Here's my next trade, Fred.. I'm planning to buy around 1.576 and will sell once it crosses 1.6+... Of course, there is a chance it will go lower. If it goes below 1.575 and does not rise, close it out... It may then drop to 1.5360.. Either case, another bullish move is in the cards but only after Tuesday...
It's 19.30 (12.30 GMT) and I'm in on the pound...... I don't want to post this publicly but watch out for it to hit 1.60 at around 15.00. What do you think?
I was watching all day and it as pretty flat and I was thinking "am I going to have a trade today" all the while remembering your rules? Anyway come 16.30 local time here GBP just dropped like a rock and I entered two lots. The first was way too early at Spot 1.5629 at 16.29. I then entered a second lot at Spot 1.5539 at 16.59. I have just taken profits of $1,100 on the first lot at Spot 1.5724 at 21.53 and I'm waiting for the second position to come back to around 1.573 which should hopefully be within the hour although it is looking pretty stagnant at the moment - the big boys must be on coffee break!
Sorry had to go off and finish off the second lot. I am not sure if this is called scalping but made about 146 pips nett today. I was going to hold onto the end of the month but read your post about the long weekend and thought the better of it!
Hi Karransk how can I message you on this Forum's system? Is it through this? If so please reply as I would love to chat to you sometime but as you say the pull back looks like it has begun. I was going to sleep but maybe i need to stay up a bit and get back in again. Does 1.56 sound OK?
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