Re-worked the $/Y trade , and have taken 1/2 off the trade at 94.54. New stop is move up to 94.87, and take profit on remaining is place for 93.97. This transaction is on automatic and I won't be actively managing it.
BOE just lowered repo rates and announced growth in QE to 175B. Very dollar bullish and waiting today to get a small pull back prior to repainting the GBP/$.
Short the GBP/$ in 1.6860, now protecting the entry with a limitation of 1.6690.
Edit: Today making another run at breaking 6830 so we will see if it breaks for the next run south
Edit: Stopped outside and now flat. Can re-enter when possible and stay with this
Re-entered GBP/$ at 1.6858, Cease at 1.6868 and Restrict at 1.6690
Edit: Now protecting the Entrance price at 58; Might like to see yet Another Evaluation of 6830 now
Edit: Flat and Searching for reentry
Wow, that has been fast. Went brief the $/CAD at 1.0702, and am square at 1.0697; has been long the E/J at 137.80, and therefore are now flat. Feel like I am swinging at the market these days and hitting atmosphere. LOL.
Long the $/CAD in 1.0749, shielding the entrance price now. Short the E/J in 137.07, shielding the entrance price. Be flat on both before I am finished typing this!!! LOL
Edit: Yep, flat the E/J
Edit: Flat on CAD, also.
I have taken a long position on the $/CAD at 1.0794, limitation at 1.0824
Edit: Have move my limitation to 1.0857 and still trying to work out the right limit so back in a minute
Edit: Limit is at 1.0945
Edit: Stop is now at 1.0804. Employment figures coming out for Canada in 75 minutes so will attempt to remain on this trade if stop is struck.
Edit: square at 1.0804
Most of this day was like watching paint dry, but I did have one trade on the GBP/$. So no need to ignore the trend, Now was a continuation of the move on Friday. So here is the trade: entered that the GBP/$ at 1.6572 on the break south, with a very fine 25 pip stop along with a 75 pip limit. Fib extension levels determined limit. Here it is:
August 11 @ 9:00 GMT -- Enormous motions south on the euro and pound are retracing a bit now but these current trends are powerful. We've reached resistance points . Waiting to get some indiions of what will occur. The yen is retracing the friday surge (into the .386) and there are far more targets below. The E/J has bounced a little and has fully squared the 8/7 move. Watching for north moves that are potential. Later on trades.
Reply With Quote