Wednesday, June 11, 2008

Closed GBP/USD for +102pips

Screenshot of the entry and exit are below...


 

About time to close the GBP/USD out...

I'll be looking to close out of this GBP trade in the next three hours or so. 1.965 held pretty nicely and I don't want the possible good US retail news tomorrow to screw up my long GBP/USD trade. The rising oil helped me today and I'll take my 70pips and wait for things to settle tomorrow.

Afternoon follow-up on the GBP/USD long...

...the GBP/USD trade from earlier this morning is meeting resistance at 1.965. You can see on the 15 minute that price struggled three times to overcome the resistance but could not and it now looks like it's falling back some.

Let's see what happens!

Long GBP/USD Triggered

The 1.9512 long was triggered on a spike down overnight (in response to UK trade news?). The spike quickly recovered and we're now sitting at +100 pips. The second limit long was cancelled and the stop has been moved up to +50pips.

T/P is set at 1.974

Good morning!