Been very busy this week, hence the later than usual update this round.
Have exited my GBP short grid with a healthy profit. But I do not think I will be shorting it again any time soon, unless GBP goes up to 1.30 against the USD. I still have 2 x 0.1 lots of very old GBP short trades from the past, which were a mistake. I do not see myself being able to clear them any time soon, but I will just hold on to them.
With the GBP/USD grid closed, I will be focusing more and taking more but calculated risks in the XAU and XAG area. Nothing much else to update, so here’s the trades for this week, with a total of 108.94 USD profits.
Welfare pack for this week:
Download this week’s CFTC Commitment of Traders (big monies) analysis here.
Read more on what is the CFTC Commitment of Traders report.
Do note that the financial markets are volatile and unpredictable. The above report is only another set of tools to help with our analysis, and by no means is a 100% indicator as to what will follow. It should be used together with other necessary research which a trader or investor should do.
