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Cable Update (GBPUSD)

  • #319,121
  • Jul 19, 2012 2:46am Jul 19, 2012 2:46am
seems like oil also keeping pound strong
  • #319,122
  • Jul 19, 2012 2:47am Jul 19, 2012 2:47am
Quoting bbmac
even in these ranging markets when a range tp (or bottom) gives an there is a sudden burst - like this one just up - it still fells good if you are on the right side of it even after all these years- and Barry White was playing on the radio as it happened - doesn't get much better than that lol !

G/L
so true
90% of traders use TA, indicators and prediction
  • #319,123
  • Jul 19, 2012 2:50am Jul 19, 2012 2:50am
Quoting redbeben
chart attached on the 17th

1.5650 should do as a TP even if first stop seems to be @1.5670-75 area.
I'll leave it open till 1.4500 this time.

I base this trade fundies only as GBP must depreciate before the olympics so the olympians can buy cheaper fish and chips

p.s. today I'll post no charts coz I am on the road heading to the beach for some surf.
  • #319,124
  • Jul 19, 2012 2:54am Jul 19, 2012 2:54am
Quoting redbeben
I'll leave it open till 1.4500 this time.

I base this trade fundies only as GBP must depreciate before the olympics so the olympians can buy cheaper fish and chips

p.s. today I'll post no charts coz I am on the road heading to the beach for some surf.
lol - whoever is coming for the olympics are already coming so a cent or two or whatever on/off the exchange rate won't make a difference either way to their spending whilst here. Only a huge appreciation of sterling against their home currency in the next few days will affect that and that assumes they haven't already changed their money to sterling.

Good surfing.

G/L
ex member
  • #319,125
  • Jul 19, 2012 2:56am Jul 19, 2012 2:56am
Quoting bbmac
even in these ranging markets when a range tp (or bottom) gives an there is a sudden burst - like this one just up - it still fells good if you are on the right side of it even after all these years- and Barry White was playing on the radio as it happened - doesn't get much better than that lol !

G/L

  • #319,126
  • Jul 19, 2012 3:01am Jul 19, 2012 3:01am
Quoting redbeben
I'll leave it open till 1.4500 this time.

I base this trade fundies only as GBP must depreciate before the olympics so the olympians can buy cheaper fish and chips

p.s. today I'll post no charts coz I am on the road heading to the beach for some surf.

i so dont get this..its almost like people think the goverments actually care this much..people that come here are well off!! otherwise they stay at home and watch tv

its about sentiment..people are coming to UK in thousands and u cant even buy tickets right now..how can a trader see this as negative? with this kind of influx also PA on a bigger time aspect has a challenge to respect this kind of change

its only positive..money will change hands in the UK and spur on the ecomony (i hope)lol
  • #319,127
  • Jul 19, 2012 3:03am Jul 19, 2012 3:03am
Quoting nAVIN2007
Nav the GBP BULL how are you? where do you see the pound heading?
  • #319,128
  • Jul 19, 2012 3:04am Jul 19, 2012 3:04am
Quoting redbeben
I'll leave it open till 1.4500 this time.

I base this trade fundies only as GBP must depreciate before the olympics so the olympians can buy cheaper fish and chips

p.s. today I'll post no charts coz I am on the road heading to the beach for some surf.

  • #319,129
  • Jul 19, 2012 3:05am Jul 19, 2012 3:05am
Quoting bbmac
lol - whoever is coming for the olympics are already coming so a cent or two or whatever on/off the exchange rate won't make a difference either way to their spending whilst here. Only a huge appreciation of sterling against their home currency in the next few days will affect that and that assumes they haven't already changed their money to sterling.

Good surfing.

