Eur/gbp (top)

[riskfreetrading]

RFT is back (to forex trading). He says hello to those who know him on his financialtraders blog.

The reason RFT is here is to ask what you think of a trade he placed few moments ago, with EUR/GBP at 0.8710. RFT thinks 0.8720 is a short term top at least. Possibly a major top later.

December 05, 2005, about 3AM, short EUR/GBP at 0.8710 area.

 

[riskfreetrading]

first 40 pips in the bag! it is now below 0.8670

any news about this pair? who trades it?

 

[riskfreetrading]

eur/gbp went to 0.8630 area.

profits taken at 0.8640.

Total: 70 pips.

 

[riskfreetrading]

Dec 5, 2008, 10:14AM. Shorting it again.

Entry at 0.8705 to 0.8710 area.

 

[increasenow]

are you "consumed" with Eur/Gbp only or others?...eur/usd, aud/usd, gbp/usd?

 

[riskfreetrading]

you can say that. I like to nail tops and bottoms.

I am always at a top selling, or at a bottom buying.

it happens that eur/gbp is at a top. so I want to cut some british heads, who are short their own currency.

I also took profits on Nasdaq 100 at 10:24AM, the current standing bottom on NDX. Readers of my blog can tell you that I like tops and bottoms.

 

[riskfreetrading]

Quote from riskfreetrading:

Dec 5, 2008, 10:14AM. Shorting it again.

Entry at 0.8705 to 0.8710 area.

11:59AM (dec 5, 2008). pair is at 0.8660 area. Latest Profits shown are 45 PIPS.

Earlier profits: 70 pips

Commulative profits: 115PIPS.

Remarks: both shorts at the top!

 

[increasenow]

Quote from riskfreetrading:

it happens that eur/gbp is at a top...Readers of my blog can tell you that I like tops and bottoms.

Hey cat...
1-how do you determine if a "currency is at the top"?
2-where can I read your blog?
IncreaseNow

 

[increasenow]

Quote from riskfreetrading:

Earlier profits: 70 pips

Commulative profits: 115PIPS.

Hey Man...are these results on 1,2,5 lots etc.?

 

[riskfreetrading]

After taking another 70 pips on this pair on Sunday, I was back in earlier today at the area of the top I mentioned in first post (0.8710).

Now I will not take small profits on this. I will let ride more.

Who is in on this pair? It is now at 0.8680, which is not too far from the recent top.

I plan to add more in case it goes up to the top and fails.



Realized profits: 145 PIPS.
Unrealized: 30PIPS.
Cumulative: 175 pips.