Wednesday, February 2, 2011

GBP long futures trade working well

Just today we were pointing out GBP as about to break a massive multi year trend line....and it blasted out of there tonight, 30 minutes after I put my long trade on (small at 2 contracts...but moves influence alot of money).

Nice surpise for a change, here is the original post

and the results.  NZD tanked at same time, as did Euro.   Stop moved up to a nice profit, may get whipsawed but that is the risk.

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Insightful and Useful Comment!