Forum > View Topic (Analytic)
by Ashraf Laidi
Posted: Nov 18, 2008 3:15
Comments: 1310
View 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
 
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PippedOff
Canada
Posted Anonymously
15 years ago
Feb 17, 2010 0:41
@Pipster-now, and layer additional lots to 1131
pipster
UK
Posted Anonymously
15 years ago
Feb 17, 2010 0:29
Pipped,

Should I be looking to short Gold and to what level approx
PippedOff
Canada
Posted Anonymously
15 years ago
Feb 17, 2010 0:23
@lilgeo-thanks, but since today was used to initiate positions, tomorrow is the day I hope and need to be right, lol!
lilgeo
United States
Posts: 13
15 years ago
Feb 17, 2010 0:15
Hey Pipped,
you called it today right on the money, nice

thanks
PippedOff
Canada
Posted Anonymously
15 years ago
Feb 17, 2010 0:06
@chloe-the deferral on the Greece verdict, although completely bearish as things are so bad another month is needed to come up with something, was used by the PPT to generate a massive stop-running campaign the past twenty-four hours.

I guess the I and G in PIG don't exist anymore, let alone horrid economic data and deteriorating conditions in the UK. It's so bad in the UK that the PPT ran trash cable 200 pips off the lows, all in the U.S. session.

As I said all day today, today was nothing more than an excersize in stop-running designed to shake out the weak shorts.

Hilarious, same Weatherman Analysts calling for 1.30/1.28 Euro JUST last week are now pounding the table for 1.40. That's why they are Weathermen, simply telling us which way the wind blows. All we need now are the calls for Aussie parity yet again.

Weathermen Analysts encourage buying high and selling low.
forextrader
Russia
Posted Anonymously
15 years ago
Feb 16, 2010 22:06
GBP and Euro look bullish from a techincial point of view , RSI MACD all pointing to upwards.
but my best trade is long CAD/YEN with target 88.20 then 90 and stop loss at 86

Dima
montmorency
Abingdon, UK
Posts: 610
15 years ago
Feb 16, 2010 19:37
I'm almost getting used to it ... and remember a lone sniper can often score against a larger attacking force ... so long as he is nimble enough to keep out of their way.
PippedOff
Canada
Posted Anonymously
15 years ago
Feb 16, 2010 19:28
Hunker down. It is close to 2:30 pm NYT, the time when the PPT loves to come out and destroy any shorts in their path for the next ninety minutes.
chloethebull
Posted Anonymously
15 years ago
Feb 16, 2010 18:49
hey pipedoff, what ur take on the ecb delaying any action on greecs?an do u think it will take the 30days before we get announcement?thanks
PippedOff
Canada
Posted Anonymously
15 years ago
Feb 16, 2010 18:33
@Pipster-thank you.

I am forever learning how to read tea leaves. We all knew a pop higher in eur, gbp trash would eventually happen. I was a little caught surprised at the extent of the gold move.

For now usd/cad is trying to carve out a bottom, and usd/jpy has given up some of its gains. This is positive for usdx.

Ashraf just twitted tomorrow's FOMC minutes to be usdx positive.

So the only question remaining is, how far can the PPT goose the spoos (S&P futures) to rally risk even more before the next call.

I remain that this risk rally is nothing more than chasing weak shorts.

Again, who in their right mind would earnestly be going long eur and gbp with fresh $$. Short-cover rallies can be more intense than regular long-buying rallies.

Hang in there and steer the course.
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