GBP/USD Trade

[FX Baby]

Hi all,


I'm gonna be selling the pound today.


Sell@2.0000
Stop@2.0050

1st target @ 50 pips (1.9950)
2nd target i'll let you know or when you think its time


Good luck all!

[rcgreg]

Interesting, Is that because
1. You expect a rebound in the Dollar now that JP Morgan has bought Bear Sterns?
2. You see further weakness in the Pound showing up today because of an upcoming announcement?
3. You are looking at the Technicals and they indicate a retrace in the Pound's movement?

I'm always more interested in why folks decide on a trade - rather than just the trade itself as it helps me learn more about Forex.

Good Luck !!!

[cadarkitek]

Originally Posted by FX Baby

Hi all,


I'm gonna be selling the pound today.


Sell@2.0000
Stop@2.0050

1st target @ 50 pips (1.9950)
2nd target i'll let you know or when you think its time


Good luck all!

Guess you are out of this trade already...........

[FX Baby]

Hi all,

I lost -5o pips this morning but its ok.....Im gonna re-enter at the same levels as I'm confident this will work and regain my -50 pips back




Good luck all!

[FX Baby]

Hi all,

I managed to break even on this trade, I got my 5o pips back and moved my stop to entry, we were then stopped out!


Lets see whats gona happen in the next few days.

[del0192]

It did’nt break suport of 1.9403 and seems to be stuck in a rut not going higher than 1.9621 so I would use the as my play ground happly picking up pips