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Posts by "montmorency"

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montmorency
(Abingdon, United Kingdom)
74 Posts by Anonymous "montmorency":
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montmorency
Abingdon, UK
Posts: 610
14 years ago
Feb 4, 2010 0:17
In Thread: Euro's Dead Cross
@Sass: I'm not sure if it's really appropriate to ask that 2nd question here, since you know the site is hosted by a representative of that company. As to the first question, probably easier to get it from the CMC website.
montmorency
Abingdon, UK
Posts: 610
14 years ago
Feb 4, 2010 0:13
In Thread: GBP Trade Index 18-Year Chart
@Benny: Well that was just me more or less thinking aloud, so not really "answers" :)

Anyway, what you say is again interesting, and got me thinking. I suppose that synthetic trading range being nearly twice the actual trading range observed in that period is another way of saying that you tend not to get the two extremes for EUR/USD and cable happening at the same time.

(But I haven't thought about that very hard....maybe it's wrong).

Anyway, when I first started trading (a couple of years ago), there seemed to be long trends in EUR/GBP, usually in EUR's favour, and it was an easy trend-trade. Seems a bit trickier these days.



Don't know if this is any help:
http://www.dailyfx.com/forex/fundamental/daily_briefing/daily_pieces/scalping_report/2010-01-11-1545-EUR_GBP_Consolidation_offers_Scalping_Opportunity.html
montmorency
Abingdon, UK
Posts: 610
14 years ago
Feb 3, 2010 18:00
In Thread: GBP Trade Index 18-Year Chart
@Pipped: Your first part is right of course. I didn't see that before posting my previous.

Not sure about EUR/GBP and the G/S "cartel" though :-) What about the point that EUR/GBP is much less traded than the other two pairs?
montmorency
Abingdon, UK
Posts: 610
14 years ago
Feb 3, 2010 14:48
In Thread: GBP Trade Index 18-Year Chart
@Benny: interesting. Does that work then? I've always thought it should be possible, but I can never quite work it out ...

EUR/USD : GBP/USD = EUR/GBP

Simple enough fractional relationship, so e.g. if EUR/USD and cable both set to go down, then so should EUR/GBP go down.

In practice, it seems a bit more complex...
montmorency
Abingdon, UK
Posts: 610
14 years ago
Feb 3, 2010 13:06
In Thread: GBP Trade Index 18-Year Chart
@benny: Afraid not! Logically, I would have thought it would have reversed its long fall down from the .90 s, but it hasn't done so, at least not very clearly.

Longer term and sort of fundamentally, I'd be bullish, but now does not seem to be the time.

I'd welcome advice on this myself!
montmorency
Abingdon, UK
Posts: 610
14 years ago
Feb 3, 2010 8:22
In Thread: GBP Trade Index 18-Year Chart
@Benny: In a small way, yes, but with little success. However, from Pipped-Off's comments, I can blame the "cartel"... :-) I thought Pipped had been quiet lately, and was afraid action had been taken to ensure his silence, but glad to see he is still in circulation ... :)
montmorency
Abingdon, UK
Posts: 610
14 years ago
Feb 2, 2010 18:00
In Thread: Gold & Yen's Perfect Desert Storm
Well, in IMT of Febuary 1, 2010 14:40 GMT, you said "Gold rebound to remain limited at last weeks successful resistance of 1115. Interim resistance stands at 1097".

In the video the same evening, I think you talked of commodities falling and also mentioned the 1115 resistance.

In IMT of Febuary 2, 2010 08:30 GMT, you mentioned: "Watch gold's resistance at 1123". That's a bit of a change in less than 24 hours.

I can see that oil and the stock market have rallied, but am unclear as to what is the actual driver here. (Oil seems particularly strong today).

Perhaps "surge" was an incorrect word here (for Gold), but certainly it has demonstrated renewed strength.



So would I be correct to say that Gold is still in the downtrend that started early January, and which is probably capped by the trend line at around 1123?. We have hit 1118 today, so is there now a good question as to whether that resistance will actually hold?
montmorency
Abingdon, UK
Posts: 610
14 years ago
Feb 2, 2010 10:53
In Thread: Gold & Yen's Perfect Desert Storm
Anyone else puzzled by the surge in gold in the last 2 days? What is supposed to be driving this?
montmorency
Abingdon, UK
Posts: 610
14 years ago
Feb 1, 2010 13:10
In Thread: More Euro Losses Ahead
Still not sure how EUR/GBP is supposed to be playing out in all this.
It has been making steady gains in last couple of days.

Looks a bit overcooked today actually, but even so...
montmorency
Abingdon, UK
Posts: 610
14 years ago
Jan 30, 2010 3:51
In Thread: Euro's Dead Cross
@chloe: slightly different ball-game here (UK) I think with spread-betting. Very low entry-level cost for "traders" who may know nothing (as I did, not so long ago). We are very lucky to have Ashraf for the moment.

I've been doing it for almost 2 years and am still a beginner, really.


Lets make the most.


Peace and love to you all.

M.
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