It's all about timing

Well we returned with a bang. We said buy GBP and GBP promptly roared. We made 5 big figures on GBPCHF and 3 on GBPJPY within 48 hours. We were tightening our stops aggressively and so were out of everything by Friday afternoon including EURAUD which we made nearly 2 big figs on as well. Cable is obviously 4 big figs higher than where we bought it but we must admit we stopped out at flat Thursday afternoon. And EURGBP was also a flat exercise.

However it was a great 48 hours and we went in to the weekend out of all positions looking for any retracement to get back in. This was not so good timing. GBP has continued to roar today and we've missed out on several big figs more across the board.

Still it was a very hefty profit which went some way towards repairing MCFX's decimated balance sheet. About 10% of profit. Yep. Much needed.

Ideally now we should wait til the next obvious opportunity. But bear in mind that MCFX is now unemployed and so trading (when in London) is practically his full-time occupation. And while patience is a virtue, we feel we should be trying to maximise the time we have while we have it.

So we will continue to push. But today it did not work. We dipped our toe in to short EURGBP and promptly got stopped out near the highs so we stand aside til tomorrow. It was a loss of less than 1% but it hurts.

Good luck!