Is it time now? EUR/GBP….uhm….
Posted on March 30th, 2008 in Trading Journal
I decided to have a look at EUR/GBP as my friend, Jay , the lonely trader is looking at short side. I have a different opinion this time (Anyway, we might be looking at different time frame). In fact, I am looking at potential long trade. I feel there might be another run of bull. And generally, I still don’t see a bullish GBP coming. Let’s see how it works out. 
Here is the ….. CHART!
Here is the….Trend Score! We are looking at a strong uptrend at the moment.
From the desk of Tradergav.com
More on this topic
(What's this?)
Bullish on British Pound.
(Emerging Index, 5/12/09)
Will the Pound Get Pounded?
(Jutia Group, 6/8/09)
I Love My Wife
(George Washington's Blog, 5/29/09)
My netvibes page
This post has 10 comments
March 31st, 2008
did ya trade it? or did ya just sit there with yer hands under yer bum? you coulda made money off of the 7900 handle today on the asian close. what a beautiful move. quarter-end buying from banks into the close today propped this bad boy up nicely. alas, no profit taking.
vols are at all time highs, which means this pair still has room to run. 0.8000 barriers may not hold into the fix, but my PSL is above at 0.8060 — we’ll see…my time horizon is longer than usual for this trade and my bet size is smaaaaallish.
good luck man.
March 31st, 2008
Man, I can’t believe I was working for my day job until 10pm Melbourne Australia time today. That’s crap!.
And when I got the chance to open my chart (that’s the time I read your comment), it was too late! Well….not my day, I guess
Anyway, I am looking at 0.8 as a resistance level. Let’s see .
March 31st, 2008
haha, i was wrong. it wasn’t the asian close at all…it was actually around the middle of the session! what you need is a web-enabled phone that you can trade from. then you won’t resent the man so much when you miss signals. and those paychecks just add more capital to your account so that the day when you do go full time is closer. (you’re prolly closer than me…i’m still five years away.)
big barrier at 0.8. my feeling is that specs will try to front-run the level so if 90 doesn’t hold, a long looks even better. two big levels already gave ground today without much resistance — 55 and 65.
April 1st, 2008
jay: we still love
April 1st, 2008
jay: we still love you!
April 1st, 2008
John: LOL…now you are the Israeli Defense Force Minister..
April 1st, 2008
gav: i’m just messing with jay, and letting him know we still love him
April 2nd, 2008
geez! jay must really be mad…i came out of the closet, and he didn’t even notice
April 2nd, 2008
John: I guess, he hates you….LOL
April 2nd, 2008
gav: LOL…regretfully, i think ur right…i’ll spend the night drinking and listening to a little luther vandross…that always helps when i’m hurting