Archive for May, 2006

The Dollar Gains Reprieve - My Trade Clocked +245pips Today..

Wednesday, May 24th, 2006

The GBP/USD traded sharply up this morning to retest 1.8860 from the low of the Frankfurt open @ 1.8727 only to head southward again. None of the better than expected CBI report mattered today. The latest weakness in the UK equity market also contributed to the ’southbound train’ movement.
The euro surrendered its early gains made […]

This Morning’s Long Suffering Trade - GBP/USD

Tuesday, May 23rd, 2006

It’s one of those mornings. I am finally out of the long suffering trade - a position I took this morning on the cable. I was hoping that there would a 1.8800 violation today. Though it did touch up on it there wasn’t enough momentum to push through. I was glad to be away from […]

Choppy GBPUSD This Morning

Tuesday, May 23rd, 2006

The morning market has very indicisive. The Cable has been vaccilating between the 50 and 61.8% range (8835~8870 respectively) of May 17th Hi @1.9025 and yesteday’s Lo of 1.8632 . It has been fairly difficult picking a decent position though. In the last hour or two there seem to be a directional bias southward breaking […]