As-Salam-O-Aliakum Brothers:
Alqaz Syed.
Hi everyone, I'm new this forum, been trading US Stocks & Options for 3 years, just switched to Forex for 2 months. Just wanna say hi to fellow traders from Malaysia.
hi
good day to everybody
Together we share, improvise, grow and evolve. Yeah rightCable dropped almost 300pips when you said it was supposedly to go up last Monday Morning. Would you care sharing Fundamental or Technical analysis rather than making just trade calls alone.
I am not an intraday trader like you, i trade longer term and more pips, i find intraday traders get stuck in their trade and end up losing, my cable target 2.04/2.05 as long as 1.9650 is intact, cable dropped and went up to 2.00 again within 24 hours so that does not mean my analysis was invalid.
:
... As long as Cable don't breached last Monday High at 2.0030ish.Yeah right
That was not a trade call, that is my opinion, besides a trade call is more like this Buy gbp/usd: 1.9750, stoploss: 1.9600 and tp: 2.00.
hi
good day to everybody
i also new here & new in forex too
so far make > -ve USD (loss)
hopefully i can learn many things from all of u.
thank you for your knowledge & information sharing
regards
Hope we can be a better trader together.... Hi Malaysia
I do agree with you on you technical analysis, I use EW and I have a bearisg bias against 2.0025. but based on the current scenario as I said there are a few things affecting the gbp/usd, first as i said in UK the major problem is subprime, but in US we have more than that, the second thing is interest rate differential, I expect the US rate to drop to below 2%, next look at the COT it shows extreme bearish sentiment which means gbp should go up, your scenario will work out if BOE is extremely dovish.
It's the ripple effect. What had happened in the US... just start to happen somewhere else... If they followed the same mistakes.... (Indiscipline in making Loans). Looking at UK housing data... the rate of DETERIORATING is gathering momentum
If last Monday Action and Plan by BOE is working out fine... then perhaps it'll stop the Crisis from Bubbling up... but then... the effect of it only gonna be seen for few months from now.
Remember... when was the last time we heard about SUBPRIME CRISIS... It was last November If I am not mistaken. The FED had done so many countermeasures to fix the problem... till now USD keep on deteriorating. Just have a look at Weekly Chart of CABLE and GEPPY... see the TOP? When was it?
I would say.... "THE WORST IS NOT OVER YET"... It just started in the UK.
It's the ripple effect. What had happened in the US... just start to happen somewhere else... If they followed the same mistakes.... (Indiscipline in making Loans). Looking at UK housing data... the rate of DETERIORATING is gathering momentum
If last Monday Action and Plan by BOE is working out fine... then perhaps it'll stop the Crisis from Bubbling up... but then... the effect of it only gonna be seen for few months from now.
Remember... when was the last time we heard about SUBPRIME CRISIS from USA... It was last November If I am not mistaken. The FED had done so many countermeasures to fix the problem... till now USD keep on deteriorating. Just have a look at Weekly Chart of CABLE and GEPPY... see the TOP? When was it?
I would say.... "THE WORST IS NOT OVER YET"... It just started in the UK.
The problem is not bad in UK believe me, but in US the FED knew the housing bubble was going to burst but they were too slow in reacting but the case in UK is not the same. If they had been more proactive then US will be in a better place but I think USD will recover in the 3rd quarter. Anyway 6 months is not enough to solve the housing problem, give them a year to 2 for things to recover.
Remember Malaysia's crises in 1997, I think it look at least 5 years to recover.
You mean for US it gonna takes a year or two to recover whereas in the UK just less than 6 months? Contradicting statement I see 
Cappalz!!!How's trading yesterday bro!!!
When was the first time you heard the news break about UK Housing Bubble?
