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Maso replied Apr 3, 2013I may keep both longs and shorts. The point is when to open a new position. For instance, between February and March the pair felt 1000 pips from 1.5820 to 1.4830. If I had opened longs at that time, then I would lose all my money. lol
Cable Update (GBPUSD)
- Maso commented Apr 3, 2013
Thanks mate for your attentions. Firstly, I would say that clearly, there is no constant trend on pairs. You know that during 2013, sterling has had the weakest performance among majors. What I can see is that now, the BOE want a weak currency for a ...
Slower decline in UK construction output recorded in March
- Maso replied Apr 3, 2013
We will see below 1.50000 level today or tomorrow. We had two horrible reports on PMI. It means that the economy is very weak. Other pairs are flat and all are sacrificing sterling. Then, it is still bearish against all majors. Furthermore, tonight ...
Cable Update (GBPUSD)
- Maso replied Apr 3, 2013
Really? and which points are entering and exiting points? Cable Update (GBPUSD)
- Maso commented Apr 3, 2013
No worries: more bearish moves are coming by this poor UK economy. I'm wondering when the UK economy is weaker than Euro, why EURGBP is smaller than 1? sooner or later we will see it at around 1
I would advise of loading longs on EUR against GBP. ...Slower decline in UK construction output recorded in March
- Maso replied Apr 2, 2013
Many traders have loaded long positions for taking bounces and definitely, your chance is very weak. I may load longs below 1.48 hopefully at the end of this week.
Cable Update (GBPUSD)
- Maso replied Apr 2, 2013
Yes mate, you are right. I just wanted to hint about the strong bearish power of GBP. However, later it may end this trend and go up as a mad pair.
Cable Update (GBPUSD)
- Maso replied Apr 2, 2013
This is what I posted in the morning but I think you didn't accept it
Now, it is starting falling again... image Cable Update (GBPUSD)
- Maso commented Apr 2, 2013
This news helps Yen to breathing... Also pushes other majors to fall. Get ready for this rally.lol
BOJ’s Kuroda Faces One-Year Window on Ending Japan Deflation
- Maso replied Apr 2, 2013
I do agree with you mate. This BIG FALL indicates further downward moves, not going up till next week.
Cable Update (GBPUSD)
- Maso replied Apr 2, 2013
The BOE want this fall which will continue more. Also, forget 1.52 like 1.53
Cable Update (GBPUSD)
- Maso commented Apr 2, 2013
Despite some traders, I'm saying this for the last three weeks. We may see the pair even below 1.50000 this week.
GBP/USD Retreats from March High; Suggests False Breakout Scenario
- Maso replied Apr 2, 2013
Thanks for your advice. Today target=1.5060 Tomorrow target 1.5020~1.5080 Thursday target= towards 1.48 level
Cable Update (GBPUSD)
- Maso replied Apr 2, 2013
I will close my short positions on Thursday at 1.49 level
Cable Update (GBPUSD)
- Maso commented Apr 2, 2013
Just load short positions on this stupid weak pair. The target is below 1.50000 Its equation is: a (weak + fragile) economy= lots of shorts positions
We will not see 1.53 anymore until Q3.GBP/USD Retreats from March High; Suggests False Breakout Scenario
- Maso replied Apr 2, 2013
Lovely clouds are coming to eat cable
Yes, that's right. The pair is bearish at least by the end of summer. The UK needs lots of currencies to be spent there in summer. Cable Update (GBPUSD)
- Maso replied Apr 2, 2013
Still bearish... Cable will not go up before reaching 1.50000
Cable Update (GBPUSD)
- Maso replied Apr 2, 2013
While the US economic report was good, do you really expect this movement?
Cable Update (GBPUSD)