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by Ashraf Laidi
Posted: Dec 11, 2009 0:10
Comments: 198
View Hot-Chart
This thread was started in response to the Hot-Chart:

Euro's Third Down Leg

 
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rkkashmir
Posted Anonymously
14 years ago
Dec 30, 2009 17:23
140 pips? Try 240 pips to 1.6080. The reason? Market manipulators have nothing better to do in these thin trading conditions than run stops on the unsuspecting. Their "Boy Toy" was a sharp drop in EUR/GBP. Of course GPB will be back at 1.58, and significantly lower. But first, the big boys are going to take advantage of as many small fish as possible and steal from them. Such is the life in the arena known as Forex.

And now that they have fleeced the public in GBP, they put on 30 pips on EUR/USD in three minutes, all the while GBP went nowhere. How? Through the use of their favorite "Stop Gunner" Boy Toy EUR/USD.

Ashraf has been warning you about these thin market conditions. Now you know why.
corker
Ireland
Posts: 10
14 years ago
Dec 30, 2009 16:52
what is problem with GBPUSD
basil
New Jersey , United States
Posted Anonymously
14 years ago
Dec 30, 2009 16:27
thanks for your answer ashraf.my short point was 1.4395.regarding the GBP do u think it will go down to the 1.52 area? thanks
Ashraf Laidi
London, UK
Posts: 0
14 years ago
Dec 30, 2009 15:18
basil, i would close at 1.4260s rather than wait until 1.4220 (but i dont know where you opened the position and thats why i dont like these questions). if 1070 gold is hit then could also see fresh losses in GBP.

Ashraf
basil
New Jersey, United States
Posts: 9
14 years ago
Dec 30, 2009 14:26
good morning ashraf.Do u think is better to close some of the short position in eur/usd at 142.20 level or wait longer as i see gold is going to yout target 1070 and seems it will break it down?? thanks genius
Ashraf Laidi
London, UK
Posts: 0
14 years ago
Dec 30, 2009 2:50
nzvik, your argument is well taken but i think the yen fundamentals will trigger further weakness into the next month and technically the Sep & Oct highs are at risk of being breached. i stick w/ the USDJPY chart in the main article.

Ashraf
said
mulhouse, France
Posts: 2822
14 years ago
Dec 29, 2009 20:22
NZ
HI
AGREE WITH YOU AND ASHRAF FORECAST
TO UR TECHNICAL COMMENT I'D LIKE TO ADD THAT IF 92.42 IS REACHED EXPECT 93.13
I CALCULATE APROXIMATIVELY WITH ELLIOT COUNTING
nzvik
New Zealand
Posted Anonymously
14 years ago
Dec 29, 2009 19:26
Ashraf,

Purely technical reasons. both usdjpy and the nikkei are very close to key resistance zones. 10750 on Nikkei and 92.3 on usdjpy. also based on COT data traders are close to being as short on the Yen as they have been over the last year.
but best to be very nimble over the next 2 to 3 weeks as these resistance zones may be breached. i will go short only on confirmation of a trend change on both.

weekly charts on the usdjpy show the down channel is still intact
Ashraf Laidi
London, UK
Posts: 0
14 years ago
Dec 29, 2009 14:32
chloe, i also wrote about the Russians buying CAD, a story that is confirmed. Good US news are usually a positive for CAD.

Ashraf
chloethebull
Posted Anonymously
14 years ago
Dec 29, 2009 13:50
hi ashraf, yes i read ur imt an tweets on china buying cad,but i thought the story wasn;t comfirmed by china only mentioned by cad finance minister...do you know why he would make such a remark,i thought strong cad is not good for canadian recouvery..again thanks
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