Closed my long Pound position at +36:D
Not much, but it helps defray the cost of my recent "Pounding"
I'm not feeling comfortable at the moment with what's happening...so I think I'll just stay on the sidelines and watch a bit.
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Closed my long Pound position at +36:D
Not much, but it helps defray the cost of my recent "Pounding"
I'm not feeling comfortable at the moment with what's happening...so I think I'll just stay on the sidelines and watch a bit.
Mentioned on the 23rd........
Yesterdays low turned out to be an amazing 8189.Quote:
quote:GBP looks over done at the moment with various minor
supports positioned in the area down to Gann levels
at 8311/8189.
The crystal ball is working again (perhaps);)
I bought small bits at .8243 , .8210 , & .8200 but sold the lot late last night at .8263.
My "gut" tells me the Pound is oversold so I'll be focusing on finding another entry point to buy in the coming week.
hell of a ride shorting cable last nite.... +25 now but was a trade very nearly gone bad!! -60 at one stage was hurting , double down policy paid off on this occasion , not always a smart hing to do tho.
Gann level at 8066 could halt southward
progress for a spell.
Notice the oscillator is in serious divergence
mode.
Exited a long position at 8192 for +50 yeeha!
But admittedly, it was a bit dicey [:0]
The Gann level I mentioned held as support withQuote:
quote:2/6 Gann level at 8066 could halt southward
progress for a spell. Notice the oscillator is in
serious divergence mode.
a low of 8078 and the oscillator proved its
value as a predictor, giving a nice gain
of 150 pips+/- for short term traders.
IMO the maximum run we should see is to 8554 where
a major wall will appear. Some resistamce
could also be encountered around 8310.
The north bound signals on this one have been
showing for some time (read previous posts).
Now we see a Morning Star derivative pattern
with the oscillator crossing zero positive.
Looking bullish (in the short term anyway).
Longer term still looks south bound.
Anyone else onboard this one?
Done 700pips in 7 days, taking a rest but more to come imo
(didn't get on at the top tho but)
Cheers
Slam
Slam, no this one slipped (crashed more like it) under the radar, as I was focussed on other pairs, but as it has turned out was probably the best bang for ones buck
There's an old saying in the market - 'it's never too late to sell the pound' - it probably still applies....
Xerof