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Posts by "steven blyth"

147 Posts Total by "steven blyth":
146 Posts by member
Steven Blyth
(London, United Kingdom)
1 Posts by Anonymous "steven blyth":
Steven Blyth
London, UK
Posts: 148
15 years ago
Jun 28, 2009 16:07
Apologies as I double posted this in GBPCHF:

Listening to Bloomberg podcast. Ian Stannard at BNP Paripas sees Euro/CHF moving towards 155 given SNB wont tolerate further appreciation of CHF.

Steven Blyth
London, UK
Posts: 148
15 years ago
Jun 28, 2009 16:03
In Thread: GBPCHF is Done
Listening to Bloomberg podcast. Ian Stannard at BNP Paripas sees Euro/CHF moving towards 155 given SNB wont tolerate further appreciation of CHF.
Steven Blyth
London, UK
Posts: 148
15 years ago
Jun 26, 2009 18:16
Carlco. I believe the shape of the 'cup' is important. The general rule is 20 - 30% of peak price. Another thing to look at is the 200 day MA. If its too far above the average a correction may occur. I havent checked but look out for it registering overbought on momentum and RSI. I guess lets see. :)
Steven Blyth
London, UK
Posts: 148
15 years ago
Jun 26, 2009 11:42
Forextrader. Thanks for your thoughts.
Steven Blyth
London, UK
Posts: 148
15 years ago
Jun 26, 2009 11:16
Forextrader. Do you see dollar strength across the board including the commodity currencies? Or such pairs as say the Aus/USD locked into a trading pattern?
Steven Blyth
London, UK
Posts: 148
15 years ago
Jun 25, 2009 17:37
Qin. Important not to over leverage yourself. Trade small and work your way up. There will always be opportunities. Your positions may yet yield results in the long term. Good luck and keep up the effort to learn what forces drives these markets. It's not easy.
Steven Blyth
London, UK
Posts: 148
15 years ago
Jun 23, 2009 9:51
Its nice to make money while you are asleep. Sold currencies against USD overnight. Thanks Ashraf.
Steven Blyth
London, UK
Posts: 148
15 years ago
Jun 21, 2009 10:46
Hi Pipples. The 'invisible hand' is the enormous amounts of liquidity that the federal banks have been pumping into the market. This has created a support for equities or another way to look at is that it has created a bubble. The markets are likely to fall (gently) a little but may not be enough to invoke panic back into Dollars. So we are probably entering a consolidation phase.
Steven Blyth
London, UK
Posts: 148
15 years ago
Jun 20, 2009 9:22
tarazuze. Depending on your timeframe we could see, as some currency analysts have talked about, a 12 month target for the Pound at $1.80
Steven Blyth
London, UK
Posts: 148
15 years ago
Jun 19, 2009 15:59
Anyone have success today? I'm marginally in the red and have decided to sit out for the rest of the session. Not going my way today.