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17 Posts Total by "bear":
14 Posts by member
BEAR
(Nevada, United States)
3 Posts by Anonymous "bear":
 
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BEAR
Nevada , United States
Posted Anonymously
14 years ago
Apr 30, 2010 0:52
In Thread: GBP
I'm really not sure what is holding this thing up? So, did the GBP make it to the bottom faster than the Euro earlier in the year to watch the Euro fall out of the sky?

May 10th is BOE day...what are the chances of a 25bps raise?

UK CPI running at +3.0% with an upper limit of 2%?

Not sure what is holding this thing up? Even Soros advertised the need to lower the GBP to encourage trade preferences.
BEAR
Nevada, United States
Posts: 14
14 years ago
Apr 5, 2010 5:04
In Thread: GBP Trade Index 18-Year Chart
Btw, thank you Mr. Laidi for giving us all a window into the global market! You analysis is purely amazing and I thank God for helping me to find you site...I wish you a deep sense of satisfaction for you and your team.
BEAR
Nevada, United States
Posts: 14
14 years ago
Apr 5, 2010 4:42
In Thread: GBP Trade Index 18-Year Chart
...Or you can short EUR/GBP also. :)

when you are losing in a trade, make the next trade even better and it improves your mood instantly and clears the clouds.
BEAR
Nevada, United States
Posts: 14
14 years ago
Apr 5, 2010 4:37
In Thread: GBP Trade Index 18-Year Chart
I am short G/U at the moment and it has gone against me, no doubt. So, I opened a hedge offering at GBP/CHF last week and now I'm just under B/E....which is great! If G/U heads up past 1.5381...I'll add to my long GBP/CHF position. Last weeks cb intervention on GBP/CHF was pretty amazing.
BEAR
Nevada , United States
Posted Anonymously
14 years ago
Feb 10, 2010 2:32
In Thread: EUR Trade Index 18-Year Chart
Whoa - wait a minute...you guys were in Las Vegas - "hello!" Any fx traders come to my town, better give me a call :)

So, we have (2) two 900+ pip impulsive waves down on this embattled E/U pair and are now coming to the end of a 'shallow' correction. We should see another 700-900 pip move down...take today's high of 1.3826 and tell me why the rumor of a Greece bailout didn't take this pair up higher? The answer: It was nothing but noise folks!

The .618 retracement of the prior decline is at 1.3858...and the .236 retracement of the larger wave down from 1.5150 is 1.3942 (2nd option).

Now ask yourself...If I'm expecting a 700-900 pip move down from these levels...wouldn't that settle around Mr. Laidi's 1.32, Morgan Stanley's 1.2800, and Goldman Sachs 1.2000? It took the last retracement from 12/22 - 1/13 to move 400 pips in 21 days...in just 24 days we moved from 1.4600 - 1.3600 - smashing 1,000 pips down in nearly the same time.

I think when he gives you a figure, you need to sit down and analyze your responsibilities in executing the trade.
BEAR
Nevada, United States
Posts: 14
14 years ago
Feb 2, 2010 6:18
In Thread: Ashraf's Book: Currency Trading and Intermarket Analysis
Ashraf

Congratulations on the short list for SHORTY AWARDS!!!! It's time to dedicate a thread on the forum to it right?!? Honestly, I think it would be wise just to get the votes rolling!!!

It's amazing to see you topping the charts as one of the finalists! We all know you work extremely hard and deserve the award - regardless of the outcome.

On a personal note, you need a bio on here too so we can come to know the man behind the mayhem. Too many fans not to have a bio (we're all dying to know your favorite movie tag line) :)
BEAR
Nevada, United States
Posts: 14
14 years ago
Feb 2, 2010 6:00
In Thread: Gold & Yen's Perfect Desert Storm
Ashraf,

Gold weakening in volume and price...what are the fundamental catalyst that you see most affecting the price of gold right now? Better stated, If I were working for you at CMC...which intermarket patterns would you have up for studying future gold prices? :)
BEAR
Nevada, United States
Posts: 14
14 years ago
Jan 15, 2010 5:44
In Thread: GBP Trade Index 18-Year Chart
I think we still have a while yet before the GBP drops - I have a 1.6350/55 level on watch tonight....with the 3rd target set at 1.6400. This crazy pair is certainly taking it's time. We basically have less than 16-20 real hours till the markets closes...then we have a long weekend for US markets.

Once it drops Chloe, it's going to be a very long and fairly fast fall (relatively speaking)...it's going to fall some 600-700 pips. I see 1.5700 in scope.
BEAR
Nevada, United States
Posts: 14
14 years ago
Jan 14, 2010 9:50
In Thread: GBP Trade Index 18-Year Chart
GBP

In channel now headed for 16330.

I am waiting for a break of either 16310 (upside) or 16260 (downside) to enter a position. I see it going long at the start of the US session. Looks like it could be range bound until news breaks in US session. I took 2 different positions at 16275 and rode them up to 16300 for a quick 25 pips but takes forever.

good luck all
BEAR
Nevada, United States
Posts: 14
14 years ago
Jan 13, 2010 17:47
In Thread: GBP Trade Index 18-Year Chart
PippedOff

You ever study EW Theory? Does your other forum 'respected source' trade based off of EW theory?

Here's my groups blog: http://ewsurfreport.blogspot.com/

*** Please note to all posters - that this is NOT FIRM INFO and you should do your own analysis - EW is very tough to call on the spot!

My twitter is: @forexmajors
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