Eur/gbp (top)

Discussion in 'Forex' started by riskfreetrading, Dec 5, 2008.

  1. 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.
  2. first 40 pips in the bag! it is now below 0.8670

    any news about this pair? who trades it?
  3. eur/gbp went to 0.8630 area.

    profits taken at 0.8640.

    Total: 70 pips.
  4. Dec 5, 2008, 10:14AM. Shorting it again.

    Entry at 0.8705 to 0.8710 area.
  5. are you "consumed" with Eur/Gbp only or others?...eur/usd, aud/usd, gbp/usd?
  6. 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.
  7. 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!
  8. Hey cat...
    1-how do you determine if a "currency is at the top"?
    2-where can I read your blog?
  9. Hey Man...are these results on 1,2,5 lots etc.?
  10. 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.

    #10     Dec 8, 2008