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A Discussion of GBP with SergiPavl

  • #41
  • Jul 14, 2006 3:17am Jul 14, 2006 3:17am
Market comment.

I stick to my opinion voiced earlier about the prospects of the pound.

PS. Funny thing about mid\long-term currency FCasts made by banks. There are basically two problems concerning this. First, they get it wrong on a regular basis. Second, different banks give conflicting FCasts for the same time intervals. As an example of the latter, compare a recent Goldman Sachs prediction of the euro reaching 1.37 in half a year and that af a Citigroup talking of 128-130 goals in the dollar\yen pair.

That's why I never beleive 'em.
Don't trade opinion
  • #42
  • Edited 3:38am Jul 14, 2006 3:38am | Edited 3:38am
Quoting habeeb
Agreed, but it's kinda hard changing diapers and watching the market at the same time . Just a few more years, then I'm done with that.
Get someone to potty train you Habeeb then you can sit at the computer and do whatever you need as and when.
All you'll need to do then is tip it out of the window during the old Bollinger squeeze periods.

Peter
  • #43
  • Jul 14, 2006 6:18am Jul 14, 2006 6:18am
I expect a major pound sell-out triggerred by euro's downfall which seems imminent to me.
Don't trade opinion
  • #44
  • Jul 14, 2006 7:04am Jul 14, 2006 7:04am
When I look at the totality of recent fundamental data, I keep getting the feeling that the pound is overvalued and the dollar is undervalued. For some reason lately there is a disconnect between the fundamental data and its effect on the market, giving the market a distinctly irrational appearance.

Is it possible that the reason for this is sentimental in some fashion
  • #45
  • Edited 7:51am Jul 14, 2006 7:13am | Edited 7:51am
Quoting moonchild
For some reason lately there is a disconnect between the fundamental data and its effect on the market, giving the market a distinctly irrational appearance.Is it possible that the reason for this is sentimental in some fashion
Your post will serve as a stimulus for me to derive some general conclusions:

1. most times there is a disconnection between fundamental data and its effect on the market
2. irrational appearance is the prevalent appearance of the market
3. the reason for any market move is sentimental
Don't trade opinion
  • #46
  • Jul 14, 2006 8:03am Jul 14, 2006 8:03am
The bears took control of the pair. Objective: hold control
Don't trade opinion
  • #47
  • Jul 14, 2006 8:19am Jul 14, 2006 8:19am
CBs may be buying the euro at 1.2640\45 which prevents it from falling.
The latter is nevertheless unavoidable.
Don't trade opinion
  • #48
  • Jul 14, 2006 8:28am Jul 14, 2006 8:28am
hey Sergie ,

im kinda new here, but have some years of experience trading, what i dont understand is that why the hell is dollar getting strong when for the past 2 days oil is climbing to record highs, gold is climbing and bad news for US and yet it gains even though we dont have a positive on consumer spending as of this time,
  • #49
  • Jul 14, 2006 8:31am Jul 14, 2006 8:31am
to Ahmed

How long have u been trading that u don't know why something is happenning?
Don't trade opinion
  • #50
  • Jul 14, 2006 8:37am Jul 14, 2006 8:37am
8 years,
  • #51
  • Jul 14, 2006 8:47am Jul 14, 2006 8:47am
Quoting ahmedjilani
8 years,
Oh, man... Not often do we get such numbers...

I've got 2 questions:
1. Have u been doing forex for a living all these years or just for fun
2. How come u don't know the basics (it's either u lied about your experience or just kidding for I cannot believe it)
Don't trade opinion
  • #52
  • Jul 14, 2006 8:48am Jul 14, 2006 8:48am
Then range for the pound keeps getting smaller and smaller. We had an inside day yesterday on the daily, and today is forming well within the trend line. Pennant- won't go above or below the trend line. US news isn't good. Why do we not get a rally?
  • #53
  • Jul 14, 2006 8:50am Jul 14, 2006 8:50am
nevermind, im sorry for gettin your opinion
  • #54
  • Jul 14, 2006 8:52am Jul 14, 2006 8:52am
The euro is over & done with. Likewise, the pound.
Don't trade opinion
  • #55
  • Jul 14, 2006 8:57am Jul 14, 2006 8:57am
I am new and was asking an important question. What signals do you have that it will fall? Is it because it won't go above the 200 sma on the 4 hr chart?
  • #56
  • Jul 14, 2006 8:57am Jul 14, 2006 8:57am
Quoting LadyofMusic1
Why do we not get a rally?
Who said we didn't get a rally?

We ARE HAVING it right this moment. Ya-hoo!!!!!!!!!!!
Don't trade opinion
  • #57
  • Jul 14, 2006 8:58am Jul 14, 2006 8:58am
Quoting LadyofMusic1
I am new and was asking an important question. What signals do you have that it will fall? Is it because it won't go above the 200 sma on the 4 hr chart?
Can't discuss it in public. Prefer ICQ which u don't seem to have.
Don't trade opinion
  • #58
  • Jul 14, 2006 9:01am Jul 14, 2006 9:01am
Sergi, are you selling a service or product?

Scott
Quoting SergiPavl
Can't discuss it in public. Prefer ICQ which u don't seem to have.
  • #59
  • Jul 14, 2006 9:07am Jul 14, 2006 9:07am
SergiPavl you need to stop being so condescending and relax. Geesh.
  • #60
  • Jul 14, 2006 9:11am Jul 14, 2006 9:11am
When someone asks an honest question trying to learn from the answers, I don't think insults are appropriate. I have been trading since May. I am trying to learn as much as possible. If that offends you, I am sorry.
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