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Cable Update (GBPUSD)

  • #174,961
  • Oct 10, 2009 8:37am Oct 10, 2009 8:37am
Quoting SkyzerFX
Which planet you leave on? Dollar going down the drain don't matter

what your Picasso charts are showing.. Dollar will sink to $1.60/EURO

like last time or even lower.. How you think Pound will drop to $1.45

based on that? Or you think FEDs will rise rates tomorrow? They will

debase/devaluate Dollar to inflate out of massive DEBT, that's what they

doing.
Man you are really rude. I've seen enough of your posts to know.

So what if YOUR thinking is different from Grashid's? If I had a dollar for every different view by traders, I wouldn't need to trade!

So to answer your question, we live on a planet where we can share different views without being degrading or insulting.

What planet are YOU from?
Ghost Rider - WWTBMD?
  • #174,962
  • Oct 10, 2009 8:38am Oct 10, 2009 8:38am
Quoting TauTrader
Here's a pic of my new study material. AWEESOMMME!

Watch out! This Dummy is coming....

HEY Tau!!! You're on the cover brother!!! Way to go man!!
Ghost Rider - WWTBMD?
  • #174,963
  • Oct 10, 2009 8:41am Oct 10, 2009 8:41am
"where we can share different views without being degrading or insulting."

Hmm, don't see anything insulting in my post.

Yeah, I'm from the Moon, searching for water and internet

I'll stop posting, if that makes you happy, no problem.

Good luck.
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #174,964
  • Oct 10, 2009 8:49am Oct 10, 2009 8:49am
Quoting SkyzerFX
"where we can share different views without being degrading or insulting."

Hmm, don't see anything insulting in my post.

Yeah, I'm from the Moon, searching for water and internet
I guess that would explain your approach to folks then. Lack of oxygen perhaps?

"What planet are you from" and "your Picasso charts" sounded a bit insulting to me at least.

As I said, I've seen other posts from you as well that fit my description. Anyway, have a nice day! I'll not waste anymore time here...

"Click"
Ghost Rider - WWTBMD?
  • #174,965
  • Oct 10, 2009 8:53am Oct 10, 2009 8:53am
Quoting albchr
HEY Tau!!! You're on the cover brother!!! Way to go man!!
I KNOW! I KNOW!.....

Going places! ( probably the trash can on the first candle formation that does not work out) HeHe

All good fun.

I have now taken a decision, right here, right now. I want to be free.... ultimately....

Have a total screamer, Chris! ( week ahead, that is)

My highest regards
  • #174,966
  • Oct 10, 2009 8:53am Oct 10, 2009 8:53am
Quoting albchr
I guess that would explain your approach to folks . Lack of oxygen perhaps? ...

"Click"
this is really funny just couldnt help it....happy pippin all
  • #174,967
  • Oct 10, 2009 9:06am Oct 10, 2009 9:06am
Quoting forexlion
could anyone tell me which broker from this list has a 0.01 lot size trading @ 1 cent per pip. i need this info at the earliest.
mbtrading and alpari do....

one not on your list....ibfx.com does....

thats all I know from personal experience with those on your list.
  • #174,968
  • Oct 10, 2009 9:13am Oct 10, 2009 9:13am
Quoting BearPaw
mbtrading and alpari do....

one not on your list....ibfx.com does....

thats all I know from personal experience with those on your list.

Agreed. I use them but it's a standard account I can trade all the way down to 10 cents/pip. Very flexible for me. But, not 1 cent on standard. You'd need their mini for that. They offer that and a micro as well.

For me it's....

1 lot = $10/pip

.01 lot = 10 cents/pip
Ghost Rider - WWTBMD?
  • #174,969
  • Edited 9:42am Oct 10, 2009 9:32am | Edited 9:42am
Quoting SkyzerFX
Which planet you leave on? Dollar going down the drain don't matter

what your Picasso charts are showing.. Dollar will sink to $1.60/EURO

like last time or even lower.. How you think Pound will drop to $1.45

based on that? Or you think FEDs will rise rates tomorrow? They will

debase/devaluate Dollar to inflate out of massive DEBT, that's what they

doing.
And what are the BOE and UK policymakers doing? A much larger and more aggressive QE programme than their counterparts in the US, for a start, which equates to a far looser monetary policy, meaning a greater chance of sterling devaluing, should inflation notch up.

