Presume you mean you paid 4800, to win 10,000? Interesting developments today: No interim rate cut. Market is factoring in a 50bps cut,but mkts tank. FED say "no inflation" Cant really see a catalyst for equity markets, or the carry trades as a proxy to rise. Their will be a repatriation of assets due to risk, and GJ will go one way.
Took half at 210.05 +200pips. Holding my other half. Stop on entry. Obviously a lot of stops on the 210 level, which gave a bounce off.
Best G/Y thread on the web - straight and to the point. Please keep it going. Any more thoughts on the Dow related to G/Y? Thanks.
ES was up 15+ overnight and I took a GBPJPY touch to 212.50 for a 50% gainer. GBPJPY should be trading ~200 based upon equity fallout. It's telling that it's holding up as well as it is.
Thanks Mack. 210 will go. Its just the £ is strengthening vs other crosses at the moment. If I was an Asian fx trader. I would sh*t myself at what happened in the previous session, and get out before I got crushed by Godzilla.
Dreadful UK retail figs of -0.5 m/m. Will keep the trend short and pressure on the £. Needs to get under 209.4 for continued follow-through.
Added to short at 210.5 st 212 tp 209.5 Futures have rallied since yesterday, fueling speculation that the carry-trade will come back into fashion. Obviously, i think the markets might have a snap rally, but i expect it to be short-lived. The nature of a bear-market is short the opens, buy the close, lets see if this happens today.