Hello Everyone,

From the Fundamental side, I am LONG on UK Economy for the year 2014, as long as datas are coming positive – I do not think GBP needs WOW kind of data to have a nice rally. It was a top performer in the past year and it should retain it's title.

However, due to Moral Hazard - excessive stimulus, risk trending markets, i.e. indices are pretty much stretched – some of them are
way above pre-crisis highs. That’s pretty astonishing!

This high has something, hidden but growing - that something is RISK. It's not yet time to have this risk full blown up but it is there in the back drop, I believe. This back scene risk theme showed it’s little glimpse by pulling back S&P 500, Nekkei, and almost all yen crosses, including GBP, which even dropped against AUD.

I waited until my technical gave me a clear signal of finishing correction on GBPAUD. And when it did, I went LONG.

As a result I managed to secure 209 Points in total.. (A little pat on my back!)

Image of my trade below…
Traduzir para Inglês Mostrar original