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
 
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14raj
Kolkata, India
Posts: 210
15 years ago
Oct 17, 2009 18:39
Raulin.
its true that if i had to ask someone to initiate one position, i should not trade. But contrary, even u sometimes need a help from ur GPS devise to reach ur destination that dosent imply u should not go there. And trading is more of a psychological game, so if you have some guidance from a senior trader or a good Analyst, i personally think the trading will be a soothing experience.
i frequently ask Ashraf for his opinion coz that always give me strength and confidence but at the moment I have to click the order botton.

Rajib.
redstone
bristol, UK
Posted Anonymously
15 years ago
Oct 17, 2009 12:48
Im still looking for GPB/JPY 138 this month. Or would it be easier to find the holy grail ?
raulin
london, UK
Posts: 65
15 years ago
Oct 17, 2009 11:33
Rajib
If you have to ask someone else for an opinion and worried about putting on a position you should not be trading and that goes for everyone. Read "trading in the zone" by Mark Douglas.
14raj
Kolkata, India
Posts: 210
15 years ago
Oct 16, 2009 15:53
Ashraf,
i long EuroUsd at 1.4865 just now...will it be a good trade?looking for your valuable advice
regards,
rajib.
14raj
Kolkata, India
Posts: 210
15 years ago
Oct 16, 2009 15:46
Happy Dewali to every forum members and Ashraf.
Regards,
Rajib.
Urvin
Dublin, Ireland
Posts: 2
15 years ago
Oct 16, 2009 14:02
Very quite today, any indications on where the cable is headed today?? I'm confused as to whats happening with GBP. Looks like we are heading side ways till next wednesday BoE minutes.
pollux
France
Posts: 23
15 years ago
Oct 16, 2009 12:17
Hi Ashraf,
What do u think about GBP/NOK here now...?
speculator
Posted Anonymously
15 years ago
Oct 16, 2009 12:12
as i keep saying, once something becomes relatively cheap as long as it is still usable, people will start to buy it and herding and price action will cause a rally in the dollar. Even GS is predicting this but VERY few are. the rally will likely to be slow but long one and the reverse of what majority are thinking. the prime example is the stock market in march.

we are have managed to keep above 75 for the usd which is critical support. if we break below we will get further weakness in the short term. infact, the dollars current level is amazing considering the amound of bearishness.

going long on the dollar with swiss franc will be one of the best bets over the LONGER term. simply because of excessesive devaluation this decade.

mondo
portsmouth, UK
Posts: 22
15 years ago
Oct 16, 2009 9:25
the last thing the fed wants is a strong dollar despite what they may say. A week dollar fuels exports and creates grouth. They may talk up the dollar from time to time to keep their creditors happy. The s&p is not their problem. q e was about increasing the money supply to get the banks lending.
New Pip
birmingham, UK
Posts: 84
15 years ago
Oct 16, 2009 8:22
Ashraf,

Cable resistance has held around 1.6400. Since the pullback came through the neckline, would this invalidate the H&S. Is there any estimate where to go down from- Thanks
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