Gecko Global Analytics

hong kong nt 16:20 GMT December 14, 2006
-- GBP 1.958 maybe the low in rest of this week..fwiw..

Singapore FS 14:35 GMT December 14, 2006
for euro, anything under 1.3150 is good for 1.36 and beyond, i guess we won't see under 1.30 anymore this year


van Gecko 13:35 GMT December 14, 2006
in addition to the current record spec shorts on the Dollar, most fishes are getting tired of waiting for BOD & are now net long euro & GBP.. the market setting up for lots of blood transfusion near term..
.. Society & markets will not function well without gullibility..

van Gecko 12:06 GMT December 14, 2006
Sydney ACC 10:22.. interesting piece..

Singapore FS 10:24.. imo most traders are spinning their pip'less wheels in fx & don't have the discipline or resource to survive long enough in this cesspool to worry about a 500 pip move in either direction.. it's sad, but true..
but then again, you could be an exception..

Singapore FS 11:21 GMT December 14, 2006
nt, don't you think we have plenty of master hui's followers with us here which means euro beyond 1.36 and gbp beyond 2 are the next big things?
levels are still valid, gbp 1.9640 and 1.9590 support for 1.98/1.99, still BOD

Singapore FS 10:24 GMT December 14, 2006
van Gecko 10:10 GMT December 14, 2006
gecko, i think most traders don't have pocket deep enough anyway for more than 500 pips in wrong direction, so if we are to go 500 pips more to the upside from here to 2.01xx for gbp, then shorting gbp here would kill most

Sydney ACC 10:22 GMT December 14, 2006
van Gecko 10:10 GMT December 14, 2006
In the Times ,
Anatole Kaletsky, wrote that Brian Marber had developed a law with regard to forex rates when they reach a long-term high/low target such as with GBP/USD now.
"when a currency reaches within 1 per cent of a previous important high, it enters a “twilight zone” from which it could easily emerge in either direction — and as soon as it does emerge, with a move of 2 per cent or more, that establishes the new trend. "

Whether you agree or not makes interesting reading.

van Gecko 10:10 GMT December 14, 2006
Sydney ACC 09:51.. the average correction after any GBP extension within the 1.90/2.00 band over the last 25 years is aprox. 28 figures.. so 1.68 is within the range..

Sydney ACC 09:51 GMT December 14, 2006
Not to say I agree, but Lehmanns and Goldmans both issued recommendations this week for clients to sell sterling on a lomg-term basis using derivative instruments.
There was an article in the Telegraph earlier this week:

One of them called it down to USD 1.68.


van Gecko 09:29 GMT December 14, 2006
GBP at these levels may represent a rare limited window of opportunity for mid & long term players to sell at levels not seen for the last decade & may not be seen again for the next decade to come.. a Sell & Snooze theme for the next 10 to 25 years.. and where her majesty go, cousin Euro & others will follow like Pavlov's dogs for they all dance in a macro same direction vs the Dollar with lead lag steps..
Cheerios for her majesty's brave short marching soldiers....

euro@1.3250 GBP@1.9700


hk ooozmeeh 09:08 GMT December 14, 2006
Athens MK 08:50 GMT December 14, 2006
..checked the trendline mate..but the way I see it, it’s a case of resistance becomes the support thing proven by this weeks low (1.94650) which hit the line and bounce back. This trendline which now acts support is suggestive that the weekly trend is bullish. Only the condition that you claim and I agree ….”and if we have a close for the week below that level could start to pave the way down for cable to the 1.92 first and then 1.85…’ will change my view and might signal that the bull trend is over.
…Your view on this matter is still respected but this is just my very honest opinion on that weekly chart of cable, sir… good luck and good trades to you mate…

Athens MK 08:50 GMT December 14, 2006
For those of you that are trendline friendly take a look on the weekly chart and draw the tops from 06/24/05 until today. You will see some interst at the intersection which is around the 1.9440-66- level and if we have a close for the week below that level could start to pave the way down for cable to the 1.92 first and then 1.85.... Of course this is some time away but for discussion sake looks interesting.

Athens MK 08:35 GMT December 14, 2006
Good morning.... Just arrived at the office and I am taking a quick look at cable. So far I see that we are getting set up nicely for a sell bias. Consolidation has been occuring the last couple of days. About 10 hours ago we have enter a stronger sell bias and potentially today or tomorrow a nice sell signal will occur for an attack on the 1.9460-70 level.....

I know of some systems that are actually putting in sell orders at the level 1.9680-1.9750 with S/L at 2.xxx looking for 1.9610 1st profit
1.9555 2nd profit
1.9466 3rd profit
Stop/Loss 2.xxx