Wednesday, December 16, 2009

GBPUSD ENTRY WITH TARGETS

Here are the entry orders. I realized after I looked at my analysis that I am only in the second stage of my training. The first trade was successful with 2 lots and I will take my last trade on the EURUSD as my second trade in the second stage. So that leaves me at 2 wins; zero losses for the second stage of my training.
I have now entered a 3 trade in my second stage. It is in the GBPUSD pair and the pics of the trades are shown in the first picture. (click on them to enlarge).
The second picture here shows the entry, stop loss, and T1 and T2 areas. I entered this trade after the CPI numbers came out today. That is why the USD is getting hit.
UPDATE:
I am watching with angst, my GBPUSD trade. I noticed that 1.6320 is a level of support and that this area probably would be hit as support and the trade may take off to the upside. This goes against the rule of a 50 to 60 pip stop loss, but I have to make the change. Emotionally, I feel as if I should not do this, but I want the pair to hopefully use 1.6320 as support. ACTION: Moved stop loss down to 1.6290

No comments:

Post a Comment