GBPUSD Short Setting Up, June 7, 2010
It hasn’t triggered for me yet, but I’m watching the 1.4480 level signal a short trade for me on the G/U.
My PT will be 1.4315 or 100% movement of the consolidation area (- wicks), and the SL will be above the recent wick at 1.4590. Here’s the chart:
Click to enlarge
I watching a very, very similar trade on the G/J as well.
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Be good to you,
Triffany
Triffany Hammond helps traders of all levels, gain the tools, resources and guidance necessary to build on their strengths and work around their weaknesses so that they can make the best possible decisions for themselves in the Forex Market. Triffany is a regular speaker and contributor at 
Nica call on that turn around wiggle trade, its on its way !
Guess what I did ? I was in a “what the hell” mood and I bought gold to its super high, I didn’t quiet get how much I was supposed to buy 1 ounce ? 1 troy ounce ? so I just bought 1 tonne
Oh Aby, I’ve fallen for that ‘trick’ too but you definitely trump me in the size department, lol.
For what it’s worth, I’d be looking for a move back to 1220s during the next 5 days or so. Looks to be consolidating at the moment.
Currently long GBP and NZD from the lows (harmonics) with some nice momentum, yeah! PTs 1.4460 and .6624 respectively
Apparently some englishman made more comments about how much harder the situation is than we think and sent the GBP falling, this always happens, 1 guy says things are on the up, then another guy gets up and says its a lot worse than you think … bottom line is that no one really knows cos none of these youngy economists were alive in 1920 to know what really happens !!! (neither was I, by the way) … my opinion is that lets just not pay the debt, and lets see what the creditors can do eh ? yeah come and reposses england, see if that works !!!