Monday, October 29, 2012

Short GBP/USD Oct 26, 2012

Shorted GBP/USD last week.The trade is still open. Trading is based on channel pattern and bounce off the resistance. Since the counter has been tracking this channel nicely last few weeks, it is quite a good trade. Apart from that, the 1-hour & 4-hour charts are inline with daily chart. This kind of pattern is not easy to find.

Generally, leave the trade open over the weekend is taking additional risk.

Wednesday, October 24, 2012

Currency Trade: EURGBP Oct 23 2012

Currency Trade recommended by Kathy Lien:

Comment:
Probably need to wait for a few days to see if the trend really reverse.

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I'd like to share my experiences and knowledge about healthy and happy living as well as mid-life crisis. 不以物喜,不以己悲。