Thursday, February 7, 2008

Gong Xi Fa Chai!!!

Gong Xi to fellow traders that might be celebrating the Lunar New Year.
Guess What?
First Day of The Year of The Rat is Brilliant, Everything just falls into place.

Went Short on GBP/USD a couple of minutes before the London open, Went out for family gatherings and come home to a profit of 90Pip. Shorted at 1.9610 and close it at 1.9520.

Reached home 45 minutes before the Interest rate Statement, Chilling out thinking hey, I've got my Pips today just relax and see what happens no rush.
BOE cut rate by 25bp, as expected, price went up a bit, and then A Reverse Hammer with tails like Haley.

I went in again a @1.9510 and fter projecting my Fibs and Target levels, set my TP @ 1.9420. Leave it went to bed and woke up to another 90 Pips.

So all in all, A FANTASTIC DAY TO START THE NEW YEAR. lets Hope It will be like this Everyday for the rest of the year.

So Thursday 7th of February, Shorted the Cable till kingdom come for a nice profit of 180 Pips.


The Yellow Fibs are those for my first trade and the Blue ones are for my second trade.

No comments: