A blog charting my trades in forex. This is a brand new strategy that I have developed myself. So far it is working well, and people are free to take my suggestions and put them on their own account. Just remember that it would be YOUR decision to do so however!
Thursday, July 19, 2012
GBPUSD update
We are nicely in profit with the GBPUSD trade we have going at the moment.
However, we are in uncharted territory here, so I want to lock in the profits we have.
I have set the SL at 1.57046. This is well kn danger of being hit, but hey, it is profit no matter what.
The TP is set just under the last resistance point which is 1.7610. This gives us some wiggle room of about 60 extra pips.. not confident it will shoot up, but we shall see!
Happy trading, we are in profit on this one, and are guaranteed at least roughly 40 pips. I can live with that! ;)
Labels:
GBPUSD,
guaranteed profit,
stop loss,
take profit
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