Comments on: Cable: Look to buy a break above 1.5280

By: Ivory

Ivory — Fri, 05 Apr 2013 17:32:50 +0000

Written “record short of jpy” should be “record long of jpy futures”. Just reverced twice, thinking about USD/JPY position.

Sorry.

By: Kirill

Kirill — Fri, 05 Apr 2013 08:45:51 +0000

In reply to Kirill. > Sean you rock, first approach to 148 worked like a charm, it is nice when morning greats me with 100 pips in my favor. I noticed that when you mention levels early in the move and put them as a comment not a goal they do work ... I am closing this short and will wait for next opportunity. Thanks a lot. Cheers.

By: Sean Lee

Sean Lee — Fri, 05 Apr 2013 08:02:23 +0000

Thanks Ivory, interesting stuff

By: Ivory

Ivory — Fri, 05 Apr 2013 07:41:04 +0000

Hi, Sean. Yes, crosses helps a lot in yesterday move, but as I wrote a week before, the positioning of dealers in eur and gbp futures has been changed significantly to a long side since new contract starting in the middle of March. BTW, they’re record short of jpy, so I would take a look for the place to join possible big retracement there maybe since of the middle of May.

By: Sean Lee

Sean Lee — Fri, 05 Apr 2013 05:11:02 +0000

Will do El, had afternoon off but busy tonight I think

By: El

El — Fri, 05 Apr 2013 03:41:44 +0000

Hi Sean, have fun joining you in the 2nd run. But well what cant go down has to go up. =)
Update if you load on 1.5280, lackey here is keen to follow.

By: Kirill

Kirill — Fri, 05 Apr 2013 03:02:38 +0000

Ok did not think it would be that fast, but we are close to 148. I like to try small short here. Cheers