Gbp/usd

do u guys mind telling me how much money u r trading with? or per point?

 

Another 230pip rise today, despite a poor political situation, a tepid economy.

Force Majeure. I think the fx market has become the next hot thing after the commodity market now.
Its hard to comprehend risk/reward in this market.

 

Short at 1.8285 - political pressure will weigh on this after wednesday when the Labour Party does disastrously in the local elections.

 

There is a very large cable fix at 11am London time this morning. The bank needs to buy £ this am.

 

long 1.8618

 

closed 1.8678 + 60pips

 

Short at 1.8834

 

Stopped out at 1.8875

Edit: Ahhhhh... Look like I'm stopped out at precisely the top. Lesson: Never place a stop at a top or bottom.

 

Short at 1.8985. 1.9000 strong resistance.

 

No point being short, best to buy dips. I think the rallies which have happened in commodities will switch to forex, perpetuating dollar weakness on implicit structural concerns. I think long cable could be the trade of the year, could reach 2.15 by this time next year.