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

GBP

Discuss GBP
 
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Shane
Lahore, Pakistan
Posts: 209
15 years ago
Apr 9, 2010 9:38
fears becoming reality, i am going short again at 1.5370 lets see how it plays.
ptaczek
Brno, Czech Republic
Posts: 110
15 years ago
Apr 9, 2010 9:34
we're still below Mar 17 high at 1.5382. People freak out because all the talks and because the lastest YouGov survey. However strong the 5-day range breakout may look, the overall outlook is bearish.

Oh, w8t, now the PPI number is out and the input measure is much higher than fcast. Hmm, 1.5382 could be under attack
djellal
LAUSANNE, Switzerland
Posts: 531
15 years ago
Apr 9, 2010 9:07
Ginger,
Those are simply Trichet 'comment about greece from yesterday (the yield on Greece's 2 year notes is down 29 bp to 7.00%) as well as the balance commercial in Germany which boost the risk appetit on the majors for a few hours but the bearish trend remains intact.
Short rally GBP/USD & EUR/USD!
And wait for Canadaian change in employment

djella
sub
UK
Posted Anonymously
15 years ago
Apr 9, 2010 9:00
ashraf - with cable now at 15350+, do you still see this heading down to 148 and lower? or has the downtrend now been broken given rise above 153?
Ginger
UK
Posted Anonymously
15 years ago
Apr 9, 2010 8:55
What's with the strength in today?
Juke
California, United States
Posts: 21
15 years ago
Apr 9, 2010 5:01
i am with you on gbp. this is at the turning point and i bet on the short side as well. gdpusd is now 50d MA, stochastic at high end with downward move (i remember Ashraf said one time this is rare but precious), 3-top formation in 4hr chart etc etc... all technicals suggest resistance. Friday is coming - like shane pointed out the key is wkly close (tomorrow) but before that i feel the friday effect will come in to bring gbp down. let's see what will happen.
amg
Oklahoma, United States
Posts: 38
15 years ago
Apr 9, 2010 4:05
ok guys, so it feels like this resistance is still valid so I couldn't resist the temptation and shorted 2 lots again at 5280 with sl at 5310 with first target at 5150. Lets see how it plays!
Shane
Lahore, Pakistan
Posts: 209
15 years ago
Apr 9, 2010 1:06
amg
somehow i feel the same, but many times thats what they want us to feel. i took peanut profits on gbp yesterday as i was looking for a break of 1.5150. i am not very confidant with GBP short right now but what actually happens is yet to be seen will move my sl above the recent 1.53 highs if taken out i wont be trading this short untill 1.537 or breach of 1.5150.
asad
London, UK
Posted Anonymously
15 years ago
Apr 9, 2010 1:04
Guys,

Ashraf, being the humble that he is, didn't post this on all threads...so I'll volunteer.

And you guys thought Ashraf Laidi was goos at inter-market analysis!

http://www.youtube.com/watch?v=bS9B3i3vaMY


Asad
Shane
Lahore, Pakistan
Posts: 209
15 years ago
Apr 9, 2010 1:00
its really nice to talk to all of you and yes i agree with INGbalek, whatever i said are not the holy grail its just my opinion and obviously many times i suffer losses. I dont keep stoplosses when trading yen pairs but just keep myself with good cushion and small lots adding every 100 to 200 pips.
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