Up to 1.6540 just locked in 1.6530
now on a freebie trade got locked in profit to regain that earlier mistake so if it drops to 1.6530 thats ok locked in. If it rises its all free cash lol
EUR/USD
Just took a profit of £15 at 1.4730
Bloomberg reporting that Euro strenght against the dollar is a year trend to push to 1.5160, they report this is a year long trend to come ?
Just closed my short for a LONG at 1.4729 it Bloomberg get it right +£431 to come over the year.
Stop 1.4690 to give it some breating space.
Just took a profit of £15 at 1.4730
Bloomberg reporting that Euro strenght against the dollar is a year trend to push to 1.5160, they report this is a year long trend to come ?
Just closed my short for a LONG at 1.4729 it Bloomberg get it right +£431 to come over the year.
Stop 1.4690 to give it some breating space.
On the EUR/USD news I have taken a LONG on GBP/USD, right ? We will see
1.6540 stop 1.6420 Limit 1.6700
Just got my trades mixed up with the IF DONE orders stopped out 1065.9 -£17 my buy got sell so no further trade doh
Stopped out on EUR/USD 1.4690 -£39
I WAS RIGHT BUT I LISTENED TO BLOOMBERG
Back to my chart shows a buy at 1.4684 so will look for a turnaround there
Are you watching Barclays 3.86 -> 3.79 so far today - would have made a nice short. I'just ridden it up from 3.55 to 3.80. It's a good one because it bounces around in a range so get in at when at 3.60 and out at 3.80 and repeat in a week or two.
The indexes are just too random for me - had my fingers burnt too many times.
The indexes are just too random for me - had my fingers burnt too many times.
montmorencyt2w
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Stopped out on EUR/USD 1.4690 -£39
I WAS RIGHT BUT I LISTENED TO BLOOMBERG
Not sure what time-frame you are trading on, but the EUR/USD looks pretty tough to judge at the moment, IMO (I'm a longer T/F sort of person). The guys on "I'm Shorting the Euro" seem to have it sussed, although I don't watch their trades that closely. My sentiment is bullish, but technically....hm.
Whenever I trade directly off some information like this (from Bloomberg), it almost always ends in tears.
It's hard not to be influenced though.
Some people say "ignore the news", but it's not as simple as that. It can't be. I think you have to get the balance right between forming a view based on your knowledge of the market and how it works, and trading what you see. Maybe when you get that right, you become a good trader. I'm still on the learning journey myself.
You asked earlier about hedging GBP/USD versus EUR/USD. I don't know for sure. I think you probably can, but only after watching them carefully for a good while. I don't think it's going to be a constant thing.
