Monday, January 19, 2009

GBPCHF market order re-instated 1.6140 short if seen sl 500 pips

Kinda tempted by audusd for a short but not tonight - was looking to place an order at 6480 ish but think i'll hold off - whole market looks shaky and uncertain.

i do fancy this next one though - but be careful with position size as it's $144 per pip for each mio as opposed to $100 which is usual. risk is 200 pips - reward around 700 at a guess

NEW TRADE - LONG EURGBP @ 0.9140 IF SEEN SL 200 PIPS

There is a really low risk cable long at this level so i'm going to go for one but with a market order and a double stake. this might not even get hit but worth a risk if it does.

NEW TRADE LONG GBPUSD 1.4320 IF SEEN - SL 1.4270

only a 50 pip risk (at 2X usual stake) for a possible rejection bounce back up to 1.49 area - risk reward on this is about 12:1

Thats enough new risk for tonight, no other changes to stops

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