- Search Energy EXCH
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- Rasi replied Jul 7, 2012
The outlook for sterling depends on two main factors: the progress of the eurozone crisis and the ECB's monetary policy; and the possible resumption of quantitative easing. I don’t see anything solid in the horizon for Euro and the policymakers seem ...
- Rasi replied Jul 1, 2012
Last week was a mixed blessing for me. On GU, I was sitting pretty with a short taken at 5630 with a target of 5470. I was in good profits so moved the SL to 5620 (+10 pips). Unfortunately, the price reached 5485 (+145 profit) and decided to go ...
- Rasi replied Jun 27, 2012
My short got triggered at 5630 and now I have moved the SL to 5620 (+10 pips). Despite two attempts this week, 5540 proving to be a good support (white line in chart). We could be third time lucky soon and head towards the next hurdle at 5470 soon. ...
- Rasi replied Jun 25, 2012
Hello IBB, I think you are probably right about the long but I'm not sure on the short term. According to my analysis of the 1 hour chart, we are in a downward channel. See attached. Right now, the 50 EMA (green) is below 200 EMA (gold) suggesting ...
- Rasi replied Jun 24, 2012
New experiment - Neapolitano — Recently someone posted a call (with a youtube link) on the cable thread suggesting the market moves back and forth in small but roughly equal zones. This got me thinking and investigate it further. It seems like ...
- Rasi replied Jun 20, 2012
Here is my view. According to my calculations, GU could go up to 5950 where I have a short waiting. My calculations are based on the previous drop and the subsequent retrace (6617 - 5272 = 1345 pips. Retraced to 6164, which is equivalent to 66.32%). ...
- Rasi replied May 26, 2012
Correlation with USDCHF — GBPUSD is negatively correlated (almost) with USDCHF. i-e if GU goes down, UC goes up and vice a versa. Right now USDCHF is going up, which suggests GBPUSD should go down. Needless to say, the trend could reverse but ...
- Rasi replied May 25, 2012
Hi IBB, I am still bearish on the pair mainly due to what is going on in the euroland. I think no one will even attempt a solution until the Greek election results are known next month. Also we have a bank holiday in the US on Monday and extended ...
- Rasi replied May 23, 2012
Hi Bones, Well done on your recent trades What is your rationale for going long on EG please? A long EG implies that Sterling is going to under-perform Euro. i-e If both fall, Streling's fall is going to be greater than Euro's in ...
- Rasi replied May 19, 2012
Que Vadis — IBB, You raise some interesting and valid points. I tend to view the forex world based on the two biggest reserve currencies in the world; namely USD and Euro. USA is the largest economy in the world and the European Union is the ...
- Rasi replied Apr 4, 2012
I disagree, EG does not indicate the overall direction of EU but reflects the relative performance of EU and GU. For example, both EU and GU could go up but EG may go down if GU goes up more %age wise than EU. Today, both EU and GU went down but EU ...
- Rasi replied Apr 1, 2012
Quo Vadis — Quo Vadis? Looking at a simple weekly chart (Not sure about others but I was so confused by those Ichimoku Kinko Hyo cloud stuff some were talking about last week!), I am of the opinion that the price is heading towards the 200 EMA ...
- Rasi replied Mar 22, 2012
My current trade plan on this pair is to buy when it enters the pale blue area and with target profits of 70 pips (or .8370). Also I plan to sell when price reaches the pale pink area near weekly pivot resistance (R1). Looking back the last three ...
- Rasi replied Mar 4, 2012
Trading plan w/c 05/03/12 — The pair is clearly on a downward path for a few months now, due to the problems with the Euro - particularly at PIIGS. Recently it tested the monthly resistance at around 8490 but had come down quickly. It seems ...
- Rasi replied Feb 14, 2012
It looks like we have a downward channel forming (H4 chart attached). I am currently only in shorting mode. Will think about longs around 5600. G/L everyone. image
- Rasi replied Feb 5, 2012
My trading plan — Global context 1. US economy seems to be turning the corner with last Friday’s NFP figures confirming the recovery (good news for the global economy). 2. USD Index is going up, even though there was some weakness during the ...
- Rasi replied Feb 2, 2012
If you are consistently wrong then that is a good thing - all one needs to do is to do the opposite. he he..only joking . As far as I can see from the charts (1HR), the price has retraced back down ~ 50% of its recent up move. Around the 5770 area ...
- Rasi replied Jan 31, 2012
My understanding is that Euro has a ~ 60% correlation to GBP, which means GBP will not track Euro all the time. Having said that, GU was tracking EU most of the day until the New York session started at 14 Hrs GMT. See chart below. I earlier posted ...
- Rasi replied Jan 28, 2012
Hi nAVIN, Many thanks for your feedback. I fully agree with you that the medium term trend for GU is up (see upward channel shown below). However, what I am saying is that we have some headwinds ahead next week. Sometimes, one has to go back a ...
- Rasi replied Jan 22, 2012
According to the Wall Street Journal, the shorts were going up in EU and GU last week. See link below: url Obviously, the market makers who sold those contracts are doing their best to push the prices up. Otherwise they will end up losing a lot of ...