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Cable Update (GBPUSD)

  • #174,981
  • Oct 10, 2009 11:49am Oct 10, 2009 11:49am
Quoting SkyzerFX
"And what are the BOE and UK policymakers doing?"

Italy, Germany, France has larger Debt to GDP ratio, but still

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


Isn't this graphic just the book of FXCM though? I'm not sure I would want to extrapolate the direction of GU based on that. The way the charts are looking the pair could go either way. I think one of the main reasons the EUR has been so strong against the dollar has been all of the talk of shedding the USD as the reserve currency of the world. Just the 2 cents of an amateur.
  • #174,982
  • Oct 10, 2009 11:50am Oct 10, 2009 11:50am
Good day to you all,

EU should be ready to pick by Monday / Tuesday next week. I am just looking for a retrace from Friday. Maybe wait for 1.4750 to start the process...Sell every 25 pips....

Should work out fine... If market open with a gap up to 1.4750. I'm in. Short.

Regards
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  • #174,983
  • Oct 10, 2009 11:59am Oct 10, 2009 11:59am
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.
n who are you to question my view? doesnt matter from which planet i am as long as people here know who am i...

there r nobody right or wrong in this forex bro and trade in what you saw and not as what people say...cheers
  • #174,984
  • Oct 10, 2009 12:04pm Oct 10, 2009 12:04pm
Quoting SpaceJunk
Isn't this graphic just the book of FXCM though? I'm not sure I would want to extrapolate the direction of GU based on that. The way the charts are looking the pair could go either way. I think one of the main reasons the EUR has been so strong against the dollar has been all of the talk of shedding the USD as the reserve currency of the world. Just the 2 cents of an amateur.
You're right. One is far better looking at COT report than anything from FXM.
  • #174,985
  • Oct 10, 2009 12:05pm Oct 10, 2009 12:05pm
Quoting SpaceJunk
Isn't this graphic just the book of FXCM though? I'm not sure I would want to extrapolate the direction of GU based on that. The way the charts are looking the pair could go either way.
Yes, agreed.
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  • #174,986
  • Oct 10, 2009 12:12pm Oct 10, 2009 12:12pm
Quoting SkyzerFX
"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...
But the problems you mention regarding US GDP and growing debt levels being intertwined in recent years are far worse in the UK, in that Britain "enjoyed" a decade of economic growth that was fueled by an exponential increase in household debt, at a more extreme level than the US.

For the record, net household debt to disposable income in the UK stands roughly at 170%, compared with 130% in the US. I have already highlighted the predictions for public sector debt, which paint a darker picture for the UK's finances.

My point is when you talk about "massive DEBT" you need to be fully aware of comparative levels in the relevant countries. I have written in detail on this forum about the massive problems I believe are facing the dollar, but one needs also to consider the fundamentals surrounding the UK, particularly if they are trading from gut and ignoring charts (an approach which I deem to be foolish in the extreme).
  • #174,987
  • Oct 10, 2009 12:16pm Oct 10, 2009 12:16pm
Quoting albchr
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?
...just press our special button with this type of people....
wasting time
  • #174,988
  • Oct 10, 2009 12:30pm Oct 10, 2009 12:30pm
Quoting grashid
n who are you to question my view? doesnt matter from which planet i am as long as people here know who am i...

there r nobody right or wrong in this forex bro and trade in what you saw and not as what people say...cheers

u tell him brother
  • #174,989
  • Oct 10, 2009 12:36pm Oct 10, 2009 12:36pm
Quoting nAVIN2007
u tell him brother
..ok bro let us focus in our business...forget about that things...hows life mate?
  • #174,990
  • Oct 10, 2009 1:29pm Oct 10, 2009 1:29pm
UK need strong currency.
They go to Euro zone in 1-3 years.
Rate of exchange is the point of strong £.
  • #174,991
  • Oct 10, 2009 2:48pm Oct 10, 2009 2:48pm
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
You are doing good Chris!
Everyday you are becoming a good trader.

Try to limit your smoking bud it's not good if you make money one way and give another way at cost of your health. Not trying to lecture you just concerned.

