A really nice spike in the U.S dollar today ( considering I’ve been long for days now ) with several trades paying off well. As well (specifically) foreseen weakness in GBP coming to fruition here overnight. I invite anyone who isn’t already following on twitter or “the comments section” here at the blog to join/follow as there are lots of great info from other traders here as well.
Im in! I’m “offically” LONG USD as of this moment….and will take my lumps / if / when they come. Small orders across the board – ANY PAIR!
— Pot Stock Watch (@ForexKong) October 1, 2013
For those of you that “bother” looking at longer term charts in developing your trade plans. Weekly GBP/USD – talk about short! pin bar etc.
— Pot Stock Watch (@ForexKong) October 3, 2013
It’s been interesting to see this move higher in USD in line with “risk on” activity in markets today but then again not so unusual. We’ve seen equities and USD running in tandem several times over the past few months as hot money from Japan is converted in / and out of US in order to buy and sell stocks.
THERE HAS STILL BEEN NO REAL MOVE TOWARDS SAFETY.
Glad it’s the weekend here as I’ll be diving / snorkeling. Have a great weekend everyone!