GBPUSD

My long activated on this on friday night. It sure did move fast. I hate it when theres a shock to the system as that can mess trades up. Im surprised that they announced the downgrade on a friday night. They could have done this once the currency market was closed. maybe on a saturday. It smells all dodgy to me.

1 Pez 1 wrote: Anybody playing with this? Huge spike down this morning.

And again on Monday by the looks of it with UK not having AAA anymore (Germany and Austria still do).

Most in my watchlist FTSE 100 down on Thursday with GBP fall/+ some Fed comments and small rises on Friday and down again on Monday maybe?????????? (I don't trade currencies but have been watching the GBP fall, how low will it go? - need to make more monies now with a falling GBP, before transfers overseas )

Dipped from 1.52510 @ 22.20 UCT Friday 22/2/13 to 1.5147 @ 22.50 UCT Friday 22/2/13 just before the close.

GBP/USD 1.48?

Soon see on Sunday with Asian trading from 20:15 GMT on Sunday.

Ive got my long entry half way down the hammer at 1.5203. My stop is 70 points.
The hammer formed at strong support area
dyor

1 Pez 1 wrote: Anybody playing with this? Huge spike down this morning.

I closed a short GBP yesterday morning.... kicking myself now, considering that the technical consensus is around 1.52!

oh well, better put that cash to good use

Anybody playing with this? Huge spike down this morning.

I had a SB short open - then suddenly like a tsunami my stops got triggered and it went my direction.

One for my notebook - never trade before market moving announcement on FOREX.