Thankful enough to you for my first vouch and Nav today for generosity.

I also noticed DT gave me a vouch! So thanks to him. It's not the vouch which maters it's the confidence you gain with each of them.

So I got 2 in one day. Can't ask for more!! Think I am changing back to a normal trader :-)


Thanks
ams




Quoting albchr
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...
  • #174,992
  • Oct 10, 2009 3:00pm Oct 10, 2009 3:00pm
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
Many thanks for showing confidence in me Nav!!

I am not worthy of your praise on funnymentals as they say. Paul is indeed a good one for them I am just a git who is trying to learn trading :-)

Funnymentally, talk of the town is, cable going less than 150, and more then 165 is really bad for UK as it hurts economy. In the current climate (when UK has lowest IR in history 0.5% ) even with IR @ 1% BOE would like to maintain target of 170.

Same goes for EU, with IR @ 1% they would not like the EU going more than 149-150 and less than 140. So we are talking of range(s) here.


thanks
ams



Quoting nAVIN2007
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!
  • #174,993
  • Oct 10, 2009 3:02pm Oct 10, 2009 3:02pm
target 1.5335 ..sell all rallies till we get there

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  • #174,994
  • Oct 10, 2009 3:11pm Oct 10, 2009 3:11pm
Where can i see this info ratio?

Thanks

Quoting SkyzerFX
"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...
  • #174,995
  • Oct 10, 2009 3:31pm Oct 10, 2009 3:31pm
Quoting malcolmb14
target 1.5335 ..sell all rallies till we get there

Attachment
Yes, I am not trading any retrace, maybe from early 1.59's if we get there.
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  • #174,996
  • Oct 10, 2009 4:16pm Oct 10, 2009 4:16pm
Quoting forexpt
Where can i see this info ratio?

Thanks
Here is very good visual map debt to GDP facts (source: visualeconomics.com)

Check it out JAPAN 170.4% (YEN is overvalued by any means) Otherwise, if this is just how game played,

I don't see nothing special about GOLD at $1050/oz. All fiat currencies are overvalued compare to GOLD with such DEBT #
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  • #174,997
  • Edited 4:58pm Oct 10, 2009 4:31pm | Edited 4:58pm
Also I have very good example what just happens. Was currently

investing in Nat. Gas.. All tech. people for Nat Gas were saying that next target just below $1.

Check this CHART. This is 15 (!!!) - years Trend line was broken by Nat GAS

And watch what happens next.. That was just about few weeks ago..

Look, what you say? It should go below $2 by that chart, at least, right?
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  • #174,998
  • Oct 10, 2009 6:16pm Oct 10, 2009 6:16pm
Quoting SkyzerFX
Here is very good visual map debt to GDP facts (source: visualeconomics.com)

Check it out JAPAN 170.4% (YEN is overvalued by any means) Otherwise, if this is just how game played,

I don't see nothing special about GOLD at $1050/oz. All fiat currencies are overvalued compare to GOLD with such DEBT #

reality we are traders ... not investors ....

trade the charts and we cannot go wrong

think about the fundamentals and for sure we will lose money

I made a bit going long the ES last week ...does it matter that the s&p p/e ratio is about 120% of real earnings right now and is completely overvalued .. hell no ..the chart said go long ..so I did
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  • #174,999
  • Oct 10, 2009 6:40pm Oct 10, 2009 6:40pm
Quoting malcolmb14
And? reality we are traders ... not investors ....
This simply was posted in reply to post: "Where can i see this info ratio?"
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  • #175,000
  • Oct 10, 2009 8:09pm Oct 10, 2009 8:09pm
Quoting SkyzerFX
Here is very good visual map debt to GDP facts (source: visualeconomics.com)

Check it out JAPAN 170.4% (YEN is overvalued by any means) Otherwise, if this is just how game played,

I don't see nothing special about GOLD at $1050/oz. All fiat currencies are overvalued compare to GOLD with such DEBT #
Oh sorry for my english.
i am talk about your sentiment index source. i would like study it for some weeks.

Thanks a lot
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