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Cable Update (GBPUSD)

  • #149,961
  • Jul 23, 2009 7:32am Jul 23, 2009 7:32am
good news.... i'm long
  • #149,962
  • Jul 23, 2009 7:33am Jul 23, 2009 7:33am
That not a pretty figure for The market. I think so far the Out of recession is just a big lie and as some smart money said. We finished the Bull market inside the Bear market. Let return to the downtrend main
  • #149,963
  • Jul 23, 2009 7:36am Jul 23, 2009 7:36am
Worse than expected, worse than last month, so thats BAD for the USD, so USD should lose value.

As it's GBP / USD then the GU should be going UP!!!


This is why you should never listen to news!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #149,964
  • Jul 23, 2009 7:38am Jul 23, 2009 7:38am
Quoting Turveyd
Worse than expected, worse than last month, so thats BAD for the USD, so USD should lose value.

As it's GBP / USD then the GU should be going UP!!!


This is why you should never listen to news!!

Thought they were on forecast
  • #149,965
  • Jul 23, 2009 7:38am Jul 23, 2009 7:38am
About the only thing that news moved was my spread........
Ghost Rider - WWTBMD?
  • #149,966
  • Jul 23, 2009 7:40am Jul 23, 2009 7:40am
Quoting Turveyd
Worse than expected, worse than last month, so thats BAD for the USD, so USD should lose value.

As it's GBP / USD then the GU should be going UP!!!


This is why you should never listen to news!!
As it was said, look at the bigger picture... us uses 30% of the world goods/resources... if it`s bad for US a lot of people making products for the us market will be hit... that`s why it went lower...

Still i don`t think we will start to go lower and lower, it was bad for usd, we went a little lower, yey, now everything goes back to normal(up)
  • #149,967
  • Jul 23, 2009 7:40am Jul 23, 2009 7:40am
Ok, question for the experienced folks out here. Do you guyz do multiple trades at a given time or you prefer to open one trade, finish it first and then open a new one. I actually am always caught up in too many trades open (which is called over trading i guess considering the size of the account). So what method most of you guyz prefer, one trade at a time and making big bucks out of it or having multiple trades with taking small pips out of them?
  • #149,968
  • Jul 23, 2009 7:42am Jul 23, 2009 7:42am
Quoting Turveyd
Worse than expected, worse than last month, so thats BAD for the USD, so USD should lose value.

As it's GBP / USD then the GU should be going UP!!!


This is why you should never listen to news!!
its bad for dow. when dow goes down usd strength. so not bad for usd. its the oposite. its my understanding anyway.
  • #149,969
  • Jul 23, 2009 7:42am Jul 23, 2009 7:42am
Quoting Turveyd
Worse than expected, worse than last month, so thats BAD for the USD, so USD should lose value.

As it's GBP / USD then the GU should be going UP!!!


This is why you should never listen to news!!
Patience.
  • #149,970
  • Jul 23, 2009 7:42am Jul 23, 2009 7:42am
Quoting Turveyd
Worse than expected, worse than last month, so thats BAD for the USD, so USD should lose value.

As it's GBP / USD then the GU should be going UP!!!


This is why you should never listen to news!!
Ah no. You seem dont know how the market work. When US news is bad. USD and YEN become strong. because IF the first economy is bad. Then the RISKIER Asset are very bad. Wait a little and you will see that market are collapsing/retracing to the down side.

Anyone sharing my opinion ?
  • #149,971
  • Jul 23, 2009 7:44am Jul 23, 2009 7:44am
Quoting Terminale
Ah no. You seem dont know how the market work. When US news is bad. USD and YEN become strong. because IF the first economy is bad. Then the RISKIER Asset are very bad. Wait a little and you will see that market are collapsing/retracing to the down side.

Anyone sharing my opinion ?
  • #149,972
  • Jul 23, 2009 7:45am Jul 23, 2009 7:45am
Quoting Terminale
Ah no. You seem dont know how the market work. When US news is bad. USD and YEN become strong. because IF the first economy is bad. Then the RISKIER Asset are very bad. Wait a little and you will see that market are collapsing/retracing to the down side.

Anyone sharing my opinion ?

I'm with you and Macedonia on this one.
Better safe than sorry
  • #149,973
  • Jul 23, 2009 7:45am Jul 23, 2009 7:45am
Quoting Terminale
Ah no. You seem dont know how the market work. When US news is bad. USD and YEN become strong. because IF the first economy is bad. Then the RISKIER Asset are very bad. Wait a little and you will see that market are collapsing/retracing to the down side.

Anyone sharing my opinion ?
but this is where it could get tricky. reverse sychology. big boys know we expect it to drop and they hit us with longs. careful
  • #149,974
  • Jul 23, 2009 7:45am Jul 23, 2009 7:45am
Quoting KillPhil08
Patience.

For what Phill? What's your take on what it might do? Just curious as I have no clue how news effects the market.
Ghost Rider - WWTBMD?
  • #149,975
  • Jul 23, 2009 7:46am Jul 23, 2009 7:46am
Quoting Turveyd
Worse than expected, worse than last month, so thats BAD for the USD, so USD should lose value.

As it's GBP / USD then the GU should be going UP!!!


This is why you should never listen to news!!
Hi Turveyd,

Someone had said if it is bad for US then dollar will have strength. As Risk Adversion take place people buy dollar for safe haven not the other way round.... unless people belive this is not tht worst compare to 600k losses...
  • #149,976
  • Jul 23, 2009 7:47am Jul 23, 2009 7:47am
Nope never made any sense or ever will, surely bad news is bad news so bad for DOW and USD.

That's why I don't read the news, merely trade the reaction, not a economist to understand the impact of the news so why bother to try.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #149,977
  • Jul 23, 2009 7:47am Jul 23, 2009 7:47am
Even after a cup of morning coffee, still feeling sleepy watching the price moving like this
  • #149,978
  • Jul 23, 2009 7:47am Jul 23, 2009 7:47am
Quoting Macedonia
Same here .
  • #149,979
  • Jul 23, 2009 7:51am Jul 23, 2009 7:51am
Quoting Terminale
Ah no. You seem dont know how the market work. When US news is bad. USD and YEN become strong. because IF the first economy is bad. Then the RISKIER Asset are very bad. Wait a little and you will see that market are collapsing/retracing to the down side.

Anyone sharing my opinion ?
I agree, we'll have to wait and see what Dow brings us - if it loses points there will be strengthening of USD and Yen
  • #149,980
  • Jul 23, 2009 7:51am Jul 23, 2009 7:51am
come on ..what's the holdup .. tank damnit. I need to get paid
Thank You
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