US ($) Currency Thread 1 (closed - use thread 2)

inspector_monkfish

Teachertim wrote: »

LOL ! Not sure why you are being such an !!! ? You did tell us all that last week things were going to be much better, and substantiated this with "Trust me, I know things." Looks like you know Jack to me.

New 6 week low reached lunch time today - who is more right? your prophetic high or the reality of a new low ?

I'm not trying to be nasty, unlike you, but i think it is very unfair that you come on here and give people who do not understand the system false hope and tell them things will get better in the next week, when in actual fact, they won't, and don't. It is not fair to meddle with people that way.

There is a difference between being positive and being a fantasist, personally, I think you are the latter.

hey Teach, think you have me confused. Don't have a nasty bone in me.

I come on here and offer info and up-to-the-minute trading and news stories, and all i get is grief off of you, just because I don't have the power to make it move in the direction you need it to go. You're a bit of order there matey.

Occassionaly I offer my own opinions, not saying you should take them as gospel, but nevertheless its anyones choice to take what I say on board or not.

My opinion is STILL that the Pound is being unfairly 'picked on' by the rest of the world's currencies, and does not deserve to be down this low. You would think that Euroland and US were thriving the way the poor old Pound is getting hammered. So I still predict a turnaround or 'correction' as the markets like to call it. After all, it was only 1 year ago when we were trading at $2 to the £, and I'm sure in reality, that cable should be somewhere inbetween that and todays level (1.60ish).

Now, the time it takes to recover is the difficult part to predict. I was expecting it to have at least got its backside into gear by now, but it quite simply hasn't done that yet.

This just proves once again, how fickle these markets are right now. Especially today when the only news around is a few bad stories concerning UK banks and the Bank of England, from some press stories over the weekend.

Now quit your b ! tchin' dude, and just chill out my friend...

inspector_monkfish

whatusername wrote: »

From a low of 1.37 just 30 minutes or so ago, are we now seeing a recovery beginning?

1.3805 and has got there pretty quickly.

Whats happening?

profit taking works both ways....

whatusername

Well heres hoping it keeps going up then, we need a stronger currency it will instill consumer confidence.

whatusername

Look at it 1.38216, it's going to the moon baby

inspector_monkfish

whatusername wrote: »

Look at it 1.38216, it's going to the moon baby

come on Jason - fly that baby higher......

http://www.youtube.com/watch?v=JvkbFc-th28


1.3850

whatusername

He's no bad eld Jason, but not quite Jack Johnson though

inspector_monkfish

whatusername wrote: »

He's no bad eld Jason, but not quite Jack Johnson though

gotta love Jack.... but I think Jason is more of an allrounder.....

Teachertim

inspector_monkfish wrote: »

hey Teach, think you have me confused. Don't have a nasty bone in me.

I come on here and offer info and up-to-the-minute trading and news stories, and all i get is grief off of you, just because I don't have the power to make it move in the direction you need it to go. You're a bit of order there matey.

Occassionaly I offer my own opinions, not saying you should take them as gospel, but nevertheless its anyones choice to take what I say on board or not.

My opinion is STILL that the Pound is being unfairly 'picked on' by the rest of the world's currencies, and does not deserve to be down this low. You would think that Euroland and US were thriving the way the poor old Pound is getting hammered. So I still predict a turnaround or 'correction' as the markets like to call it. After all, it was only 1 year ago when we were trading at $2 to the £, and I'm sure in reality, that cable should be somewhere inbetween that and todays level (1.60ish).

Now, the time it takes to recover is the difficult part to predict. I was expecting it to have at least got its backside into gear by now, but it quite simply hasn't done that yet.

This just proves once again, how fickle these markets are right now. Especially today when the only news around is a few bad stories concerning UK banks and the Bank of England, from some press stories over the weekend.

Now quit your b ! tchin' dude, and just chill out my friend...

I'm hardly blaming you because the dollar is not where I want it to be - I'm a touch more mature than that !

inspector_monkfish

Teachertim wrote: »

I'm hardly blaming you because the dollar is not where I want it to be - I'm a touch more mature than that !

...really?

inspector_monkfish

1.3850 is now an upside resistance level
which is prob why the rally stalled there (either that or jackie took a peep)
back 1.38 now

downside resistance is 1.3750