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Cable Update (GBPUSD)

  • #353,481
  • Nov 18, 2013 1:36pm Nov 18, 2013 1:36pm
As Robert Anton Wilson once quipped: "If you think you know what the hell is going on, you're probably full of shit."

I respectfully ask that the Cable thread not return to a time gone by... we are all students with a permanent seat upon the constant learning curve.
Author of: For Pip's Sake! (Available at Amazon... :-) )
  • #353,482
  • Nov 18, 2013 1:38pm Nov 18, 2013 1:38pm
Quoting akki300986
{quote} hey your point of interest rate is only one determinant of the ccy rates.. for your benefit i am pasting others below.. and on the interet rate differential always keep in mind that interest rates only make one ccy cheaper to borrow relative to other.. but if the investing opportunities is in the same cheaper ccy then interest rate parity is not of much importance.. euro might be cheaper to borrow than australian dollar but if all the lucrative opportunities to invest in in europe then one cant borrow euro and buy Australian dollar to invest...
Thanks for your copy and paste analysis and your further insults. You da man... NOT
Welcome to my iggy list
If you want to tell me anything else, you'll have to do so with one of your other identities you have on FF... Oh yes, did I mention I already knew that?
Those who say it cannot be done should not interrupt those who are doing it
  • #353,483
  • Nov 18, 2013 1:40pm Nov 18, 2013 1:40pm
Quoting PipTrapper
{quote} Okay so I'm a blonde girl... So what? SP500 is up approx 100% since Jan 2009 EuroStoxx 600 is also up approx 100% since Jan 2009 The IBEX is undervalued relative to 2009 (as you say), but the Spanish national stock exchange IS an illiquid market. It might be relatively undervalued, but I hardly see how a few hundred million in capital flows is going to change the value of the Euro in any significant way. Okay, let's give you the benefit of the doubt on this one... not that you deserve it after trying to insult my intelligence, but perhaps...
120% is not equal to 105%.. people kill for 15%


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  • #353,484
  • Nov 18, 2013 1:42pm Nov 18, 2013 1:42pm
Quoting 45Condor
As Robert Anton Wilson once quipped: "If you think you know what the hell is going on, you're probably full of shit." I respectfully ask that the Cable thread not return to a time gone by... we are all students with a permanent seat upon the constant learning curve.

It would be great if someone can present their ideas without yelling over anyone's heads with insults.
Last time I checked economy professors make horrible traders.
I do suggest everyone to read Market wizards books specially latest one Hedge fund wizards.Its an eye opener how these guys think.
I sent out copies whoever requested plus more.
Point is we are traders not investors! We are not going to hold positions over a year or two hence lot of fundamentals does not necessarily apply not to mention every trend has serious corrections as well.
In trading, you have to be defensive and aggressive at the same time
  • #353,485
  • Nov 18, 2013 1:43pm Nov 18, 2013 1:43pm
Quoting 45Condor
As Robert Anton Wilson once quipped: "If you think you know what the hell is going on, you're probably full of shit." I respectfully ask that the Cable thread not return to a time gone by... we are all students with a permanent seat upon the constant learning curve.
  • #353,486
  • Nov 18, 2013 1:43pm Nov 18, 2013 1:43pm
Quoting 45Condor
As Robert Anton Wilson once quipped: "If you think you know what the hell is going on, you're probably full of shit." I respectfully ask that the Cable thread not return to a time gone by... we are all students with a permanent seat upon the constant learning curve.
Agreed Condor. Some people like to force their views on others and then insult them when they don't agree.

There's a simple solution for that... The "Ignore" button. It works wonders.
Those who say it cannot be done should not interrupt those who are doing it
  • #353,487
  • Nov 18, 2013 1:50pm Nov 18, 2013 1:50pm
Quoting akki300986
... http://successfortress.com/wp-conten...ini-blonde.png

O man, the best in entire thread...
There is a winner and a loser, nothing in between.
  • #353,488
  • Nov 18, 2013 1:52pm Nov 18, 2013 1:52pm
Quoting akki300986
{quote} 120% is not equal to 105%.. people kill for 15% {image}
I don't think anyone is getting their numbers right here.

SPX is up 99.2%
STOXX 600 is up 58.3%

Both since Jan 2009 and because we are considering relative performance there is a ccy adjustment.
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  • #353,489
  • Nov 18, 2013 2:11pm Nov 18, 2013 2:11pm
Quoting JeremyWS
{quote} I don't think anyone is getting their numbers right here. SPX is up 99.2% STOXX 600 is up 58.3% Both since Jan 2009 and because we are considering relative performance there is a ccy adjustment. {image}
I was wondering when you would chime in on this one Jeremy

and I'm glad you did. You're the resident :nerd:here and I always appreciate your input.

Yes of course if you adjust for exchange rates on a USD base, it paints a different picture. However, you must consider that for performance purposes, Eurozone assets should me measured in Euros and American assets measured in USDs... in which case I believe I am quite close with my "approx 100%" claim.

