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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chloethebull
Posted Anonymously
14 years ago
Jan 18, 2010 3:25
pippedoff,any thoughts on the start of the week,do u think the usdcad is looking weak or possible consolidating?i see you mentioned usdcad going to 1.0330 hopfully we see it ..gl
PippedOff
Canada
Posted Anonymously
14 years ago
Jan 18, 2010 1:42
Euro goes down, Cable goes off.

Ahhh, to be a part of the Cable Cartel...
PippedOff
Canada
Posted Anonymously
14 years ago
Jan 18, 2010 1:39
Chloe-they gonna let u/c break through 1.0330?

Cable Cartel doing it's thing on eur/gbp to keep gbp/usd elevated.

Ashraf or anyone else, why does the chart lately of gbp/usd replicate that of usd/jpy?
chloethebull
Posted Anonymously
14 years ago
Jan 17, 2010 23:58
hey ashraf,what effect will that scandal talk outta japan have on the usdjpy,an on the markets?thanks
Ashraf Laidi
London, UK
Posts: 0
14 years ago
Jan 17, 2010 18:20
fxtrader, i agree 100%. 1.4280 and 1.4230 are the key levels and i beleive they will be hit this week. the failure of 1.4580 was prominent. anyone shorting the euro must be aware of these resistance levels.

Ashraf
fxtrader8
California, United States
Posts: 13
14 years ago
Jan 17, 2010 16:36
The 1.4280(200 day moving average) and 1.4230 (lows of December 22, 2009) will be key in Euro/USD this week for more fresh downside. It would be a break of off a big Bear Flag Pattern with objective down to the 1.3500 area over the next few months. Adding to shorts shorts into 1.4430-14450 looks tempting.
chloethebull
Posted Anonymously
14 years ago
Jan 15, 2010 20:27
looks like cad ending weak ...not good for mon gl
PippedOff
Posted Anonymously
14 years ago
Jan 15, 2010 20:26
Chloe-u/c jut got romped for a quick 20 pips
PippedOff
Canada
Posted Anonymously
14 years ago
Jan 15, 2010 20:17
If the Cable Cartel pops it anymore than they have alreay (60 pips of the low of the day), it will be right back where it started from earlier today.

I picked up 6 eur/gbp'z down in the real low 0.88s while the Cable Cartel was running stops a 1.6355. Dumped them at 0.8855.

I need to see if .88 holds before I jump in again. I get a feeling the Cartel will be out blasting away come Monday, running as many stops in a light market. They love to do 50 pip round-trips on Sunday opens.

Whar are your thoughts on usd/jpy? At least 90.50 held (for now). Need 10-Year Treasuries prices to fall so yileds go up, demanding Bernanke ceae with the printing money and liquidity shenanigans.

montmorency
Abingdon, UK
Posts: 610
14 years ago
Jan 15, 2010 20:03
Well, well, it's been quite a week (but aren't they all).

I made a few pips shorting EUR/USD, a few more pips shorting cable. Profitable positions now closed for weekend. One small one slightly under water in Euro, and others in cable (but they have enough "air" to breathe and I can wait for them....). Will look to open up a short position in cable at market re-open if there looks to be a good bounce. Should have made more pips today really, but bad timing.

Now long in EUR/GBP from 0.8838. hm... BTW, that guy I referred to from the other forum looks to have got all of his short move and a little bit more if he wanted it (target was 0.8830).
(long EUR/GBP is cheaper to hold over the weekend than short EUR/USD at least :-) ).


Got burned early this morning on AUD/JPY. Ouch, especially as it was probably avoidable. Still, we lose and learn. I'm guessing that the drop was driven by the drop in gold?
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