September [censored] thread

[Al_Money]

Thanks ahnuld, missed it my first read through of the sticky.

[john kane]

i need help:

march 2008 forward gbp/usd.

i want to short the dollar. do i buy or sell this? (i've worked out amounts, just not sure whether i should be buying or selling)

[DcifrThs]

[ QUOTE ]
i need help:

march 2008 forward gbp/usd.

i want to short the dollar. do i buy or sell this? (i've worked out amounts, just not sure whether i should be buying or selling)

[/ QUOTE ]

lol, what is the quote? symbol is 6BH8 from interactivebrokers. i can't get a live quote though so i can't tell whether to buy or sell it.

typically though GBP/USD indicates that purchasing this contract is going long the pound short the dollar.

always double check though.

so i'd purchase this contract for whatever it is if you wanna go short the pound (i.e. should be quoted as $2.10 or something to the pound for mar'08 as a guess)

Barron

[john kane]

thanks for reply barron. to be more specific:

Forward GBP/USD March 2008
Sell $1.9963
Buy $1.9976

i agree i want to buy to short the dollar.

given you expect march 2008 to be about $2.10, do you think this is a good short?

[john kane]

fwiw their dec 2008 is $2.0019/$2.0031 and daily is $2.0069/$2.0072

this is through www.igindex.co.uk

[DcifrThs]

[ QUOTE ]
thanks for reply barron. to be more specific:

Forward GBP/USD March 2008
Sell $1.9963
Buy $1.9976

i agree i want to buy to short the dollar.

given you expect march 2008 to be about $2.10, do you think this is a good short?

[/ QUOTE ]

i just guessed that the USD woudl be priced to depreciate significantly.

given that i see it is priced to appreciate, it may be a good short. question is, given the interest rate diff & relative growth expectations, why is it priced that way?

i'd do a bit of research to figure out why that is the case, but i think given what i see in the markets, the dollar is overpriced.

Barron

[john kane]

i just shorted, very small amounts though, basically $100 for every $0.01 swing. i should put more down as i have $20K which i should hedge against dollar depreciating.

thanks for replies, i should do some research, but no matter how much i do i imagine it wouldnt be enough, so ill go with my gut instead [img]/images/graemlins/smile.gif[/img]

[john kane]

i feel physically ill. i just went to put some cash on long on gold, dec price is $719. sickkkk. way higher than i want. i wish i had done this a couple of weeks ago, dang holiday made me run out of time to sort it out.

[john kane]

[ QUOTE ]
ffs. just a couple of days ago i was going to spreadbet long on gold leveraging a [censored] load. it was at $680. now it's up at $700. [censored] [censored] [censored]. im going to anyway though.

[/ QUOTE ]



FUUUUUCCCCKKKK IT'S NOW AT $720. WHY THE [censored] DIDNT I DO THIS. FUUUCCKKKKK. UP $12 TODAY.

[john kane]

dec price up to $726. this is unreal.