GBP/USD
Heading down my range if it hits 1.6500 and comes up again I'll look for a long then
Just took a short 1.6525 stop 1.6540 limit 1.6500
GBP/USD
Heading down my range if it hits 1.6500 and comes up again I'll look for a long then
Just took a short 1.6525 stop 1.6540 limit 1.6500
Rio Tinto
Think its on the turn in Long at 2561 Paddy Power hate this Demo software price jumped as they give the Avg price.
Stop on my next line I've marked on my chart 2514 limit 2600
Just took a short 1.6525 stop 1.6540 limit 1.6500
Ok I got to take the wife shopping.
Got 5 open positions:
FTSE 100 Long 4963 stop 4930 Limit 5021
EUR/USD Long 1.4536 stop 1.4520 Limit 1.4555
Rio Tinto Long 2561 stop 2530 Limit 2600
RBS Long 56.1 stop 40 Limit 200
Cadbury Short 778.2 stop 800 Limit 600
At this point up £98 on the morning
I agree...
In general when companies are bought, there share prices rise, after all it means the other company thought they were a worthwhile company and now they will have loads of additional resources!
The reason Cadburies price rose so much after the Kraft bid was rejected was because further bids were rumoured to be coming in and it meant Cadburies percieved they were worth even more than that bid they said it 'fundamentally undervalued' them, hence - Demand for a company... If a company has demand from other companies, it must be good - So investors bought...
If the bids are dropped prices will fall and your short will work; But on the more-likely option that Cadbury is going to bought it; Prices will gap and stop price won't be hit (Unless its guranteed) hence, you are trading a very volatile market...
Additional bids MAY come in from Cadbury, gapping price up overnight and therefore its high risk...
Just in case you weren't sure of these elements upon entering your short!
Just thought this might be a resistance line to Long at 4963 stop 4930 limit 5021
We will see if I'm right ?
EUR/USD
short 1.4590
FTSE100 locked in profit stop 4983 which just hit +£20.00
EUR/USD
stopped me out again ! 1.4620 -£30.00
S&P 500
Locked in profit moved stop to 1037.0
EUR/USD
Not sure where this is going but taking a last stab at a short 1.4611 stop 1.4630 I can only think its the open in U.S pushing dollar, will it fall back ?