I have been rather busy lately and didn't get a chance to update the blog.. however, I did trade. The set up was the same as usualy, top range 15136 and the bottom range 15098. The market fell through the bottom range and hit the 30 pip target! Nice! +30 pips up! However, it's now the third or fourth time now that I've seen where 60 pips could have been grabbed!
Hope you like the title of the post! It's my attempt at some rhymning! I hope my chart diagram makes sense below. My strategy now is to trade two lots at the entry price, one has a target of 30 pips. The other has a 60 pip target which, when the first trade hits it's target moves the stop loss to entry (to hedge from any loss) and then hopes to grab the 60 pips. Well, the first target was hit for 30 pips.. yay! The second trade still runs but the stop moves to entry. However, the market sp
April 13, 2010 Comments Off on GBPUSD trading – one win, one loss but no money lost! Full Story
