Wednesday, June 25, 2008

Thoughts.

Well I am short on EUR/USD at 1.5672.. (too early i guess >.>)
reason i got it was it was way too overbought.
But the thing is that market doesn't care whether it oversold or not..
well good luck to me.

For you GBP/JPY (ers)
This is risky.. as overnite it will be filled with UK Heavy Load Data.
But what i feel is .
Take a entry short order at the recent high. 213.36 or 213.5.
We would be aiming for 212.5 at least from that point or maybe lower.
It might be spiky.
For this pair i won't put a stop loss as it's a pair with lots of volatility.
But it's up to you.


Good luck All
Anil

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