Comments on: EUR/GBP: Flow guy says sell at .8660/70

By: Sean Lee

Sean Lee — Wed, 20 Feb 2013 04:03:39 +0000

I’m with you in spirit on this one Nachiket, though not position-wise, I’ve got enough risk on elsewher4e

By: Nachiket

Nachiket — Wed, 20 Feb 2013 03:49:16 +0000

EUR/GBP would be a dangerous trade as was EUR/AUD a few days back when both you and me were trapped in our longs. I think EUR will not fall much but so will the pound.

By: Nachiket

Nachiket — Wed, 20 Feb 2013 03:47:45 +0000

Sean,

I made money yesterday buying the pound and my experience says that I make good money by going long instead of short on the pound. I did not see any reason for the 60 pip sudden fall yesterday and won’t be surprised if the pound gives a 200 pip intraday rally in coming days. if it fell on the s&p rumours s&p has rubbished them

By: JasperD

JasperD — Tue, 19 Feb 2013 22:26:54 +0000

As always, thanks for the update Sean! The financial media seems to be ganging up on sterling, with some predicting it will be the next yen. Makes me wonder if this a contrarian signal or should we go with it…

By: Sean Lee

Sean Lee — Tue, 19 Feb 2013 21:55:41 +0000

Hi Jasper, no I’d wait n see, I’ll try and find out new info but will be in early European trade

By: JasperD

JasperD — Tue, 19 Feb 2013 21:00:17 +0000

Is the pair still a sell now? It’s over 8665 but seems to be stalled at 8680