For the most part, if Americans invest in foreign capital markets, they usually hedge themselves against the ccy exchange risks... or at least the smart ones do anyway.
Those who say it cannot be done should not interrupt those who are doing it
  • #353,490
  • Nov 18, 2013 2:11pm Nov 18, 2013 2:11pm
Quoting 45Condor
As Robert Anton Wilson once quipped: "If you think you know what the hell is going on, you're probably full of shit." I respectfully ask that the Cable thread not return to a time gone by... we are all students with a permanent seat upon the constant learning curve.
Indeed Sir,

“Never wrestle with pigs. You both get dirty and the pig likes it.”
― George Bernard Shaw
  • #353,491
  • Nov 18, 2013 2:14pm Nov 18, 2013 2:14pm
Quoting JimmyC
{quote} Indeed Sir, “Never wrestle with pigs. You both get dirty and the pig likes it.” ― George Bernard Shaw
Absolute genious that Shaw.
Those who say it cannot be done should not interrupt those who are doing it
  • #353,492
  • Nov 18, 2013 2:18pm Nov 18, 2013 2:18pm
Quoting PipTrapper
{quote} I was wondering when you would chime in on this one Jeremy and I'm glad you did. You're the resident :nerd:here and I always appreciate your input. Yes of course if you adjust for exchange rates on a USD base, it paints a different picture. However, you must consider that for performance purposes, Eurozone assets should me measured in Euros and American assets measured in USDs... in which case I believe I am quite close with my "approx 100%" claim. For the most part, if Americans invest in foreign capital markets, they usually hedge themselves...
very true that we could look at this in EURs, but I think the context was for capital inflows - therefore whatever we consider, both assets need to have the same ccy denomination.

if "Mr Macro" Aki300986 has knowledge of capital flows for Europe, he would know to look at EUR cross currency basis swaps to determine true demand for speculative EURs to invest. but who knows - doubt he does...
  • #353,493
  • Nov 18, 2013 2:19pm Nov 18, 2013 2:19pm
Quoting JimmyC
{quote} Indeed Sir, “Never wrestle with pigs. You both get dirty and the pig likes it.” ― George Bernard Shaw

He was a genius...



The power of accurate observation is commonly called cynicism by those who have not got it. George Bernard Shaw
Author of: For Pip's Sake! (Available at Amazon... :-) )
  • #353,494
  • Nov 18, 2013 2:19pm Nov 18, 2013 2:19pm
Quoting JimmyC
{quote} Indeed Sir, “Never wrestle with pigs. You both get dirty and the pig likes it.” ― George Bernard Shaw
I interpret this as "Never argue with and try to teach idiots. You both get dumb and the idiots like it". Just ignore idiots, no need to teach them, because they are stubborn.
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #353,495
  • Nov 18, 2013 2:21pm Nov 18, 2013 2:21pm
I think whats important is the fundamental animal generally is far bigger than your knowledge of this one point ,if correct or not ,and its not tradable
as I see eu and gu down lol
ej also ,au down ,$ gonna be very bullish



Quoting akki300986
{quote} hey your point of interest rate is only one determinant of the ccy rates.. for your benefit i am pasting others below.. and on the interet rate differential always keep in mind that interest rates only make one ccy cheaper to borrow relative to other.. but if the investing opportunities is in the same cheaper ccy then interest rate parity is not of much importance.. euro might be cheaper to borrow than australian dollar but if all the lucrative opportunities to invest in in europe then one cant borrow euro and buy Australian dollar to invest...
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #353,496
  • Nov 18, 2013 2:23pm Nov 18, 2013 2:23pm
Quoting JeremyWS
{quote} very true that we could look at this in EURs, but I think the context was for capital inflows - therefore whatever we consider, both assets need to have the same ccy denomination. if "Mr Macro" Aki300986 has knowledge of capital flows for Europe, he would know to look at EUR cross currency basis swaps to determine true demand for speculative EURs to invest. but who knows - doubt he does...
Actually the context was about the European equities being undervalued and the argument made by Mr. Macro was that it would compel investors (Like Bill Gates) to dump US equities and buy Eurozone equities.

Hey I'm no expert on what deep pocketed investors do with their money, but if Jim Rogers is anything to go by, I'm not following.

Anyway, we're here to trade the moves, not to invest in a 10 year position.
Those who say it cannot be done should not interrupt those who are doing it
  • #353,497
  • Nov 18, 2013 2:25pm Nov 18, 2013 2:25pm
Quoting ffleo
{quote} I interpret this as "Never argue with and try to teach idiots. You both get dumb and the idiots like it". Just ignore idiots, no need to teach them, because they are stubborn.
we have a concord
  • #353,498
  • Nov 18, 2013 2:25pm Nov 18, 2013 2:25pm
Quoting PipTrapper
{quote} Actually the context was about the European equities being undervalued and the argument made by Mr. Macro was that it would compel investors (Like Bill Gates) to dump US equities and buy Eurozone equities. Hey I'm no expert on what deep pocketed investors do with their money, but if Jim Rogers is anything to go by, I'm not following.
if he looks at a chart of spanish equity and sees that it has underperformed US equity and comes up with the conclusion that it is undervalued then he is delusional. But we need suckers in the market for us to profit.
  • #353,499
  • Nov 18, 2013 2:27pm Nov 18, 2013 2:27pm
also this is a false bullish set up


Quoting Bones
I think whats important is the fundamental animal generally is far bigger than your knowledge of this one point ,if correct or not ,and its not tradable as I see eu and gu down lol ej also ,au down ,$ gonna be very bullish {quote}
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #353,500
  • Nov 18, 2013 2:29pm Nov 18, 2013 2:29pm
b very sweet as bears
there b angry 58 held

Quoting Bones
crack open the popcorn
On-site guru & also FF member's' psychiatrist, when not drinking tea
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