Posts by "pippedoff"

bammm - BLAST OFF. iNCRDDIBLY, GDP RIPS UP ANOTHER 20 PIPS, WHILE THE eur DIVES BELOW 1.45. You got it. 12 more pips lopped of Eur/gbp.

Apparantly GDP/usd has cured cancer and solved all theworlds economic probles.

Pair now butting up right against the 1.6235/40 cap resistance Ashraf mentioned.

Eur/gbp now down to .8930. Gee, ya think someone knows what the economic data coming out of the UK later is? Ya think it will be positive for Gdp?

Usd/Jpy back up to .9020. This is where it usually drops 30 pips in 15 minutes.

1.6200 being vigorously defended by Gdp/usd bulls. It only blew through there 15 minutes ago.

Bam - in the time it took me post last message, another 12 pips was thrus on top of the Gbp to print frsh highs at 1.6221, and the eur DROPPED 4 pips in the same time.

How? Easy. Just take off a few more pips from the eur/gbp.

Gonna be like this all European session. Eur up 50 pips and Gbp up 70 pips from Asian lows.

And Gold? Doing nothing at 1129. Corellations are breaking down.

Higher-significantly higher.

Imagine where Eur/usd would be had the 70 pips not been lapped off eur/gbp in front of the UK economic data set to be released in 2-1/2 hours. (A move which began"smartly"yesterday).

Could see 1.46 prints on eur/usd after all gbp/usd buy-stops are taken out. At that point, the eur/gdp will be bid aggressively to do the same to the eur/usd shorts.

All my stops have been hit. I have re-entered them 65 pips higher on eur, and 100 pips on gdp. I expect them to be filled in European session.

Other targets: usd/chf 1.0120

Th magnitude of the move we have seen today in pre-Eurpean trade on the gbp/usd are very rare.

Gbp/Usd setting up to breach the 1.6240 resistance cap by at least 50 pips within three hours in response to UK economic data some seem to know already.