skip to Main Content
Get your free newsletter: Actionable insight each morning for self-directed investors. 

Authors’ Note:

All the entries here are made post-trade. I’ll not be posting real-time as this distracts me from what I’m doing with the markets, my job and everything else I’ve got going on. I’ll post winners and losers, but I’ll not post every single trade as sometimes they’re not worth it, but overall I’ll aim to have a good balance of trades posted. Nothing here should be taken as a recommendation to trade.

 

07 August GBPUSD short

It’s been a while since I posted so I thought one was long overdue. Today we’re in the black with a short on GBPUSD that I took yesterday and let run overnight. It was in the red for a few hours whilst price jumped about a bit around recent support in the 1.30000 area, but this morning it’s collapsed through and continues to sell off. It’s only a small trade at £2/point and I’ve sold half earlier on today and continued to let the rest run, so it’s going to be a nice one, somewhere around £150+ profit I’d have thought. We’re just about to fall through support at the price level shown so it’ll drop like a stone or drop, take out some stops and reverse. My current stop level is 1.2880 ish.

gbpusd short

 

 

 

Become a better investor with SharePad Designed to give you the confidence to pick your own investments, Sharepad gives you access to a wealth of information on UK, US & European stocks. Find out more

Please note this article does not constitute investment advice. Investors are encouraged to do their own research beforehand or consult a professional advisor.

Matt Vann

Matt has been trading for over a decade, trading with various forms of Futures, Spread Betting and occassionally, CFDs. He'll trade limited markets including Indices, Currencies and selected Commodities such as Silver and Natural Gas.

Stocks in Focus

Here are some of the smaller companies we are following most closely. They all represent significant growth stories in our view. Our in-depth reports go into more detail on why we like them.

Comments


Get your free daily newsletter: 

Thanks to our Partners

Our partners are established, regulated businesses and we are grateful for their support.

Pepperstone
FP Markets
IG
Spreadex
Trade Nation
WisdomTree
ActivTrades
Back To Top