Forum > View Topic (Analytic)
by Ashraf Laidi
Posted: Nov 18, 2008 3:15
Comments: 1310
View Analytic
This thread was started in response to the Analytic:

GBP Trade Index 18-Year Chart

Daily GBP (British Pound) chart of 18 years of cyclical developments in finance & politics
 
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nzvik
Auckland, New Zealand
Posts: 225
14 years ago
Feb 15, 2010 0:59
possbile bullish week - looking to enter long GBP with a stop below 1.5530. Target 1.61+
chloethebull
halifax, Canada
Posts: 1183
14 years ago
Feb 14, 2010 21:19
u think we;ll get to close our positions mine being gbpusd short?u thinkn they will be successful at defending 10k?thanks
simao
casablanca, Morocco
Posts: 51
14 years ago
Feb 14, 2010 21:02
hello ashraf and thnx for all analys. what is your view on GU this week, we can go to touch 5300? or not , explain me your view plz and thnx

mohamed
LouisvilleAK
Kentucky, United States
Posts: 4
14 years ago
Feb 14, 2010 20:25
Ashrif,

With the euro sitting at it's fib retacement from it's last big bull run could we see a strong correction to the downtrend in the next week?

Thanks Terry
PippedOff
Canada
Posted Anonymously
14 years ago
Feb 14, 2010 20:14
Chloe-now you see why I remained flat (except for a small usd/cad) position after all my limit orders to close were hit on the Chinese news. The PPT came in BIG TIME to the markets. They will defend Dow 10k at ALL costs.

Monday is a holiday in the U.S. If I open any additional positions in asia/european sessions today, they will be closed by 9 am NYT tomorrow.
aswat
United States
Posts: 5
14 years ago
Feb 13, 2010 1:36
Thanks, Ashraf, for the quick response.
Ashraf Laidi
London, UK
Posts: 0
14 years ago
Feb 13, 2010 0:46
aswat, you can hedge your short cable by long EURJPY (smaller position than cable) or "conservatively" long EURUSD.

Ashraf
aswat
United States
Posts: 5
14 years ago
Feb 12, 2010 23:55
I hope this isn't a stupid question. I have a short position in GBP/USD with stops at 1.5850 (the low of the previous wave down).

My question for anyone who has an idea is this: How could I hedge this position? What are the options?
chloethebull
halifax, Canada
Posts: 1183
14 years ago
Feb 12, 2010 18:42
hey piped, ya i decided to jump in ,on ashraf call on gold lagging behind an prob will end up selling off later in the day, an with crude having such a build theres no way it can sustain any big gain actually it should end soft...thanks for pointing out the (gbp) im deffin closing it out today(in ur defense i like it when ur pointing out the goldman manipulation)after u mentioning i might close out my gbpusd sooner than i expect an move into usdcad(ashraf says eyeing 1.0590)..thanks
montmorency
Abingdon, UK
Posts: 610
14 years ago
Feb 12, 2010 18:41
@Pipped: 1097.8 eh? Yes, I see what you mean. I'd probably have been better waiting for something like that. "Wait for the market to come to you...", rather than chasing it. I'm getting slightly better at this, but still need to work on it.

@Rob: Yes, I think that 1067 was a _possible_ short-term target, e.g. for today. At one point I thought it was heading south with good momentum, but it bounced back. Maybe it will turn out that that ~1077 (double bottom...?) was the low of the day. Let's see what next week brings.
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