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34 Posts Total by "kam":
31 Posts by member
Kam
(london, United Kingdom)
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Kam
london, UK
Posts: 31
13 years ago
Nov 5, 2010 15:52
In Thread: EUR
Check ou daily chart on EURUSD. Price action around 1.4 in last few weeks corresponds pretty much exactly to price action around 1.5 same time last year i.e break of 1.5 small pullback, then higher high and then the HUGE reversal. Uncanny or just good old price behaviour theory. Also noteworthy that news on Euro debt problems, increase in spreads reemerging just like last year....I leave you to ponder...

Ashraf...any thoughts on this
Kam
london, UK
Posts: 31
13 years ago
Nov 5, 2010 15:45
In Thread: USD
Ashraf, The usdchf call you made just hit your suggested stop but i think your call is still correct i am now long from 9560 target is 1.0000. stop at 9470. Any thoughts on this? Eur reversal which is probable (a close below 1.4 will definitely favour it) will also boost usdchf long??

Kam
london, UK
Posts: 31
13 years ago
Nov 5, 2010 15:44
In Thread: CHF
Ashraf, The usdchf call you made just hit your suggested stop but i think your call is still correct i am now long from 9560 target is 1.0000. stop at 9470. Any thoughts on this? Eur reversal which is probable (a close below 1.4 will definitely favour it) will also boost usdchf long??
Kam
london, UK
Posts: 31
13 years ago
Oct 26, 2010 19:40
In Thread: GBP
Hi Ashraf...I have finally joined your forum after following the forum and twitter for a few weeks and reading your book which i must say was as enthrolling as it was thought provoking.

In way of my first forex post on this forum, I would like to ask you of you opinion on GBPUSD. Do you still eye 1.53 in near term or has todays gdp put some doubt on it on actually reaching 1.53 or on timing of it happening? Personally i think the Q3 GDP has little relevance as all the action (referring to spending review) has occured since q3 and future at the moment looks bleak for or atleast very uncertain (which usually means bearish for ). So there is big disconnect between Q3 and Q4 onwards. Also noteworthy q3 gdp boosted mainly by construction and govt spending which surely is not sustainable simply based on the spending cuts let alone impact on consumption etc.
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