[Archive] FOREX - Trends, Forecasts and Consequences (Episode 15: May 2012) - page 103

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lotos7:

Good afternoon lotos7. Please tell me the name of your indicators.
 

The pound is in a "wedge-in" channel so far, so there's that.

[Deleted]  
No thoughts on where to buy in from ?
 
BeerGod:
No thoughts on where to buy in from ?
from here
 
BeerGod:
No thoughts on where to buy in from ?
Not a reliable buy. Maybe another round of p.150 to the downside. A lot of people believed in a rising pound. There's a lot of buoys standing. And if there are no market reasons for the weakening of the pound, but only speculative levels, then according to the laws of margin trading positions will be glazed over.
 
Sta2066:
Not a credible buy. Might yet go around p.150 to the bottom .Lots of people have believed in a rising pound. There are a lot of bai's standing. And if there are no market reasons for the quid to weaken, but only speculative levels, then by the laws of margin trading positions will be glazed over.


Margin trading has no laws, only lawlessness.

 

My prediction for the pound is that buying is possible at 12.00 or 15.00 GMT at the levels indicated.

 
Sta2066:
Not a credible buy. Might yet go around p.150 to the bottom .Lots of people have believed in a rising pound. There are a lot of bai's standing. And if there are no market reasons for the quid to weaken, but only speculative levels, then by the laws of margin trading positions will be glazed over.
time is up now down to 28 - 2780 maybe a correction will start from there
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In Monday's trading, both oil grades are cheapening by 1.5%-2%, falling to December/February levels after Saudi Arabia's oil minister said that Brent islikely to fall to $100 amid supply domination over demand. The decline in the vast majority of risky assets due to the ongoing political crisis in Greece does not add to traders' optimism. "Investor concerns about the prospects of the country exiting the Eurozone are growing," notes Hans Loecker, an analyst at Raiffeisen in Vienna. - "Another concern remains high oil inventories in the US and weak demand in the developed world
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