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Cable Update (GBPUSD)

  • #250,261
  • Sep 1, 2010 8:08am Sep 1, 2010 8:08am
Quoting nAVIN2007
yup now that sounds like a plan..very soon looking to do this full time..make some real dough..beach is calling us

small bodies on weekly planing out..looking for weekly reversal here to take out monthly
A-ight! I'm gonna start lookin' for a nice spot...many points we have to consider in order to select one....
Hear the music before the song is over ...
  • #250,262
  • Sep 1, 2010 8:10am Sep 1, 2010 8:10am
Quoting Yngwie
Let buying from 5383
Closed at 1.5485 for +102 pips
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #250,263
  • Sep 1, 2010 8:11am Sep 1, 2010 8:11am
Hello I've followed this thread as a lurker for a while, is there a common method everyone here uses for trading the GU, most of you seem to have same/similar targets and the method I use for AUD simply isn't translating well here.
  • #250,264
  • Sep 1, 2010 8:12am Sep 1, 2010 8:12am
Wish I had a dollar for everytime I heard that?

Jim

Quoting nAVIN2007
usd is finished..imho
  • #250,265
  • Sep 1, 2010 8:13am Sep 1, 2010 8:13am
Quoting cloggie
Target reached, as GM am flat. It's been an interesting day.
Hey Cloggs...how's it going?...you in UK or Niederland?
Hear the music before the song is over ...
  • #250,266
  • Sep 1, 2010 8:16am Sep 1, 2010 8:16am
Quoting GlobalMacro
Hey Cloggs...how's it going?...you in UK or Niederland?

UK. And yeah, doing well, thanks.
  • #250,267
  • Sep 1, 2010 8:19am Sep 1, 2010 8:19am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
Good one GM, Nav, Yngwie!!


I am now skeptical as i do not see enough pressure in pound as compare to Euro and Aussie..no one seems much interested in it...

Infact a sell also seems a good idea atm @ 155xxx ofcourse have to see US news first @ 1500hrs?


ta
ams


Quoting GlobalMacro
A-ight! I'm gonna start lookin' for a nice spot...many points we have to consider in order to select one....
  • #250,268
  • Sep 1, 2010 8:21am Sep 1, 2010 8:21am
Quoting nAVIN2007
usd is finished..imho

Will China and the oil countries allow that to happen?
  • #250,269
  • Sep 1, 2010 8:22am Sep 1, 2010 8:22am
Selling from here 1.5480
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #250,270
  • Sep 1, 2010 8:23am Sep 1, 2010 8:23am
Quoting trending
Will China and the oil countries allow that to happen?
China is already buying euros big time.

http://www.bloomberg.com/news/2010-0...-stimulus.html

China sold over 10% of its US debt last month.

The US is not doing itself any favours with its policies.
  • #250,271
  • Sep 1, 2010 8:23am Sep 1, 2010 8:23am
Quoting Nene
Wish I had a dollar for everytime I heard that?

Jim
same
  • #250,272
  • Sep 1, 2010 8:25am Sep 1, 2010 8:25am

Guys the ADP NFP is reported in negative and far below expectation

so is this the indication that friday will not met the expectation?

Peace And Quite Is Utterly Malapropos Of My Departure . . .
  • #250,273
  • Sep 1, 2010 8:27am Sep 1, 2010 8:27am
Quoting trending
Will China and the oil countries allow that to happen?

im taking BS here but i personally believe this whole new world order sh*t and for that to happen usd needs to collapse to bring in a new currency and i know nothing about fundamentals but chart says its on the cards.. euro just needs to recover..pounds goes to recovery mode ..believe me its a possibility which is quite favourable
  • #250,274
  • Sep 1, 2010 8:27am Sep 1, 2010 8:27am
Quoting Vegapunk

Guys the ADP NFP is reported in negative and far below expectation

so is this the indication that friday will not met the expectation?


No the expectation is -100, mostly due to Government losses, the ADP today did not include the government employment figures.
  • #250,275
  • Sep 1, 2010 8:28am Sep 1, 2010 8:28am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
told u, we are not very different in trading :-)



ta
ams


Quoting Yngwie
Selling from here 1.5480
  • #250,276
  • Sep 1, 2010 8:29am Sep 1, 2010 8:29am
Quoting cloggie
China is already buying euros big time.

http://www.bloomberg.com/news/2010-0...-stimulus.html

China sold over 10% of its US debt last month.

The US is not doing itself any favours with its policies.
Ha ha, at least they found buyers for US debt. Wouldn't Chinese exports be affected by lower dollar then?
  • #250,277
  • Sep 1, 2010 8:30am Sep 1, 2010 8:30am
Quoting nAVIN2007
im taking BS here but i personally believe this whole new world order sh*t and for that to happen usd needs to collapse to bring in a new currency and i know nothing about fundamentals but chart says its on the cards.. euro just needs to recover..pounds goes to recovery mode ..believe me its a possibility which is quite favourable

Next month T-bill report will be a good indicator of that. China is ofloading US debt at the fastest rate in couple of years, if they continue to do that and continue to diversify into the Euro, a longer bear run on the dollar could well be in the cards, the big prob though is equities, if they take a turn for the worst also that could halt the decline in the dollar.
  • #250,278
  • Sep 1, 2010 8:30am Sep 1, 2010 8:30am
Quoting cloggie
UK. And yeah, doing well, thanks.
I see...you don't like the continental breakfast, huh?
Hear the music before the song is over ...
  • #250,279
  • Sep 1, 2010 8:33am Sep 1, 2010 8:33am
Quoting ams
told u, we are not very different in trading :-)



ta
ams
u the man
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #250,280
  • Sep 1, 2010 8:33am Sep 1, 2010 8:33am
Quoting trending
Ha ha, at least they found buyers for US debt. Wouldn't Chinese exports be affected by lower dollar then?

The big buyer out there is the Fed, yes the exports will hurt with a lower dollar, but the overal CA will benefit of an increase in Euro. Nobody really knows what China is upto and they could well be the key of where the world economy goes from here. If they actively continue to sell dollars and T-bills and buy up Euros and EU debt, we could well see the EU recovering faster then the US and that will make up for the loss of value in exports to China greater then the decline in Dollars. And equities are the key, so if China sells dollars, the US economy falters further, then equities will be sold of, which in turn holds the dollar up, so China would benefit on all three fronts, a stationary dollar, an increasing euro and increased exports to the EU.
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