Posts Tagged financial trading
![Monster Rally on the GBPUSD]()
The GBPUSD really powered ahead today.. I was trading my 4-to-7 breakout strategy and got my 30 pips. It seems pathetic when the market powered on another 170 pips or so.. still, a profit is a profit!
The range was 14632 and 14597.
I didn't trade the 9-to-9 however. If the range is over 120 pips or so, the movement has already been too large for the day. Also, I can't scale my trade to be small enough so that the hefty pip stop loss is a mere 5% of my trading account.
The top
June 14, 2010
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Well, as I mentioned, I spent the whole week from 17th May on a business trip. I had looked at the charts every day and wondered how the system would have worked if I had traded it. Here are the charts!
17th May
I just flew into Africa in the morning. However, a long would have been triggered and 30 pips would have been in the bag
18th May
It wasn’t easy to put on the trade today.. I was in a conference and had to fire up my email and put in the order. I had put in an order to
May 22, 2010
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Today I didn't quite follow the trading plan but I don't feel bad. The price range was between 15355 and 15316. The price broke towards the upside, my price entry was 15360 and my 30 pip target would have been 15390. Although the market did top out around that level (if I include the spread then it may not have triggered anyway), I took profit a little earlier since there was no upwards momentum. I close with +16 profits and the market duly fell afterwards.
April 30, 2010
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