Comments on: Cable: Eyeing technical support after GDP data

By: Hitesh

Hitesh — Thu, 27 Jun 2013 10:59:10 +0000

Well truly thats a great trade until Carney starts firing on all cylinders. !.5920 reasonable target before 1.60.

By: Sean Lee

Sean Lee — Thu, 27 Jun 2013 10:18:07 +0000

Stop at 15100 for now but will raise as mkt develops

By: Andras

Andras — Thu, 27 Jun 2013 09:36:41 +0000

Hi Sean,
Your exit level around 1.5000?
András

By: Sean Lee

Sean Lee — Thu, 27 Jun 2013 09:17:24 +0000

This is a longer term one Mike and I’m still only running a reasonably small trade overall. I will sit and watch for a while. I like these technical trades as they give very exact exit levels so I can manage my risk quite easily

By: mike

mike — Thu, 27 Jun 2013 09:05:25 +0000

I see, got ur point.This trade could be a long but reward.

Cheers~

By: Sean Lee

Sean Lee — Thu, 27 Jun 2013 08:48:16 +0000

Long term I’m a definite USD bear. I know cable looks a bit sick at moment, always does on way down, but once this phase is over I think mkt will slowly realise that prices below 155 are way too cheap. Plus I really like the technical set-up after the double bottom formed near 150. Exact same thing happened in EUR/AUD at 123 and that jumped 20 big figs soon after

By: Mike

Mike — Thu, 27 Jun 2013 08:38:28 +0000

Hi, Sean,

Any particular reason this time you choose GBP/USD pair instead of other cross, like GBP/CHF, GBP/JPY?

thanks

Mike