Grashid -GBPNZD and GBPAUD (Any GBP pair also welcome)

I don't have a view on short or medium term. I see it up long-term. I believe the GBP is undervalued and NZD is overvalued. That's why I believe it will balance by going up. I only open positions that I believe are profitable long-term because I have the time to wait and I believe that short and medium term is hard to catch and might be tricky.

I also never open long trade in case we are on a multiyear top or short trade if we are on a multiyear low. As we are on multiyear low I will never open short and only long, the thing is when. Timing is really difficult. I believe that GBP NZD might move to 1.9 so be prepared in case the pair doesn't perform as you want it.

Regards,
Octacomm

am taking my rest for all pound pair (except GBPJPY) untill next week UK election result....

g

hi all, I wonder what makes NZD so strong, anyone can tell a story?

possible support?
i think a lot of direction from here will depend on election results on thursday, if there is a hung parliment the uk is f***ed. no parties agree and it will just mean lots of arguing about how to solve the problems and not a lot of doing anything about it
hi ytht234, i think nzd is strong because of the likelyhood of interest rates in nz being raised next month.
correct me if im wrong, i think i read there is a 66% chance of a hike being factored in?
aud/nzd also broke below support at 1.28, which i have as quite a significant support
octacomm are you holding/ adding to longs?
have a good weekend

I closed my long at 0. I have decided not to risk and wait for a better entering price. We will see

Any views on possible positions for after the election?
from what i have read conservatives getting in should be bullish gbp.
good luck

Hey Grashid, any possible scenario for a position here? I look forward to hear you. Please do some analysis.

Regards,
Octacommm

Hey, terrible news for the Pound............Let's BUY!!!

Yes, I just opened 25k long, I'm ready to add more. I guess we are near the bottom but I would be happy to hear Grashid as I trust his expertise.

Do not buy. I was being sarcastic.

I opened a small one and I will do adds every 5 cents I guess, I feel that there will be good news about the elections that will boost the pound. We will see

News don't make pips, statistics-candles show where the trend is.
Smart trading.

hi mate

as i say no pound analysis nor trade this week except GBPJPY...check my blog for UJ/EY and GY pair....am already done and so sorry as i am in my business trip right now...not much time to make some post..just monitor my position on Monday on EY n GY short...

catch u later next week matey....n trdae the pair which is clearly show some sign...

p/s: by the way am done in this month trade as i already reach tripple monthly target...just close if yesterday and last 2 entry just now for both EY n GY...so no any position right now....am done...perhaps i will post my analysis this weekend..

cheers

g

hi.
i know that this may have no relevance at all, but i was playing around and have noticed that between the highs and lows on the monthly charts is around 18-19 months (except in the red circle)
if you take the spike high at the end of 2008 (yellow circle) as the last lower high, we are now into the 19th month.
also the last 2 rises have being around 6 months.
this is as far back as my charts go, if anybody has longer term charts does it hold any resemblance?
let me know if you think it could be relevant or if im just seeing what i want to.
cheers

Grashid buddy, I will be waiting for your analysis! I hope to hear from you soon and hope you are doing well.

are you adding to longs octacomm?
do you think it will go lower?
bounced off weekly s1 so far.

I will add at about every 5 cents , I entered at 2.066 , I will add at 2.02. I think we are bull medium and long-term.

do you think it will drop below 2.0?

No, I don't think so. That's why my main position for the pair will be 100k, 50k I have and 50k I want to add soon.

hi octacomm
what price do you think it could be in 6 months- a year?
im guessing this is the sort of time frame you mean by long term?
good luck