RFT is back (to forex trading). He says hello to those who know him on his financialtraders blog. The reason RFT is here is to ask what you think of a trade he placed few moments ago, with EUR/GBP at 0.8710. RFT thinks 0.8720 is a short term top at least. Possibly a major top later. December 05, 2005, about 3AM, short EUR/GBP at 0.8710 area.
you can say that. I like to nail tops and bottoms. I am always at a top selling, or at a bottom buying. it happens that eur/gbp is at a top. so I want to cut some british heads, who are short their own currency. I also took profits on Nasdaq 100 at 10:24AM, the current standing bottom on NDX. Readers of my blog can tell you that I like tops and bottoms.
11:59AM (dec 5, 2008). pair is at 0.8660 area. Latest Profits shown are 45 PIPS. Earlier profits: 70 pips Commulative profits: 115PIPS. Remarks: both shorts at the top!
Hey cat... 1-how do you determine if a "currency is at the top"? 2-where can I read your blog? IncreaseNow
After taking another 70 pips on this pair on Sunday, I was back in earlier today at the area of the top I mentioned in first post (0.8710). Now I will not take small profits on this. I will let ride more. Who is in on this pair? It is now at 0.8680, which is not too far from the recent top. I plan to add more in case it goes up to the top and fails. Realized profits: 145 PIPS. Unrealized: 30PIPS. Cumulative: 175 pips.