Comments on: GBP: Stops triggered but no follow through (bullish sign)

By: Abhi

Abhi — Wed, 18 Dec 2013 11:01:14 +0000

Got out of USDCAD as well at breakeven.

Although it is painful to see GBPAUD trending up today. 🙂

But could not take that risk to stay in GBPAUD before FOMC.

By: mike

mike — Wed, 18 Dec 2013 05:48:58 +0000

I hear your advice yesterday and close E/G for a small profit. The first feeling of E/G may be for a final spike higher today and then retreat.

By: Abhi

Abhi — Wed, 18 Dec 2013 05:38:52 +0000

Absolutely agree with you Sean. I am trying to get out of USDCAD at break even. Will keep the USDJPY position open though.

Have a feeling that USDJPY will be well bid irrespective of taper or not. May be there will be a dip, will buy more later.

Having said that my opinions have been squashed by market more often than not. 🙂

Will keep an eye.

Thanks to you, Milan and FXWW for keeping us enlightened.

By: Sean Lee

Sean Lee — Tue, 17 Dec 2013 22:33:04 +0000

Good move Abhi, this isn’t the time of year to be taking on extra risk. The opposite is the way to go in fact.

By: Abhi

Abhi — Tue, 17 Dec 2013 22:31:13 +0000

I got out of my GBPAUD long position at break even. I realized that i have got too many positions opened which will get affected from tomorrow’s tapering news.

Still long on USDJPY and USDCAD. Will add to USDJPY on dip and tomorrow’s news.