Ivan's Trade Thread, part II

Looks like GBP/USD is taking off to the downside.

Looks like a lot of buying started hitting right around the 1.38 level. Not sure iof that was profit taking after the spike or what....but that was a nice little spike we had there.

I went short at around 1.3910 or so, and hopefully this down move is a sign of things to come. ha ha

That quick rejection makes me a little fearful of a reversal, however.




Ivan, would you mind offering insight into your short trade on AUD/USD?

Thanks.

 

Not really, no.

 

I see that

I took a short at 0.6493
Had a s/r line at 0.6475,

 

Are you concerned with the consumer sentiment figure coming out in 15 mins?

 

You think the consumer sentiment number is going to be fantastic?

 

Ummmm.....depends what it does to any profits. Ha

 

heh...muppet

 

get a 10 year GPB/USD chart out...man this pair looks like it is going to 1.3500..agree?seriously..what could really booster the GBP/USD upward at this point?seems only USD weakness would do it and not GBP strength...but the USD is too strong..so..see ya at 1.3500!!!

 

I had moved the stop near breakeven, taken out +2

 

Price hit very strong resistance from a horizontal scalp line and the 25x5 DMA at ~1.9920. The price has hit and declined three times in four days and eight times in the previous four months. Next level of support is 1.9515.

Stop around 1.9930.