12 Responses to “Lower level consolidation to rise”

1. on 26 Aug 2009 at 8:22 am1sridhar

   Well Sivaraman ji,
   I actually made 30 Pips in shorting GBPUSD at 16341 and closing at 6311
   really “Visible gains are expected from today”

2. on 26 Aug 2009 at 8:52 am2carlab

   Dr. Doctor:
   I am holding short eur/gbp cross since ydy.
   But stg looks fundamentally weak.
   In order to get out, since not confortable with this,
   do you think buy GBP/USD is a good strategy, and wait for EUR/USD to go higher, and square?
   Or potential for lower EUR/GBP is greater?
   Any ideas, anyone, pls?

3. on 26 Aug 2009 at 9:43 am3carlab

   Sorry above is wrong.
   I meant buy Eur/Usd, say arnd 1.43 and wait for cable to sell arnd 1.64.

4. on 26 Aug 2009 at 10:17 am4smith

   Dear Doc,

   unfortunatelly, we can not see any switch between EUR and GBP until now, I mean (according to the webinar) the GBP is unable to rise and EUR could not drop so much to make lower levels in EURGBP. However there is very bearish feel in GBP and maybe a lot of short positions, the rise was not seen. Do you expect it will happen during US session?
   The USDCAD and USDCHF are rising but it is just because of the USD gaining move.

   regards,
   smith

5. on 26 Aug 2009 at 10:23 am5rich

   The players are good, aren’t they.
   They have created quite the bearish feel. I can’t imagine that there are many higher level longs still holding. Shouldn’t be too long now until they rise. Oh, this is fun.
   Is that emotion OK.:-)

6. on 26 Aug 2009 at 10:29 am6ejthekkan

   Dear Dr.
   The downward stop hunt for Gu is over just now, or will there be more drop before the expected rise?
   many thx

7. on 26 Aug 2009 at 10:39 am7Constantin lucian

   Hello dr. What is your view on eur/gbp? Can we see it at 0.86?

8. on 26 Aug 2009 at 10:59 am8freddie

   Dr,and all, pls which way do you expect the month end trend reversal to go,up or down.rgds

9. on 26 Aug 2009 at 11:45 am9carlab

   Dear Freddie:
   1.6230/35 its support Fibo (76.4 Point) but think cable is very well offered, and think will see 1.60-61 b4 month end

10. on 26 Aug 2009 at 12:25 pm10Jason Macko

    IMHO, The cable might be a long term play buy right now at about 1.6250/6200, where you buy, put your stop below 1.60 and just hold it for a while.

    http://forextopsandbottoms.blogspot.com/

    Happy Trading, and be careful out there

11. on 26 Aug 2009 at 12:30 pm11mice

    Hi frds

    i think gbp is a buying from 1.6250 to max 1.6200 for a push to 1.6350 and 1.6430 and could go higher

12. on 26 Aug 2009 at 1:20 pm12Coolcucum

    It is a good time to go long on GBP/USD. The Middle East investments on London lands will take the pair to 1.6760 in a fortnight

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