"Mood" of the market

[jasperforex]

I do just the euro for data as pound options cost more.

[4X4X]

Originally posted by Baruch


Well, GBP/USD moved more than 100 pips, so how come you lost 3 pips?

Baruch, I have been trying to find out the reason of move of cable, do you know that? thanks.

[Baruch]

Originally posted by 4X4X


Baruch, I have been trying to find out the reason of move of cable, do you know that? thanks.

Cable are more weak than euro because there seems to be no more rate hikes from BoE because of low inflation and slowdown in house prices. So I suppose Jasper should have payed some more for he's options, so he could have shorted cable.

[jasperforex]

If you draw a line across the last two weeks on the pound, it broke the line yesterday at 1.8250. A lot of people got short then and closed out under some important levels at 1.8180 today to wait for the data.

[Baruch]

Originally posted by jasperforex
If you draw a line across the last two weeks on the pound, it broke the line yesterday at 1.8250. A lot of people got short then and closed out under some important levels at 1.8180 today to wait for the data.

OK, but I think that cable always moves more after big news than euro.

[Baruch]

Originally posted by Baruch


OK, but I think that cable always moves more after big news than euro.

Instead of options you could use euro and cable. I know some traders do that.

[jasperforex]

Its a question of risk. With the right systems profit always comes so that's not important. More important is managing risk. I didn't think much to risk until early this year. Now it's as if someone else is trading, the results are that different.

[Baruch]

Yeah, risk control is very important. But I do't think GBP gives more risk than euro.