Monthly Archives: April 2011

GBP/USD short – Second attempt

The Pound Dollar got me on that first try. If I hadn’t been encumbered with giving advanced notice the trade would have been closed for a very manageable 39pip loss when if first appeared to be doomed to failure. It … Continue reading

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GBP/USD Short Trade- Update

This trade is going to bust. The decline is corrective and the slaughter of the US Dollar continues. It’s time to cut it short or lower the stop to at least minimize the losses that are about to come this … Continue reading

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GBP/USD Short Trade

The British Pound has been in a good rally, or has it? Stepping out to a larger view one would see that a dramatic fall has occurred from the ~$2.1110 level. For the last two years the GPB/USD pair has … Continue reading

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Aye Carumba!

Well, I can’t put my finger on it exactly but, something just doesn’t add up. I’m beginning to suspect a run to a new high and then the fall. Everything is shaping up nicely except…. GBP/USD looks to have one … Continue reading

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Update on EUR/USD short…..part deux

It has been about a week in this trade and it seems to have set up for another move. Now is the time to set some stops in case it blows out the top. The emergency safe stop of $1.4583 … Continue reading

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EUR/USD short…..part deux

It didn’t take long for price to reach the 100% mark. As stated, a new short position was taken with a standing limit order of $1.4383. At present there is no stop placed, however, a fail safe stop could be … Continue reading

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Oh Hindsight for Foresight

It is now obvious that the 120pips should have been taken when it was given. The second entry was stopped out at +5pips while the first is rolling a loss. The current action is pointing at the 100% mark. If … Continue reading

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