Cable Update (GBPUSD)
Correct, that's why looking at UC and uCAD is so helpful to keep you from getting caught in the whipsaws. Today most of my trading was away from Cable for that exact reason, just focusing on the "clean" dollar pairs.
Crap, I was watching UJ, and was thinking why is everything going up. By the time I figured out yen went down even more its too late.
Holding cash does not pay the bills, so when the economy is growing and the news is good, you need to put that cash to work so you sell the cash and buy the riskier investments. You also need to keep in mind that most of the big MF's are not allowed to short stocks, they can only unwind their positions into cash, so they don't make an income, they start buying stocks again when the news is good and they sell of their cash piles, that's where the currency traders make the money.
Hi Cloggie,
I see at least you understood some little things about finance business.....no joke just a compliment....I'm just back from very nice and long (6 weeks) vacation.....and really dream to be in peace with everyone....even with you
that just highlights a point fella! worked out nice though didnt it hope you got some to
today. Will wait for Monday and hope we get some decent trending going.
He buddy, good to see you again, just because we disagreed once, does not make us arch enemies....
thanks for making my day a better day 
here is a chart 4xStar, light and dark colored areas with the days open or rollover price being the dividing line , bullish bias if you open and trade above the open , bearish bias if you open trade below the open , until it gets taken out one way or the other, a support or resistence line till taken out . Think of the open area or rollover price as a river box area
Just go back over my posts, I have been pretty clear about how the broader market works and how money flows within it affecting currency pairs.
The criteria for risk aversion are different for every fund, I just look at the general picture of the current risk, today was a risk-on day. Equities was the driver.
You need to evaluate the appetite for risk in the market by judging how the riskier instruments fare versus the risk aversion instruments, Gold and Equities are a good first indication, then look at CHF, USD, YEN and see the correlation to...
The big turt in the punchbowl is the outflow of equity funds that just keeps continuing, it shows that the consumer has no confidence in the rally and that the big boys are using any bit of news to sustain it.
