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GBPUsd is supported above 1.3220 area

AdamFx42 Posted 8 July in #Trader's blog #Support #GBP Long

I am planning to re-open my closed Gbp longs tonight

I had to close my Gbp longs on Friday due to margin and loss
My GbpNzd and GbpAud long positions were losing heavily,
and my guess is that I went long too soon
GbpUsd tested 1.3220 area twice on Friday, and it should hold now
I will coordinate my Gbp longs based on that level

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Struggling a bit with my GBP longs

AdamFx42 Posted 6 July in #Trader's blog #GBP Long #Soft Brexit

I am having some drawdown holding on to Gbp longs today

I was reading about a new 'soft Brexit' proposal being put forward by May today
It is the third plan for an easy exit which includes remaining a Euro member
The plan could call for optimism this time, as the only alternative now left is a 'hard exit'
and if it is accepted the pound should see steep recovery

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Had to switch positions in a hurry yesterday

AdamFx42 Posted 15 June in #Trader's blog #GBP Long #Closing Positions #Open New

I got stuck in the post FOMC trading madness yesterday

I wanted to stay out of trading yesterday but could not unfortunately
I was going to close my long Aud and Nzd crosses positions
After the FOMC when all other major pairs suffered losses,
I tried to buy Eur crosses from the lows, and started losing money
I switched to Gbp longs, but there was some bad news for UK
about some Brexit forum vote, or such, and I got stuck in the minor
I hope to end a little higher today and close my positions to…

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A quick switch in strategy was in order

AdamFx42 Posted 2 May in #Trader's blog #GBP Long #AUD And NZD Long

I went long GbpUsd yesterday but almost got caught in a downward spiral

I went long GbpUsd around 1.37 because I thought it was low
It is going down much lower now it seems, though
Luckily I decided to step out right away, and only lost 30 pips and 15K
I chose to go long AudUsd and NzdUsd instead,
and seemed in trouble all day and night at first
Now there if finally some light at the end of the tunnel,
as my longs have survided the night

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Managed to struggle back to around breakeven yesterday

AdamFx42 Posted 27 May in #Trader's blog #Drawdown #GBP Long #Switching Direction

I was long GbpUsd and Gbp crosses yesterday before UK data release
I was long GbpUsd above 1.4730, GbpNzd close to 2.20, and GbpAud around 2.0450
Data was poor and Gbp plunged down, so I took a moment to think about it
I waited for a bounce, and closed all positions with about 100K loss,
I sold the bounce and waited..
I cashed on the continuation down - I gained about 50K
Then I reversed again and bought the lows for another bounce,
and managed to gain another 30K
I ended up 20K down and it cost…

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Quite a battle yesterday in the contest

AdamFx42 Posted 30 Dec. in #Trader's blog #GBP Long #USD Data #Currency Movements

It seems that I was wrong about a quiet market yesterday
After the release of US data there was a lot of action in the markets
my Cad/Chf long payed off nicely eventually, and I added a Aud/Chf long to it
Eur and Gbp weakened against the dollar
Mano930 pushed to first place, and I must say he is a great trader - what a comeback this month! Respect
After he closed his positions I waited and looked at the market again:
Gbp/Usd seemed too low again and support around 1.48 held the pair up
so I went…

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Some good trading pre-Nz rate decision

AdamFx42 Posted 9 Dec. in #Trader's blog #NZD Short #GBP Long #EUR/NZD Long

I had a few nice trades this evening
The NZ rate cut or not is tomorrow and I knew traders would be anxious
I decided to go long Gbp/Usd because it seems supported above 1.5 at the moment
I also opened a Gbp/Nzd long to support my position
Because I knew that a possible rate cut coming tomorrow may provide a little action
Once my positions started to move I added a Eur/Nzd long
which provided me with some equity
I went short Nzd/Usd and Nzd/Cad to add to my open positions
The market seemed willi…

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Opening new trades after waiting

AdamFx42 Posted 8 Dec. in #Trader's blog #NZD Short #GBP Long

Today I have decided to wait no more
Nzd/Usd has fallen 150 pips now since Friday, indicating traders expect the interest rate cut on Wednesday
If this sentiment prevails we should see more Nzd weakness before the decision
Therefore I am long Eur/Nzd and Gbp/Nzd beforehand
and I hope to bag a couple of pips this way
If my profits are enough before the actual decision I may get out, otherwise I will stay in
Also, Gbp/Usd is at critical support now around 1.50
I am going long here, because I feel …

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AdamFx42's Blog

GBPUsd is supported above 1.3220 area

Struggling a bit with my GBP longs

Had to switch positions in a hurry yesterday

A quick switch in strategy was in order

Managed to struggle back to around breakeven yesterday

Quite a battle yesterday in the contest

Some good trading pre-Nz rate decision

Opening new trades after waiting