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

GBP

Discuss GBP
 
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catnip
Frankfurt, Germany
Posted Anonymously
13 years ago
Nov 19, 2010 9:42
L'tat c'est moi
Dodger
France
Posted Anonymously
13 years ago
Nov 19, 2010 9:33
So the British papers are saying the royal wedding of william and kate could be a 600million boost to the ecconomy,in that case all I can say is "Hurry up Harry!",forget being an Apache pilot your ecconomy needs you!
subway90
Posted Anonymously
13 years ago
Nov 19, 2010 4:54
looks like GBP will be testing 6090/6100 resistance today as long as 5975 support holds....

break and close above 6100 level would be first warning signal for GBP bears... could see quick jump to 6200/20 level once 6100 clears... and would signal resumption of uptrend to 6450/6500 level...

back below 5975 wuld mean failure to the upside and focus will shift back to 5850 then probably lower at 5750/80 level...
chloethebull
Posted Anonymously
13 years ago
Nov 19, 2010 1:50
that was my exit price for my remaining position @1.5750 im sure it will reach it eventually,nothing wrong with paring back some gains so long as the down trend remains intact lol:) gl tomor
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Nov 19, 2010 1:22
Should gbpusd decide to reverse back south almost immediately my next significant target would be 127.2% symmetry extension at 5740. A reaction at the 50% ret level would be probable @ 5797. I tend not to think too far ahead but below 5740 we have a 61.8% level at 5680. My work focuses on patterns created.
DaveO
UK
Posted Anonymously
13 years ago
Nov 19, 2010 1:06
Chloe I did 3 trades on the gbpusd 3 wave move down from the 6300 high. 2 shorts and one long. The last short I exited at my 100% symmetry target which also coincided with a titch below the 55MA for 98 pip move. I reversed long but lost confidence in what I read to be a potential wave 4 correction up so exited far too early and missed the great move up today. Mind you I was grappling with a graphics card prob and ordering a new pair of nvidia quads.

Right now the pair on daily chart has potentially a classical 3 wave ABC corrective with perfect textbook symmetry at the 5836 low. For me a move above the 6183 pivot high would likely lead to new highs. The eurusd pair has very unhelpful pattern from my perspective so I am currently more interested in the eurgbp. Let's see what guidance Ashraf has to offer us for an added fundamental bias :-) and gt to you chloe.
pieter
pretoria, South Africa
Posts: 1
13 years ago
Nov 18, 2010 23:41
are you guys seriuos GBP bearish ? you must be joking -- over the weekend go and scan through gbp/chf/ gbp/aud/gbp/cad and see wht is in the charts--- this is a very long term bottom just completed- hopefully firday will be last breakout candles through TL/SR levels to confirm---im enjoying it !! this is a highly recommended post -- dont miss it -its huge

enjoy
chloethebull
Posted Anonymously
13 years ago
Nov 18, 2010 22:58
hey daveo, what ur take on the gbpusd..i exited almost all of my short position for nice profit but decided i would keep a small position incase it droped further..bad call so far lol..are u thinkn it will continue to strengthen?next drop im closing it out. my plan originally was to close out everything once ashraf made the call that it was a bad trade but it droped so fast i thought possibly further downside:(..lol ..nice chatten gl:)
DaveO
UK
Posted Anonymously
13 years ago
Nov 18, 2010 20:30
now its a convincing bounce off the symmetry but hey, what took it so long, dah.
redstone
bristol, UK
Posted Anonymously
13 years ago
Nov 18, 2010 8:42
GBP seems to be the whipping boy today
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