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

GBP

Discuss GBP
 
1...222223224225226227228229230231232233234235236...306
Shane
Lahore, Pakistan
Posts: 209
14 years ago
Apr 12, 2010 19:54
Going short again.
PureStones
Korea Sout
Posts: 67
14 years ago
Apr 12, 2010 10:42
i think big trend is still down(monthly, weekly) but now retracement process. so waiting short chance (38.2% retracement-2009.01 low ~ 2009.8 high , 1.5689)
sub
UK
Posted Anonymously
14 years ago
Apr 12, 2010 8:18
ashraf - do you still see cable heading down to 148 and lower or has the downtrend now been broken?
PureStones
Korea Sout
Posted Anonymously
14 years ago
Apr 12, 2010 4:38
thanks shane and all, have a good week start!
Shane
Lahore, Pakistan
Posts: 209
14 years ago
Apr 12, 2010 2:58
for the sake of technical analysis the 100 day MA is at 1,57 and 1.57 is a strong resistance point as well historically so short at 1.57 will be my favourite if we reach there.
Shane
Lahore, Pakistan
Posts: 209
14 years ago
Apr 12, 2010 2:49
1.5470 and 1.5570 are good places to short keep ur sl tight just 20 to 40 pips is my recommendation. good luck
Shane
Lahore, Pakistan
Posts: 209
14 years ago
Apr 12, 2010 2:45
greece bailout is just a showoff but markets react to such showoffs and so should we. wait guys atleast for today to see how it goes. If you want to remain safe better stay away from this market. its unpredictable like death. On wednesday we have some imp data out of US and China. One more thing is US stock market rally does not comply with the growth i believe we may have a bubble in the making wait till it bursts.
Shane
Lahore, Pakistan
Posts: 209
14 years ago
Apr 12, 2010 2:36
Good morning everybody, impulsive spike in gbpusd after the bailout package, i am not sure if we will see 1.48 in 2 to 3 weeks but 1.53 is a sure probability and may be 1.52 aswell anyways will be going short on gbpusd soon with limited targets. if a little fortunate we might see 1.57 and a good shorting opportunity. But why not go long for 1.57 thats a good question what do you guys think. i believe that atleast for a couple of days we will see good strong rallies in euro and gbp and mostly euro. but euro has already spiked and will need a correction soon. For now atleast i will see any downside as correction.
asad
London, UK
Posted Anonymously
14 years ago
Apr 12, 2010 1:38
Ptaczek/Karan,

Don't forget that Greece has YET to request/accept the bailout deal. They know it'll be a bitter pill to swallow! Besides, there are rumors (well, confirmed > news > rumor) that Greece requires anything b/w EUR 45 & 80 bn, so the current aid may not be enough!

I categorically agree that JUST as we sell our shorts, the markets tank. Happens...always happened...& will forever happened, so stay short while you guys can. Goodluck!


Asad
Jetsetter
London, UK
Posts: 7
14 years ago
Apr 12, 2010 1:10
Ashraf -- you were saying on April 1, "no more +1.5300 GBP for 3-4 weeks..."
Report Reply
1...222223224225226227228229230231232233234235236...306