Friday 2 November 2007

Gauging the Pre-NFP Price Action

Today is the non-farm payroll (NFP) day.

At this hour, the forex killer software still points to some serious dollar weakness ahead for three of the majors: EUR/USD, GBP/USD and USD/CHF.



Due to the volatility ahead, I have cautiously:
Long GBP/USD @ 2.0836.
SL 2.0786
TP 2.0916

3 comments:

Bossxero said...

Hi there

Nice journal u are keeping here. Anyway, 1 week testing it not much. You need to test further to know real performance since the market conditions are constantly changing.

I would like to propose u something in private. My email is bossxero and i use gmail. Do email me and i will tell u about my offer.

Regards

Lloyd said...

Yes, I rightly think so too. Anyhow, I will keep compiling results for my readers and for more weeks to come.

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