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Posts by "carlco"

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193 Posts Total by "carlco":
150 Posts by member
Carlco
(bristol, United Kingdom)
43 Posts by Anonymous "carlco":
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Carlco
bristol, UK
Posts: 151
15 years ago
Jun 25, 2009 18:32
In Thread: How low will GBPUSD go in May?
look at the hourly MA's they all crossed yesterday now we are heading back to 164 at a rapid rate after a 16200 tester that didnt make it look how the rsi went from 13 to 65 in 5 hours. also from 23rd-25th a lovely head and shoulder, i think your malformed shooting star was a correct diagnosis, it did a malformed right shoulder ashraf, i stand by my target 172 (i think fibonnaci level)
Carlco
bristol, UK
Posts: 151
15 years ago
Jun 25, 2009 16:52
In Thread: How low will GBPUSD go in May?
qin-im referring to Cable.
Ashraf you took words out of my mouth i was going to write a big long piece about trend line tested today to 7th july, then we will have to break one way or other. I still see cups and handles the range is 162-166
Carlco
bristol, UK
Posts: 151
15 years ago
Jun 24, 2009 20:23
In Thread: How low will GBPUSD go in May?
mo, very good trade getting in at 166 earlier today, already 200pips to the good , im impressed!
However, although i do agree we 'might' be in a 158-166 range, every time a wedge forms the gbpusd breaks higher and again we touch on this trend line on the daily april-june with a resistance in at 16600 it looks like we will break one way or the other by july 8. it's always broke higher before the wedge date so we will see :) i stand by my argument that uk is in bad shape but not as bad as US or euroland. i revise my GBPUSD target to 17500. Your comments as always appreciated. (ps. look at the cup and handle formed over the last few weeks too)
Carlco
bristol, UK
Posts: 151
15 years ago
Jun 24, 2009 9:59
In Thread: How low will GBPUSD go in May?
i am puzzled why we are so strong, but then has the euro fleshed out all its problems? (latvia) Look at the gbpusd daily cup and saucer here we are at 16600 testing that resistance for a 3rd time with more auctions in the US i think we might be on our way to 18000
Carlco
bristol, UK
Posts: 151
15 years ago
Jun 20, 2009 17:01
In Thread: How low will GBPUSD go in May?
1998 Ashraf, BoJ was defending the yen against speculators attack on its currency, i'd just started trading options earlier that month ! it was a baptism of fire for me and left me mentally scarred for life;)
Carlco
bristol, UK
Posts: 151
15 years ago
Jun 19, 2009 22:12
In Thread: How low will GBPUSD go in May?
ashraf, ive been thinking about what you said about focusing on GBP problems rather than USD problems, it struck me that unlike the Japan crisis, we have nearly ALL economies pressing every economic button to avert a depression, it now seems obvious why some of the correlations are breaking down, they are being artificially manipulated for the purpose of stimulating growth. Australia is the only economy that has escaped relatively unscathed. I read that theres a lot of options being traded on the AUG VIX 50 are we about to see a replay of the Japan summer crisis ?
Carlco
bristol, UK
Posts: 151
15 years ago
Jun 16, 2009 7:32
In Thread: How low will GBPUSD go in May?
ahhhhhhhhh into price of the POUND
you need an edit post button ashraf!
Carlco
bristol, UK
Posts: 151
15 years ago
Jun 16, 2009 7:31
In Thread: How low will GBPUSD go in May?
**in too price of ''
Carlco
bristol, UK
Posts: 151
15 years ago
Jun 16, 2009 7:30
In Thread: How low will GBPUSD go in May?
Ashraf my argument HAS been all bad news intoo price of and more bad news in form of QEzing for US, im reversing my thoughts now saying that US isn't as bad as the media and 'expert' economists have led us to believe
Carlco
bristol, UK
Posts: 151
15 years ago
Jun 11, 2009 11:28
In Thread: Falling Equities Still Key for Dollar
look at the number of doji's the S&P has had this last week or so, its like 5 points trading range per day. Does this mean BIG falls ahead? from 2007 high's to march 09 lows we have a fibonacci range of about 880-1010 (23.6 & 38.2) hey we are at 943 today which is half way between the two! someone make their minds up out there, the suspense is killing me, Ashraf has there ever been such a scenario ie dot com bubble moment like this? and if so what happened to the $. Falling equities has to yet again reinforce your audusd pair amazing!
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