Posts Tagged gbpusd
Friday was a day when the UK elections and the Greek crisis caused huge movements in the markets... not only were the currency markets affected but worldwide stock markets. The system would have yield results today but I didn't trade! The channel was already about 300 points wide (top of channel 14914, bottom of channel 14597)... massive.. almost 10x our average size.. not something which I felt comfortable with.
The break towards the downside happened around 10 ish however and it dropped ano
May 7, 2010
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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!
May 6, 2010
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Today was one of the most uneventful days trading the GBPUSD market.. the market was completely range bound and although my trade was trigger and was a few pips shy of target, it soon reversed to hit my stop.
Not really much to say except that I ended up with a -30 pip loss!
May 5, 2010
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