what pairs do you trade?
"They mistook leverage with genius".
That depends on the high impact events. For example, before the NFP I'd close my USD-related positions, before a BoE announcement I'd close my GBP-related positions. And so on and so forth.
Regarding EUR/GBP, it has almost reached the previous high at 0.8626. I'm waiting to see whether it will form a double top or it will continue rising above that level.
Long term trend looks bullish,may get some intra day pull backs ,the trend is your friend,watch out for fake outs around that 8600 level.
"They mistook leverage with genius".
Aug 11 2016 at 15:27
it will have enough steam to reach 0. 8794 before any correction
Aug 11 2016 at 22:53
rob559 posted:if correction there is
it will have enough steam to reach 0. 8794 before any correction
It all depends on the bond buy backs over the next six months,so far the demand is x4.7 times over subscribed, further weakness in the pound is the objective,BOE have plenty of fire power to push yields lower.
"They mistook leverage with genius".
rob559 posted:
it will have enough steam to reach 0. 8794 before any correction
I am not so sure about 0.8794, but I think that it will reach 0.8750 - 0.8760 at least.
Looks like a pull back for now short @ 87020,take profit @ 86500 stoplosss 87030.
"They mistook leverage with genius".
It broke below 0.8700 again, next target is likely 0.8670.
Looking like a 86350 breakout from the set up.GBP needs to decline more for re balancing.
"They mistook leverage with genius".
430 points so far ,nice when you get it right.
"They mistook leverage with genius".
I have still have a short position open, my target is at 0.8600.
I opened another short position, my target is 0.8480.
I closed the short position. I am disappointed I didn't open a long one earlier, because I think the pair will retrace back to 0.8570.
84841 looks like a possible floor for now ,85 daily bounce
"They mistook leverage with genius".
Broke through support 84841, 84750 looks like next support level,I will be keeping an eye on it.
"They mistook leverage with genius".
84750 seems to be holding even though we got a push down to 84734,its a slow grind upwards,might see some action around 6.45
"They mistook leverage with genius".
Pound strengthens on PMI.
"They mistook leverage with genius".
