Pound Vs Dollar
Discussion
So, the value of the pound against the dollar has been improving & is currently at a 7month high of $1.64 / £
GRAPH HERE
Question is - where do you think it will stabilise? Im guessing that figures of $1.9 to the pound are unlikely?
Any thoughts?
Steve
GRAPH HERE
Question is - where do you think it will stabilise? Im guessing that figures of $1.9 to the pound are unlikely?
Any thoughts?
Steve
Tis nice to hear this. I went long at 1.6540, and am currently getting murdered. I can understand Gordon's mess is screwing with the £ at the mo, but also I expected many investors to dump the $ now that investor risk appetite is appearently growing....no signs of that in the last 3 or 4 days. I hope it turns around, and as early as Monday!
Any thoughts on the next few days?
Any thoughts on the next few days?
bananaman1 said:
I reckon what with all the issues with Mr brown at the moment,could be abit rough over the next week or so.Pesonally i have my eye on usd/cad.
Quite. However, the EUR/USD seems to be going well. Not sure whether to cut my losses. I know the minute I do, cable will rocket! Surely it won't fall that much further.Edited by bananaman1 on Saturday 6th June 09:46
FXstreet.com Independent Analyst Team − Trends are tumbling across the board, with euro under 1.40 and Gbp fighting the 1.60 level. Despite corrections have been expected, the in deep of actual movements put in doubt dollar weakness, and if rates hikes become a reality, majors won't look back in a long time.
Oh the joys of the forex
Oh the joys of the forex
Edited by bananaman1 on Saturday 6th June 13:26
Chilli said:
Tis nice to hear this. I went long at 1.6540, and am currently getting murdered. I can understand Gordon's mess is screwing with the £ at the mo, but also I expected many investors to dump the $ now that investor risk appetite is appearently growing....no signs of that in the last 3 or 4 days. I hope it turns around, and as early as Monday!
Any thoughts on the next few days?
Any thoughts on the next few days?
Just how big are your stops?
Chilli said:
bananaman1 said:
I reckon what with all the issues with Mr brown at the moment,could be abit rough over the next week or so.Pesonally i have my eye on usd/cad.
Quite. However, the EUR/USD seems to be going well. Not sure whether to cut my losses. I know the minute I do, cable will rocket! Surely it won't fall that much further.Edited by bananaman1 on Saturday 6th June 09:46
ShadownINja said:
bananaman1 said:
Henk Potts , the money expert on talk sport.Reckons $1.75 by the end of the year.
In 2007, he predicted the FTSE would hit some all-time high in 2008 just before the markets crashed, didn't he?Stop is at 1.4950!
I got in at 1.6550. I watched it climb to 1.6630 twice in an hour. So, I wait. It gets back down to 1.6550 so I jump in expecting a 70-80 point gain, @ £10 a point, a nice days work.
Really didn't expect it to fall to 1.5948.
If this doesn't come back, I might have to go and get a real job!
I got in at 1.6550. I watched it climb to 1.6630 twice in an hour. So, I wait. It gets back down to 1.6550 so I jump in expecting a 70-80 point gain, @ £10 a point, a nice days work.
Really didn't expect it to fall to 1.5948.
If this doesn't come back, I might have to go and get a real job!
Chilli said:
Stop is at 1.4950!
I got in at 1.6550. I watched it climb to 1.6630 twice in an hour. So, I wait. It gets back down to 1.6550 so I jump in expecting a 70-80 point gain, @ £10 a point, a nice days work.
Really didn't expect it to fall to 1.5948.
If this doesn't come back, I might have to go and get a real job!
I got in at 1.6550. I watched it climb to 1.6630 twice in an hour. So, I wait. It gets back down to 1.6550 so I jump in expecting a 70-80 point gain, @ £10 a point, a nice days work.
Really didn't expect it to fall to 1.5948.
If this doesn't come back, I might have to go and get a real job!
Hope it bounces back for u chilli,thats a nasty lossbananaman1 said:
Chilli said:
Stop is at 1.4950!
I got in at 1.6550. I watched it climb to 1.6630 twice in an hour. So, I wait. It gets back down to 1.6550 so I jump in expecting a 70-80 point gain, @ £10 a point, a nice days work.
Really didn't expect it to fall to 1.5948.
If this doesn't come back, I might have to go and get a real job!
I got in at 1.6550. I watched it climb to 1.6630 twice in an hour. So, I wait. It gets back down to 1.6550 so I jump in expecting a 70-80 point gain, @ £10 a point, a nice days work.
Really didn't expect it to fall to 1.5948.
If this doesn't come back, I might have to go and get a real job!
Hope it bounces back for u chilli,thats a nasty loss
h s I can't really get stuck into too much as I might need the capital to prop this one up. Broken my own rules again by having all my eggs in one basket and moving my stop.ShadownINja said:
Holy fark. So you have a 1600 pip stop and your target was 70 pips?
I know someone who traded with big stops and went for 50-100 pips here and there. Suffice to say, he's doing the 9 to 5 again.
Afraid so. I aim for about 2 or 3 trades a day, just picking a few points here and there. But as I said earlier, I broke my own rules and moved the stop. Promised myself I wouldn't do it again...I was just covinced it would turn!I know someone who traded with big stops and went for 50-100 pips here and there. Suffice to say, he's doing the 9 to 5 again.
If I get out of this alive, I'll stick to my strict rules...Promise God!
I really can't go back to the 9-5 Bank job....bores me to tears. And I can't do anything else. Apart from this and one other trade, I've had 30 or 40 (in the 3 weeks I've been at home)that have been fine, and I've been making good money. Been told so many times that you never win, but I desperately want to make a go if it! Trading from bed/sofa...out 10 minutes later, work done for the day!
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