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by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 3054
Posted: Feb 22, 2010 5:00
Comments: 3054
Forum Topic:
GBP
Discuss GBP
djellal
can we see 1.5975-1.60 as support before we head to 1.625 gbpchf
And without break of 1.5389 I remain short (from 1.5290).
Risk 100 Pips
leverage 1.5%
+Sell Order at 1.5190
Target 1.4750
1) in a few comments you advised to use margin if GBPUSD runs from 1.49 to 1.5050 and beyond. Would you please explain how you would do that.
Many Thanks
Time to sell both the market and the pound I think :-)
(actually I did sell the pound/USD and made at least 50 pips thank you :-) ).
@Macrosam: yes, entries are critical but at the same time I find that entries are by no means an exact science, unless perhaps one is an extreme guru. Being a mere mortal, I have to go with my "twig in the water" approach. :-)
i also wrote on March 28 the following IMT
The days of +$1.5300 GBPUSD are behind us for at least 3-4 weeks according to this weekly charthttp://chart.ly/ 58ybcf
Ashraf