Which way?

cricket

Junior member
27 0
So Which way for the $/£ and E/$, Some say up some say down, Don`t know which way it will go, think i will sit tight on the longs and see. Any info?
 

nefariousbaffler

Member
58 0
Well I'll give you my humble opinion. Greenspan is speaking in about 20 minutes and this is always soemthing that cause a lot of shock waves. So if you're sitting on anything, put in your stops as the market will most definetly fluctuate a lot. If you are sitting on a profit I would take it now and just stay out of the market until a clearer picture can be seen.
 

zow

Active member
136 0
heck, I don't know..... why you asking (me) anyway?
;)
 
Last edited:

TWI

Senior member
2,531 252
Seems to me that EURUSD has made textbook top and USDCHF textbook bottom. Much as I feel horror at getting long dollar it is the only way to be right now IMHO until the neckline is once again crossed. Also sold EURGBP today as that looked way overbought and coming up against major resistance and fib levels. All are working so far today but that could just be the friday effect.
I would point out that a lot of my FX trades get stopped out it is the winners that tend to run well. I am very simplistic in my approach to FX as in my experience this is how most FX traders appear to be :)
Good Trading
 
 
AdBlock Detected

We get it, advertisements are annoying!

But it's thanks to our sponsors that access to Trade2Win remains free for all. By viewing our ads you help us pay our bills, so please support the site and disable your AdBlocker.

I've Disabled AdBlock