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by Ashraf Laidi
Posted: Jun 18, 2009 11:28
Comments: 17
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This thread was started in response to the Hot-Chart:

GBPCHF is Done

 
 
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forextrader
vologda, Russia
Posts: 127
15 years ago
Jun 18, 2009 19:37
Hey Qin
No reason just more dollar buyers than sellers in NewYork hours today. And stock market retreat from it is high

Dima
stubbs0821
Manila, Phillipines
Posts: 17
15 years ago
Jun 18, 2009 19:35
Ashraf, just read your IMT. I do hope that my comments dont imply any pointing of fingers for my current losses. your insights are always appreciated. USDCHF and GBPCHF have shown some pullback after reaching ceilings in their respective down trendlines. placed my stops above said trendline, above 1.7800. i agree that GBPCHF will go down - hopefully foregoing any stop huntings. good day!
Qin
Jonkoping, Sweden
Posts: 492
15 years ago
Jun 18, 2009 19:27
Hey,
No news, maybe market wants to trigger some stop loss.
Qin
Jonkoping, Sweden
Posts: 492
15 years ago
Jun 18, 2009 19:21
Hey,
EUR/USD is selling off very heavily, is there anyone know that what is happening??
Ashraf Laidi
London, UK
Posts: 0
15 years ago
Jun 18, 2009 19:11
stubbs, yes true but GBP is shpwing LESS STUBBORNESS and todays rebound in GBPCHF had ALL TO DO with CHF weakness rather than GBP strength.

Rob, see my answer in the upcoming IMT

Ashraf
Rob
New York, United States
Posts: 305
15 years ago
Jun 18, 2009 17:46
Hi Ashraf,

I just checked your Twitter - so the SNB came in after you posted the chart and decided to sell Francs again (because they saw your chart? :) - seriously though, because of the strength it received after their comments? Did I get that right? Looks like GBP/CHF has a lot of upward momentum, and obviously broke through some of those resistance levels. Please clarify, thanks.
stubbs0821
Manila, Phillipines
Posts: 17
15 years ago
Jun 18, 2009 17:06
hi Ashraf. the pound has been very stubborn in the past few days, refusing to break below 1.6200 - which seems to be keeping the GBPCHF from falling. my shorts are starting to get scary. will a break above 1.7750 (1.6450 in GBPUSD) perhaps signal a significant change in sentiment?
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