Good morning all
As you all know its budget day and boy do the government need a good one. Will that push GBP higher who knows!!!
Some of us are short...As explained to the group 1.4710 is resistance and double top is written all over it. Therefore its all about where you enter on the short play...Some short at 40, 50, 60 and even 70 depending on their risk profile. I only managed one short play at 63 with aim to sell evey 10 pips with stop at 25. I understand for many that would be too higher risk and thats why some held off for a higher price at say 80 with only a 40 pip risk but as we know those orders didnt get filled. Thats trading and good on you guys for only trading when u r comfortable with the risk.
Pips were made in CABLE, GBPJPY, EURUSD, EURJPY and USDJPY which is gd to see with all trading with the trend.
Clive and a few others (not me) hit GBPJPY instead of CABLE (similar looking chart) and made some great pips shorting from the doubletop at the 4hr 20ma.
Well done team and great trading... I also respect peoples decisions not to trade around the budget.
Figures in 3 mins.
D