Tuesday 15 February 2011

Trade No 3 - GBP/USD

Friday (11th) and Monday (14th) didn't manage to break the 1.6000 level so I decided to get long on GBP/USD.

I am long @ 1.6100 (currently up 25 pips).

So far, this year hasn't been great to me. Made a couple of £££ from Euro shorts that were running from last year but other than that things have been very slow. I was hoping that today's UK CPI announcement and Eurozone GDP results might have the market moving again but so far not much has happened. Boring!

It's times like these I get a bit itchy and think I should have been an intraday trader... but I would have probably gone bust by now if I had!!

Still no position on the EUR/USD... she seems to have found some "value" around 1.3500 which makes for boring trading too!

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