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Cable Update (GBPUSD)

  • #251,161
  • Sep 6, 2010 6:04am Sep 6, 2010 6:04am
Quoting USD-Bear
I do, question is why at Sep 6, 2010 12:46 market will see that too.....
There can be huge lags between fundamental changes and market changes
US and EU have a lot o debts....obvisouly the UK is not debt free but I do not understand why EUR is going "up" and sterling no!

so....do you think is not possibile to see (example) 1.6000 again ?
  • #251,162
  • Sep 6, 2010 6:11am Sep 6, 2010 6:11am
Quoting dptrader
US and EU have a lot o debts....obvisouly the UK is not debt free but I do not understand why EUR is going "up" and sterling no!

so....do you think is not possibile to see (example) 1.6000 again ?
Mate, what he is saying is that, YES, all you are saying is true but doesn't mean that everyone at this exact moment sees it like that.

Technicals also play a part and the Techies were looking short this morning AND cloggs mentioned the bad news AND the fx360 quote I posted above says there was a large agricultural deal of some sort...

We can never say where PA will go but we can use all the pieces we know to build the best puzzle possible to get a good propability trade. It also depends on how you trade. If you want to trade fundamentals, go to the daily TF as the m15 is not gonna be showing what you think it should...
@pawpaw1000 on Twitter
  • #251,163
  • Sep 6, 2010 6:12am Sep 6, 2010 6:12am
Quoting dptrader
US and EU have a lot o debts....obvisouly the UK is not debt free but I do not understand why EUR is going "up" and sterling no!

so....do you think is not possibile to see (example) 1.6000 again ?
I certainly do, problem is UK abolished QE (which is good) but it will not help economy in the short term but only in the long term.
So it could well be that relative economic data is bad for UK, on the other hand its building a sound base for the future which can't be said for the US
Don't be a hero. Don't have an ego. Always question yourself
  • #251,164
  • Sep 6, 2010 6:17am Sep 6, 2010 6:17am
  •  zigizum
  • | Joined Aug 2010 | Status: Not in a hurry too blow my account | 52 Posts
Quoting Petar_Serbia
Closed 90 pips profit


Reason for Close > Price is near my TL,and also Larger Volume on lower low...That is two reasons.Third reason is i wait Dow JOnes to open and expext to go UP this week,we will see...


Petar

If I get this straight...if you see a larger volume on a lower low (1h) then you close some of your position. Dont really know how to use volume...I have some good info for volume via Reut. but dont get on the ride with it...

somebody any knowledge maybe about volume trading?
  • #251,165
  • Sep 6, 2010 6:26am Sep 6, 2010 6:26am
Quoting Mrs
you were spot on here

Thanks.

Time to take some partial profits now, @ 15360.
  • #251,166
  • Sep 6, 2010 6:29am Sep 6, 2010 6:29am
Quoting pawpaw1000
Mate, what he is saying is that, YES, all you are saying is true but doesn't mean that everyone at this exact moment sees it like that.

Technicals also play a part and the Techies were looking short this morning AND cloggs mentioned the bad news AND the fx360 quote I posted above says there was a large agricultural deal of some sort...

We can never say where PA will go but we can use all the pieces we know to build the best puzzle possible to get a good propability trade. It also depends on how you trade. If you want to trade fundamentals,...
Yes! you are right...
but at the end of the last November we saw the EUR fall (for the greece and other problems)...so the price action wasn't important, because we only done SELL...SELL...SELL


So I think fundamentals are important for a long term trading...
What do you think?
  • #251,167
  • Sep 6, 2010 6:35am Sep 6, 2010 6:35am
Quoting dptrader
Yes! you are right...
but at the end of the last November we saw the EUR fall (for the greece and other problems)...so the price action wasn't important, because we only done SELL...SELL...SELL


So I think fundamentals are important for a long term trading...
What do you think?
Yes, LONGER term... Intraday, not gonna help much... More technical analysis here mate...

