MoneyTec Traders Community Forum - View Single Post - Need Advice -Course with a Mentor?

PittsburghFX · 06-10-2004, 00:35

Yeah, I love trading the GBP. I hate the EUR, however I basically use it as a barometer to guage other trends. Stocks have over 10k to choose from. ALl I need is sixe FX pairs to look at and the best part is the fact that it is easier to find correlations in FX than stocks. Futures are similar, but FX rules.

I see GBP testing the neckline THURSDAY. Rate Decision should not suprise, daytraders should be trading off that news. Thursday will be a great day going long GBP. I will use a 30 pip stop.

06-10-2004, 00:35	#56
PittsburghFX level 3 Join Date: Sep 2004 Posts: 235 Downloads: 0 Uploads: 0 Rep Power: 0	nice Yeah, I love trading the GBP. I hate the EUR, however I basically use it as a barometer to guage other trends. Stocks have over 10k to choose from. ALl I need is sixe FX pairs to look at and the best part is the fact that it is easier to find correlations in FX than stocks. Futures are similar, but FX rules. I see GBP testing the neckline THURSDAY. Rate Decision should not suprise, daytraders should be trading off that news. Thursday will be a great day going long GBP. I will use a 30 pip stop. __________________ Brian Summy PittsburghFX