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by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 3054
Posted: Feb 22, 2010 5:00
Comments: 3054
Forum Topic:
GBP
Discuss GBP
Ashraf
i am short aswell.
ptaczek
you are right about the fundamentals and i am not saying that it will go above 1.60, the only question is why should i hold my losses if i can short it again at higher point like 1.5480 and obviously a weekly close above 1.53 or a break of 1.54 will only suggest a short term higher move to 1.58 maximum and that can also be wrong. anyways its just about risk management i am talking about here and in no way i am in favor or suggesting a higher gbp.
I did shorts 153.80 let see how it play.
Thanks
Your mileage may vary.
Gold is another story entirely, IMHO.