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
 
PippedOff
Canada
Posted Anonymously
15 years ago
Jan 28, 2010 13:19
The most manipulated FX pair around, gbp/usd, will get plastered no later than 1/2 hour after the manipulators in London finish with their fix.
montmorency
UK
Posted Anonymously
15 years ago
Jan 28, 2010 11:12
@Angelica: Whether it is manipulation or not, and tricky as it might be, the moves in cable actually do give opportunities, if you are willing to take the risk - counter one's own "risk aversion" as it were.

My own approach is large stops and patience. Not everyone's cup of tea I know.

There are also scalping-type opportunities.

Ashraf has recently tweeted that Euro is a safer short than cable.
The big question for me was whether Euro would significantly rebound up (well above 1.4) before sinking properly beneath 1.4. It didn't seem to in the last 8-10 hours. I usually end up shorting it too low, and am trying to avoid that this time. It doesn't look like it's going anywhere fast for the moment, but as we all know, things can quickly change. I have no reason to doubt Ashraf's 1.38 target ultimately. My only question is where it will go between now and then.
PippedOff
Canada
Posted Anonymously
15 years ago
Jan 28, 2010 9:31
Welcome to Goldman Sachs world. We all live in it.

Long live CABLE!
Angelica
Arizona, United States
Posted Anonymously
15 years ago
Jan 28, 2010 9:22
Dear PippedOff,

You have been So right for the last several weeks with your Cable comments and the Cartel. No other explanation makes sense.

I am honestly at a loss here for any good ideas to trade. Which currency is safe from the Goldman Dog's manipulation? What do you usually trade?

Thank you,

Angelica.
nzvik
Auckland, New Zealand
Posts: 225
15 years ago
Jan 28, 2010 8:56
GBPUSD just went up - could hit 1.63+ today - risk appetite appears to be returning for the day atleast
maples
Posted Anonymously
15 years ago
Jan 28, 2010 8:19
What just happened with gdpusa
PeppedOff
Canada
Posted Anonymously
15 years ago
Jan 28, 2010 8:15
Which advice is that? Trade against the Goldman-bacled Cable Cartel at ur own wisk. 1..670 now.

What a manipulated POS this is.
Caseyfj
Texas, United States
Posts: 8
15 years ago
Jan 28, 2010 7:56
Anyone else get slaughtered with this advice? It went directly to 1.6253 and went back. Stopped out for major loss. I guess that is the risk of heeding others advice.
PippedOff
Canada
Posted Anonymously
15 years ago
Jan 28, 2010 4:22
Now watch as the Cable Cartel defends 1.6200 with all its might with constant offerings of eur/gbp.
PippedOff
Canada
Posted Anonymously
15 years ago
Jan 28, 2010 4:07
As I said, Goldman controls the trading on cable. When they have fleeced the public enough, the trash that is known as gbp will wind up well below 1.600.

Until then, Goldman will continue offering eur/gbp to the unsuspecting public.

Short Cable at your own peril.