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Old 30-07-2007, 18:09   #127 (permalink)
Summerset
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Re: Eurosterling.

Quote:
Originally Posted by Summerset
Expose 1.5% to cover Limit longs @ 6730 & another 1.5% for limit longs @ 6720, To full exposure of 3%. SL on both @ 6690. Final TP @ 7200.

This is a -ve premuim trade.

We anticipate an attempt to break upwards out of the triangle on weekly chart. In that case it would become a bull flag with potenial upwards = the flagmast below it ~ 7200

There is a weak buy signal.
Amend entries to become 6745, & 6735. Stop 6705. Same conditions
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