19 December 2012

GBP/USD : Short @ 1.6289

  • Sold cable at 1.6289, against stop above recent double highs at 1.6308.
  • Normally I do not like doing such trades, picking top of range. But there is a compelling reason to do it in this case. Given I am limit up long EUR/USD, this cable trade is done to partially reduce exposure to a sudden pull-back in EUR.


Taichiseal said...


Taichiseal said...

Squared all at 1.6255.

Treat as day trade short against core long EUR.