Forum > View Topic
by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 3054
Forum Topic:

GBP

Discuss GBP
 
1...266267268269270271272273274275276277278279280...306
Peggy
California, United States
Posted Anonymously
14 years ago
Mar 1, 2010 11:37
Question @Pippedoff: Remember when the rats were pumping up Cable and took it to overbought status inside of a few weeks? Do you think the reverse is now true of them dumping Cable?

Is there any reason here to go long?
montmorency
Abingdon, UK
Posts: 610
14 years ago
Mar 1, 2010 11:29
Yes, nice one. I closed a short today at 1.5065 (for +94pips), only to see it go down to well below 1.50!.
Still, not to be greedy. It's now around 1.4965. Surely it will rebound now though ...?
PureStones
Korea Sout
Posts: 67
14 years ago
Mar 1, 2010 10:52
Pippedoff congratuation!!! your zero trading time.
Xaron
Munich, Germany
Posts: 528
14 years ago
Mar 1, 2010 10:44
Uh oh... what was that? Looks like a good (technical) buy here right above 1.50. :) Went long.
PippedOff
Canada
Posted Anonymously
14 years ago
Mar 1, 2010 2:49
GBP may go down-however euro is a more viable short here as EURGBP has been gapped up (at which I shorted at 0.8993) and will now head back to 0.86 as whipping boy GBP can "pounded" last week, and now it is PIGGY euro turn.

I made 90 plus pips in ZERO trading time by shorting GBPPUSD at close Friday, and closing the position at open today. Never made easier money than that. 90 pips in ZERO TRADING MINUTES.
Qiman
United States
Posts: 237
14 years ago
Mar 1, 2010 0:33
"The broadest measure of sterling's strength the trade-weighted index produced by the Bank of England dropped to a four-month low, down from 78.6 points to 77.9, while the euro climbed to just beneath the 90 pence mark, as economists mulled the fact that the ONS's second revision of GDP was far less promising than it at first seemed."

http://www.telegraph.co.uk/finance/economics/7327017/Pound-slides-as-figures-underline-scale-of-UK-recession.html
chloethebull
Posted Anonymously
14 years ago
Mar 1, 2010 0:22
hi ashraf, i was wondering what u think about trading some gbpcad at this level im way under water on a block its not really hurting me but i thought if a traded some to get back what im down...do u see any support or possible trading range...thanks for your advice
said
France
Posted Anonymously
14 years ago
Feb 28, 2010 10:43
to add to ashraf remark

dont forget guys that during the beginning of 2001 he was trekking around eastern africa and now we might have a shift in african mines due to cost reasons; so he has an edge that most gold guy dont have.
in 2001 i lived in sout east asia nad send an email to rogers stating "is it interesting to invest in CBR index" eh guys he replied and take the time to tell "or u r stupid or u r wealthy cause they are better ways to invest in gold than through the CRB" meaning he was invested at around 300_350 dolar/ounce. WERE YOU?
we might hear maybe that COMEX is gonna buy the index one day and that will be guys like rogers that will be behind the move.
Ashraf Laidi
London, UK
Posts: 0
14 years ago
Feb 28, 2010 1:23
here's a general remark:

why go describing people as "tricksters". Yes, it is true that jim rogers' market timing is poor (he actually admits it) but his call on the commodities boom was bang on. And yes, he had been bullish on commodities since the 1980s so in effect he was way off in timing. (but his rationale was great). Even Roubini's rational for the market crash and debt implosion was argued perfectly (but he was 3 years too early). And yes, rogers may sound very sensationalistic in his way of saying things, but his take on the UK, the pound and the US economy ARE ALL VALID. Again, his timing as you said is poor, but you guys cannot jst make all encompassing remarks about people dismissing them as tricksters, or crooks or etccc.

Life is more complex than that, the market is more subtle than that...and the market is not out there to get you whenever you lose money.

so let us rethink the way we characterize people and the market, instead of issuing such remarks w/out subtelty or responsibility

Ashraf
raulin
london, UK
Posts: 65
14 years ago
Feb 28, 2010 0:52
Montmorency 2 facts GBP not USD dollar was whipping boy last year as well it is not exactly the hardest call in the world to go short cable , the incredible fact is despite record 15 yr plus declines against aussie kiwi and cad and massive depreciation against euro UK is not able to take advantage and sell products abroad . It's a race to the bottom between euro and UK but US economy also a basket case its just they have a reserve currency.
Report Reply
1...266267268269270271272273274275276277278279280...306