GBP/USD trading

Quote from dazed101:

what's wrong with the GBPUSD? US fundamentals are generally negative and GBP has moderate growth. Why is it going down and not up?
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US negative info to be resulted in the next few days.
If you're trading fundamentals then you will meet such discrepancy!!! This moves generated by "Big" players to execute their day-plan. They do not care about fundamentals

GL & GT
 
Quote from forexcranium:

We have Index of Services coming out of UK. I know very little about this indicator. I only started seeing it being released by Bloomberg in October and November of this year. I've never seen it before that, though I think this indicator has been around, just been too small for news services to care about it and release it. In October and November of this year, this indicator came out together with the UK GDP, so I have no idea if the market cares for it or not. Generally speaking, out of all the 7 major countries, UK probably cares about their services sector more than anybody else, but the indicator is only good as long as traders care about it, and due to this indicator being so young, I really doubt that it's going to cause something...we'll see. I won't be trading this, just observing for future reference.

Any thoughts?
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I do not prefer trading of fundamentals, but in the case of Cable it may work. But at least it should be traded then European Markets are open!

GL & GT
 
Quote from forexcranium:

Is there a good broker someone could recommend me if I wanted to trade the GBP/USD pair?

Thanks :)
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Try UK forex brokers: IG Markets, Man Financial, DBFX

:)
 
yes i think short but i already short at 1.9720 not close yet.

If today news bad for USD i will sell after news release.

Remember like NFP and CPI.. :)
 
Quote from Qu|cksilver:

are you full time trader? May i know what system you use?
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I am with the market for 15-16 hours/day...Mostly I trade EU & US sessions
My system is based on open/close/pivot points analysis!!!
 
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