Reminder to myself NOT to jump in ahead of confirmation of trade signals.- BOE minutes (concern about weak currency => inflation) and UK unemployment data a lot better than expected, causing a strong rally in GBP (EUR/GBP now 0.8977).
- Looks like the triangle breakout I was looking for yesterday is going to be delayed for a while.
- Fortunate not to have taken any action in spite of strong gut feel about long EUR/GBP trade. Also thankful that I reduced short GBP/USD positions last week.
- The long wait continues.
17 March 2010
EUR/GBP : Importance of Awaiting Confirmation
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment