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by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 3054
Forum Topic:

GBP

Discuss GBP
 
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montmorency
Abingdon, UK
Posts: 610
14 years ago
Apr 22, 2010 10:36
@Shane - election fever? (somewhat as per Ashraf's IMT of April 22, 2010 07:34 GMT).
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.
Shane
Lahore, Pakistan
Posts: 209
14 years ago
Apr 22, 2010 9:42
looks like GBP is on an over doze of viagra, with all not so good data it still refuses to go down, lolz.
Shane
Lahore, Pakistan
Posts: 209
14 years ago
Apr 21, 2010 23:30
juno
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.
Shane
Lahore, Pakistan
Posts: 209
14 years ago
Apr 21, 2010 22:54
montmorency
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.
juno1
UK
Posts: 52
14 years ago
Apr 21, 2010 22:31
Montmorency,
Yes I agree I am cautious at this moment in time.
juno1
UK
Posts: 52
14 years ago
Apr 21, 2010 22:23
Shane,
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
montmorency
Abingdon, UK
Posts: 610
14 years ago
Apr 21, 2010 22:21
I'm short, but with relatively modest targets of 1.535, maybe 1.530.
There is probably more downside, but am being careful about being caught out down here (as I have been before).
Shane
Lahore, Pakistan
Posts: 209
14 years ago
Apr 21, 2010 21:57
Guys i believe its time to go short Mr Cable. Any disagreements?
Shane
Lahore, Pakistan
Posts: 209
14 years ago
Apr 21, 2010 21:52
juno1
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.
juno1
UK
Posts: 52
14 years ago
Apr 21, 2010 19:44
Hi everyone,
Is anyone short cable? Is this a consolidation of the downtrend?
Thanks in advanced
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