Are we looking at something big here? I am not keen in shorting cable at the moment. What do you think?
GBPUSD
Trade of the day 20 Jul 2010: $GBPUSD short
This is a pretty straightforward trade. Looking at hourly chart, cable was coming to a resistance level and price rejections was observed. I went short around 1.5283 (though I wanted to get 1.53 as entry..but..anyway..). Two profit targets were achieved with last portion of position was closed at 1.517 level. Potentially, cable might head to […]
Trade of the day 25 June 2010: $GBPUSD short
I have made some mistakes this week, well, stupid mistakes. Anyway, I think one of the essential trading skills is to learn how to pull yourself back after making mistakes, and bad trades. Anyway, enough crying like a kid, I am still trading throughout the week. I thought the $GBPUSD short is worth sharing […]
Trade of the day 11 June 2010: $GBPUSD Short
I thought I was going to call it a week early, but Cable gave me some bonus before the weekend. I was looking to short $GBPUSD around 1.48 area, however, the sluggish price action around 1.47 and yesterday’s high prompted me to give it a short earlier. 2 profit targets were achieved, and 1 still […]
Trade of the day 2-June-2010:$GBPUSD short
I thought I would choose a good trade a day (if there’s any) to post here. Maybe some of my 12 readers might find it to be useful. I shorted GBPUSD during early European session when cable failed to exceed yesterday’s high. My entry was not ideal, it was a little bit late. The trade […]
Doing some cable work…$GBPUSD
This is what I am looking at. Cable has been in consolidation since 17-May-2010. I am bearish. I am at short side at the moment. Playing on the bounce of upper range and downside breakout if it happens. Here is the …. CHART!
