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by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 3054
Posted: Feb 22, 2010 5:00
Comments: 3054
Forum Topic:
GBP
Discuss GBP
Sooner or later it will run out of virility and flag :) The 2nd election debate is tonight, and as Ashraf suggests, Brown and Cameron will be gunning for Clegg, who was seen as "winning" the 1st debate by a mile. It's probably a time to snatch pips when you can. Some choppiness seems inevitable.
currency markets are unpredictable but 1.54 is a safe level to short, i will scalp long if it goes against me.Ashraf always insists on using your margin as i will hate to loose 100 pips and than see it going down as the only logical stop is 1.5525 in this case.
Yup i am cautious aswell but this is typical cable behavior, I take various small positions and adjust different profit targets. 1.5350 is the first than 1.5280 , 1.52 and 1.5150. Trailing stop on the rest, try this ?
juno
Dollar will weaken but not just now and as for pound had a good time up and we dont need to be super intelligent to see it.
Yes I agree I am cautious at this moment in time.
I agree just waiting to see if there is one more push towards 15460.
My one concern would be that the dollar may be due a pullback after the rally from November. Never the less I believe the downside outweighs the upside.
Good luck
Juno1
There is probably more downside, but am being careful about being caught out down here (as I have been before).
Yes i am at 1.5420 and more to add at 1.55, Daily MACD will most probably have a cross down soon so i am entering short , 1.48 yes anyways i think 1.50 and 1.49 as targets. Good luck.
Is anyone short cable? Is this a consolidation of the downtrend?
Thanks in advanced