Also, seeing you mention "massive DEBT", I guess you're aware that the UK has a far higher ratio of net household debt to income than the US? Moreover, when it comes to public sector debt, it is predicted by the IMF that the UK's ratio of such liabilities to GDP will exceed that of the US (92 per cent against 85 per cent) in the next few years.

Both the economies of the UK and the US are mired in the same structural difficulties, making it imperative that a re-balancing occurs sooner rather than later. As you know, a weaker currency helps facilitates such adjustments. In fact, it is an essential factor.

So, please do tell us the incentives that exist for international investors to jump in and buy sterling at these levels?
  • #174,970
  • Oct 10, 2009 9:40am Oct 10, 2009 9:40am
Quoting wormboy
where's your volume chart?
Can't you just take his word for it, Azim? I certainly have.

p.s. will send you stuff on EURUSD by PM.
  • #174,971
  • Oct 10, 2009 9:55am Oct 10, 2009 9:55am
Quoting gammase1
Can't you just take his word for it, Azim? I certainly have.

p.s. will send you stuff on EURUSD by PM.

would u send me too? thanks gammase
  • #174,972
  • Oct 10, 2009 10:01am Oct 10, 2009 10:01am
The economic stimulus package props up this currency - is it real or has the GBP continues on it's improbable run vs. the USD? Does the run have legs or not? I've been bearish on the GBP for quite some time - and like a wine that comes with a screwtop, have a bad taste in my mouth.

The Pound joined other majors and rose against the Dollar after the BOE kept the interest rate at its current 0.5% rate and decided to keep spending the remainder of its 175 billion-pound bond- purchase program. Overall, GBP/USD traded with a low of 1.5947 and with a high of 1.6120. Today, PPI Input is expected at -0.9% vs. 2.2% prior, Trade Balance is expected at -6.3B vs. -6.5B prior.



Resistance

1.6024

1.6118

Support

1.5925

1.5860



Resistance

1.6024

1.6118

Support

1.5925

1.5860

  • #174,973
  • Oct 10, 2009 10:09am Oct 10, 2009 10:09am
Quoting BearPaw
mbtrading and alpari do....

one not on your list....ibfx.com does....

thats all I know from personal experience with those on your list.
Alos i'm searching because i want to change my broker too much requotes !!
How is it with Ibfx and mbtrading:
How is the exection?spreads?
How much min deposit for ibfx?

Thanks for help
  • #174,974
  • Oct 10, 2009 10:23am Oct 10, 2009 10:23am
guys,
I trade live on 0.01 lots=1 c, with 'forex4you' brokers. I find that they are better than many "well known" brokers . not many requotes and till now no 'pip hunting' so far. And you can start live a/c with as less as $20.
Just my 2 c worth.

Vinesh
  • #174,975
  • Oct 10, 2009 10:31am Oct 10, 2009 10:31am
I have following problem maybe someone can help me ... if i want to draw fibonacci retracement and click on the icon by MT4 i can ONLY draw following levels 0 23,6 38,2 50 61,8 100 161,8 ....

how can i draw 75 level??

thanks ....

best regards,

dogol
  • #174,976
  • Oct 10, 2009 10:42am Oct 10, 2009 10:42am
Quoting gammase1
And what are the BOE and UK policymakers doing? A much larger and more aggressive QE programme than their counterparts in the US, for a start, which equates to a far looser monetary policy, meaning a greater chance of sterling devaluing, should inflation notch up.

Also, seeing you mention "massive DEBT", I guess you're aware that the UK has a far higher ratio of net household debt to income than the US? Moreover, when it comes to public sector debt, it is predicted by the IMF that the UK's ratio of such liabilities to GDP will exceed that of...

God I just LOVE it when you post Paul!!!! Thank you for that information. Still learning heaps from you....

