Pound Vs Dollar

[Chilli]

No worries mate. On a daily rate, the trade will expire very day unless you roll it. But doing this you have to pay the spread each day. So by chosing the future contract, you only pay the spread once, although it's a little bit more expensive!

[bananaman1]

Ah gotcha cheers

[ShadownINja]

Chilli, you lucky, LUCKY bd.

[Chilli]

Luck??????!!!!

Oh, ok then! +250 now with the little long Dow bet (slightly better than the -8k)! A few beers in Le Mans over the weekend now!

Cheers.

[ShadownINja]

Referring to your GBP/USD "investment". What did you close it at?

[Chilli]

ShadownINja said:

Referring to your GBP/USD "investment". What did you close it at?

Took a £200 hit, but gained £750 on the Dow. Should have stayed in, but was/am well chuffed to get out of it, given the expiry tomorrow and the fact it was over £8k down a few days back!

[ShadownINja]

Very lucky with the GBP/USD trade, then. Stops are in!

[Merritt]

Is the expectation then for it to level out for the moment or continue climbing slowly? The recent dip was attributed to a possible Gordon Brown leadership contest which has failed to materialise...

I suspect that anything over $1.75 by the end of the year is unlikely but then im no expert....

Steve

[ShadownINja]

Merritt said:

Is the expectation then for it to level out for the moment or continue climbing slowly? The recent dip was attributed to a possible Gordon Brown leadership contest which has failed to materialise...

I suspect that anything over $1.75 by the end of the year is unlikely but then im no expert....

Steve

I don't have a crystal ball. The financial journos always try to link movements to something. If they watch the charts for hours on end like I do, they'll see it shift 100 pips in a few minutes for no reason whatsoever. They'll attribute that to some half baked news report like a guinea pig went missing in Wandsworth, no doubt. s, the lot of them.

[BigAlinEmbra]

Chilli said:

bananaman1 said:

have a read of this
http://www.bloomberg.com/apps/news?pid=20601083&am...
Might help u understand/help u make your decision.

Thing is, there's always an "expert". There will be others saying the exact opposite. Surely there is little more bad news re government that can effect the £. Even if Labour fold, the thinking will be towards a stronger, healthier governemtn in the form of the tories, will will have a positive impact. A quick rumour that the $ is no longer such a safe bet will see it fall. Millions of things could trigger it either way...Im simply hoing for a one way move!

The only thing the past year has taught is that even the folk that do it for a living don't have a scoob, so the folk that get paid a journalist's wage aren't going to be any better.

Just keep guessing mate!

[Chilli]

BigAlinEmbra said:

Chilli said:

bananaman1 said:

have a read of this
http://www.bloomberg.com/apps/news?pid=20601083&am...
Might help u understand/help u make your decision.

Thing is, there's always an "expert". There will be others saying the exact opposite. Surely there is little more bad news re government that can effect the £. Even if Labour fold, the thinking will be towards a stronger, healthier governemtn in the form of the tories, will will have a positive impact. A quick rumour that the $ is no longer such a safe bet will see it fall. Millions of things could trigger it either way...Im simply hoing for a one way move!

The only thing the past year has taught is that even the folk that do it for a living don't have a scoob, so the folk that get paid a journalist's wage aren't going to be any better.

Just keep guessing mate!

TOTALLY agree!

[bananaman1]

Oh well best i revert to the old eeny meeny miny mo strategy then

[ShadownINja]

bananaman1 said:

Oh well best i revert to the old eeny meeny miny mo strategy then

Heads it's long, tails it's short. Target 100 pips, stop 50. Have fun.