DislikedIt has to and it will but think for a minute logically.
If you had 2-3 properties or flourishing business in europe and you know the end of euro is near with good value of money to be retained if you sell the business or your properties and convert them into CHF or pound only stable currencies in the euro area. What would you do?
Simple answer. Hence everyone is doing the same. GBP is too expensive and I personally think we should be near 120-130 to be competitive globally but market thinks otherwise. I think BOE has realised that it's time to...Ignored
Cable Update (GBPUSD)
- #313,382
- Edited 6:07am May 16, 2012 5:31am | Edited 6:07am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
You are a market thief.
good thing is theres a wealth of old folks which occassionally post which i have the pleasure of knowing for a while..and not surprised one bit at the damage they can achieve hehe
- #313,383
- May 16, 2012 5:31am May 16, 2012 5:31am
- Joined Jan 2010 | Status: Trader | 10,268 Posts
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return:
0.7%
- #313,384
- May 16, 2012 5:32am May 16, 2012 5:32am
- | Commercial User | Joined Feb 2011 | 2,208 Posts
glad u made out!!!..seriously
Seb
- #313,385
- May 16, 2012 5:34am May 16, 2012 5:34am
- Joined Jan 2010 | Status: Trader | 10,268 Posts
u better be wrong
US lowest interest rates compared to UK makes UK look more expensive to borrow money to start up businesses...
if you cant attract businesses you are going to collapse.... until its cheap enough to do so...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return:
0.7%
- #313,386
- May 16, 2012 5:34am May 16, 2012 5:34am
- Joined Sep 2007 | Status: gone fishing | 5,782 Posts
u have always been a good trader ..
beautiful trades b as always..
Yours truly B.
p.s. gave you my vouch. keep it as a sign to never quit, no matter what.)
- #313,387
- May 16, 2012 5:34am May 16, 2012 5:34am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
- #313,388
- May 16, 2012 5:35am May 16, 2012 5:35am
- | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
I want it to go to 65ishh so u can get out 
then it should tank to parity :-)
British economy is in a big mess, only way out is like euro..talk or manipulate it down to get all those bmw's and merc's and audi's sold..
then it should tank to parity :-)
British economy is in a big mess, only way out is like euro..talk or manipulate it down to get all those bmw's and merc's and audi's sold..
u better be wrong
- #313,389
- May 16, 2012 5:39am May 16, 2012 5:39am
- Joined Jan 2010 | Status: Trader | 10,268 Posts
interesting
i might be blowing it out from my ass but looks to me like it may attempt to test 1.60 before the next leg down to 1.5780-1.5750 confluence zone of 50% fib retrace and lower trendline
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return:
0.7%
- #313,390
- May 16, 2012 5:42am May 16, 2012 5:42am
- Joined Jan 2010 | Status: Trader | 10,268 Posts
I want it to go to 65ishh so u can get out
then it should tank to parity :-)
British economy is in a big mess, only way out is like euro..talk or manipulate it down to get all those bmw's and merc's and audi's sold..
the French and Germany economies alone is outperforming against the UK in terms of economic recovery since the 2008 collapse.... UK is the first to slip into double dip technical recession out of the 3....
Only reason why France and Germany is struggling is because they have el diablo's son on their back stabbing them as they try to climb the mountain of recovery... (PIIGS)
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return:
0.7%
- #313,391
- May 16, 2012 5:43am May 16, 2012 5:43am
- | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
- #313,392
- May 16, 2012 5:46am May 16, 2012 5:46am
- Joined Jan 2010 | Status: Trader | 10,268 Posts
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return:
0.7%
- #313,393
- May 16, 2012 5:48am May 16, 2012 5:48am
- | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
- #313,394
- May 16, 2012 5:49am May 16, 2012 5:49am
- Joined Apr 2011 | Status: Free Palestine.. | 1,567 Posts
I learned that the good trader how knows when to buy not when sell.
All the best mate you winner.
If skills could be acquired by watching, every dog would be a butcher. Turk
- #313,395
- May 16, 2012 5:50am May 16, 2012 5:50am
- Joined Jan 2010 | Status: Trader | 10,268 Posts
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return:
0.7%
- #313,396
- May 16, 2012 5:52am May 16, 2012 5:52am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
I want it to go to 65ishh so u can get out
then it should tank to parity :-)
British economy is in a big mess, only way out is like euro..talk or manipulate it down to get all those bmw's and merc's and audi's sold..
will be happy with 1.63 right now..hopefully this is the bottom
- #313,397
- May 16, 2012 5:54am May 16, 2012 5:54am
- | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
Nope, they fear of QE with it...poor bastar*** are screwed everywhere.....
I am an IT project manager, work for investment banks...so my mate is a trader at front office
Lets keep the name quite as it's a very reputed IB and my contract says lots of documented parameters I do not like to read
I am an IT project manager, work for investment banks...so my mate is a trader at front office
Lets keep the name quite as it's a very reputed IB and my contract says lots of documented parameters I do not like to read
i know i know.... i was surprised they didnt like the USD though.... poor bankers
btw what bank is your friend working in? maybe his bank has been shorting the USD like majority of the banks are doing.... so they totally forgot the significance of Dollar when it comes to risk aversions...
- #313,398
- May 16, 2012 5:55am May 16, 2012 5:55am
- Joined Jan 2010 | Status: Trader | 10,268 Posts
sitting at starbucks enjoying life eh.. lol. very good mate, must have life other than just trading...
anyway, i see ucad has a lot more room down.. perhaps might get cable more upside, but i'm with you, not trading cable.. got bored lately by the move on cable and perhaps until it in sync with fiber i will stay sideline..
hey, have a nice day mate..
Mate... if i were you id better not bet on UCAD to fall back down... UCAD is in an incredibly tight range and im favoring a possible Break upside with the recent bounce from the upward moving trendline...
USDX is also in a bullish run..... so UCAD rather than more room down, is headed for a possible break above the downwards trendline, if it breaks oh boy.... UCAD can go up to 1.0500, hold on to your knickers
Attachment
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return:
0.7%
- #313,399
- May 16, 2012 5:56am May 16, 2012 5:56am
- Joined Nov 2007 | Status: left CanaryWharf desk-tea break | 24,286 Posts
On-site guru & also FF member's' psychiatrist, when not drinking tea
- #313,400
- May 16, 2012 5:57am May 16, 2012 5:57am
- | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts