Monday, 7 June 2010

Short GBPUSD @ 14525

This time wanted to short but instead of diving in using the Fib numbers took an educated guess at the level at which it could reach before falling back (the general trend being down) Typed in 14550 first then decided to take 25 pips off the top to compensate. As it happens the pair go to 14563. Put the order in at approx 12:30 and it executed at 14:56 Close at 14482

Also followed my own advice and avoided a gold short as there was a powerful, possibly short covering rally today

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