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Fundamentals looking good for GBP longs

AdamFx42 Posted 9 July  in #Trader's blog #GBP Longs #Soft Brexit
I am long Gbp crosses again today

I just read about Theresa May inviting labour for talks about a Brexit
The consensus here is that it will be talks about a soft exit
The Gbp should benefit from the news, and if talks go well
and a agreement on Brexit is reached by all parties then the Gbp should shoot up
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Back down to 100K after uneventful Friday

AdamFx42 Posted 7 July  in #Trader's blog #GBP Longs #Friday Announcement
I ended this weeks trading just below being flat at 95K

I was long Gbp yesterday after I heard of an announcement concerning Brexit
and a 'soft brexit' departure - which would have been good news for the UK
Unfortunately for me, there was some negative remarks from Germany
concerning Brexit, and the pound sagged
I had to close my longs due to weekend margin restrictions
and will be trying to start over next week - have a good weekend all!
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Going long GBP too soon

AdamFx42 Posted 15 June  in #Trader's blog #Interest Rate Decision #GBP Longs
I was long Gbp too soon today after interest rate decision
The rate remained unchanged as expected
but the surprise was that two more members were in favor of a rate hike
this made the vote 5-3, instead of the expected 7-1 to hold rate
Gbp moved up on the surprise and looked steady
so I joined the market longs
Gbp took a dive down though, just now, I should have expected this retracement
Initial support did not hold, so I closed my longs - losing about 60K
I had already lost 20K lat night on Nzd…
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Getting near a top 10 position

AdamFx42 Posted 19 Apr.  in #Trader's blog #EUR Longs #GBP Longs
Today I am near a top 10 position in the trader contest
It has been a wild ride, after thinking of giving up last week
I was long Eur at the beginning of the contest, but it would not move
After being stopped out, I almost gave up
but I had one long position left: a EurNzd that I had not noticed
It brought me back up to 100K - my initial start position
Then last friday I closed at 85K, and gave it a shot again this week
This week has been much kinder to my Eur longs
and I closed most of them yes…
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Found a good spot for GBP longs

AdamFx42 Posted 26 May  in #Trader's blog #Technicals #Economic Data #GBP Longs
I have finally found a good spot to go long Gbp
I am long GbpJpy above 161 - this is support for another bulish move up
GbpChf is supported above 1.4540 - I am long this pair too
First off, I was up 30K, after adding a GbpUsd long at 1.4730, and a GbpAud long just below 2.05
Then the market dropped sharply just now - turning from +30 to -20K in my account
As there is no real reason for this drop, I added a GbpNzd long here
There is UK data coming up- and traders will take any reason they can to …
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Drawdown of my account

AdamFx42 Posted 23 Mar.  in #Trader's blog #GBP Longs #USD Longs #Market Down
I am losing a lot of money at the moment
I had some Gbp longs hoping for a retracement up after recent losses
They did not pay off and I lost about 50K
I switched to UsdJpy long and went long EurJpy, AudJpy and NzdJpy too
I had a massive loss of half my account - about 130K - today
on top of the losses sustained with Gbp longs ..
I am hoping to ride UsdJpy and EurJpy longs out now
trying to cut my losses short before the week is out
I will need a reversal in the market now, because the market se…
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1 Comments
vegairport avatar
vegairport 24 Mar.

is thids your live account or demo account

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Expecting USD to weaken

AdamFx42 Posted 5 Oct.  in #Trader's blog #GBP Longs #USD Weaker
I expect Usd to weaken soon
Usd should begin to weaken now that the tone is bearish on raising rates
i expect Gbp to profit most from this and show a strong move up soon
therefore I am long Gbp/Aud for now
and will add Gbp/Nzd long after a bounce from current position
Aud and Nzd are still fundamentally weak and Gbp rise should strengthen most against these currencies
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