Monday 13 October 2008

FX MoneyMap - Columbus Day 13/10/08

Well that was easy! Not much action with Euro, Yen and Dollar but the pound strengthened across the board. I had the EURGBP, GBPJPY, GBPUSD and GBPAUD FX MoneyMap charts up. Unusually the EURGBP was the most active. The EURGBP grid it was to be then.

As you might expect, the markets were sluggish but I was able to go short the pound at the 1 minute red box and exit down a four column motorway 8 pips later. Easy money.

Short EURGBP 0.78404 (09:37), Closed 0.78324 (10:03), Profit 8 pips

Morty Sill

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