DislikedThis is the trading801 boat update ( since everyone posts their updates i shall too to join in the fun ... but since i am a fundamental based trader, no charts these are my opinions only and i blew my account 3 times )
Ok, the story so far, shorted since 1.48 22 SEP
Now that it "seem" to be breaking the previous low of 1.3882 plus the time it took to reach here again from the high of 1.48+ ( very fast ) i am very bearish inclined.
However, i am not adding new shorts for now despite my trigger finger telling me to.
1) NFP is tomorrow
2) House of reps are gonna vote again.
When the vote was rejected, i thought my short trip is over. But it went more. Hence a possibility that the market may not like a bail out.
Best reason i can think of is it may flood the market with lots of USD
It is interesting to note that if no bail out happens and companies fail, massive USD actually goes to thin air, creating a shortage. Prices go up then.
Will move all SL to 1.4173 ( my previous high for this current down trend )
Next possible adjustment of SL to be done when london close.
( remember, i blew my account 3 times previously )Ignored
cya