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Saturday, updates

by Gav Leave a Comment

I am holding my short position of EURGBP right now. This is an interesting trade, probably because of the intense converstation between me and Davidpotts on Twitter. He is out from the position now while I am still holding on. Let’s see how it works out. So far, I am still convinced that EURGBP is overbought. I will let the market take me out if I am wrong.

Increasingly, I am getting more and more uncomfortable talking about details of my trade on Twitter. Firstly, I never intend to offer free entertainment or education (if there’s any 🙂 ) service to silent readers.  And the only purpose I can see the fellow twitters doing so is to attract readership of their premium services, or paid newsletters subscriptions. I offer none of them, anyway.

I like the discussion like the ones I had with David but, keep the conversation public is not something that I am confortable with. Not sure what am I going to do next.

Anyway, one trading day left for the month of August. This is a relatively quiet and not so impressive trading month. Looking at my monthly report, I stay rather flat at the moment. Let’s see what September brings to us.

I am looking forward to tonight’s home cooked Burger dinner at my friend’s place. It is always nice to catch up with friends. Here is the menu I’ve received

Entree
Be surprised!
(fact is we haven’t figured that one out)
Mains
Pommes frites
with a choice of rosemary or truffled salt (i.e. French fries)
Hamburg steak
(i.e. hamburger)
It also comes with a free burger bun,complimentary condiments, pickles,salad…
(no we don’t charge for tomato sauce and mustard)
Dessert
A really mean A&W root beer float with vanilla ice cream

Filed Under: Trading Journal Tagged With: EURGBP, FX, Trading Journal

Reader Interactions

Comments

  1. Gulzaar says

    at 9:55 pm

    Hello Gav!
    I am also biased to the short side in the EUR/GBP. I am actually looking at the GBP/CHF(daily), and we have had a good run down, I am now waiting for a retracement before shorting again. So a GBP/CHF long = a EUR/GBP short. Lets see…Good luck!

    Reply
  2. Gulzaar says

    at 8:55 am

    Hello Gav!
    I am also biased to the short side in the EUR/GBP. I am actually looking at the GBP/CHF(daily), and we have had a good run down, I am now waiting for a retracement before shorting again. So a GBP/CHF long = a EUR/GBP short. Lets see…Good luck!

    Reply

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