Friday, December 5, 2008

Next idea....

Well, NFP is out, and the pairs are flailing about. I can't imagine the number was pretty. GBP has broken down, however, if the high of this hour gets taken out, it could signal a reversal and blow up the shorts who have been having a great time in this pair all week...

Pending order (1): Long 2,760 GBP/USD at 1.4695
Initial stop: 1.4595
Initial exposure: 100 pips, $27.60 or 15.00%

Current closed equity: $184.06
Current position: flat
Current exposure: 0

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