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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montmorency
Abingdon, UK
Posts: 610
14 years ago
Feb 18, 2010 22:10
[That should have been "so many pounds per pip", but the pound sign disappeared].

@Pipped: Oh did I miss another SNB intervention? I keep hoping for one of those to come along, but they never do when I am expecting one :)
montmorency
Abingdon, UK
Posts: 610
14 years ago
Feb 18, 2010 22:07
Goodness, that was a sharp fall - I've settled for 1109.

@Chloe: I'm still a relatively small trader, and actually, because I'm spread-betting, not trading in the proper sense, I don't work in contracts as such. In SB, you just trade so many per pip. So it's hard to answer, but in my terms I just had one "contract" from 1123, although I had another (older one) from 1115, and closed them both at 1109. Maybe it will fall further, but it looked like it might stop and reverse, so I took what was on the table. I'm very happy with that for now.
PippedOff
Canada
Posted Anonymously
14 years ago
Feb 18, 2010 21:06
I am expecting the Cable Cartel to reappear and start offering EURGBP to the world again soon. Very bearish for euro, neutral for GBPUSD. I only have a very small short in GBPUSD because of this, and a little larger short in euro.
PippedOff
Canada
Posted Anonymously
14 years ago
Feb 18, 2010 20:49
@chloe-also, don't forget but CADJPY has the added component of USDJPY into the fray with USDCAD.

We just needed a little spark, a tiny catalyst to overcome the PPT and start ther next leg down in equities. USDJPY will drop like a rock at that point.
PippedOff
Canada
Posted Anonymously
14 years ago
Feb 18, 2010 20:47
@chloe-my experience with "commodities" (and cad pairs are commodity driven) is they tend to "overshoot" the "caps". Thereversals are quich, sharp and stunning.

The PPT is doing their job perfectly by gossing the spoos to drive equity prices higher and higher, bring the risk trades back in the market. Look at the fools pouring everything they got to chase Gold and Aussie. Aussie will tumble as it always does starting at around 5 pm NYT.

The PPT and the RBA, separated at birth. BY the way, the SNB intervened and sold CHF today for the fourth time in four weeks.
chloethebull
Posted Anonymously
14 years ago
Feb 18, 2010 20:42
hey guys ,ashraf saying cadjpy capped @87.55 but we have over shot that to 87.65..is that a huge buying oppertunity or is there concern that it over shot?its these lil details that make my trading a lil off @ times..thanks for the input..gl
PippedOff
Canada
Posted Anonymously
14 years ago
Feb 18, 2010 20:42
PPT does their thing YET again, pushing U.S. stocks to close at or close to the highs of the day, with the majority of the move right here in the last 1-1/2 hours to 2 hours of equity trading.
PippedOff
Canada
Posted Anonymously
14 years ago
Feb 18, 2010 20:40
@chloe-1020 may be a good medium term target here. However, it will not go straight down so you've got to be nimble.

I agree with Mont that first leg down should bring 1113, then 1105/1103.

Don't you love the PPT. The are like clockwork, everyday. Goose spoos, bid gold, deceive public.

God Bless the PPT!
chloethebull
Posted Anonymously
14 years ago
Feb 18, 2010 20:38
thanks mont,if u don;t mind me asking how big a position do u take?i did 5 contracts due to the fact im not 100% what 1 contract consists of i think mayb 10oz..if im wrong could u explain proper trading strategy...pipedoff my 1st usdcad order was just filled..1.0413..thanks an gl guys
montmorency
Abingdon, UK
Posts: 610
14 years ago
Feb 18, 2010 20:30
I'm aiming for ~1105.
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