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
Jan 18, 2010 14:23
Cable takes another shot through support at 1.6209. What will be the Cable Cartel's response? They have spent a lot of bullets today defending the "new leader of the free world" gbp/usd. Their last response waqs a 15 pip goosing north of cable into low 1.6220.

Every day is the same trading pattern on cable. Asia session neutral to bearish. European seesion a four-hour steady grind higher. Pre-U.S. session starts the selloff. Sort-term support gets broken in U.S. session.

Cable Cartel then reloads for the next day's "running of the bulls" cable price action, suckering in more clueless longs.
PippedOff
Canada
Posted Anonymously
15 years ago
Jan 18, 2010 14:13
Chloe-u/c chart looking sickly at the moment. FX Trading out of whack in thin markets today. The Cable Cartel is vehemietly defending the 1.6209 level, prepared to lop of 7 pips at a time on the eur/gbp pair if required to keep gbp/usd above support and the darlings of the free world. Slew of data this week for cable all set up for upside "surprises". The question remaining is, how much has been baked into cable already as the Cable Cartel's manipulation of eur/gbp started early last week WELL before these data points were set to be released.
The Cartel is doing what it set out to do-frontrun gbp/usd by demolishing eur/gbp. The mysterious out-of-the-blue drop in eur/gdp from0.9020 to 0.8780 in less than six trading days wreaks of manipulative front-running.

The comical part of the move is now most analysts are POUNDING the table for even higher levels of cable moving forward. Nogt one of them has said that 100% of the cable move can be attributed to the move in eur/gbp.
chloethebull
Posted Anonymously
15 years ago
Jan 18, 2010 14:03
hey pippeoff, exaggerated swings today ,should it be looked @ as a oppertunity to add to short posit on the gbp?an what u think about the cad after its latest data release today?thanks an have a nice day
PippedOff
Canada
Posted Anonymously
15 years ago
Jan 18, 2010 13:38
Cabe Cartel desperately trying to keep gbp/usd over 1.6300.

Gold getting spanked. Aussie to follow.

Folks, very, very thin trading conditions allowing for exaggerated moves









O
said
France
Posted Anonymously
15 years ago
Jan 18, 2010 13:25
CELTIC
I AM ON IT LET ME SOME TIME.
montmorency
Abingdon, UK
Posts: 610
15 years ago
Jan 18, 2010 12:36
@Xaron I _hope_ you are wrong. I _fear_ you may be right :-)

My long EUR/GBP is not looking so clever at the moment...I think it could continue on down to 0.8720-0.8750 territory, maybe 0.8700. Surely not lower, in the short to medium term? hm....
chloethebull
Posted Anonymously
15 years ago
Jan 18, 2010 11:43
yes keep posting pippedoff,you give great info for us begginners while ashraf is bizi doin other things an cannot give us his veiws..gl today pl
mckinnovation
Dublin, Ireland
Posts: 49
15 years ago
Jan 18, 2010 11:38
I actually enjoyed pippedoff's thoughts.
Celtic girl
Andorra, Andorra
Posts: 20
15 years ago
Jan 18, 2010 10:35
Said what was your call for GBP/USD.......THANKS
Xaron
Munich, Germany
Posts: 528
15 years ago
Jan 18, 2010 10:15
rkkashmir, I'm not so sure about that. Everyone seems to hate the GBP and is short there. That could become a nice short squeeze in the GBP the next weeks... I see targets of 1.67 and above.
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