Discussion in 'Forex Trading' started by propslave, Jan 24, 2011.
Just curious if anyone else is getting long on the British Pound? Lots of potential here.
I went long pound futures this morning, took my slice of pie and left the table. I trade intraday 15min - 4 hour. Are you looking long for daily or longer?.... just curious
Yes, talking long term here
GBP/USD is a dramatic short in my opinion right now...
Tend to agree looking at structure , nice swing tops to stuff a stop above , USD looking overdone sellside , USDX has fallen out of channel so thats the other side of coin , anway risk/reward the short wins out atm .
I got long GBP/USD yesterday expecting a continuation of the uptrend on the daily after the recent pullback. Being very nimble here though because we could see some congestion. It's also possible that the recent pullback was signalling a reversal in the near future.
Long for now but ready to hop out at the drop of a hat.
Holding but being very cautious.
Just make sure you get out before Merv gives another speech...
OR Mubarak - flight to USD if things get worse
Profit taking time. Out in full.
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