EDIT: BTW Do you guys think we are done for the day as US is closed? Maybe just float around until Asia?
@pawpaw1000 on Twitter
  • #251,168
  • Sep 6, 2010 6:36am Sep 6, 2010 6:36am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
shoulda waited for 535xxx, instead of giving my precious 5 pips, my PO nailed it to the pip....expect to go back above 545xx by tomm if possible



Quoting ams
cheers mate...I bought bit** for 5 pips more @ 53550 instead...can't resist
  • #251,169
  • Sep 6, 2010 6:37am Sep 6, 2010 6:37am
Why would abolishing QE help the UK?
Our beliefs are based on logic and the pursuit of clearity.
  • #251,170
  • Sep 6, 2010 6:40am Sep 6, 2010 6:40am
Quoting zigizum
If I get this straight...if you see a larger volume on a lower low (1h) then you close some of your position. Dont really know how to use volume...I have some good info for volume via Reut. but dont get on the ride with it...

somebody any knowledge maybe about volume trading?
Pardon lower volume on lower low... My mistake...
"Buy on fear, sell on greed !!!
  • #251,171
  • Sep 6, 2010 6:43am Sep 6, 2010 6:43am
i'm pending order at 15325, tp at 1.5425 sl at 1.5300

Attached Image (click to enlarge)
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yesterday was good, today is the best, tomorrow is amazing.....
  • #251,172
  • Sep 6, 2010 6:44am Sep 6, 2010 6:44am
Quoting Gbp/usd
Why would abolishing QE help the UK?
Because Printing money is only taking care of the symptoms not the cause... The problem with the economy is Debt and low saving amongst others, QE isn't helping that but rather adding to the problem...

Go watch some peter schiff videos on US DOLLAR BUBBLE and also go to www.nia.us for some info on how the US is destroying their currency by printing it to hell!
@pawpaw1000 on Twitter
  • #251,173
  • Sep 6, 2010 6:46am Sep 6, 2010 6:46am
Quoting Gbp/usd
Why would abolishing QE help the UK?
-lower interest burden
-manageable debts
-lower inflation risks
-profiting from QE-efforts from the US and not have the negative consequences

are some of them....
Don't be a hero. Don't have an ego. Always question yourself
  • #251,174
  • Sep 6, 2010 6:47am Sep 6, 2010 6:47am
Quoting danielabas
i'm pending order at 15325, tp at 1.5425 sl at 1.5300

Attachment
actually i'm not sure it will reach 5325, but i'm not sure if i buy from now, either.anybody has an opinion what price GU will be bouncing back to north??
yesterday was good, today is the best, tomorrow is amazing.....
  • #251,175
  • Sep 6, 2010 6:53am Sep 6, 2010 6:53am
Quoting danielabas
actually i'm not sure it will reach 5325, but i'm not sure if i buy from now, either.anybody has an opinion what price GU will be bouncing back to north??
planning the same (adding to longs) but few pips higher @ 1.5327 (previous low)....
Don't be a hero. Don't have an ego. Always question yourself
  • #251,176
  • Sep 6, 2010 6:54am Sep 6, 2010 6:54am
I have buy post from the morning.what should i do now,price getting lower n lower.want to cut loss or wait for retracement.anybody can give opinion?
  • #251,177
  • Sep 6, 2010 6:55am Sep 6, 2010 6:55am
Quoting pawpaw1000
Because Printing money is only taking care of the symptoms not the cause... The problem with the economy is Debt and low saving amongst others, QE isn't helping that but rather adding to the problem...

Go watch some peter schiff videos on US DOLLAR BUBBLE and also go to www.nia.us for some info on how the US is destroying their currency by printing it to hell!
But wouldn't that make it unlikely as the U.S is the world reserve currency. I've looked into the likes of peter schiff arguments but i'm not convinced. For example how would people pay for oil, since the petro dollar governs the price of oil. Even if you wish to avoid dollars you still have to convert it into dollars just to pay for it.

In the Uk QE help raise the GBP/USD to a post recession high of 1.7100 but as soon as they removed QE the pound, over 6 months, descended to 1.4600. However i would say a weaker pound makes UK exports more competitive, but the UK does not have a sizable manufacturing sector to reduce the trade deficit thus.

I believe printing money to acquire further services so increasing the productivity of a given sector for future investment can outweigh any risk to short term inflation.
Our beliefs are based on logic and the pursuit of clearity.
  • #251,178
  • Sep 6, 2010 7:00am Sep 6, 2010 7:00am
Quoting USD-Bear
planning the same (adding to longs) but few pips higher @ 1.5327 (previous low)....
haha i go with you, buy limit 1.5327
yesterday was good, today is the best, tomorrow is amazing.....
  • #251,179
  • Sep 6, 2010 7:02am Sep 6, 2010 7:02am
GBPUSD Doomed?? A pic speaks a thousand words.... but that looks its heading at least down to 5250.... slightly concerned i closed my short too early at 5390
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  • #251,180
  • Sep 6, 2010 7:08am Sep 6, 2010 7:08am
becarefull folks..4hr got diverence building..pretty strong looking as well
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