GBP/USD

[Mr J]

Beware of the dog:

 

[Wysiwyg]

Beware of the dog:

Nothing a bullet won`t fix.

 

[cashflow_08]

Beware of the dog:

lol. Probably have to get Steve Nison to put that in his up coming edition book.

 

[Timmy]

Beware of the dog:

That's funny. Anyone see that article about Jackson Pollock putting his name into one of his paintings? I read it and saw it immediately ... and thought, yep, that's what a technical analyst will see! Sorry OT.

 

[Tradesurfer]

I can see the seminar advertisement now: Follow the dog to FX riches...

Think next week (on a serious note) is when ECB and Great Britain central banks come out with interest rate decisions or atleast some words to chew on

 

[caribean]

My favorite scenario was a short at this 1.6111ish level, however i did not believe it will be a simple touch and reverse affair, i might be proved wrong.

Second touch.

 

[cashflow_08]

Good catch caribean.! Didnt see the horizontal support but traded it with the tL.

 

[>Apocalypto<]

sent some time on the GBP/JPY tonight as well as on the cable. all i can say great night on the short side!

 

[Mr J]

S&R, may be all one needs .

Good catch caribean.! Didnt see the horizontal support but traded it with the tL

You would've had to been awake in the early hours of AM to catch it.

I missed the trendline though, unfortunately Quotetracker gives lousy 4hr support (only 10 days of data - god knows why) so I have to try and pick it out on the daily.

 

[white_goodman]

im short till 1.51 area, got in a week ago...

the pound is very bearish even with USD weakness it struggles to move up..

 

[caribean]

So far a classic reaction to fib levels, break down beyond previous low should
see as reaching 1.5700ish and 1.5550 and eventually 1.5300 even.
Further consolidation around this range area without serious break below might change the whole idea...then again, maybe not
Who cares?

 

[caribean]

Good catch caribean.! Didnt see the horizontal support but traded it with the tL.

Ahh yes the TL was good too

 

[i_in]

What's going on here!? What's the sentiments these days :>

 

[Tradesurfer]

still short based upon original short entry after a bearish gravestone doji at about 1.67. Had my stop initially at the top of the wick about 1.70. Moved my stop to breakeven. Now just letting the trend do what it will do.

Does seem to be some old support between 1.50 and 1.40. If it gets down there may have to tighten buy stops to protect profits in case of a reversal.

Since I entered off a weekly chart-been holding since about August 10th. No predictions, just trying to manage the trade. Slow moving trade.

 

[i_in]

ahaa, good deal, congrats, I still keep a few long and wait for better times as well to add long in euro 4620/40 I may post a count later
gl&gt

 

[Kryzz]

Why would a fall in inflation cause the pound to fall (in lamans terms please)? I understand it's below the target of 2%, and it was lower than forecast (according to FF), but isn't it still better than inflation rising? So low inflation domestically causes less demand for that country's currency?

I'm not complaining however as im short atm, just a bit confused!

http://news.bbc.co.uk/2/hi/business/8304028.stm

 

[white_goodman]

Why would a fall in inflation cause the pound to fall (in lamans terms please)? I understand it's below the target of 2%, and it was lower than forecast (according to FF), but isn't it still better than inflation rising? So low inflation domestically causes less demand for that country's currency?

I'm not complaining however as im short atm, just a bit confused!

http://news.bbc.co.uk/2/hi/business/8304028.stm

i think you will find low inflation means less likely to raise interest rates.... basically means that there economy is weak... notice how well AUD did after the raise in rates

 

[noirua]

I'm betting on a rate of US$1.50 to the £1 and unless they take drastic measures in their Autumn 'Budget' in a few weeks time, I may go for US$1.30 to the £1.

There are great sums to be won or lost on the GBP/USD and of course, the GBP/AUD.

The run up to a General Election around May 2010 could influence the value of sterling.

 

[Mr J]

Reacting nicely to the trendline on the 4hr.

 

[caribean]

Maybe an intermediate, or major,top around 1.6500 ,i have levels above and below, not to mention another major TL,
Ahhh, predictions, predictions.
Or maybe just anticipations.