October 24 Forecast Comments
Last night I said I liked the gbp/usd short out of all the picks. If you had of taken that trade you could have made upwards of 70 pips.
A strategy that I use when trading the forecasts is to see how close we are to a high or low forecast position. The pound had bounced off a selloff from the day before and was nearing all time high levels again. The short position I felt was safe, even if you had to hold it for a day or 2. And even though it was strong to go high, the Forecasts afford us the opportunity to go in both directions sometimes.
This is why it is very important to log the forecasts of the pair you trade. Be familiar with pricing and use these opportunities to make profits why we wait for the long runs.



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