Comments on: Goldman Sachs leading indicator turns positive

By: Hitesh

Hitesh — Fri, 19 Oct 2012 08:05:10 +0000

I think cable long at 5993 to 6090 stop below 5975?

Hope you are well.

By: Sean Lee

Sean Lee — Fri, 19 Oct 2012 03:10:41 +0000

Hi Nachiket, this was from my opening comments “Cable fell heavily after the market ran into heavy offers from US corporates above 1.6170. Stronger than expected retail sales, coming on the back of better jobs data, gave the GBP bulls some impetus in early European trade but this was reversed sharply in NY trade. Short-covering dip-buyers in EUR/GBP near .8110 were extremely solid and this pair looks set to test technical resistance levels at .8155 (see chart) and ultimately .8220. In fact this EUR/GBP up-trend has been one of the more resilient this week.

By: Sean Lee

Sean Lee — Fri, 19 Oct 2012 03:09:05 +0000

Yes Vivien I did at 12100, he said to keep it for 2 weeks so lets see if it moves. He said s/l below 12030 but I’ll put mine with rest of planet below 12000

By: Nachiket

Nachiket — Fri, 19 Oct 2012 02:49:46 +0000

Sean,

can you please let me know abt cable orders. It tanked almost 100 pips in 2 hrs overnight.

By: Vivien

Vivien — Fri, 19 Oct 2012 02:27:41 +0000

Hi Sean, did you enter the EUR/CHF yesterday on your friends advice? If you did are you close enough to clip him over the head.

By: Sean Lee

Sean Lee — Fri, 19 Oct 2012 02:15:17 +0000

That’s right Szabi, funny how many times that happens. Maybe because the mkt expects it to? I just got the GS info thru Twitter but I’ll post a link asap

By: Szabi

Szabi — Fri, 19 Oct 2012 01:58:00 +0000

Sean, this is very interesting, is there a link (more info) about these 7 indicators? What are they? By the way, you turned out absolutely right about the first move on Monday – in Asia, euro declined, then it climbed during the whole week practically 🙂 and the week isn’t over yet!