Forum > View Topic (Analytic)
This thread was started in response to the Analytic:
GBP Trade Index 18-Year Chart
Daily GBP (British Pound) chart of 18 years of cyclical developments in finance & politics
Short on cable at 1.6230.....
do you still have a bearish outlook on pound in the
near term? where do you feel it is capped at?
Regards,
Karan.
I sold Today GBP\USD at 1.6152 .. May Target is 1.6050 . DO YOU Think it Good trade .
Thank you & Have a nice Day
eur/gbp blitzed for 3 pips so far today.
BTW, expert analysis by Ashraf on the running of weak long/short stops by the Cartel. This is what must have happened to our good buddy Big Dick Pablo-stopped out.
http://www.fullermoney.com/content/2010-01-25/PoundSeenasDiminishedNoMatterWhoWinsElection.pdf
You must know that NONE OF THE BANKS HAVE TIME to check forums and websites. they have order flows of $millions going through from and for customers and counterparties.
As for the point you make regarding banks and stopping you out etcc, yes i agree with some of that from the sense that they do have way to detect where the WEAK BUYERS/SELLERS are and send the market to flush them out if they are able to reasonably push the market that way.
maples. thats fine as long as you can survive 1.6220s
Ashraf
IS that ok , THANKS ASHRAF
I DO AGREE WITH PART BUT LET ME tell that these guys and girls at goldman and barcap ahve an edge on volume transaction and counterparties positions and this edge is perfectly timed in their trading. on the other side the one that loses money has had a false input in its decision process and that makes him lose money. it occured to me several time and i had the same reaction believing that someone busted me could it my friends my banker or X or Y. No the fault is ours and the solutions is how to evaluate a situation before entering a trade
as for ur position on cable i think u can stick on ur view but i rather wait a bounceback before entering. lets see if this sounds possible
My apology if I sounded negative, I did not know how to put the words properly. I am learning. Let me reexplain my thoughts.
What I said is Ashraf is excellent and his analysis is best in trade and yes he is mentor. But there are these big guys like Goldman/Barclay and so many other banks, who have these sophisticated software and they manipulate the market so huge that it makes him shine for 2 months and then they take the shine away and give it to other, what ever the fundamentals be. So I feel these guys keep watching what Ashraf is saying on forums, twitters and other good analysts are suggesting and they will take the trade exactly opposite to it, so as folks like us stop trusting him because we will lose money and then these guys when they suck your money will take the market to the analysis that he had given after few months.
I again do not know, if my words make sense.
Ashraf