Boris and Kathy's FX Blog www.bktraderfx.com
11/29/2006
Today's Email Alerts:
Alert # 3 Locking in more profits on the GBP/USD
The GBP/USD has melted down. The Beige book was neither dollar bearish or dollar bullish. We were banking on that for a bigger move to deliver a further break lower that didnt really ensue. Therefore, we want to move our stop on the second short GBP/USD lot to 1.9475, locking in a minimum of 40 points on the trade.
Alert # 2 T1 in the GBP/USD
The markets are moving fast and we hit the first target on the GBP/USD trade, 15 minutes after the release went out (+20 pips). We have moved our stop to breakeven on the second lot and we are targeting 1.9365.
Alert # 1 Reversal in the GBP/USD
US GDP numbers were very strong this moring and the US dollar is turning. Given yesterday's comments from Fed officials including Bernanke, Plosser and Poole, the Beige Book report is likely to reflect hawkish sentiment, which should extend the US dollar's reversal. The British pound has seen one of the biggest extensions which puts it at a greater risk of a reversal.
Therefore we want to short the GBP/USD at 1.9495 with a stop at 1.9525. First target is 1.9475, move the stop to breakeven once that level is reached. The second target is 1.9365.
Alert # 3 Locking in more profits on the GBP/USD
The GBP/USD has melted down. The Beige book was neither dollar bearish or dollar bullish. We were banking on that for a bigger move to deliver a further break lower that didnt really ensue. Therefore, we want to move our stop on the second short GBP/USD lot to 1.9475, locking in a minimum of 40 points on the trade.
Alert # 2 T1 in the GBP/USD
The markets are moving fast and we hit the first target on the GBP/USD trade, 15 minutes after the release went out (+20 pips). We have moved our stop to breakeven on the second lot and we are targeting 1.9365.
Alert # 1 Reversal in the GBP/USD
US GDP numbers were very strong this moring and the US dollar is turning. Given yesterday's comments from Fed officials including Bernanke, Plosser and Poole, the Beige Book report is likely to reflect hawkish sentiment, which should extend the US dollar's reversal. The British pound has seen one of the biggest extensions which puts it at a greater risk of a reversal.
Therefore we want to short the GBP/USD at 1.9495 with a stop at 1.9525. First target is 1.9475, move the stop to breakeven once that level is reached. The second target is 1.9365.
posted by BKTrader # 11/29/2006 06:08:00 PM 
Archives
09/2006 10/2006 11/2006 12/2006 01/2007 02/2007 03/2007 04/2007 05/2007 06/2007 07/2007 08/2007 09/2007
