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Old 18-02-2007, 12:40   #43
Trader02
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Re: EURGBP: (1H) Present for Mick and SoulTrader2004

Quote:
Originally Posted by MickMason
Eur/Gbp is a very useful cross to watch even if it's not traded in my opinion.


It is because of this cross that I picked EURO for my LONG call vs USD and not GBP.

EURGBP went into a northbound rally on Jan 23rd. So any rally in EURUSD would upstage a similar rally in GBPUSD.

Also good to watch are EURCHF, EURCAD, EURAUD -- even if you don't trade them.

And AUDNZD to pick the winner and then go long against USD when DX is weak and the winner of this pair also trounces EUR and GBP.

Wisdom from the grave ......
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