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by Ashraf Laidi
Posted: Jul 28, 2010 15:55
Comments: 32
View Hot-Chart
This thread was started in response to the Hot-Chart:

GBP Getting Best of Down Under

 
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said
mulhouse, France
Posts: 2822
14 years ago
Aug 18, 2010 11:24
ashraf
thanks for gbpaud call on twit this morning.
orange_trad
New York, New York, United States
Posts: 20
14 years ago
Aug 18, 2010 8:33
Hm. If 1.725 can hold in the next 1 - 1 1/2 hours then I would consider a long from the 1.725s to minimum 1.735 (retest of tl) and if that is succesful, then 1.753s, then down again, and up, and down... A range trader's dream this pair is, really.
Themosmitsos
Illinois, United States
Posts: 11
14 years ago
Aug 18, 2010 1:05
Ashraf, friend, methinks you worry too much about people who aren't even willing to scroll through an internet page. Good Day. ;)
Ashraf Laidi
London, UK
Posts: 0
14 years ago
Aug 18, 2010 1:00
Carlco, the UK inflation story is a big deal. For all these months, the strong UK CPI has been the main reason why Andrew Sentance of the BoE has been calling for rate hikes and there were even some expectations that other members would join him. This has also been the MAIN REASON TO THE RALLY IN GBPUSD since June. UK was the only country w. above target inflation and so the one with realistic chances of any near term rate hike. HOWEVER, todays smaller than exp CPI changes much of those expectations and hits GBP hard. Tuesday GBP selloff was a textbook SELLOFF> GBP fell against everything even against the weak YEN. And whay are you surprised it fell hard against AUD and CAD?? These are commodity currencies and naturally they will rally during a +130 pt rally in the Dow, And if you read my IMT from yesterday you would have been warned that there was a BULLISH HAMMER CANDLE in indices.

Flast, just use any charts from a decent FX borken or even better, get TradeStation or esignal.

Ashraf
Flast
El Salvador
Posted Anonymously
14 years ago
Aug 17, 2010 19:05
Sorry Mr ashraf for bothering you maybe you didnt see my ques in yoru tweets , Can you please tell me what kind of charts do you use? I need something honest where the candles are truth , and find the other Cfds and stock charts , can you please tell me what is the one do you use

Thanks allot Mr ashraf
Carlco
bristol, UK
Posts: 151
14 years ago
Aug 17, 2010 18:51
yes i read ALL your tweets and file all your IMT's in its own special IMT folder.
AUD and CAD just seemed to hammer the GBP today, it just felt like a lot of pips. compared to the eurgbp gain and gbpusd drop.
Ashraf Laidi
London, UK
Posts: 0
14 years ago
Aug 17, 2010 18:22
Carldo , did you read my first IMT this monring? it's all in there. and I mentioned it on twitter. SOFT CPI FROM THE UK..

Again, it's good if you guys read the work that i put in.

Then i added another IMT ABOUT STERLING

ET: GBPUSD RESTS RIGHT ON THE 2-month trend line support at $1.5565-70, following the all-important July inflation figures (see prev IMT). This is the GBPUSD equivalent of last weeks EURUSD trendline support, which held up at $1.3740s. GBPUSD does remain above its 200-day MA ($1.55), but has yet to break above $1.57, which is the 55-WEEK MA as well as the trendline resistance from the August high. Failure to regain $1.5680s could be seen as technical signal to drive down below the vital $1.55 trendline support, which would be made possible by another fundamental event such as todays soft CPI figures. BIAS IS NOW SLANTED against cable, with all eyes on the prelim support of $1.55,


Ashraf
Carlco
bristol, UK
Posts: 151
14 years ago
Aug 17, 2010 17:17
why did gbp do SO badly against CAd & AUD today?
Ashraf Laidi
London, UK
Posts: 0
14 years ago
Aug 17, 2010 16:34
orange, i havent asked.

Ashraf
orange_trad
New York, New York, United States
Posts: 20
14 years ago
Aug 17, 2010 15:30
So, Ashraf, how much interest did CMC collect on AUD short interest? ;)
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