 19, 2007 11:35pm Sep 19, 2007 11:35pm
Plenty of news today for the cable.
if we see relatively positive news, coupled with good manufacturing data from the Japs, (Fukui better not talk nonsense) ..

we should see a small dollar teddy bear today.

personally UJ has teased me the whole morning. 1 pip away from my TP 2-3 times already..
  • #31,788
  • Edited 12:50am Sep 20, 2007 12:37am | Edited 12:50am
Quoting pinchapip
Cable has been bouncing between 2.0022 and 1.9977 for hours. One can make a fortune with high leverage, and tight SL. Short top, and long bottom around this area.

To bad I'm stuck on shorts...
may be go down more below than 1.9945 (yesterday low) but why suddenly cable just went up.
  • #31,789
  • Sep 20, 2007 12:45am Sep 20, 2007 12:45am
Quoting leachimeewg
Morning bullrock,

do you sleep much? lol...
4 hours or so... Just my opinion.... demand/supply right?? so if you start to dump 1.3trillion USD to the market and other players on the market will know it what do you think that dollar will collapse before or after they have finished? Also China depends heavily on the dollar...
.
  • #31,790
  • Sep 20, 2007 12:48am Sep 20, 2007 12:48am
Quoting ClockTrader
I have no idea what you guys are talking about, NO MAJOR COUNTRY in this world now keeps all(100%) of its foreign reserves in USD, they do count in USD though. The diversification process started over an year back.
Ok. I am not expert in this but this make sense...
.
  • #31,791
  • Sep 20, 2007 1:00am Sep 20, 2007 1:00am
Possibilities of bullish flag / pennant on UJ. Fukui on next hour as trigger?? Anyone??
  • #31,792
  • Sep 20, 2007 1:04am Sep 20, 2007 1:04am
Quoting bullrock
4 hours or so... Just my opinion.... demand/supply right?? so if you start to dump 1.3trillion USD to the market and other players on the market will know it what do you think that dollar will collapse before or after they have finished? Also China depends heavily on the dollar...
lol, you are right in that, China wouldn't want to be everyone's public enemy no 1. in my humble opinion.

Finally my TP got striked out.. lol.. did you manage to get some good pips on the UJ.. at least 20 to 40 pips since yesterday.

Just to add on your other post. Foreign Reserves for every country is widely available. most countries hold up to 90% or 95% of their respective reserves in USD or US Debt, main culprits being Japan and now China. If Japan, China and Russia wants to buy up gold as another part of its reserves, we could see gold prices shooting past $1000. There's just not enough supply of gold, i don't think there have been any new mines since the 50's or 60's
  • #31,793
  • Sep 20, 2007 1:08am Sep 20, 2007 1:08am
Quote
I have no idea what you guys are talking about, NO MAJOR COUNTRY in this world now keeps all(100%) of its foreign reserves in USD, they do count in USD though. The diversification process started over an year back.
Ok. I am not expert in this but this make sense...

Hello World!
  • #31,794
  • Sep 20, 2007 1:08am Sep 20, 2007 1:08am
Quoting dd33
Possibilities of bullish flag / pennant on UJ. Fukui on next hour as trigger?? Anyone??
I just took profit on my UJ short since last nite. Fukui's not going to have much impact in my opinion, term ending soon and i doubt he'll wanna screw his pension. lol.. frankly japanese are too conservative. thats the reason the economy is in stalemate.

should hike interest rates 1%, watch carry trade unwind and consumer spending start increasing.

do you know that japanese ppl have been wary about spending money domestically because of NO interest rates in the bank? but once they hiked a little wee bit, we saw ppl come out and spend, reason being, the bank is paying me interest for my monies. lol.. go figure.
  • #31,795
  • Sep 20, 2007 1:19am Sep 20, 2007 1:19am
Quote
P/L (September) : +5.1447%

wow man, looks like kicking at your end, I'm glad for you
Hello World!
  • #31,796
  • Sep 20, 2007 1:26am Sep 20, 2007 1:26am
For 20 hrs cable playing with the 2.0 level?!?!?!??
Kiyoski JR. "Time is your friend; impulse is your enemy."
  • #31,797
  • Sep 20, 2007 1:29am Sep 20, 2007 1:29am
Euro about to hit the historic figure of 1.4

Lets celebrate :

I'm not playing euro, don't misunde... me plz


oopps hit already as I was typing

CHEERS :-)
Hello World!
  • #31,798
  • Sep 20, 2007 1:42am Sep 20, 2007 1:42am
lol..
yeap.. bloomberg terminals here confirm that.. lol..

I think the focus of play is EUR to hit past 1.40, players don't really have much open positions on the cable imho. hence the slow movement.

UJ also making a run for it. lol..

New York is going to be pissed for missing out on the 1.40 run, =)
  • #31,799
  • Sep 20, 2007 1:46am Sep 20, 2007 1:46am
Huhuhu... and the train left us here...

I bet cesar would be ready to cha-ching his positions in euro... and use the money to spend with that dream girl... "who's the tiger baby....???"
  • #31,800
  • Sep 20, 2007 1:48am Sep 20, 2007 1:48am
Anyone else think a decent bull run has started? Long since 2.0008, TP 2.0116, good luck guys
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