2007/01/05

Old trade GBP-USD-short update

Want to update previous position with last actions:

1/4/2007 6:51:39 AM Sell GBP USD 1.9436
1/4/2007 6:56:25 AM Sell GBP USD 1.9440

Average positions now: SOLD GBP USD @ 1.9531
SL 1.9493 TP (to trail) 1.9113

Nice trading day today!
So much for the ADP!
NFP revision for prior month is higher to 154 from 132, very solid numbers. NFP is 167K (100K expected). Possible 1.91 next target for 1-2 sessions.

Good luck to all Forex losers.

2007/01/04

New trade GBP USD short

good day,

Yesterday went short GBP USD at 1.9716. The fact this pair closed bellow 1.9550 is encouraging for a new tests of 1.9470-1.9440.
...From USA we received a better than expected balance from all news yesterday. ADP survey must be confirmed tomorrow from NFP before to judge a bad situation in labour market, for the rest both ISM and Fed minutes are better than expectations and Dollar cud strengthen a little bit more specially against Yen.

Now I have trailing stop (70 points) with SL at the time of writing. If 1.9470-1.9440 broken today this position will be kept until daily Stochastics will turn up again for 2 days.