If I ever learn half of what you know, I feel I'll have a real advantage over my current ability to trade.....
Ghost Rider - WWTBMD?
  • #174,977
  • Edited 4:17pm Oct 10, 2009 10:44am | Edited 4:17pm
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
Thanks Chris. I think it reflects your nature. You are nice and you think, treat everyone the same way.

Other regulars on this forum BB, WB, GM, Nav, Paul, ForexLion, DT, Malcolmb (this guy made 1000 pip call when no one could have trusted him for that), bbmac, Grashid even our newly joined and well respected member Tau are also very helpful. Despite trading for years, I've been acting like an idiot and I've paid the price of it. Well deserved to me. I am back to normal now, lol :-)

Look at the daily candles from past week for GU, EU, EJ, GJ, GCHF and you would see free money floating around just someone needed the eye to grab it. Fantastic opportunity for EJ short @13250-60 with SL 50 pip. Have a look at the daily candle!!

I've learned one thing in forex, like one king in the jungle there is only one bit&*^ in forex and that usually is the dollar.

This time it's been both dollar and the pound everybody keeps shorting them.

I think to survive in the long run they need to be down to earth and let everybody take the piss out of them. When everyone is comfortable in their skin, cos havoc around the world by driving the stock markets down, and drowning or digesting their (foreign) investments to ensure kingdom was never lost to the lion :-)

Things are changing now as jungle has become very crowded and it's a battle of survival.




Quoting albchr
Hey buddy, If I could give you more than one I would. Obviously, I certainly feel you deserve them. And for me at least, it has nothing to do with making calls. In fact, I'd be more reluctant to give them out for such a reason. Good analysis (right or wrong) and the willingness to share and teach are my main criteria. That's why you have mine and have for some time.

Keep up the good work!! Some of us, really do pay attention.
  • #174,978
  • Oct 10, 2009 10:57am Oct 10, 2009 10:57am
Quoting ams
I've learned one thing in forex, like one king in the jungle there is only one bit&*^ in forex and that usually is the dollar.


Things are changing now as jungle has become very crowded and it's a battle of survival.
Agree with this. I certainly don't know too much about such things but I can see what's in front of my eyes fairly well. Whether it's "manipulation with intent" or just the out come of all the efforts to save the sinking world economy's I don't know, but the dollar is just NUTS IMHO and makes things pretty dam tough to call.

I've only been learning to trade since last September. But even I have noticed a change. Before the new year, it was much easier IMHO and I knew far less. At least it was for me.

HEY LOOK! Nav gave you a vouch!! Well deserved in my book
Ghost Rider - WWTBMD?
  • #174,979
  • Oct 10, 2009 11:36am Oct 10, 2009 11:36am
"And what are the BOE and UK policymakers doing?"

Italy, Germany, France has larger Debt to GDP ratio then US as well, but still

EURO is flying high. I think US GDP # has to be

divided by 10..US GDP # ballooned by DEBT

People were spending money which they don't have, now when we

back to earth and only spend what we have, GDP should shrink accordingly.

Besides comparing UK vs US, Dollar has reserve currency status, that's

is why Dollar holders will always be more concern about US monetary policy

in particular. AT the best $USD era GU

was about $1.60. EUR and GBP ratio is out of whack as well.

Again that's my view only. EU going higher, and that's will pull Cable up by

the hair as well. IMHO

"
GBPUSD – The ratio of long to short positions in the GBPUSD stands at -1.15 as nearly 54% of traders are short. Yesterday, the ratio was at 1.22 as 55% of open positions were long. In detail, long positions are 10.9% lower than yesterday and 14.3% weaker since last week. Short positions are 25.7% higher than yesterday and 29.0% stronger since last week. Open interest is 5.6% stronger than yesterday and 6.5% above its monthly average. The SSI is a contrarian indicator and signals more GBPUSD gains."
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  • #174,980
  • Oct 10, 2009 11:42am Oct 10, 2009 11:42am
Quoting albchr
HEY LOOK! Nav gave you a vouch!! Well deserved in my book
yes he deserves it..his contributions on fundamentals are to me are priceless, should have got a vouche from me a lot soonier

keep up the good works arms!
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