G/L
hi there,I was ironic....there were other fundamentalists on this thread saying that GBP will depreciate....and I said that it actually apreciated as I see it in my pockets every day .from 1.18 went up to 1.25-1.30
  • #319,130
  • Jul 19, 2012 3:05am Jul 19, 2012 3:05am
Quoting Nachiket
Nav the GBP BULL how are you? where do you see the pound heading?

honestly 1.64- 1.6480..then down potentially but not till then
  • #319,131
  • Jul 19, 2012 3:06am Jul 19, 2012 3:06am
Quoting nAVIN2007
honestly 1.64- 1.6480..then down potentially but not till then

good to see your optimism alive. LONG LIVE THE QUEEN.
  • #319,132
  • Jul 19, 2012 3:08am Jul 19, 2012 3:08am
Quoting redbeben
hi there,I was ironic....there were other fundamentalists on this thread saying that GBP will depreciate....and I said that it actually apreciated as I see it in my pockets every day .from 1.18 went up to 1.25-1.30
yeh I get that lol, I always take notice of your analysis...enjoy your surfing I am envious lol !

G/L
ex member
  • #319,133
  • Jul 19, 2012 3:10am Jul 19, 2012 3:10am
Quoting Nachiket
good to see your optimism alive. LONG LIVE THE QUEEN.
  • #319,134
  • Jul 19, 2012 3:12am Jul 19, 2012 3:12am
long is looking strong, lets see if this baby hold, if so i can see 1.5824 area
  • #319,135
  • Jul 19, 2012 3:20am Jul 19, 2012 3:20am
Quoting nAVIN2007
i so dont get this..its almost like people think the goverments actually care this much..people that come here are well off!! otherwise they stay at home and watch tv

its about sentiment..people are coming to UK in thousands and u cant even buy tickets right now..how can a trader see this as negative? with this kind of influx also PA on a bigger time aspect has a challenge to respect this kind of change

its only positive..money will change hands in the UK and spur on the ecomony (i hope)lol

gbp will go to 1.15 by the end of august guaranteed.the more thousands will come to UK the heavier the island will be...so it will sink

why will we still have a GBP is coz the island will not go all the way to the bottom making the pound disappear but it will just loose some of it's land,people will crowd on the hills(normally on the hills you have luxury villas) where they will fight with the dukes and princes so there will be a civil war as well.

maybe,maybe if they are lucky they will use the olympic rings as life rings and throw them on the corners of the country to lift it just a bit above the water.


and now,in the real world,any kind of sports event holiday like the olympics will only make a gap in the country's currency and here's the logic.

the zillion people going there are mostly broke but still think they have money...so they buy the trip on credit card.credit card means buying the trip and pay for it in 12 months or whatever meaning adding more debt to the country they come from.

as spending there....they don't have a dime(I've seen it in most of the 5stars resorts around the world)where tourists don't even leave the hotel as all was paid by CC.so,apart from the hotels and bus/train tickets and olympic tickets there will be nothing bought on a large scale.and the hotels and the transport divisions don't pay taxes anyway as they are too big to pay taxes so...there's no money to the budget so still a big hole


I was just on the phone with a friend that went for holidays in Greece....tourism is the best.prices very high and no receipts....this is why Greece is in a hole.

anyway,if the EU people spend on CC to see the olympics this will take EU lower and this will drag the pound with it.


it's not quite logic is it ?
  • #319,136
  • Jul 19, 2012 3:25am Jul 19, 2012 3:25am
i can see big moves today leading into friday, good luck to all
  • #319,137
  • Jul 19, 2012 3:39am Jul 19, 2012 3:39am
you boys can have it, im out of the market, she's acting like my girlfriend can't make up her mind
  • #319,138
  • Jul 19, 2012 3:41am Jul 19, 2012 3:41am
market knee-jerk £ sell on the worst than expected UK retail sales +0.1 -vs- +0.6% forecast -vs- +2.3% last mth.

G/L
ex member
  • #319,139
  • Jul 19, 2012 3:43am Jul 19, 2012 3:43am
mmm im thinking retail sales went bad ?
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #319,140
  • Jul 19, 2012 3:50am Jul 19, 2012 3:50am
Quoting Bones
mmm im thinking retail sales went bad ?
great news im on the run
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