Week 15

[torero]

I'm getting tired of having to watch paint dry on GBPUSD. I'm watching something else for a while until volatility picks up again. 78.6% reversal area? We'll see in the lower frames.

I wish Buk or Tex were here to enlighten a bit on this scenario.

[milliard]

	Quote:	torero
	I wish Buk or Tex were here to enlighten a bit on this scenario.

Which scenario torero? The Cable situation or that Geppy chart you posted up?

I'm babysitting a couple of his positions atm, Geppy being one - & they're certainly not looking at shorting or (paring) covering at current levels v/s Yen particularly.

That's if you were maybe intimating that 78.6 was a prospective short candidate there?

But then I guess it depends on your timeframe angle? We don't daytrade these instruments, so I guess that might influence events.

[milliard]

There's the closing opp on this leg of the Geppy carry torero, up at the 138 extension & monthly R1.

The 38.2 to 138.2 leg closure offers the chance to move up stops from the carry re-engagement farther back (off c222-23) & wait out this weekends G7 muppet show.

See if we get ourselves a half decent pullback to load up again.

[torero]

Excellent! Thanks for the heads up, very interesting view. I'll watch that for that when the muppet show is through!