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Cable Update (GBPUSD)

  • #38,901
  • Nov 7, 2007 7:09am Nov 7, 2007 7:09am
GU is correlated with EU...
I've receive some analysts papers who see EU @ 1.71xx vs 1.46xx....

  • #38,902
  • Nov 7, 2007 7:13am Nov 7, 2007 7:13am
Quoting dswk
GU is correlated with EU...
I've receive some analysts papers who see EU @ 1.71xx vs 1.46xx....

Not crazy.

Talks are oil $120, Gold $1,000 before anything else.

BTW, last rate statement was dismissed like garbage. Market is now demanding more cuts, pricing it in, f*-off the rest.
  • #38,903
  • Nov 7, 2007 7:16am Nov 7, 2007 7:16am
Quoting winwise
only few days ago, i was shoutting 2.10.
damn, it happens so quick. I will short for some correction profit 2-3 hours later. see what happends

Guys, dollar is not dead yet..... see what happen if American have a war with Iran.
Actually I think its not in thier benefit for many reasons :

First:
Iran is an oil producing country and attacking it would mean higher oil prices which drives a lower USD.

Second:
The middle east controls most of the world production and all of that production is sent to the world through the arabian gulf sea from UAE, Saudia Arabia, Qatar, Bahrain and kuwait. (Check world map)
Iran covers almost 50% of that see so if a war breaks iran threatens to cut all oil supplies from the world.

Third:
Iran is of the strongest power near the middle east so I can guarantee you the war is gonna take at least a couple of years to finish and America can't handle a shortage of oil supplies for that long.

Fourth:
Everybody knows about the nuclear reactor Iran is developing so if USA starts a war with Iran who knows what could happen.
  • #38,904
  • Nov 7, 2007 7:17am Nov 7, 2007 7:17am
oh oh...

Just noticed UJ is at the edge now... Anyone on it?

Short it and forget it below 112.50/00?!?
  • #38,905
  • Nov 7, 2007 7:18am Nov 7, 2007 7:18am
Quoting cesarnc
oh oh...

Just noticed UJ is at the edge now... Anyone on it?

Short it and forget it below 112.50/00?!?
109 Baby!! the only problem is who the hell wants to hold Yen or Dollars at this point? Its a battle of Shitty versus Shittier.
Patience + Humility + Study = Success
  • #38,906
  • Nov 7, 2007 7:20am Nov 7, 2007 7:20am
Quoting cesarnc
oh oh...

Just noticed UJ is at the edge now... Anyone on it?

Short it and forget it below 112.50/00?!?
I'm shorting it since the 114 break... this thing will continue to plunge...
  • #38,907
  • Nov 7, 2007 7:22am Nov 7, 2007 7:22am
Quoting DutchTrader
109 Baby!! the only problem is who the hell wants to hold Yen or Dollars at this point? Its a battle of Shitty versus Shittier.
Now that China dumped more shit on the dollar, we have the shittier for now.
  • #38,908
  • Nov 7, 2007 7:24am Nov 7, 2007 7:24am
Quoting cesarnc
Now that China dumped more shit on the dollar, we have the shittier for now.
True just waiting for a bounce around 113.50 to short
Patience + Humility + Study = Success
  • #38,909
  • Nov 7, 2007 7:27am Nov 7, 2007 7:27am
Quoting cesarnc
oh oh...

Just noticed UJ is at the edge now... Anyone on it?

Short it and forget it below 112.50/00?!?
UJ is going to have some good retracement starting from now.
Trade what you see, not what you think.
  • #38,910
  • Nov 7, 2007 7:28am Nov 7, 2007 7:28am
Quoting cesarnc
Now that China dumped more shit on the dollar, we have the shittier for now.
I think that the US wanted China to drop $$$'s in order to weaken $ @ the same time, unload their problem (Yuan) onto the Europeans.
Humble Lifetime Member
  • #38,911
  • Nov 7, 2007 7:29am Nov 7, 2007 7:29am
Quoting DutchTrader
True just waiting for a bounce around 113.50 to short
Thi figure may never come. Dow futures is poiting -160 already.

This could, however, be a bumping day since most of the jitter in the Stock Market is about one company only (GM). This can inspire bottom fishers in the afternoon...
  • #38,912
  • Nov 7, 2007 7:36am Nov 7, 2007 7:36am
Picture of the Day :

http://www.mises.org/images4/upinthesky.jpg
  • #38,913
  • Nov 7, 2007 7:40am Nov 7, 2007 7:40am
Dow off the lowest levels@cesar

With oil inventories about an hour and a half away this could get even more interesting.
Patience + Humility + Study = Success
  • #38,914
  • Nov 7, 2007 7:44am Nov 7, 2007 7:44am
Quoting DutchTrader
109 Baby!! the only problem is who the hell wants to hold Yen or Dollars at this point? Its a battle of Shitty versus Shittier.
I dont think BoJ would agree to a strong JPY. They will intervene just like they did last mid August.
  • #38,915
  • Nov 7, 2007 7:46am Nov 7, 2007 7:46am
Burger,

The key level for BoJ intervention is right around 109
Patience + Humility + Study = Success
  • #38,916
  • Nov 7, 2007 7:51am Nov 7, 2007 7:51am
Quoting hellkkas
If you don't mind, could u please tell me why you short now?

<sarcasm>
Well it's easy. People are capable of learning. So naturally, right after an example of how an account is blown by shorting one of the strongest trending pairs of the last 5 years was posted, people go and seek to copy the best example available in order achieve the same success of blowing their accounts and short the uptrend in turn.
</sarcasm>
Trust price. Know yourself.
  • #38,917
  • Nov 7, 2007 7:53am Nov 7, 2007 7:53am
Quoting SeekingLight
Well it's easy. People are capable of learning. So naturally, right after an example of how an account is blown by shorting one of the strongest trending pairs of the last 5 years was posted, people go and seek to copy the best example available in order achieve the same success of blowing their accounts and short the uptrend in turn.

As for being short USDJPY - yea, 112.5 is a great place to short, one should always sell chart lows and buy chart highs so as not to risk actually having any room left to move to. Preferably do it on the same day the average daily range has already been exceeded by over 50% so as to ensure that has enough energy to snap back like a rubber band as well.

Or, if you want to make money instead of lose it, do the opposite of all the above.
Patience + Humility + Study = Success
  • #38,918
  • Nov 7, 2007 7:54am Nov 7, 2007 7:54am
Anyone gone short? where?
  • #38,919
  • Nov 7, 2007 8:03am Nov 7, 2007 8:03am
Quoting venomdesignsUK
Anyone gone short? where?
i'm still with my short
"Invest With The Insiders, Not The Masses" George Muzea
  • #38,920
  • Nov 7, 2007 8:07am Nov 7, 2007 8:07am
Quoting Qu|cksilver
i'm still with my short
When you short? I mean at value?
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