Wazua
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Realities of Forex Investment
Rank: Member Joined: 3/10/2008 Posts: 301 Location: Abu Dhabi
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Morning all,
The AUDNZD sounds like a good trade. Though the techs look abit oversold at current levels (looking at daily),it would be a good short on retracement to 1.27 levels. This is considering Australia is looking to cut rates by as much as 50 bps in the next meeting.
Good luck.
Whats for today? Long cable?
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Rank: Member Joined: 8/8/2008 Posts: 97
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Morning fellow traders!
@Toni & Ngaatu…Thanks for the input.
About the GBP,I would advise to wait till 11:30 for the employment report before going on some pipping spree…then exit your positions ASAP coz there will be the BOE inflation report @ 1230…from there you can go short or long depending on the outcome of the report.
Anyone who lives within their means suffers from a lack of imagination
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Rank: Member Joined: 3/10/2008 Posts: 301 Location: Abu Dhabi
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Already in and out for 20 pips. Thx. Will wait for the data
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Rank: Member Joined: 7/9/2008 Posts: 44
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Well,how many of you fellows are interested in becoming money managers?
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Rank: Member Joined: 8/8/2008 Posts: 97
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FYI…the GBP data expectations are as follows: UNEMPLOYEMENT RATE Expected to come out @ 5.3%...Average Earning 3.6% and claimant count is expected @ 17.5k
Look for deviations before trading.
Anyone who lives within their means suffers from a lack of imagination
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Rank: Member Joined: 8/8/2008 Posts: 97
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All data is GBP negative…advisable to wait for the inflation rate too before committing yourself to the GBP trade but all depends on the individual trader.
Anyone who lives within their means suffers from a lack of imagination
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Rank: Member Joined: 8/8/2008 Posts: 97
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Overall Info is -ve for the GBP...go short on it but remember we got US core retail sales out at 15:30...be on the look out.
Anyone who lives within their means suffers from a lack of imagination
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Rank: Member Joined: 1/19/2008 Posts: 4
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any one on a short gbp/usd ave gone from 1.9005 to 1.8875 n still moving .voila good pips for me. enjoy ur pips men
getbusy
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Rank: Member Joined: 8/8/2008 Posts: 97
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The GBP/USD pair movement is due to BOE King's dovish statements that are practically not a good outlook on the UK economy. As i said earlier on,you have to be very careful about retracements in anticipation of the US core retail sales later on in the day...
Anyone who lives within their means suffers from a lack of imagination
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Rank: Member Joined: 8/8/2008 Posts: 97
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Another long ...i wish there was a chatroom where we could analyze all these currencies and what one is trading on. We could really help each other make money this way. FOREX trading is supposed to be a non-selfish venture. If we all make money out of collective input,the better.
Anyone who lives within their means suffers from a lack of imagination
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Wazua
»
Investor
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Offshore
»
Realities of Forex Investment
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